• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
twitter
Sensei Inu Logo

Will Twitter Be Next to Ban Crypto-Related Ads?

newsbtc by newsbtc
6 years ago
in Cryptocurrency Market News
Reading Time: 3 mins read

According to Google’s annual “trust and safety” ads report, the company will crack down on cryptocurrency-related advertising in the coming months. This move comes after Facebook announced its decision to ban cryptocurrency-related ads in January of this year. In a blog post, the internet giant said that many companies advertising binary options, cryptocurrencies, and ICOs were “not currently operating in good faith.” 

A section on Google’s website related to advertising policies and financial services specified that the search giant’s ban would cover ads for “Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).” Other industries up for scrutiny include rolling spot forex and financial spread betting.

Google’s decision means that even companies with legitimate cryptocurrency offerings won’t be allowed to serve ads through any of the company’s ad products, which place advertising on its own sites as well as third-party websites. Google said it took down more than 3.2 billion ads in 2017 that violated its policies, which is nearly double the 1.7 billion it removed the year before.

Convincing advertisers that the company’s ecosystem is safe and effective is critically important — Google parent company Alphabet makes roughly 84% of its total revenue from advertising. This update will go into effect in June 2018, according to a company post.

“We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or potential for consumer harm that it’s an area that we want to approach with extreme caution,” Google’s director of sustainable ads, Scott Spencer, told CNBC.

Jack Dorsey

These moves by Google and Facebook to ban ads for cryptocurrencies and related tech may put Twitter Chief Executive Officer Jack Dorsey in the hot seat. The founder of the social network is likely to find himself under pressure to follow the two companies and crack down on misleading ads for potentially risky products and services found on his platform

That said, there’s a bit of a problem: Dorsey has reason to resist because he is not only the CEO of Twitter, but also the CEO of Square Inc., which recently began to offer Bitcoin trading — permitting more users to utilize the cryptocurrency. Square is also (like many in the financial services industry) looking at other crypto and blockchain related investments and patents. In a research post Wednesday, Nomura-Instinet analyst Dan Dolev said that 60% of Square merchants surveyed by the firm said they were willing to accept Bitcoin as a payment. 

For Dorsey, his “Twitter hat” may push him to attempt to pacify regulators and reduce crypto-hype; but Dorsey’s “Square hat” may push him more into cryptocurrency territory, because that’s where the fintech money is. It’s worth having a look: even Dorsey’s own tweets reflect a sort of double-duty, sometimes promoting Square’s Bitcoin products, and sometimes reiterating Twitter’s commitment to civility.

It’s worth noting that Facebook and Google’s ad bans have yet to be fully watertight — they can be circumvented by misspelling words, for example. But at the very least they’re a sign the companies are in some way putting their users before ad profits. Time will tell if Dorsey and Twitter follow-suit. 

Tags: adsadvertising banBinary Optionsbitcoincryptocurrencyfacebookfinancial policygoogleICOJack Dorseysquaretwitter
Tweet123Share243ShareSend
newsbtc

newsbtc

Related Posts

Crypto's Six-Week Bleed Out

Crypto’s Six-Week Bleed Out: XRP And Solana Defy The Outflow Downtrend

3 hours ago
Mixin network crypto hack

$200 Million In Crypto Lost As Mixin Network Comes Under Attack

5 hours ago
Cardano ADA ADAUSDT

Cardano Sees Spike In Development Activity, Can The Price Of ADA Follow?

7 hours ago
Ethereum

Ethereum Funding Rates Turn Deep Red, What Does It Mean?

8 hours ago
Ethereum

Number Of Ethereum Addresses Losing Money Just Reached A New All-Time High

9 hours ago
Bitcoin price

Crypto Analyst Says Prepare For 100% Increase In Bitcoin Price As Historical Pattern Forms

12 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Everlodge (ELDG)’s Electrifying Presale: Stealing the...

    6 hours ago
  • Litecoin (LTC) and Chainlink (LINK) Holders Dive into...

    6 hours ago
  • Discover the Yesgo (YESGO) Listing on XT.COM and Launch on...

    6 hours ago
  • Ex-SEC Chief Optimistic About Bitcoin ETF Approval...

    11 hours ago
  • Bitcoin (BTC) Stays at $27K; Bullish Hints from Aave (AAVE)...

    12 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.