Pornhub Adds Monero After Getting the Credit Card Snub, Accepts Crypto Only

Pornhub has said that it is accepting crypto only for its adult premium services. This is after both Visa and Mastercard declined to continue their partnership with the website. 

A news publication on claimed that after Mastercard and Visa stopped their working partnership with Pornhub. The adult site now has decided to accept crypto in chosen locations. The new development comes after a New York Times post stating the adult site showed abuse. 

Pornhub has denied that they show abuse material or children on their adult site. For now, subscribers can be pay using cryptocurrency. Pornhub, which happens to be one of the world’s largest adult sites, is now accepting payments in Bitcoins. 

Recently Visa and Mastercard stopped their services to the adult site because of the post about it. Decrypt Media publishes the latest news on Bitcoin and cryptocurrency had a tweet on the new development. 

It is quite similar to last year, in November when PayPal stopped payments to the adult site. Today’s new development will hurt the revenues of the performers of the adult streaming site. However, Pornhub will use cryptocurrencies like Tether (USDT), Tron (TRX), and Verge (XVG). 

Now, Pornhub also accepts Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dash (DASH), Monero (XMR), to name a few. They also accept cryptocurrencies like NEM (XEM), Waves (WAVES), and ZCash (ZEC).

The adult site has seen a tremendous increase beginning of the pandemic with more than 3 billion visits so far. Allie Eve Knox, who is one of the performers, felt that the whole situation could have been dealt with more fairly. 

Instead of the credit card companies going to this distance to hold Pornhub accountable, the performers were vocal about the adult site follow the law. Knox feels that the performer’s main source of income was from the credit card company. 

Content creators will also be hurt because the money was going right in there. In light of the snub by the payment companies, they have gone the other way. Ensuring that their performers and customers are not affected, they have brought a wide range of cryptocurrencies. 

A news publication on also said that same news about Pornhub accepting cryptocurrency. The adult site is now accepting cryptocurrency Monero as payment. This is amid reports that credit card companies have now cut operations with the adult site.

When the move of accepting Monero was made, but it may have occurred last week. The thing about the cryptocurrency is that only users from countries like the UK, North America, Singapore, and a few others can make use of the payment option. 

For now, the payment option for users with IP addresses located in the European Union is acceptable. Lastschrift is a bank debit system or SEPA, where the bank transfer system can operate only in the European Union. 

However, users in America and Japan may not have issues using Bitcoin. Research has shown that the main traffic to Pornhub comes from America, Japan, and Germany. Other countries in the Eurozone account for it too. 

History of Pornhub was founded way back in the year 2005. It was a subsidiary of MindGeek, a Luxembourg-based IT platform for streaming entertainment content. This news may impact the viewer ratings, though only time will tell if it did make inroads to the site. 

It should be noted that the adult site’s main revenues come from advertising. Most of them make payments using credit card companies. Looking at the bright side to the post published in the New York Times last week, Pornhub has made changes on their site. 

They have announced strict measures to combat abuse of any kind to women and children if they found any of them. Additionally, they will allow verified content creators to publish their material on the site. 

They will be expanding their moderation of content broadly to ensure that these sorts of things do not occur again on their site. They posted that they are getting “picked on because” they are a porn site. 

These forces are the same that have been idolizing Playboy, sex education, LGBTQ rights, and even the American Library Association for 50 years. They added on their post; sadly, it is Pornhub today. 

Is Pornhub the solution that cryptocurrency users were waiting for? 

This is something that time will only tell. Porn and cryptocurrency are both different. Given in the situation we are all in, the current pandemic and lockdowns occurring throughout the world often now, people of all ages might resort to viewing porn often. 

So, the chances of users making use of the situation may arise significantly. Few of the cryptocurrency users already spoke their minds before this even happened. The Bitcoin inventor Satoshi Nakamoto said Bitcoin could help the adult industry grow profitably. 

