Pornhub Avoids Indian Adult Sites’ Ban Using Different Domain

Last week, the government of India instructed telecommunication companies to block 827 adult sites, including Pornhub, one of the largest sites for adults. In response, Pornhub launched a new site specifically for its Indian users – pornhub.net.

According to the annual Pornhub survey in 2017, India is the third largest consumer of X-rated content. The company’s vice president, Corey Price, said that watching such video content is not illegal in the country, and she is ready to negotiate with the government to find a middle ground:

“This is apparent by the fact that they only banned large sites like Pornhub’s, and didn’t block thousands of risky porn sites that may contain illegal content,” Price said.“For the government to ban sites like ours that have compliant parental controls, a non-consensual takedown page and a strict Terms of Service is a disservice to the people of India, who have become one of the largest connoisseurs of adult content.”

We would like to remind you

Pornhub Viewers Are Not Really Keen on Cryptocurrency

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Investors Lost $135 Million Due To OKEx’s Decision To Close BCH Futures Too Early

OKEx upset its customers once again, this time the crypto exchange cancelled their investments too early, as a result, they lost quite impressive amount of money – $135 million.

These investments include Bitcoin Cash futures; OKEx has implemented such investments recently, however, they were not approved by any regulated business.

The exchange took all the measures due to Bitcoin Cash hard fork last week:

“Due to the upcoming hard fork, strong volatility is observed in the BCH spot and futures markets. We expect an even greater volatility…The final outcome of the BCH hard fork is still unpredictable, and so are the responses of other constituent exchanges to the new forked coins.”

Nevertheless, the disruption happened and caused drastic drop in cryptocurrencies’ prices. The Hong Kong-based OKEx decided to deliver the contracts before their due dates. It caused losses to some investors. According to Bloomberg, Qiao Changhe, one fund manager, lost $700,000.

We remind you

Bitcoin Cash: Overview, Advantages and Disadvantages, Details of The Hard Forks

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptocurrency Prices Today, November 20: BTC Collapsed below $4500, Bitcoin Cash Lost 44% of Its Cost

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 15.72% over the past 24 hours. The price at the time of writing is $4505 per coin, but it remains quite volatile and decreases to the $4300 price point from time to time.

The rest of  cryptocurrencies are rapidly declining:

Bitcoin Cash lost 44% over the past 24 hours and costs $242 per coin;

Ripple minus 4.58% and costs $0.44;

EOS lost 14%, and its price is $3.69;

Litecoin fell by 14.37%, and its rate is $32;

Cardano lost 15.97%, and its value is $0.045;

Stellar dropped by 15.36% and is $0.19 in price;

IOTA decreased by 17%, and its cost is $0.41;

Dash lost 14.10%, and its price is $103;

Monero collapsed by 16.60% and costs $67.

Over the past day, Ethereum lost 16.15% and continues to decline in price. The cost of the coin is $133.

The total market capitalization dropped significantly to $145 billion. Bitcoin accounts for 53.6% of the total amount. In monetary terms, the volume fell to $78 billion.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

The Forecast of Bloomberg Analysts: Bitcoin Rate Will Drop to $1 500

Bloomberg Intelligence analysts claim, that at the moment Bitcoin has not yet established the final anti-record, but only “continue to fall”.
According to their forecasts, the rate is expected to fall to $1 500, which is 70% less than the current rate – $5 140 (at this point).

As one of the reasons for the fall of the course, the  publication notes the hard fork Bitcoin Cash network. After it the largest scale collapse of the cryptocurrency rate occurred, which was the beginning of the “boring life for Bitcoin” and inspired several industry experts to make forecasts.

Travis Kling, founder of the hedge fund Ikigai, made an assumption, that in the future BCH hard fork will no longer affect the market:  

“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”

Bloomberg Intelligence analyst Mike McGlone gave a forecast for two versions of Bitcoin Cash, namely that because of them the investments of depositors and miners will continue to provoke a way out of rates to increase and further decline in market quotations.

The president and the main investment specialist of Creative Planning, Peter Mallouk, drew the attention of the crypto community to the financial result of the III quarter of  the GPU manufacturer – NVIDIA. Mining products of the company are losing its relevance, which is according to the analysts, signals about the deterioration of the whole cryptocurrency market in general.     


“The drop in the stock price of Nvidia is reflective of a future where cryptocurrency fueled demand has cratered,” said Peter Mallouk, president and co-chief investment officer of Creative Planning, in an email. “While this is, of course, bad news for NVIDIA, it is really the canary in the coal mine for Bitcoin and other cryptocurrencies.”

We want to remind you, that the founder of Fundstrat Global Advisor, Tom Lee, is optimistic about the future of the world’s first cryptocurrency. At the beginning of the year, he made a prediction, in which Bitcoin will reach the $25 000 by December. However, in July Tom made an adjustments , changing the estimate rate by $22 000. Early in November, the forecast was changed again to $15 000. Eventually,  BTC should grow by more than 170% in a short term.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Poloniex Crypto Exchange Adds 6 USD Coin Trading Pairs

One of the major crypto exchanges in the world, Poloniex, decided to implement six more trading pairs which include Goldman Sachs-backed stablecoin USDC.

Users can trade the following trading pairs since November 16:

XRP/USDC
XMR/USDC
STR/USDC
DOGE/USDC
LTC/USDC
ZEC/USDC

Moreover, Poloniex claimed in its blog post that it had become the first crypto exchange to offer users the ability to trade tokens linked to Bitcoin Cash (BCH): Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC).

We want to remind you that such crypto exchanges as OKEx, Huobi, BitPay, Coinbase, Binance have already listed USDC stablecoin on their listings.

The Stablecoins: What Is It and Why Is It So Popular Now?

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

SIM Swapping Has Become One of the Most Popular and Dangerous Types of Crypto Hacking Attacks

Hackers never sleep. They always come up with new ways to steal money, and when they find a good method, they stick to it. Recently, this has been the case for SIM swapping, an attack which can illegitimately get hold of cell phone users’ personal info and result in great money loss.

According to REACT Task Force, an organization that is fighting with crimes online, such type of attack has become so widespread due to its simplicity and efficiency, in other words, it is easy to pull off and it can bring a lot of money.

A representative of REACT mentioned:

It’s probably REACT’s highest priority at the moment, given that SIM swapping is actively happening to someone probably even as we speak right now.”

SIM swapping has already caused a couple of scandals involving major mobile providers in the US. We remind you:

AT&T and T-Mobile Are Sued by the People Affected by the Sim Swapping Hacking Attacks

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Are Crypto and Blockchain Jobs Still Relevant?

As it may be seen from the statistics taken from the job search site Indeed.com, the popularity of crypto-related jobs has begun decreasing as the hype over cryptocurrency slowly but surely fades away.


Source: Indeed.com

According to the graph, the employee’s interest in crypto jobs (blue line) has remained pretty much the same as one year ago, but did drop significantly compared with the November and December of 2017. As for the employer’s interest (red line), it has stayed quite stable, however, it is also starting to decline.

Crypto industry is a sphere where real specialists can get quite decent salaries. Hopefully, as the market stabilizes, the demand of jobs will increase as well.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/