Google and Facebook go back on their position towards cryptocurrencies; Bitcoin,

[WorkCoin]

Is this something we should rejoice over and how will these impact in Crypo Space?




Facebook allows Coinbase to advertize in the social network.
Google includes major coins in the exchange rate converter.
The largest global social network white listed Coinbase from its advertizing ban for cryptocurrency and ICO related companies. The news popped up on Saturday when CEO of the US-based crypto exchange Brian Armstrong posted a tweet with attached Coinbase ad in Facebook:

"Facebook banned ads for crypto earlier this year. Proud to say we've now been white listed and are back introducing more people to an open financial system."

The community cheered the news while the post gathered over 160 comments.

Meanwhile, Google also seems to have warmed up towards digital assets and added Bitcoin, Bitcoin Cash, Ethereum and Litecoin to its online currency exchange converter. If a user searches Google for these coins, the system automatically displays their exchange rates for these coins in user's local currency.

It is worth noting that Google's rates differ from CoinMarketCap data, while the source of quotes is not readily available.

Earlier we reported that Google's co-founder Sergey Brin confessed that he had been mining Ethereum together with his ten-year-old son.

All major cryptocurrencies have started the week in a green zone. Bitcoin is one of the growth leader: the coin gained 4% on a daily basis and jumped above $7,700 handle. Ethereum climbed 1% higher to $467, while XRP settled at $0.4592, 2% higher on a daily basis. Bitcoin Cash is changing hands at $827, up5.5%.

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[First77]

Google and facebook do not run this world. They are not important.

[WorkCoin]

Google and facebook do not run this world. They are not important.

I agree with you up to the point that they do not run this world.

But personally, i think that in terms of Internet and social media adverts, they are very important

[KingScorpio]

Google and facebook do not run this world. They are not important.

I agree with you up to the point that they do not run this world.

But personally, i think that in terms of Internet and social media adverts, they are very important

there is no use in google and facebook being open for cryptoads,

cryptoads are tendenciously bad, for the industry as it gets a corruption image, because only the rich of the past, will be able to reestablish themselves by corrupting themselves with ads, like ripple is doing.

regards

[WorkCoin]

there is no use in google and facebook being open for cryptoads,

cryptoads are tendenciously bad, for the industry as it gets a corruption image, because only the rich of the past, will be able to reestablish themselves by corrupting themselves with ads, like ripple is doing.

regards

Hmm! This is thought provoking

[gentlemand]

I'd love to know what conversion rates legit businesses like Coinbase were getting from these ads. Apparently they've popped up again so it must be worth something. I fully welcome the execution of ICO bullshit ads. That benefited no one other than the con artists running the ICOs.

I'm also intrigued to know whether this will have any effect in the present market. I find it pretty doubtful myself. The type of person who'd be reeled in by this will be the last to join at the peak, not get in when things are quiet. That's how it's always been and always will be.

[Juggy777]

It's good and bad when google and Facebook took down cryptos ads they were more keen to stop ICOs which are mostly scam af. So that time it was really good cause there was no more scams ICO but now if you see I, already seeing ICO ads which i do not like cause most of the icos are messed up and I don't like icos personally. So it'll take quiet a while before we understand how good it is.

[erickkyut]

Google and Facebook have no choice but to removed their previous ban on crypto related post. The world is now starting to adapt the blockchain and cryptocurrency. If Facebook and Google will not adapt to this, they might go bankruptcy in the future because everything will be done in blockchain. Tha is only a wise move for them.

[BrewMaster]

i think the market may consider this as a good news and they certainly are hyping this up all over Reddit and ... these days. but in retrospect i'd say this is more of a bad news than a good one because it means all the scams will come back. the Malware Ads that were fooling the newcomers to download false wallets. the ICO Scams that were fooling newcomers to take their money and all the pumpers ,.... will come back too. and that is more damaging to the whole market than it is good.

[WorkCoin]

i think the market may consider this as a good news and they certainly are hyping this up all over Reddit and ... these days. but in retrospect i'd say this is more of a bad news than a good one because it means all the scams will come back. the Malware Ads that were fooling the newcomers to download false wallets. the ICO Scams that were fooling newcomers to take their money and all the pumpers ,.... will come back too. and that is more damaging to the whole market than it is good.

