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Forget “quid pro quo.” Democrats are using a new word: “bribery.” House Speaker Nancy Pelosi said Thursday that President Trump is guilty of exactly that in his dealings with Ukraine, reports Politico . The New York Times sees the usage as significant because bribery is spelled out in the Constitution as…
The Senate on Thursday voted to confirm Trump nominee Steven Menashi to a federal appeals court despite fierce opposition from Democrats.
Reality TV got quite real Wednesday night during a double episode of Survivor , with an unexpected dose of #MeToo. People reports on the “major scandal” to touch the CBS show involving contestant Dan Spilo, a 48-year-old Hollywood talent manager, and some of his fellow tribe members. Multiple contestants accused Spilo…
On November 14, the leading adult video sharing site on the internet, Pornhub, revealed that payment processor Paypal has blocked the company’s live performer payouts. In a blog post written on Thursday, Pornhub recommended alternative payments like writing a check or using the digital currency verge.
Paypal Blocks Pornhub’s Live Performer Payouts — Crypto Advocates Suggest Accepting More Digital Currencies
The adult entertainment web portal Pornhub is having issues with the payment processor Paypal. Pornhub has revealed Paypal has blocked model payouts for live performers who leverage the site’s platform. The company announced the issues using Twitter and a blog post that describes what payment methods are offered for live models. “Our currently available payment methods are Paxum, check, verge cryptocurrency and direct deposit,” explains Pornhub’s post. The adult site also explains in the notice that in order to accept verge (XVG), models need to obtain an XVG accepting wallet. On Twitter Pornhub wrote:
Urgent: Paypal has stopped all Pornhub model payouts. If you had PayPal as your payout method please change to direct deposit/SEPA, or payment by check in your settings.
After the Twitter announcement and blog post, the price of XVG saw a small rise in value but the cryptocurrency is down 2.5% today and 9.4% for the week. In response to Pornhub’s Twitter post, many crypto community members used the opportunity to ask the company to accept more digital currencies like BCH, BTC, and ETH. One BCH supporter wrote: “Bitcoin Cash is there to help you and your customers.” “All models should contact Brenna Sparks to help them accept crypto payments,” another person tweeted.
For years now many cryptocurrency advocates have proposed that the adult industry combines forces with the crypto industry. Last spring Pornhub started accepting XVG but also told the public it would also accept ZEC and TRX. Since adding verge to the payment support list, reports detailed last year that only 1% of purchases are made using XVG and the other alternatives (ZEC, TRX) are not yet supported.
Financial Incumbents Have Been Blocking the Adult Industry for Years — Censorship-Resistant Money Is Needed
Paypal and other major credit card companies have been blocking sex workers and applications that help them get paid for years now. In 2014, the porn star Teal Conrad was banned from Paypal immediately after a slew of other adult industry stars were also barred from using financial institutions like Chase. A few users on Twitter mentioned that Pornhub should have fought harder against SESTA/FOSTA, a U.S. Senate and House bill that became law on April 11, 2018. “Gee, if only Pornhub used their massive budget to lobby against SESTA/FOSTA and fight for credit card companies to stop putting pressure on apps to ban sex workers maybe this wouldn’t have happened,” a user replied to Pornhub’s Paypal blockade tweet on Thursday.
Digital currency advocates have been slowly penetrating the adult industry to a degree and a few porn stars have promoted crypto on various occasions as well. According to a market research report created by the adult film studio Vogov, around 470 adult video sites have exposure to digital currencies. In the overall scheme of the massively lucrative porn industry, that doesn’t even scratch the surface. As more pressure from financial incumbents rises against the adult industry, the friction may push other leading firms and performers toward censorship-resistant cryptocurrencies.
What do you think about Paypal blocking Pornhub’s live performer payouts? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Pixabay, Pornhub, and Twitter.
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Scientists in Canada have developed a sensor that detects and raises the alarm when children or pets are left alone in a car.
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The Attorney General of the U.S. state of Ohio has assessed the state’s crypto program and concluded that it is a legal violation of state law. The state’s former treasurer skirted the law to launch a website that allowed 23 types of tax payments in cryptocurrency ahead of other states.
Ohio’s Crypto Program Violates State Law
The U.S. state of Ohio made headlines last year when it began accepting cryptocurrencies for 23 types of tax payments. The crypto program was launched by former Treasurer Josh Mandel before he left office. He set up the Ohiocrypto.com website, operated by the treasurer, to allow tax payments in cryptocurrencies through Bitpay. In January, Mandel was succeeded by Robert Sprague as the state treasurer.
Last month, an internal review raised some legal issues regarding the Ohiocrypto website and the State Board of Deposit proceeded to request the opinion of Attorney General Dave Yost regarding whether Ohiocrypto.com is a financial transaction device subject to the requirement of R.C. 113.40. Sprague shut down the state’s crypto program pending Yost’s opinion.
After evaluation, Yost wrote a letter to Sprague on Nov. 5 declaring his legal assessment of the situation. Noting that “No other statute gives the treasurer authority to use Ohiocrypto.com to collect state taxes,” Yost wrote:
I conclude that Ohiocrypto.com is a financial transaction device, and that it cannot be
used without first being approved by the Board of Deposit.
This means the treasurer must obtain approval from the State Board of Deposit before using the website to collect state taxes. The deposit board has three members: the treasurer who also serves as the chairman of the board, Auditor of State Keith Faber, and Yost. With the attorney general’s legal opinion, the board will now decide what to do about the program. However, at press time, no meeting has been scheduled to discuss this matter.
The Associated Press reported on Wednesday that “Republican Attorney General Dave Yost found then-Treasurer Josh Mandel skirted state law when he launched the Ohiocrypto.com website last year for business tax payments.” The publication added that Dave O’Neil, a spokesman for Yost’s office, clarified that “the opinion on Ohiocrypto.com was advisory in nature, so it would not be appropriate to refer it to law enforcement, despite the finding of a legal violation.”
Paying Ohio Taxes Via Bitpay
When former Treasurer Mandel launched the crypto program in November last year, he said that Ohio was the first state to accept tax payments via cryptocurrency and that it would help the state become a leader in embracing blockchain technology. However, the program did not take off. Sprague recently revealed that, in the 10 months that the website operated, fewer than 10 businesses chose to pay their taxes using cryptocurrency.
Yost explained in his letter that taxpayers wanting to pay in cryptocurrency on Ohiocrypto.com did not pay the treasury directly and at no point did the state treasury actually hold digital coins. Yost, who became Ohio’s 51st Attorney General in January after serving as the 32nd Auditor of State, detailed:
The former treasurer contracted with a third-party company, Bitpay Inc., to process the payments. The taxpayer paid Bitpay in cryptocurrency. Bitpay settled the payment, converted the payment to U.S. dollars, and then paid the treasurer in U.S. dollars.
He added that Bitpay charged a fee for its service which was passed on to taxpayers, noting that payments were ultimately settled using an automated clearing house process between Bitpay and a bank account maintained by the treasurer.
What do you think of Ohio’s crypto program and the state attorney general’s assessment? Let us know in the comments section below.
Images courtesy of Shutterstock and the state of Ohio.
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The post Ohio Crypto Program Hits a Snag, Attorney General Finds It Illegal appeared first on Bitcoin News.