Nakamoto felt that the convenience of viewing it “without having anybody in your home know about” it could probably be the reason. Your “family or spouse will not know about the transaction” happening the credit cards, and there is no need to trust the site. 

Pau Graham, who is the founder of YCombinator, echoed the same thought. Graham said the credit card companies’ have too many censorship policies that can mark their eventual death in the long run when they get hold of robust alternatives like cryptocurrency.

This brings us to the final question, is it going to impact the adult site badly. Well, we are talking about one of the most visited sites in the world. Besides Netflix and Reddit, Pornhub is a household name in several countries. 

Pornhub saw every minute more than 80000 visits, 75000 searches, and 209000 video views last year. A small example of just how popular the site is of a less popular performer, LittleReislin, can have more than 200 million views. 

In light of the actual situation, the mayhem’s real winner is a cryptocurrency that will make a colossal fortune for users out of this. Besides, Pornhub can make use of this business opportunity.

Why Privacy Coins Are Important in 2019 And Beyond

Let’s face it – the main criticism of privacy coins is that they’re involved in criminal activity in some way. In fact, that’s a criticism that cryptocurrencies in general tend to draw, despite the fact that the vast, vast majority of criminal transactions are carried out in good old-fashioned fiat currencies.

The truth is, there are all kinds of crucially important use cases that privacy coins like Monero and Zcash can facilitate.

Personal Security

A major flaw in the fiat system is that the digital trail of personal finances left by online transactions leaves retail consumers open to being targeted by bad actors. Phishing scams and data breaches result in people’s bank account details being stolen and used to facilitate money-laundering and credit card fraud without their knowledge, and there are huge, thriving black marketplaces which deal in stolen financial information.

Beyond being digitally attacked, there were several instances last year where people were physically attacked and robbed of their Bitcoin.

Privacy coins could help eliminate all that.

By leaving no trace of transactions, users have no vulnerable data to be exploited and used for criminal activity.

Freedom of Political Support

Seeing as Edward Snowden openly spoke out in support of Zcash, it’s no wonder that the Edward Snowden Foundation accepts the privacy coin as a payment method for donations to Snowden’s legal defense. In a world where political affiliations can and do get people locked up or killed by oppressive governments, it’s important to have an untraceable method of sending peer-to-peer transactions to support revolutionary causes.

That may sound like hyperbole in the case of Snowden, but he’s actually a perfect example – former US President Barrack Obama made it illegal to donate money to Snowden’s cause, legislating that the government could even seize and confiscate any funds sent, and making the use case for privacy coins in political support not an ideological theory but a very real and practical use case being put to good use right now, today.

Personal Financial Sovereignty

I recently wrote about how banks in India and Pakistan are forcing customers to choose between crypto or banking services, scanning all account transactions and closing down the accounts of anyone found purchasing or trading in Bitcoin or other digital assets.

Cryptocurrencies are a real threat to the traditional banking system, but the infrastructure and adoption simply isn’t there yet to allow people to forego banks altogether. Banks in these countries are trying to draw a line in the sand, nipping adoption in the bud by making customers elect currently functional services of the past over the low-cost, decentralized solutions of the future.

However, once again, privacy coins can save the day here and are likely already playing a role. Services like Local Bitcoins can allow people to buy Bitcoin without a digital footprint linking it to their bank account, and then from there the Bitcoin can be transferred to a decentralized exchange and used to buy untraceable privacy coins, allowing people personal freedom over their own finances without banks and state bodies shutting down their bank accounts.

Bitmex Review: A Haven for Pro Traders?

Almost a decade after Satoshi’s middle finger to banks and government, through the creation of a peer-to-peer digital currency which does not need intermediaries to function, bitcoin has inspired the creation of more trading exchanges than seen in traditional markets. Today we’ll focus on Bitmex, a bitcoin futures trading exchange. This will be a review on what the exchange offers, its security status, team behind the spotlight, and pros & cons.

