Vice Industry TokenVice Industry Token VIT news

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Playboy files a lawsuit against blockchain company over Vice Industry Token [VIT] dispute

Playboy, an American adult lifestyle magazine, has reportedly sued a Canadian blockchain company, Global Blockchain Technologies [GBT] under the accusation of breach of contract and fraud. According to the case filed, the blockchain company did not integrate blockchain technology on Playboy’s online portal. The case has been filed with the Los Angeles County Superior Court. Reportedly, the company entered into the agreement with Playboy in the month of March. The main agenda of the agreement was to implement a technology with which Vice Industry Token [VIT] could be accepted on the adult magazines online portals. The adult magazine had announced that they were looking into creating an online payment wallet for cryptocurrencies. The company was supposedly going to be the first to launch a wallet which supports cryptocurrency. This would have enabled Playboy to accept payments with cryptocurrency and mainly, Vice Industry Token. Vice Industry Token [VIT] aims to reward consumers to earn from consuming content which is free online. They have partnered with various adult industry players like DDBusty, StormyDaniels, AnalX. The most recent collaboration of the platform is Tube8. VIT has lost over millions of cryptocurrency because of the partnership between Playboy and GBT. On the topic of the feud, the CEO of VIT, Stuart Duncan stated that he is “very disappointed with Playboy”. He said that the adult industry company did not reach out to them for tokenizing their online portals even after providing them with millions of tokens. The CEO further adds that “maybe” they have a reason for a lawsuit against Playboy as the company had provided them with tokens which is almost equal to millions of dollars and there was no benefit from doing so. Duncan said that he has no knowledge regarding the details of the agreement between Playboy and GBT Playboy also claims that the blockchain company has not paid around $4 million which was also a part of the agreement. The adult magazine company has filed the lawsuit claiming for compensation. However, GBT has dismissed all the allegation of the fraud calling it, “frivolous” and states that the dispute as a normal dispute amongst the companies. Recently, Pornhub and Brazzers announced that they would be accepting Verge [XVG] as a mode of payment from their customers. Following which, the leading adult industries announced that they will also be accepting Tron [TRX] for payments. The post Playboy files a lawsuit against blockchain company over Vice Industry Token [VIT] dispute appeared first on AMBCrypto.
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Pornhub’s Tube8 Brings Porn to Blockchain by Rewarding Viewers with Vice Industry Token

