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Pornhub Models Lose PayPal Payouts. Bitcoin, XRP, Tron Come to the Rescue

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Thu, 11/14/2019 - 06:10
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  • Crypto seems like an obvious option for Pornhub models now that they have been abandoned by PayPal

Cover image via pixabay.com

Pornhub has just announced that all its models have been ditched by payment giant PayPal. Thus, thousands of performers will lose payouts that are necessary to pay their bills.

From now on, models will have to settle with any available payment method (Paxum, Check, the Verge cryptocurrency). Direct deposits are only available for American and Canadian Pornhub users.      

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In the light of such a devastating piece of news, multiple cryptocurrency influencers have stepped up to offer a helping hand. Particularly, Tron CEO Justin Sun points out that Tron (TRX) is already accepted by the Canadian pornography giant. He also plans to add the support for Tron-based USDT. As reported by U.Today, USDT-TRC20 would be able to become the biggest stablecoin.         

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Meanwhile, Changpeng Zhao, the CEO of the Malta-based cryptocurrency exchange, believes that it sounds like an opportunity for crypto. Some of his followers suspected that a partnership between Binance and Pornhub could be already in the works.    

Earlier in November, NetCents, the partner of Pornhub, added support for Ripple's XRP. Hence, it led to speculations that the adult entertainment behemoth could also embrace the third biggest token.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Sat, 03/28/2020 - 18:25
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  • With COVID-19 being the main hellraiser for the last weeks within blockchain space, the BitMEX derivatives exchange has brought some good news about Bitcoin (BTC).

Cover image via stock.adobe.com
Contents

BitMEX Research, an analytics branch of the BitMEX crypto derivatives exchange ecosystem, attempted to figure out who are the most influential and productive Bitcoin (BTC) developers.

Blockstream and Lightning Labs are Most Generous

First of all, analysts at BitMEX research studied the funding of open source developers working on Bitcoin (BTC) or the Lightning Network, the second-layer scalability solution working atop the flagship blockchain. Below is the chart that includes only developers with known sources of funding:

Current funding of open source developers working on Bitcoin or Lightning – number of developers
Image by BitMEX Research

It looks like the Canada-based company Blockstream shares the first position with Lightning Labs Inc., which based in San Francisco. The later team recently raised $10 million in Series A financing from Slow Ventures, Ribbit Capital, and other private investors.

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Jack Dorsey's Square Crypto is in third place. The company is passionate about Lightning development as an on-board pseudonymous developer, which is well-known for its contribution to this infrastructure. 

Independent Devs on the March

In the second part of their research, the analysts tracked the GitHub committing activity in Bitcoin Core's repositories. Based on their research, it appears that the independent developers surpass their corporate competitors by a wide margin.

Current funding of top 33 Bitcoin Core contributors by number of commits
Image by BitMEX Research

These results allowed BitMEX Research to conclude that the Bitcoin (BTC) development ecosystem is the following:

is in a reasonably strong situation with respect to developer funding, based on metrics such as the distribution of funders and transparency. 

This is in comparison with the initial stage of Bitcoin (BTC) adoption in 2012-2014, when the Bitcoin Foundation was the one and only significant contributor.  Nowadays, diversity has brought funding sources, which in turn, has upgraded the decentralization and development process of Bitcoin (BTC) software. So, according to the researchers:

the situation is more healthy than it has been in the past

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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