During the week of April 7-14, there was certainly some interesting cryptocurrency-related news. First, the world’s most popular cryptocurrency exchange, Binance, has decided to delist Bitcoin SV in a controversial move. PewDiePie, one of the most famous content creators in the world, has decided to sign on with a blockchain-based platform, which some believe might be a good move for overall mass adoption, or at the very least, that some other influential content creators might follow his leads.
That isn’t all. The leveraged crypto trading exchange Bitfinex has done away with its minimum capital requirements for its exchange, which means that more traders than ever can access the platform. Will this lead to more money flowing into the markets? Time will tell. An adult website by the name of Camsoda has decided to accept cryptocurrency, but does it actually mean anything big for cryptocurrency? Also, the “Crypto” movie has finally been released - and the crypto community is less excited than you might think.
Binance To Delist Bitcoin SV
While there are certainly disputes and rivalries in every sector, it appears as though Calvin Ayre’s way of handling things has affected the listing of Bitcoin SV. For those who might be unaware, Bitcoin SV stands for “Bitcoin’s Satoshi Vision” and purports to be the true Satoshi vision for Bitcoin. The cryptocurrency was created after Bitcoin Cash was divided into two camps, with one supporting Bitcoin ABC (adjustable blocksize cap) and the others supporting Bitcoin SV. Notable supporters of Bitcoin ABC included Jihan Wu of Bitmain and Roger Ver, while supporters of Bitcoin SV included billionaire Calvin Ayre and Craig Steven Wright.
Binance is the world’s largest cryptocurrency exchange by volume, and its CEO, Changpeng Zhao, has not been too fond of Calvin Ayre as of late. He even threatened to delist Bitcoin SV from Binance, and it appears as if he had followed through on the threat. For those wondering why this happened, it is because of Craig Steven Wright’s assertions that he is Satoshi Nakomoto, the creator of Bitcoin. Many cryptocurrency influencers believe that the claim is false, including Ethereum co-founder Vitalik Buterin, and Zhao, as well. Zhao had voiced his displeasure at the fact that Wright was actually serving legal notices to those who voiced their opinion that Wright is not Satoshi, and this appears to have been the last straw. The price of Bitcoin SV (BSV) has taken quite the hit since the announcement.
Zhao has not backed down from criticizing Bitcoin SV and Craig Wright, calling him a “fraud” in a series of tweets. He elaborated that Wright could easily prove that he is Satoshi if he wanted to, but has not done so as of yet. In addition, he expressed his support for Peter Mccormack. For those who might not know, Mccormack, the host of the “What Bitcoin Did” podcast, was served legal papers from Calvin Ayre and Craig Wright for claiming that Wright was not Satoshi.
Binance will officially delist the cryptocurrency on April 22. Binance pointed to a variety of factors having possibly influenced the decision, including “evidence of unethical/fradulent conduct” and “contribution to a healthy and sustainable crypto ecosystem”.
PewDiePie Turns To Blockchain
There are many content creators that have spoken about cryptocurrency and even endorsed companies in the space, but the truth is that no major content creator or influencer has taken that leap, until now. PewDiePie is one of the world’s most recognizable content creators, boasting over 90 million subscribers on Youtube. In 2013, he was the content creator with the most subscribers on Youtube. He also has more than 21 billion views in total, which is incredible when you consider that the 29 year-old has more views of his content than people on the planet.
PewDiePie, whose real name is Felix Kjellberg, is a Swedish gamer and comedian that has also caused plenty of controversy because of his content. He famously lost a Disney contract due to racist comments that he made, and also has posted anti-Semitic content on his channel before. There are Youtubers that have defended the actions as “free speech”, but others believe that PewDiePie is attempting to normalize racism.
Either way, the giant content creator is now migrating away from Youtube to a blockchain-based platform named DLive, where he has signed an exclusive deal. DLive is a platform that utilizes the cryptocurrency “Lino”, which raised $20 million last year in an ICO to essentially become the crypto version of “Youtube”. Obviously, the fact that PewDiePie has signed on is a massive indication that they are serious about attracting the top streaming and content creation talent in the world.
DLive already boasts 3 million users and tens of thousands of streamers, and PewDiePie praised the platform, stating that they treat him like a “real partner”. He will stream weekly on DLive. Apparently, PewDiePie will also be donating $50,000 to other content creators on the platform as a marketing tactic to attract other creators as well. He began his partnership with DLive several days ago.
Bitfinex Opens The Gates
One of the most popular cryptocurrency exchanges in the world is Bitfinex, which has been the source of much discussion and controversy due to the fact that it offers margin trading. Unlike many other exchanges, Bitfinex was founded in 2012, seven years ago, before many individuals were even aware of Bitcoin or thinking about cryptocurrency. The exchange also came under fire for massive manipulation during the cryptocurrency bull run in late 2017, as well. There were even rumors that the exchange was insolvent at one point.
The platform is now doing away with the minimum capital requirements of $10,000, and opening up the gates to all traders. Bitfinex also recognizes that changes had to be made before the massive announcement, which is why it has pointed out that it has revamped many various features. Specifically, the support center has been upgraded significantly to address users’ questions and concerns, there is now “sentiment information” regarding certain tokens, and a new KYC (know your customer) portal has been established for increased security.
The CEO of Bitfinex, Jean-Louis van der Velder, pointed to the massive demand from traders as the main catalyst for the announcement. He pointed out that the company “could not ignore the increasing level of requests” when it came to accessing the platform.
CamSoda And Crypto
There has been much talk about whether content creators might start favoring cryptocurrency, and how this can be a massive catalyst for cryptocurrency to have an advantage over “fiat currency”. The idea would be that content creators would encourage their fans and users to tip them with cryptocurrency since it would help them in terms of efficiency and transaction costs. Many have pointed out that the adult industry could be a huge opportunity. While there are disputes about actual statistics, the truth is that porn websites get billions of visits per year - more than the visitors of Amazon, Netflix, and Twitter, combined, according to a 2016 article.
Some might remember that the cryptocurrency Verge (XVG) teamed up with the world’s largest porn site, Pornhub, and many believed that it would be a game-changer not only for the cryptocurrency but for the markets in general. However, it appears as though this was not the case. Months later, it was apparent that most users were not taking advantage of this feature, indicating that the partnership might have been more overhyped than anything.
Of course, this does not mean that another partnership can’t be successful, and popular adult content website Camsoda is apparently embracing cryptocurrency now. Camsoda is one of the most popular websites in the world (consistently ranking in Alexa’s top 4000). Unlike other porn websites, Camsoda is a livestreaming webcam platform that began in 2014 and has gained popularity throughout the world since then.
Users of Camsoda can now purchase on-site tokens using cryptocurrency, which can then be used to tip models.
Crypto Movie Released
Many cryptocurrency enthusiasts have been excited about the first movie to actually feature cryptocurrency, which is actually called Crypto. The movie released on April 12, 2019, several days ago, and features well-known actors such as Luke Hemsworth and Kurt Russell. The movie apparently revolves around money laundering and cryptocurrency. The movie has not gotten the greatest reviews, and some are suggesting that it actually painted the sector in a bad light.
The movie also apparently involves the Russian mob, as well, and the trailer for the movie dropped last month. The film stars Beau Knapp, who has appeared in well-known movies such as Run All Night (2014) and Southpaw (2015). Luke Hemsworth, known for his role in the hit TV show Westworld, is also in the film.
Kurt Russell has been in the movie business for decades, and some of his most memorable performances include roles in movies such as Escape From New York (1981), Tombstone (1993), and Death Proof (2007). He is also part of the wildly successful The Fast And The Furious franchise, having joined in 2015.