Porn Site Tube8 Will Pay You Crypto for Watching Porn It could be the best news in the history of the internet. Pornhub subsidiary Tube8 just announced plans to pay users crypto in exchange for watching pornography. With over 150 million page views per month, Tube8 is one of the leading websites in the Pornhub family. Now, Tube8 wants to reward your porn-viewing habits with cryptocurrency. To do that, Tube8 is moving its entire platform on the blockchain. The news comes from Hard Fork, a subsidiary of The Next Web, which claims to have received an exclusive note. “…the company revealed it has entered an agreement with Vice Industry Token (VIT) that will see its platform entirely tokenized. The collaboration will enable users to earn VIT tokens for streaming and interacting with Tube8 videos.” Tube8 is expected to implement VIT into its ecosystem before the end of 2018. If successful, the implementation would make Tube8 the first major adult platform to adopt a token-based reward system and legitimately reward its users for watching pornography. You know there’s a catch. Of course there’s a catch. So what’s the catch? What’s The Catch? “For as long as I can remember, getting paid to watch porn was always a pipedream; one that was always dreamed about, but never fully realized,” Tube8 spokesperson Robin Turner told Hard Fork in their exclusive interview. “Now however, with the introduction of VIT, we are marking a paradigm shift in how people consume adult entertainment,” Instead of forcing users to pay money to consume content, Tube8 will pay users to consume free content. The more porn you watch, the more money you’ll earn. What’s The Catch? Tube8 has not yet released details of the program or how it will work. However, we expect there to be one big catch: the platform would likely set certain reward limits to prevent users from gaming the system for profit. However, Tube8 claims there won’t be a “catch” in terms of spending and using the Vice Industry Token. There won’t be any additional fees, for example, or high minimum withdrawal limits that would prevent users from accessing their legitimately-earned tokens. So why would Tube8 and Vice Industry Token partner? How is anyone earning money in exchange for you watching porn? Well, it’s important to note that you’re not getting paid money. You’re getting paid Vice Industry Tokens, which are arbitrary digital tokens created on the VIT blockchain. Their value is derived entirely from what people are willing to pay for the token. If Tube8 and VIT give away too many tokens, and the token reward system is unlimited, then the tokens will quickly lose their value. Tube8 and VIT also expect the token-based incentive system to foster interaction within the community: “VIT offers Tube8 a way to reward their viewers by monetizing content through the VIT protocol,” Tube8 told Hard Fork in the interview. “Whereas before users would log in, watch a few videos and leave, VIT incentivizes them to create an account and interact with the content to generate Vice Tokens.” Anyone will be able to earn VIT and anyone will be able to buy VIT. It will be the first token designed specifically to tokenize the consumption of adult content on tube sites like Tube8. This Isn’t The First Major Partnership Announced by Vice Industry Token Vice Industry Token (VIT) has previously made headlines across the adult entertainment community. Earlier this year, VIT collaborated with Stormy Daniels, the former porn star and current stripper who was famously bribed by Donald Trump’s legal team to keep quiet prior to the 2016 election. Vice Industry Token’s team also made headlines when Playboy announced plans to integrate the token back in May. However, Playboy’s plans for VIT implementation later fell through. In fact, Playboy has filed a lawsuit against the team that was scheduled to implement VIT into Playboy’s ecosystem – Global Blockchain Technologies (BLOC). Tube8 has 10 million registered users and 150 million page views per month. It’s one of the largest and best-known tube sites on the internet today. By combining the tube site with cryptocurrency, Vice Industry Token’s team could have a home run. Does VIT Have The Capacity For Tube8’s Traffic? Tube8 has 150 million monthly visitors. Does Vice Industry Token have the capacity to handle this type of traffic? Does any blockchain have the capacity to handle the monthly load of a porn website? Ethereum, for example, can handle just 15 transactions per second, while BTC can handle about 7. That’s far fewer than what’s needed on a website like Tube8. Vice Industry Token has plans to scale to accommodate modern adult entertainment websites. The development team plans to migrate to a forked version of the Steem blockchain (Graphene), which can purportedly handle 100,000 transactions per second. The VIT token itself, meanwhile, is an ERC20 token on the Ethereum blockchain, which means it’s unlikely to be able to handle the capacity of Tube8 in its current form. The VIT development team will need to solve these problems going forward. Fortunately, the VIT Steem blockchain hard fork is in active development. The team is working to make it bug free before migrating the token to the VIT mainnet. Which Tube Site Will Be Next To Implement Crypto? Tube8 is a subsidiary of Pornhub. If token integration is successful on Tube8, then it’s not a stretch to suggest that the entire Pornhub network could be next. That network includes major names like YouPorn and RedTube, along with the flagship website Pornhub. That could potentially represent enormous traffic on the VIT network. Tube8 amasses a modest 150 million monthly visitors. YouPorn, however, brings in almost 360 million monthly visitors. RedTube has 510 million, and Pornhub gets a whopping 2.8 billion monthly visitors. Final Thoughts The porn industry has long been one of the earliest adopters of new technology – including virtual reality technology and even 3D technology. Porn famously fueled VHS adoption back in the 1970s, then did the same with DVDs in the 2000s. It shouldn’t be a surprise that a major porn website would be the first to create a blockchain-based rewards system. If cryptocurrency is going to go mainstream, then we need the porn industry – and Tube8’s adoption of Vice Industry Token (VIT) could be the first step.
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Pornhub Partner Site Tube8 Announces Partnership With Vice Industry Token