First things first, Bitmex is short for Bitcoin Mercantile Exchange. It’s an advanced platform best suited for pro traders. Beginners in crypto trading would do well to garner experience from other simpler platforms. One distinguishing factor between Bitmex and other crypto exchanges is that the former only offers bitcoin futures trading services. Thus, traders are actually not trading bitcoin and other cryptos, but trading contracts/ derivatives with bitcoin as the underlying value. Bitmex also allows margin trading, also known as leverage trading. Records shows the exchange has a trading volume of over 35,000 BTC daily, with not less than $34 billion worth of BTC being traded since first transaction.

Let’s backpedal a bit, to explain some terms. Derivatives are contracts whose value is based on an underlying asset. Derivative contracts can be written on virtually anything, including bitcoin. Margin trading, or leverage trading is simply trading with borrowed funds, using the initial balance as collateral. For instance, a trader needs $5000 for a trade, but has $2500, he can then proceed with his trade via a 2:1 leverage. This means he gets to borrow an extra $1 for every $1 he has.

How it Works

Only BTC is allowed for deposits and withdrawals on the exchange. Although, on the exchange, there are trading contracts featuring other cryptos like Bitcoin Cash, Litecoin, Dash, Ripple, Zcash and a few others. Traders from the US are not allowed on the platform. But of course, some US based traders utilize VPN in order to bypass the IP checks. Contracts are valued in USD and two other fiat currencies: Japanese Yen and Chinese Yuan.

To get started, all that is required is a functioning email to which the account opening verification link will be sent to. Anonymous names are allowed, meaning there is no KYC. However, the complicated nature of the platform, coupled with the high risks involved in margin and derivatives trading, means those able to trade on the platform, are likely to be pros.

Once registered, one can begin trading, of course after depositing into the Bitmex account. Trading through the Market Order button means it is an instant trade using the current market price. Trading through the Limit Order button means the trade will be initiated once it is triggered by the market getting to the given price. As explained in details in a different article, Bitmex offers two types of leverage accounts on their platform. Futures account which has an expiry date, sometime in the future and perpetual account which is continuously being renewed. Leveraging on Bitmex allows for up to 100x leverage.

Fee Schedule BitMEX

Unknowing to many, Bitmex’s fees are actually on the high side. But at least, they are straightforward and not hidden nor subtle. Fees depend on the type of contract or the product. From as high as 5% for margin and maintenance, to as low as -0.25% for maker fees. No fees are deducted for deposits and withdrawals. Although, there is a minimum withdrawal amount and a minimum fee to be paid for blockchain load. Trading on Bitmex can only be done on a PC, as there is currently no mobile version, nor an app for the platform.

The Team

HDR Global Trading Limited is the holding company for Bitmex. HDR itself was founded by the trio Arthur Hayes, Ben Delo and Samuel Reed, former banker, trader and web developer. Yes, HDR happens to be an acronym for the first letters of their surnames. The trio registered the trading platform Bitmex in Seychelles in 2014, but currently operate out of Hong Kong.

Having such an experienced and skilled team behind the platform presupposes there is a strong security framework in place. This is a fact, considering there are security protocols in place such as multi-signature deposits and withdrawals process, text messages, emails and two-factor authentication features, and also, hardware tokens. Written in kdb+, a database and toolset used by major banks involved in high volume trading, Bitmex has held its ground and has never been hacked.

In today’s era of automated responses and chatbots, Bitmex customer support appears to be able to attend to traders within an hour. Feedback on their customer support is good. They also have other on site help like FAQs and trading guides.

All in all, Bitmex has several advantages, with the major disadvantage being that anyone considering braving Bitmex must be a pro trader, a beginner is likely to get rekt, if not careful. The platform’s trading sophistication is better suited for persons familiar with crypto trading. For those who like referral programs, Bitmex pays out millions of dollars annually to referrers.

