Adult entertainment website Pornhub has added a new cryptocurrency payment option after PayPal had abruptly stopped servicing its models in late 2019. According to a Jan. 23 blog post, Pornhub now supports Tether (USDT) — a major United States dollar-pegged stablecoin — to allow instant and zero-fee payments via the crypto wallet and browser extension TronLink. Pornhub supports Tron-based USDT TronLink is a native wallet for Tron (TRX), the 12th largest cryptocurrency by market cap that is backed by the Tron Foundation. The USDT token became available on the Tron network after Tether and the Tron Foundation partnered and released …

United States law enforcement agencies have analyzed Bitcoin (BTC) transactions to locate and shut down a global child pornography site. Per an Oct. 16 press release, the U.S. Department of Justice announced the shutdown of the largest-to-date child sexual exploitation market called Welcome to Video which was operated by South Korean national, Jong Woo Son. The site offered child pornography videos for sale using Bitcoin. Crypto brings authorities closer to catching criminals To trace Bitcoin blockchain transactions and identify users, IRS-Criminal Investigations (IRS-CI), Homeland Security Investigations and other agencies applied software provided by blockchain analysis company Chainalysis. IRS-CI Chief Don …

Ethereum-based adult entertainment platform SpankChain has launched a cryptocurrency payments processor together with two new partners. An announcement published on July 31 reveals that the new service — dubbed SpankPay — is being launched with its first two integration partners: the adult entertainment industry fan platform JustFor.Fans and SkypPrivate, an anonymity-focused service that connects models and their clients via Skype and Discord. The Adult Entertainment Space Goes Blockchain SpankPay will enable users to use a host of cryptocurrencies — including BTC, ETH, LTC, Zcash, Monero and others — for instant transactions and 1-click purchasing for adult products and entertainment, and …

Because of its pseudo-anonymous, censorship-resistant nature, cryptocurrency has become a popular payment method in the adult entertainment industry. Porn sites, webcam sites and online sex shops have been using crypto to reduce their dependence on traditional payment services, which often impose restrictions and high transaction fees on these kinds of businesses — which are considered to be high risk. Sex performers, who often struggle to set up regular bank accounts, can receive crypto payments directly from their clients, counting on the immutability and censorship resistance of blockchain technology. Also, from the customer’s perspective, crypto is a more discreet way to …

Tron founder and CEO Justin Sun denied illegal fundraising, porn transaction facilitation, gambling and money laundering accusations in a post on Chinese social media platform Weibo published on July 23. Chinese media accuses Tron founder of money laundering Earlier today, Chinese media 21st Century Business Herald claimed in an article that unspecified sources informed its reporters that Justin Sun is still on Chinese territory. The website also cites concerns over alleged pornography-related transactions in his Peiwo social media, fundraising and gambling. The outlet further suggests that Sun cannot leave the country, and this is the real reason why Sun decided …

Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal transactions is shrinking, according to a report by Bloomberg on July 1. As per the report, the total flat value of BTC spent on illegal activity so far this year is thought to be $515 million. The research suggests that by the end of the year, this figure will double to reach $1 billion. However, the amount of BTC spent on illegal services as opposed to legal …

Canadian adult entertainment streaming website Pornhub has announced a partnership with cryptocurrency payment and billing startup PumaPay to enable its users payments in cryptocurrencies, according to a tweet August 23. Pornhub is now accepting PumaPay, with its “unique” pull payment protocol that will allow users automatically pay for their subscriptions, including PornHub Premium. PornHub promoted the partnership with a YouTube video entitled “Pornhub and PumaPay Save the World.” The move follows a similar agreement with cryptocurrency Verge (XVG) completed in April. The partnership with Verge allows customers to pay with the coin for Pornhub Premium and all purchases within the …

As the Los Angeles Times reported on Aug. 14, Playboy — one of the pioneers in global erotica — is suing the Canadian firm Global Blockchain Technologies (BLOC), claiming that it failed to integrate blockchain technology into Playboy’s online media channels. Playboy Enterprises has filed a lawsuit in the Los Angeles County Superior Court, and the accusations include fraud and breach of contract, which the two companies drew up in March. BLOC representatives dismissed the lawsuit as a “normal dispute” between the two businesses, rejected the charge of fraud as “frivolous” and claimed it has “a strong defence to the …

StormyDaniels.com will now be accepting the Vice Industry Token (VIT) as payment for viewing the website’s premium adult video content, PR Newswire reports today, May 25. The Vice Industry Token raised $22 mln in Ethereum (ETH) in 24 hours during its Initial Coin Offering (ICO) in February. The token, which can be earned by watching and interacting with videos on StormyDaniels.com and other sites on the VIT network, can then be used to purchase premium content across the network. CEO of Vice Industry Token Inc. Stuart Duncan said of the move to accept VIT that "even Stormy Daniels understands the …

Cindy Gallop is the founder of MakeLoveNotPorn, a site dedicated to establishing the difference between porn and “real world” sex, while further enabling people to share and profit from their own lovemaking videos. It’s been the “profit” part that has her considering Bitcoin. Gallop finds that necessities like VC funding, bank accounts and video streaming platforms usually read “no adult content” in the small print. As many business owners do, Gallop is cautiously and slowly approaching the Bitcoin space. We thought we’d reach out to her and give her a warm crypto welcome. Cointelegraph: What did you see or experience …