Tube8, a Pornhub subsidiary with over 150 million page visits every month, wants to incentivize consumers’ porn-watching habits with cryptocurrency. The company revealed it has entered an agreement with Vice Industry Token (VIT) that will see its entire platform tokenized. The collaboration will enable users to earn VIT tokens for streaming and interacting with Tube8 […] The post Pornhub Partner Site Tube8 Announces Partnership With Vice Industry Token appeared first on Hacked: Hacking Finance.
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Cryptocurrency and Blockchain - Industry News (02.15.19 - 02.22.19)

Total Market Cap, as of 02.21.19 at 5:30pm (PST): $133,778,212,242 (+11.11% from last week) Missed last weeks update? Click here STORY OF THE WEEK •A developer in the community released Tippin.me, a Chrome and Firefox browser extension that enables Bitcoin (BTC) tipping on Twitter via the Lightning Network. CRYPTOCURRENCY EXCHANGES •Binance launches the test-net of its allegedly decentralized exchange, Binance DEX. Users can now manage their own private keys and the associated wallet. •Binance de-lists 5 projects – CloakCoin (CLOAK), Modum (MOD), Salt (SALT), Substratum (SUB) and Wings (WINGS). •Huobi.com lists 3 projects – Stellar Lumens (XLM), Monero (XMR) and Steem (STEEM). •Coinmama, a Slovakian based exchange suffers a security breach which leaked 450,000 user email and passwords. •KuCoin releases version 2.0 of its platform. The update introduces new interfaces across the web and mobile applications, additional 2FA options and order types for users. REGULATION •The U.S. state of Wyoming passed 3 bills that involve digital assets. Digital assets owned by consumers are now categorized as intangible personal property. Banks can now issue digital custodial services and issue securities in tokenized forms, provided they comply with accounting, control and other standards. •The U.S. Securities and Exchange Commission (SEC) settles unregistered securities charges against Gladius Network, whom have conducted an ICO near the end of 2017. There is no penalty as a result of self-reporting. •$430,000 USD worth of cryptocurrencies seized by Belgian law enforcement will be auctioned off on Feb.28 at 12:00pm GMT by Wilsons Auctions – the largest auction company in the UK and Ireland. •The Central Bank of Bahrain’s (CBB) is launching a regulatory sandbox for blockchain and crypto companies. This will allow firms to test solutions and expedite new companies entrance into the market. •2 Bitcoin ETF’s registered by financial firms VanEck/SolidX and Bitwise await approval from the U.S Securities and Exchange Commission (SEC). This kicks off a 45 day countdown to an initial decision. TECHNOLOGY •Samsung’s flagship phone, the Galaxy S10 will introduce “Samsung Knox”, a hardware security feature to store private keys for blockchain applications. •Facebook’s CEO Mark Zuckerberg considers utilizing a blockchain to allow users to login to other sites without going through an intermediary on its existing “sign-in with Facebook” feature, dubbed Facebook Connect. INSTITUTIONALIZATION •Eurex, a derivatives exchange operated by German financial giant Deutsche Boerse is looking to launch futures contracts tied to digital assets such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). •Latin America’s largest investment bank Banco BTG Pactual SA is releasing its own blockchain-based security token dubbed “ReitBZ”. The token’s value is backed by real estate assets within Brazil. PEOPLE •Ethereum loses Afri Schoedon, a core developer for the open-sourced project since 2015. •TrueDigital, a provider of institutional products for digital assets hires Thomas Kim – previously COO of Bridgewater Associates. Bridgewater is a U.S based asset management firm with currently $124.7 billion USD under management. •Digital Asset, a distributed ledger company for financial services loses head of business for Europe, Oliver Hugh-Jones. Key executives continue to depart from the firm. TWITTER •@jack – “I hooked [tippin.me] up and already got tipped some satoshi’s.” •@alecziupsnys – “Taxi reform didn't come from taxis, but from Uber. Hotel reform didn't come from hotels, but from AirBnB. Finance reform didn't come from banks, but from Bitcoin.“ •@cryptoshillnye – “We are either really early or really stupid. $crypto” •@jackdwagner – “If your boyfriend needs to be taken down a notch just start casually asking him how his bitcoin is doing.”
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Dogecoin / USD Technical Analysis: Failing To Capitalize

