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SpankChain and Blockchain Tech: Freedom of Self-Expression

SpankChain has managed to differentiate itself from its ICO and actually deliver a stable, usable platform for many users. Since

The post SpankChain and Blockchain Tech: Freedom of Self-Expression appeared first on CoinStaker | Bitcoin News.

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SpankChain is not your typical startup. It’s actually centered around porn and it managed to raise $6 million for its ICO back in 2017. Maybe not being a typical startup or ICO is just what SpankChain needs to make it nowadays.

SpankChain has managed to differentiate itself from its ICO and actually deliver a stable, usable platform for many users. Since the site launched in April to late October, it has paid over $70 000 to over 30 camgirls. Some of the camgirls are actually making more on SpankChain than on any other porn site out there.

A camgirl by the name of River Sunshine said that she is in the business for over 5 years now. The model stated that working on 3 websites simultaneously earned her 6% of her current profits from a single month on SpankChain alone. Molly Mae Meow has been in the business even longer and she also makes way more money on the porn startup than on mainstream porn sites.

The key reason for camgirls getting so much money off SpankChain is that it charges only 5% of the models’ earnings. Traditional sites usually charge between 40 and 50%. Sunshine and Molly are now prime examples of how crypto can help camgirls take more of their earned money.

SpankChain gives users the option to become HODLers

The girls will usually cash out the SPANK tokens for weekly expenses and keep the majority of crypto as a long-term investment. If this same system was used by camgirls exactly one year ago, they would be making more in a day than the highest paid porn actresses. Even now, despite the very harsh market conditions, SpankChain has over 20 new performers signing up each week.

There are of course many questions about how legal everything is, especially in the United States. Ameen Soleimani, the CEO of SpankChain used to company’s public discord to assure users on their safety from regulators. He stated that there are absolutely no concerns about regulators hindering the growth of SpankChain’s ecosystem. That’s because the developers are keeping the token off major exchanges and they never discussed price appreciation for the token.

SpankChain’s CEO also commented that his company was not in any cotact with the United States Securities and Exchange Commission, but he would be more than happy to cooperate with them if the need ever arises.

The tokenized holdings however, are not the sole reason camgirls are joining SpankChain. Models having more control over their assets is great, but SpankChain also gives far more room for creativity. Mainstream porn sites, usually work with credit card processors and they ban many of the fetish performances like fake blood, roleplay etc. Models on SpankChain can do many such shows without any fear of being shut down.

Many performers were also affected by the SESTA-FOSTA bill, which passed through Congress earlier this year. So models on SpankChain are more than happy to have control over their own cash out process. The site’s system allows for instant access to funds due to not having to deal with credit card chargebacks.

One of the biggest benefits for performers is that they have freedom to shape their own shows. This means that even if they decide to do a reading or cooking show, no one can force them to do otherwise. The freedom and growth achieved in this sector alone is just a glimpse of what crypto can do for the entire world.

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The post SpankChain and Blockchain Tech: Freedom of Self-Expression appeared first on CoinStaker | Bitcoin News.

Source: https://www.coinstaker.com/spankchain-blockchain-freedom/

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Japan is the ‘leading candidate’ for Ripple’s new headquarters: SBI Holdings CEO

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Japanese financial giant SBI Holdings CEO Yoshitaka Kitao said that Japan is the most likely country Ripple will relocate to, should it leave the United States. 

At an Oct. 28 press briefing, Kitao stated that the blockchain-based payments firm “has made Japan the most promising candidate” for its new headquarters if Ripple makes good on its threats to move its San Francisco offices. SBI Holdings is a Ripple investor, while Kitao sits on the firm’s board of directors.

Both Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have expressed frustration at the lack of regulatory clarity in the United States. Earlier this month, Larsen stated the firm was considering moving to countries like the U.K., Switzerland, Singapore, or Japan, because authorities in the U.S. had a “regulation through enforcement” policy and were “woefully behind” in preparing for the cryptocurrency-based next generation of a global financial system.

