Bitcoin in Brief for Wednesday is a potpourri of quickies to get your day going: Pornhub, a website we’ve never heard of, has joined the crypto revolution (well, Verge at least); South Korea’s loss is Switzerland’s gain; bitcoin blamed for every crime under the sun; Ethereum’s Vitalik Buterin is accused of favoritism; and bitcoin cash (BCH) is getting a ton of love from CNBC’s Brian Kelly.
Also read: Bitcoin in Brief Tuesday: The Tax Man Effect
We’ve Never Heard of Pornhub, What’s Pornhub?
“The adult entertainment titan has announced it will now accept payments in anonymous cryptocurrency Verge (XVG),” according to Hard Fork. “This means now you now have the option to pay for your premium subscription without leaving any trails.”
Pornhub’s VP explained, “Here at Pornhub, we’re all about convenience and security, which makes cryptocurrency an attractive form of payment for us. We’ve been looking at crypto for quite some time and, while overall adoption is relatively low, we think it has gained enough steam for us to penetrate the market.” Dirty birds.
As South Korea Clamps Down, Foreign Markets Pick up Slack
The funny thing about cryptocurrency is, a government arrogant enough to believe it can regulate mathematics probably also won’t understand how they’re essentially robbing themselves of commerce. If the people want crypto, there’s going to be a steady supply to meet that demand.
Reuters reports, “Six months after South Korea banned the issuance of new cryptocurrencies, they are starting to creep back into the country by using overseas listings for local trading,” as initial coin offerings (ICO), which the country banned outright, have been popping up geared at the South Korean investor. Switzerland is there to help.
Pornhub for the win!
