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Porn Websites and Cryptocurrencies- Current Scenario and Future

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Porn websites and cryptocurrencies seem to be having a very strong relationship this might be related to the anonymity of cryptocurrencies.

Development of porn websites and cryptocurrencies.  

Introduction

The cryptocurrencies are traditionally not being applied by the citizens in the form of a currency but moreover like an investment asset. This might be due to the highly fluctuating cryptocurrency market hence many people do not want to get their hands dirty by involving in it. They are satisfied with the traditional Fiat transfers, but one needs to update themselves constantly with the technology in order to stay ahead of the game. The Blockchain Technology behind the cryptocurrencies is being applied in many other domains apart from the financial sector. similarly, even cryptocurrencies are used in a number of forms, where porn websites and cryptocurrencies have a strong bonding since the inception of cryptocurrencies.

 

Porn websites and cryptocurrencies

Porn websites and cryptocurrencies seem to be having a very strong relationship with each other. this might be related to one of the attributes of cryptocurrencies which is its anonymity. Prior to the cryptocurrencies, the citizens used to use their traditional Fiat currency transfers to avail a number of premium memberships on such websites which would sometimes render them embarrassment, as the bank transfer statements would contain the details of all the transactions. The high level of anonymity provided by the cryptocurrencies has opened gateways for an increased traffic and acceptance of the porn services throughout the world.  

 

Further development between porn websites and cryptocurrencies

The porn industry is a fully fledged domain. incorporation and collaboration between the Porn websites and cryptocurrencies might result in a widespread development and usage of cryptocurrencies in the form of a currency itself. Even the porn websites are reaching out for the development of cryptocurrency by incorporating cryptocurrencies into their payment methods. The most popular porn websites which support cryptocurrencies are Naughty America, Pornhub, Xotica, Livejasmin, etc. In short, the privacy and widespread adoption by the porn websites and cryptocurrencies respectively is the precise reason for their interdependence on each other and hence they are striving to maximize the incorporation of each other for their betterment.

 

Current status of the porn websites and cryptocurrencies

Currently, a number of privacy-focused cryptocurrency coins are being applied by the leading porn websites. For an instance, Pornhub supports, three of the most privacy-focused cryptocurrency coin in the market, which are Verge, TRON, and ZenCash. The porn websites these days absolutely do not have any other choice but to fulfil the requirements of the individual, which is currently, anonymity and privacy which is inherently provided by the cryptocurrencies. The cryptocurrency Verge has two types of ledger one is the public and another one being a private ledger. In case of the public ledger, of the Verge cryptocurrency, lower anonymity was provided where anyone could trace the IP address of the source. Hence many websites are expecting to expand their operations by incorporating the Private Ledger of the Verge cryptocurrency and also consider it most suitable for all the future transactions.

 

Porn websites and cryptocurrencies: The Future

The porn websites and the cryptocurrencies have taken their relationship a step further by incorporating a Virtual Reality porn service. Innumerable amounts of funds were raised during its unveiling. With more number of cryptocurrencies developed each week, with increased privacy, the collaboration between the porn websites and the cryptocurrencies are expected to become like nuclear bond as even the cryptocurrency research and development leads to amazing and improved privacy. in the near future, we might also experience a joint collaboration between artificial intelligence porn websites and cryptocurrencies, along with the virtual reality experiences in order to provide the best user experience to the customers.

 

Conclusion

The anonymous nature of cryptocurrencies has also given rise to a number of unlawful activities that are carried under its name. Child pornography is on a rise and is powered by the cryptocurrencies in the market sometimes. The Secret coded messages which are encoded and are immutable on the blockchain of a network might sometimes contain links to the child pornography,  which is sometimes phishing in nature. The porn websites and cryptocurrencies do not literally exchange the information about the user and the identity remains incognito forever. Therefore the porn websites and cryptocurrencies can be considered to be a major and unbreakable collaboration in the future.

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Cryptocurrency Market Updates: Bitcoin May fall further

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The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

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#Bitcoin

Bitcoin Cash Hard fork screwed the whole cryptocurrency market

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Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

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#Ripple Price Analysis

XRP price analysis and market updates

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XRP has overtaken ETH again by becoming the number 1 altcoin according to market capitalization. Crypto analysts believe that XRP can outrage bitcoin too.

XRP has overtaken ETH again by becoming the number 1 altcoin according to market capitalization. Crypto analysts believe that XRP can soon outrage bitcoin too and take the spot of the number 1 cryptocurrency while bitcoin is still more than 52% dominant. XRP had a downfall last Wednesday when XRP price fell to $0.43, but in the last 24 hours, XRP experienced a good bullish momentum with a 12% rise trading above $0.51. XRP is currently trading at $0.519 (at the time of writing this article).

 

XRPUSD 5 day chart

XRPUSD 5 day chart

 

One of the major reasons for the rise of XRP is the approval of cryptocurrency ETF by the Switzerland authorities and also the adoption of RippleNet by more and more financial institutions worldwide. Many other altcoins apart from XRP also experienced a bullish momentum in the last 24 hours. XRP is on the top of the list for gainers while Stellar and Monero are on the 2nd and 3rd position. The price of bitcoin showed little improvements by remaining above $5600 mark.

Many financial analysts predict a bearish future for cryptocurrencies in 2019, while many other cryptocurrency enthusiasts believe that the following predictions are just to create a feeling of fear amongst the cryptocurrency investors. What do you fell about the same? Tell us in the comments section below.

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