Dogecoin is neutral in the short-term after the recent rally in the pair failed to break above a former key swing-high DOGE / USD is bearish in the medium-term with price still trading below the neckline of a sizeable head and shoulders pattern Large amounts of bullish MACD divergence seen on the daily time frame Dogecoin / USD Short-term price analysis   In the short-term, Dogecoin is neutral due to the pair failing to move above a former key swing-high during its most recent upside rally. The cryptocurrency is starting to turn lower in the near-term, although price is still above the pair’s 200-period moving average on the four-hour time frame. Technical indicators on the mentioned time frame are turning lower with further scope to push the DOGE / USD even pair lower.     DOGE / USD H4 Chart                                                                         (Source: TradingView)     Pattern Watch The recent rally has created a bullish inverted head and shoulders pattern on the four-hour time frame, which should be monitored closely over the short-term.   MACD Indicator The MACD indicator is trending lower on the four-hour time frame with a bearish crossover underway.   Relative Strength Index The RSI indicator has turned bearish, with push bears taking control below the neutral line. Dogecoin / USD Medium-term price analysis   Dogecoin remains bearish over the medium-term, with buyers unable to move price above the neckline of a large head and shoulders pattern on the daily time frame. A long-term technical bottom has yet to be confirmed in the cryptocurrency, as price remains relatively close to the pair’s multi-year trading lows, despite the broader market rally. Interestingly, Dogecoin is showing bullish MACD divergence on the daily time frame from November of last year.     DOGE / USD Daily Chart                                                                         (Source: TradingView)     Pattern Watch The bearish head and shoulders pattern is the major theme to watch on the daily time frame.   MACD Indicator The MACD indicator remains neutral and is currently failing to generate a clear trading signal.   Relative Strength Index The Relative Strength Index has recently started to recover after an extended period of downward pressure. The indicator is showing that bullish momentum is growing across the daily time frame. Conclusion   Dogecoin is likely to remain under slight downside pressure over the short-term, while its medium-term outlook is decidedly bearish as buyers continually struggle to stage a rally above the neckline of the head and shoulder pattern. Some caution is advised in the medium-term, especially if the broader cryptocurrency market continues to trade higher, as Dogecoin shows a sizeable amount of bullish MACD price divergence that has yet to be reversed on the daily time frame.   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Dogecoin(DOGE) Price $0.0020 Market Cap$241,941,083.92 #ccpw-ticker-24522 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24522 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24522 a.tabperiods.tabperiods_active, #ccpw-ticker-24522 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24522 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24522 .coin-container:after, .ccpw-container_four #ccpw-ticker-24522 .coin-container:after {border-color:#ccc !Important;} Join the conversation on Telegram and Twitter!   Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post Dogecoin / USD Technical Analysis: Failing To Capitalize appeared first on Crypto Briefing.
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Latin America’s Biggest Investment Bank Launches Security Token