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The Raven’s Dispatch – July 13, 2018 – $25 million stolen from Decentralized Exchange, Bancor

$25 million stolen from Decentralized Exchange Bancor

Hack Hacking Haxxors

Another day, another hack. It seems like no exchange is safe out there, not even the decentralized type. If you recall DEX Exchanges were supposed to offer greater security due to their decentralized set up. Guess the jury is still out on this one. Whatever your stance so many hackings have taken place it makes you wonder if these exchanges are doing too little to tighten security. Bancor was hacked, again, for $13 million after one of the their upgrade wallets was compromised. The vast majority stolen was Ethereum.

After raising $150 million in their ICO, you would think Bancor would have invested some of that in their security procedures. Read more about it below. Let’s get this dispatch rocking! (I’m trying new lead-ins, ok. Cut me some slack)

The top 5 looks like it’s locked in for the near future. The overall cryptocurrency market dropped week to week from $267bln to $249bln representing a 6% decrease in the past seven days. No drastic moves or bart patters this week even with the Bancor hacking news AND the mining hack. It’s been a rather poor week in the news cycle for our beloved crypto. Raven's Dispatch

Bitcoin (BTC): BTC struggled this week and nestled into the $6,200 support, for the time being. 2018 sucks y’all. This represents a drop of 4%, not bad considering the swings many crypto enthusiasts  are accustomed to.

Ethereum (ETH): It’s getting boring watching ETH do what BTC does. Week to week ETH sank 6% $439 as of this post. Ethereum continues to be the poster boy for a gre place to develop DAPPs but other chains and projects are catching up. With Caspers successful release to update Herrumbres economic consensus protocol, things seem pretty hum-drum here.

DASH (DASH): Dashcoin cryptocurrency was created on 18 January 2014 by its developer Evan Duffield and was originally released as XCoin (XCO).  In February of the same year (2014), the name was changed to “Darkcoin.” Moreover, on 25 March 2015, Darkcoin was rebranded as simply “Dash”. Quite the saga, huh?

As it stands, Dash users can now opt for full privacy in their transactions and remain completely anonymous, thanks to Evan Duffield. Dash has three main features: speed of transactions, masternodes and private send. As you can see in 2017 DASH reached all time hish peaking at $1,600 per DASH but like the entire crypto market has retraced to $226 as of this post. Can you imagine how much the Masternode owners must have raked in during that run? Well played to those that got in early and believed in the project.

If you want to know more about DASH check out our guide!

Dashcoin Lifetime


Win a FREE copy of ‘An Altcoin Traders Handbook’ – We are giving away 3 copies of Nik’s popular book  ‘An Altcoin Traders Handbook‘. How do you enter to win? Sign up for our newsletter and we will select three winner on Monday, July 16th, 2018. Do it! is launching a new decentralized Ethereum game – (OLY) is a new decentralized game in which users can interact by acquiring, improving and trading virtual cities.  It is a new decentralized game in which users can interact by acquiring, improving and trading virtual cities. Read on for more details!

Sleeping Giants of Crypto – While the January crash wiped a huge chunk of market cap off the map with aftershocks rippling through the marketplace ever since, there are a number of projects that have weathered the storm well and continue to show promise for the future. Is your favorite project on the list?

What Are Exchange Tokens? – A recent trend in the crypto space has seen exchanges listing their own custom cryptocurrency tokens, generally offering a trade fee discount when the tokens are used. Binance is often credited with kickstarting the trend into mainstream use with the highly successful BNB token, and other exchanges have followed suit. So how do all these tokens measure up, and what do they do exactly?

New Github Repository Catalogs Physical Bitcoin Attacks – Cryptocurrency hacks have always been a thorn in the side of crypto enthusiasts. It seems like we can’t go a few months without a major theft taking place.  Jameson Lopp, created an open source repository to catalog and list all known physical bitcoin attacks/thefts. Check it out, it’s fascinating stuff. And a lesson. Because if anything we here at Crypto is Coming want to share teachable mome….lol I can’t finish that.