According to a Bloomberg report on Oct. 22, Ripple shortlisted Japan and Singapore. Garlinghouse said at the time that he had spoken to SBI about using the country as a potential location for its headquarters.

“Japan is one of our fastest-growing markets, in part because we have key partners like SBI,” stated Garlinghouse.

SBI Holdings also announced today that Ripple had completed an investment in Japanese payments company MoneyTap, seemingly as part of its plans to integrate Ripple-powered settlements across ATMs in Japan. The integration is reportedly intended to provide consumers with easier access to funds at Japanese ATMs regardless of their banking affiliation.

Source: https://cointelegraph.com/news/japan-is-the-leading-candidate-for-ripple-s-new-headquarters-sbi-holdings-ceo

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Bitcoin Dominance Is Days Away From Triggering A 30% Rally Against Alts

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Bitcoin smashing through $12,000 gave the cryptocurrency enough momentum and energy to take out $13,000 and revisit last year’s highs. But while it did so, it caused altcoins like Ethereum, Chainlink, and dozens more to bleed out relative to BTC.

It has left alts in a precarious position, potentially about to be left for dead by Bitcoin dominance and a possible 30% rally from here.

Remember The Once In A Lifetime Great Recession of 2008. Within a few years, the underlying technology itself took new life in the form of altcoins, many designed to improve upon the original cryptocurrency in some way.

Ethereum added smart contracts, while Litecoin sought to improve speed and loosen up the tight supply slightly. Others were created to solve scalability.

Related Reading | Crypto Capital Manager Claims Failed Altcoin Promises Won’t Be Forgotten

No altcoins have been able to beat Bitcoin at its own game, but the allure of the next big thing in crypto caused a frenzy of FOMO after Bitcoin exploded to $20,000. The hyper-growth across the crypto industry in both capital and in total coins created, caused BTC dominance, a metric measuring the top crypto asset’s weight against the rest of the total crypto market cap, to dive.

A metric that previously never broke below 95%, within a year or two fell to 35% dominance. Ethereum gobbled up a significant chunk, along with XRP, and other top ten assets.

btc.d bitcoin dominance bb

Dominance could close above the middle-BB on two-week timeframes | Source: BTC.D on TradingView.com

BTC Dominance Poised To Wipe Out Alt Rally, Start Slate Clean In 2022

Nearly four years later, and now Bitcoin is on its way back up toward the highs it broke down from, and it could all happen with a two-week timeframe close above the middle-Bollinger Band.

A close above the moving average from which the two standard deviations are derived is a long or short signal. Note that the two previous closes above the middle-BB resulted in an over 30% climb each time. Closing below the middle-BB is what sent BTC.D off the deep end and kicked off the first-ever

TA roadmap shows path to peak in dominance before altcoin season returns | Source: BTC.D on TradingView.com

An inverse head and shoulders bottom on BTC.D peaked as the crypto bubble popped, and a breakout of the neckline took Bitcoin to the 2019 top where altcoins were decimated in its wake.

Related Reading | Crypto Analyst: Altcoins To “Tank” While Bitcoin Runs For All-Time High

Another 30% rally from the middle Bollinger Band that could result from a two-week close above the key level, would take BTC dominance to as high as 85%, coinciding with technical analysis resistance and support levels, as well as retesting a rising wedge pattern and forming the head on yet another reversal pattern.

btc.d bitcoin dominance bb

Combining TA with the technical indicator paints a bearish picture for altcoins | Source: BTC.D on TradingView.com

Combining the technical analysis patterns with the indicator shows how the price action between Bitcoin and altcoins could play out over the next year.

Bitcoin’s new bull run beginning and new all-time highs could cause alts to tank as analysts are expecting, but when it finally turns around in late 2022, another epic Source: https://www.newsbtc.com/analysis/btc/bitcoin-dominance-is-days-away-from-triggering-a-30-rally-against-alts/

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