Banks once refused to work with blockchain companies in Brazil. Now, BTG Pactual, Latin America’s largest standalone investment bank, is launching a security token of its own. A Wave of Change in Brazil There seems to be a wave of change happening in Brazil. Bitcoinist reported just a few days ago that Santander Bank was ordered by a Court to keep open Bitcoin Max’ checking account. Banks that were once hesitant to work with cryptocurrency exchanges are being forced to eat humble pie. That marked a small victory for the cryptocurrency space in this part of the world. And now, it seems that financial institutions here are realizing the worth of digital assets within their own portfolios. Banco BTG Pactual SA Is Leading the Way Brazil’s Banco BTG Pactual, the largest standalone investment bank in the region, has announced that it will be entering the cryptocurrency space with its own security token, the ReitBZ. With a plan to raise up to $15 million in its token sale, STO, initial offering, or whatever terminology you prefer, the bank will launch a security token backed by distressed real estate assets in Brazil. The ReitBZ token will use blockchain technology. And investors will be able to buy it using the Winklevoss twins’ Gemini Dollar or ETH. The token is indisputably a security token since investors will receive dividends periodically from the recovery of the distressed assets. Hold Up, What Are Distressed Assets? A distressed asset is one that is put on sale at a reduced price because its owner has been forced to sell it. This may be due to excessive debt, bankruptcy, or regulatory constraints. And it’s especially common when it comes to real estate, a market in which during times of financial crises, people often fail to make their mortgage payments. Distressed assets are an excellent opportunity to buy into a devalued asset and make gains as the market recovers. They’re not so awesome for the person forced to sell, of course, but this is capitalism, after all. The BTG distressed real estate assets will be managed by a BTG subsidiary called Enforce. The ReitBZ token will be available worldwide. With the notable exception of the U.S. (surprise, surprise), and Brazil. Wait, so investors around the world will be able to profit from the rising housing crisis in Brazil–but not the Brazilian people themselves? Right. How’s that for messed up? BTG, however, assures that once the regulatory landscape clears up in Brazil, the ReitBZ will be open to its country’s citizens and maybe even the United States as well. The Opportunity for High Yearly Returns According to the bank, investors can expect yearly returns from these assets between 15-20 percent. Moreover, BTG will be providing market-making services for its token to ensure that investors have sufficient liquidity to sell when they want to. CTO Gustavo Roxo told Bloomberg: BTG is deploying its own capital to provide liquidity because it really believes in the crypto business… We came up with this structure because we think investors in the digital world have a higher risk-taking appetite. By using a crypto asset, BTG can maximize returns from its distressed assets and allow investors to enter the market in a cheaper way. The initial sale period of ReitBZ will last for approximately 90 days and proceeds will be reinvested into the portfolio. Banks and Cryptocurrencies Starting to Gain Momentum The announcement comes off the back of the news last week that JPMorgan became the first U.S. bank to launch its own ‘cryptocurrency.’ With CEO Jamie Dimon well-known for ‘Bitcoin bashing’, JPMorgan introducing its own digital coin to accelerate payments was a shock to many in the industry. However, JPMorgan and BTG are not the only horses in this race. It seems that the banks haven’t been falling asleep at the wheel when it comes to cryptocurrency after all. Japanese Mitsubishi UFJ Financial Group started working on plans for their own token back in 2016. And now Brazil has stepped up to the plate. BTG’s partner and initiative head of the ReitBZ Andre Portilho said: We knew we needed to dominate this technology, so we started experimenting with it a few years back… We thought Bitcoin and other currencies were turning too volatile, but we saw an opportunity with this token to try something new–but also with our skin in the game. The question now isn’t whether other banks will launch their own digital currencies, but rather which ones? Will more banks follow with their own virtual currency? Share your thoughts below! Images courtesy of Shutterstock The post Latin America’s Biggest Investment Bank Launches Security Token appeared first on Bitcoinist.com.
Bitcoinist

Korea Exchange Official: US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market

Korea Exchange Official: US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market An official at South Korea’s sole securities exchange operator, the Korea Exchange (KRX), says the bourse is closely eyeing developments from United States regulators in regard to Bitcoin (BTC) exchange-traded funds (ETFs). The official, reportedly speaking on condition of anonymity, […] Cet article Korea Exchange Official: US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market est apparu en premier sur Bitcoin Central.
Bitcoin Central
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