Vitalik Buterin Says Centralized Exchanges Can Burn In Hell – Sassy. We love it. Outspoken Ethereum co-founder, Vitalik Buterin, has hit out at centralized exchanges, saying that he hopes they “burn in hell as much as possible” while speaking to John Evans of TechCrunch. He has mirrored the opinions of divisive self-proclaimed voice of cryptocurrency, John McAfee.

Check our Crypto Swag store on Teespring – We’ve got new designs, Go, consume, support Crypto is Coming. Kisses

Visualizing the ICO Explosion – The ICO market exploded in 2017. We saw Billions of dollars pour into crypto through this new crowdsourcing vehicle. Take a look at the infographics below from the crew at

Litecoin Foundation and TokenPay buy stake in WEG Bank AG – Litecoin founder, Charlie Lee, announced via twitter this morning that the Litecoin Foundation and Token Pay have entered into a partnership to buy a stake in German bank, WEG Bank AG. IN acquiring this stake, they hope to work on consumer driven cryptocurrency solutions for Litecoin and other cryptos.

Opera Launching A Browser With Built-In Crypto Wallet Functionality – Opera has announced that it is launching a new Android based browser that will incorporate a cryptocurrency wallet directly in the software. The browser will support the Ethereum Web3 API, and this function means that users will no longer have to open a separate browser to send and receive payments or check their crypto balance.

What Happens When The Bitcoin Reaches 21 Million And Mining Reward Runs Out? – Bitcoin transactions can only be verified by mining, a process in which powerful computers solve complex algorithms in order to add new blocks of verified transactions to the blockchain. What happens when there is no more reward? Check out our latest piece from Conor.

From Nick Szabo to Naval: The best crypto twitter threads of the week – We all know Cryptocurrencies are at the forefront of innovation in finance and tech. But the people involved in crypto are also leading the way, fighting in the intellectual battle ground that is crypto twitter to see which ideas gain strength and which die off.


Another hack rocks cryptocurrency trading: Bancor loses $13.5 million – The alleged hack has raised questions over the validity of the start-up’s “decentralized” system. This week, the start-up said that a wallet being used to “upgrade” smart contracts was compromised. This wallet was then used to withdraw $12.5 million in Ethereum (ETH), alongside $1 million in Pundi X (NPXS) and $10 million in Bancor Network Tokens (BNT).

Binance to Record $1 Billion Profit in 2018, Surpassing Major Banks – The cryptocurrency market has dropped by over 70% since the start of the year, but the world’s largest crypto exchange is still expected to rake in a hefty profit.

Ledger launches Ledger Live, the all-in-one companion app to your Ledger device – Ledger Live is a new all-in-one companion application for your Ledger device that runs on Windows, Mac and Linux. We’ve built Ledger Live from the ground-up to deliver a feature-packed, yet user-friendly experience for both power users and newbies.

Bank of Korea Says Cryptocurrency Poses Little Risk to Domestic Market – The Bank of Korea (BOK) recently announced that cryptocurrencies pose little risk to South Korea’s domestic market, Cointelegraph reported. The analysis comes in the wake of the institution’s publication of a report covering the influence of virtual currencies in the country’s financial industry.

Malta is Creating a Decentralized Bank with the Help of Binance – Binance is seeking to use Malta as the base for a new bank that will be owned entirely by cryptocurrency investors–the world’s “first decentralized, completely community-owned bank,” according to a Bloomberg report.

Robinhood Adds Bitcoin Cash & Litecoin Trading, Will Support Crypto Transfers – All aboard! Rapidly-expanding fintech unicorn Robinhood has added bitcoin cash and litecoin to the growing stable of cryptocurrencies that users can trade on the popular stock trading app.

100 Merchants Invited to Risk-Free Trial of Lightning Network – Did we ever mention we love of chain solutions? A few lucky merchants now have one less obstacle to accepting bitcoin payments via the Lightning Network.

Crypto is not a Bubble, Says Bernstein Analyst – Bitcoin is not a classic bubble, but still be ‘suspicious,’ says investing expert William Bernstein. Thanks the for advice, Will.

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