Crypto markets continue to struggle as bitcoin took a major beating this week, due in large part to the Google crypto
ad ban news being blown out of proportion.
Not exact matches
With
news of Google
banning cryptocurrency - related
ads and the International Monetary Fund advising increased regulation on the asset, the price of Bitcoin, Ethereum, and Ripple continued their slide Thursday, wiping out about $ 499.2 billion of the market value of over 1,500 cryptocurrencies since their collective all - time high in early January.
Bitcoin prices briefly fell below $ 8,000 on Wednesday following
news that Google, the world's largest online
ad provider, plans to
ban cryptocurrency advertising.
Twitter to Prohibit Range of Cryptocurrency
Ads Sky
News reports that Twitter has plans to eventually
ban advertisements for cryptocurrencies, token sales, and initial coin offerings (ICOs), in a move that would follow similar policies implemented by both Facebook and Google this year.
While decisive action has not yet been taken, Sky
News reported on March 19th that Twitter plans on joining its peers Facebook and Google by issuing a
ban on cryptocurrency
ads.
Before they went mainstream, Before the Internet, there were personal
ads, An advert for an online dating service has been
banned after its scientific claims were dismissed as little more than fake
news.
Recent
news that Facebook would
ban ads for ICOs probably didn't help either.
The week began with
news that Twitter's
ban on cryptocurrency
ads was taking effect immediately, affecting an industry already taking a hit in interest worldwide.
The platform also
banned ads from RT (formerly Russia Today) and the Sputnik
news agency.
After promising to fix its
news feed by implementing sweeping changes, Facebook is taking another big step towards cleaning up its act: it's
banning ads promoting cryptocurrencies and initial coin offerings (ICOs) because they're they're usually BS.
Twitter will soon
ban a range of cryptocurrency
ads, according to a Sky
News report and verified by MobileSyrup.
According to an unconfirmed report by Sky
News, in the coming weeks, we can expect Twitter to
ban cryptocurrency
ads amid looming regulatory intervention in the industry.
According to an unconfirmed report by Sky
News, in the coming weeks, we can expect Twitter to
ban cryptocurrency
ads
Regarding
banning cryptocurrency advertisements, the social networking company's
news page wrote «We want people to continue to discover and learn about new products and services through Facebook
ads without fear of scams or deception.
With weekly help from
News.Bitcoin.com «s Kai Sedgwick, the current round of
news he labeled good, bad, and bizzare, noting Facebook's crypto
ad ban and whether that's a positive; Square's continued love for bitcoin; more South Korea
news; the entrance of Samsung into the ecosystem; Tether's troubles; initial coin offering scams; El Petro's white paper from Venezuela's executive; and the Japanese app Line's launching of crypto trading.
Sky
News says (via Engadget) that the new advertising policies would
ban worldwide
ads for ICOs, token sales, and cryptocurrency wallets.
slashdot.org - An anonymous reader writes: Twitter plans to
ban most cryptocurrency - related
ads in the next few weeks, as Sky
News first reported and a source confirms to Axios.
Mass selling has been seen across the crypto market over the last week or so, with certain
news updates not helping sentiment, such as Google and now also Twitter cracking down on cryptocurrencies,
banning all related
ads.
With the current
news spreading around of Twitter
banning cryptocurrency
ad.
Sentiment not being helped by the soft
news flow, with focus on the social media crackdown on crypto
ads being
banned, specifically ICOs.
This time, it will
ban pages that share fake
news from buying
ads but will give back
ad privileges if they stop sharing such
news.
Bitcoin (BTC) has fallen back below $ 8,000, as the crypto markets continue to slump in the wake of a week of mixed crypto
news, ranging from the FUD fallout caused by the upcoming Google crypto
ad ban to several wins for Blockchain adoption seen in China and Canada.
The letter was a much - needed jolt of life for cryptocurrency investors, who have endured a string of negative
news, including the recent announcement that Twitter will be
banning cryptocurrency
ads.