You do really have a point

[Wicked Sick]

Well it was about time that Facebook and Google backtracked on their bans as the cryptocurrency is turning into a huge industry and ignoring the revenues these companies can generate through the crypto industry would just be silly. But I hope that they continue their ban on the ICO ads.

[Thatimber7]

Many country’s (which were biggest facebook users ) government are not interested about  cryptocurrency and some of them totally banned cryptocurrency that’s why facebook need to banned  crypto ads . But now it’s a good news they go back from their position.

[Sexie]

Is this something we should rejoice over and how will these impact in Crypo Space?




Facebook allows Coinbase to advertize in the social network.
Google includes major coins in the exchange rate converter.
The largest global social network white listed Coinbase from its advertizing ban for cryptocurrency and ICO related companies. The news popped up on Saturday when CEO of the US-based crypto exchange Brian Armstrong posted a tweet with attached Coinbase ad in Facebook:

"Facebook banned ads for crypto earlier this year. Proud to say we've now been white listed and are back introducing more people to an open financial system."

The community cheered the news while the post gathered over 160 comments.

Meanwhile, Google also seems to have warmed up towards digital assets and added Bitcoin, Bitcoin Cash, Ethereum and Litecoin to its online currency exchange converter. If a user searches Google for these coins, the system automatically displays their exchange rates for these coins in user's local currency.

It is worth noting that Google's rates differ from CoinMarketCap data, while the source of quotes is not readily available.

Earlier we reported that Google's co-founder Sergey Brin confessed that he had been mining Ethereum together with his ten-year-old son.

All major cryptocurrencies have started the week in a green zone. Bitcoin is one of the growth leader: the coin gained 4% on a daily basis and jumped above $7,700 handle. Ethereum climbed 1% higher to $467, while XRP settled at $0.4592, 2% higher on a daily basis. Bitcoin Cash is changing hands at $827, up5.
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It was then a great move for Google and Facebook to unban crypto Ads. It is a big Help for those who  are following  and joining crypto currency projects. Although. it is open now of doing such Ads to their company  the best thing  was that, the  company only accepting  those  which are licensed ICO’s and signatures. They are restricting those fake crypto Ads and scammers. It is such a good indication that the positive  tone of the US congress about  the cryptocurrencies  had helped peoples doubt of adapting  cryptocurrencies.

[dmitry6]

Google and Facebook is not the base for crypto and they not running blockchain technology but they are biggest platform for advertisement with recent news Facebook allow coinbase to post ads on their social media site because coinbase is a legit bitcoin wallet. which give legit way to trade cryptocurrency on their Apps and website also coinbase make contract with millions of merchants for accept crypto as a payment.

[bontkoli01]

It would be a good news for Google or Facebook to advertise with Bitcoin or Crypto. Crypto is now a popular market platform where there is no third party problem. Facebook, Google will be interest because there are many crypto people who use Facebook Google.

[m.awanda]

Maybe it just scam add for crypto market that's why facebook and google banned it. We should avoid this kind of scam project.

[vy99]

Yeah after Facebook takes a $150 Billion bath they aren't going to get picky about who's advertising money they'll take.

[HandsomePeople]

I think they are just reversing its ban on some projects that had good reputation because it was unfair to banned all cryptoworld even legit companies and coins

[pooya87]

this was not exactly a "stance against bitcoin" to now they want to change it!

from the beginning it was all because of large number of advertisement on their platforms which were 90% ICO scams or other forms of scams such as phishing links, links to fake wallets like electrum clones, ... and a lot of people lost money because of these. and nothing has changed about them yet.

[ballerin and giroud]

Their decision a few months ago is to reduce fraud against its users. Most likely their way of banned crypto currency advertising has been successful, so today they are opening hands again to embrace crypto currency on their platform. The good thing is they are not hypocritical to take crypto currency back and we can be sure they believe that crypto currency has potential to develop in the future.