Pornhub now accepts Bitcoin (BTC) and Litecoin (LTC) as payment for its premium services. The company has been accepting Verge since 2018, later adding several other cryptocurrencies, but this is its first foray into the major leagues. Pornhub’s vice president Corey Price said in the press release: “As a leader in adult content with over
Band is one of Chianlink’s main competitors in the oracle space that is based on Cosmos technology. In a recent Cointelegraph interview, Soravis Srinawakoon, the CEO of Band Protocol, said: “If you look at Chainlink, one data request right now can take almost $450 because someone needs to submit the request data to ask for
The dollar’s impact on markets in 2020 cannot be overstated. Its weakness and decline in the face of the pandemic and a dwindling US economy, has allowed assets like Bitcoin, precious metals, and equities to surge. However, the DXY Dollar Currency Index just closed a monthly candle below an over decade-long trend line dating back
A recent memorandum from the U.S.’ tax authority, the Internal Revenue Service, or IRS, attempted to clarify taxation rules around receiving crypto assets as payment. “Is convertible virtual currency received by an individual for performing a microtask through a crowdsourcing or similar platform taxable income?” said a document released on Aug. 28, adding: “Yes, a taxpayer who
Russia’s new blockchain-based voting system needs more work before it can be used in nationwide elections, according to the nation’s Central Election Commission. While recent user tests were promising, the commission concluded improvements are still needed regarding how voters are identified, Russian newspaper Kommersant reported Tuesday. The e-voting system is built on the enterprise version
Tether (UDST), the world’s largest stablecoin by market capitalization, is again outperforming major altcoin XRP. On Sept. 1, Tether surpassed XRP as the third-largest cryptocurrency by market cap, becoming the second-largest altcoin after Ether (ETH). As of press time, USDT market cap accounts for more than $13.4 billion, according to data from crypto analytics website
Data from on-chain analytics firm, , reveals that members of the decentralized finance (DeFi) ecosystem are turning to USD Coin USDC in order to interact with DeFi protocols either by earning high-yield income on lending protocols like Compound and Aave. Users are also providing liquidity to liquidity pools like Uniswap and Curve, the latter of
A Brexit-inspired plan wants to make California its own nation, separate from the USA. The people behind the plan are now looking to establish cryptocurrencies as the financial backbone of the proposed nation. The movement is called “Yes California,” though it is more commonly known as the “Calexit movement.” The group recently appointed a Blockchain
The decentralized finance, or DeFi, movement in crypto has grown explosively over the past several months, according to data compiled by Twitter analyst, Ceteris Paribus. Data from May, June, July and August showed DeFi crypto assets have surged in price, on average, 42.9%, 56%, 60.5% and 168.4% respectively — massive monthly gains for any asset
Following the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoin support. Alongside bitcoin and ethereum support, the trading platform’s added coins provide Revolut users with the ability to buy, store, and sell four different digital assets. Six weeks ago, Revolut launched a new exchange in the
CoinShares, a company that manages over $1 billion worth of crypto assets is opening up its reserves to a public audit. The service is provided by an accounting firm Armanino, which will be providing an updated state of reservers for various electronically traded products issued by XBT Provider, a CoinShares subsidiary. In a Cointelegraph interview,
On Aug. 30, a Github user made a post about losing 1,400 Bitcoin (BTC) via an elaborate hack that affected his Electrum wallet. N-chain analysis indicates that the hackers had a Binance account and that some of the transactions used to move the stolen coins may have originated in St. Petersburg, Russia. However, It is
Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money printing. Yield farming – providing liquidity to earn interest in the form of tokens – has taken the crypto community
Bitcoin price is trading in a bullish zone above the $11,600 support against the US Dollar. BTC is likely to gain strong momentum above $11,800 as long as it is above $11,550. Bitcoin is following a nice bullish path above the $11,550 and $11,600 support levels. The price is facing hurdle near $11,800, but it
The Takeaway: Decentralized finance (DeFi) started out by imitating the regular financial world, but the way its pieces can be mixed and matched has become so easy that new entrants are starting to get strange. Yearn Finance (YFI), YAM, Spaghetti, Based, whatever today’s variant is – the “Weird DeFi” cohort keeps growing. Yearn.Finance seems to
Analysts predict that the imminent launch of yETH by Yearn Finance could trigger a renewed surge in buying pressure on the ETH markets. The product, which is being voted on by YFI token holders, will automatically find the highest yielding decentralized finance (DeFi) protocol/strategy for Ether (ETH) deposits. Yearn Finance’s core products are ‘vaults’ that