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Google Move To Change Ban On Bitcoin Advertising

Google Move To Change Ban On Bitcoin Advertising
Through 2018 we have seen a number of tech giants move to ban cryptocurrency advertising. In line with global regulation, firms such as Google, Twitter and Facebook have made moves to ban all forms of cryptocurrency advertising, that included the ban of adverts for cryptocurrencies, cryptocurrency services, ICO’s and even cryptocurrency news. Since their initial call for an all out ban, Facebook have since relaxed their rules, allowing some advertisements to now work within their networks, it now seems that Google are set to take similar steps. Bans have been implemented in a move to protect customers from illicit cryptocurrency activities, including scams and fake ICOs. Instead of actually reaching out for community opinion, Facebook, Google, Twitter and others simply implemented instant bans, causing a bit of an up roar across many social media. Google now want to join Facebook as the next firm to lift some aspects of their current ban. As it stands, Facebook now allow all cryptocurrency advertisement, apart from the advertisement of ICOs. In order to advertise, crypto firms need to apply for permission from Facebook, in order to prove their legitimacy. Google are now set to take similar steps, steps that will allow some cryptocurrency advertising to take place, under some restrictions, pending approval from Google themselves. According to The Paypers:
“Alphabet’s Google would allow certain regulated cryptocurrency exchanges to advertise in the United States and Japan, easing an earlier ban on all cryptocurrency ads. The changes will take place in October 2018, and advertisers will need to be certified with Google for the country where the ads will appear, according to Reuters. In March 2018, the company said it would ban advertisements for cryptocurrencies and initial coin offerings, starting June 2018.”
What does this mean? Well, for a start, it’s good news. When Google announced their ban, the markets reacted quite badly, Bitcoin dropped around 10% and the community had been left frustrated, feeling somewhat marginalised. Censorship in the form of these bans is keeping cryptocurrency away from the mainstream, which is the opposite of what we all want. With Google now opening up to some forms of cryptocurrency advertising, we can at least take this as confirmation that Google are now starting to explore cryptocurrencies themselves. It’s something they are opening up to and it’s something that they believe their customers should now be exposed too. Whilst the advertising will only be opened up in the United States and Japan, we should expect that soon enough, Google will begin to allow limited cryptocurrency advertising across the rest of the world too. References The Paypers

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FinHub arm of The SEC set to become an independent office

FinHub arm of The SEC set to become an independent office

Quick take

1 minute read

  • In an announcement, the securities and exchange commission and their financial technology team will soon become an independent office. 
  • Launched two years ago, the strategic hub for innovation and financial technology from the SEC has been the forefront of securities regulation.

In an announcement that was revealed earlier this week on the 3rd of December, the United States securities and exchange commission and their financial technology team will soon become an independent office. Launched two years ago in 2018, the strategic hub for innovation and financial technology (otherwise known as FinHub) from the SEC has been the forefront of securities regulation.

This sidearm for the SEC has been clearly quite busy the past few years as it goes after numerous initial coin offerings and other related things to the crypto industry.

Valerie Szczepanik, the leader of the hub for innovation will now be reporting directly to the chairman of the commission. For now, that is Jay Clayton who is set to stand down from his position next year but speaking on the matter, he said:

"The SEC is committed to innovation in our markets, consistent with our time-tested regulatory framework. Our action to establish FinHub as standalone office furthers our commitment to facilitate the introduction of new technologies for the benefit of investors and the efficiency and resiliency of our markets. The agency is fortunate to benefit from Val's expertise and deep knowledge in the areas of innovation, financial technology and investor protection, and I’m pleased she will continue to lead FinHub as its first director."

Director of the Division of Corporation Finance, Bill Hinman said:

"Not surprisingly, FinHub has thrived under Valerie's leadership. This move to enhance FinHub's role in leading and coordinating policy across all SEC Divisions and Offices will benefit market innovators and strengthen investor protection."

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Willy Woo: $200,000 for BTC next year is “Conservative“

Willy Woo: $200,000 for BTC next year is “Conservative“

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1 minute read

  • Well-known analyst and crypto commentator, Willy Woo has recently given some bullish predictions on the leading crypto coin.
  • Many people are very excited as bitcoin hitting $300,000 by the end of next year is “not out of the question“.

Well-known analyst and crypto commentator, Willy Woo has recently given some bullish predictions on the leading crypto coin.

Many people are very excited for the leading cryptocurrency to reach $20,000 before the end of this year but that could be seen as just a dent in the grand scheme of things as bitcoin hitting $300,000 by the end of next year is “not out of the question“ according to the expert.

Over the course of 2020, bitcoin has been appreciating in value by more than 175%. In March, the coin was priced somewhere in the $3000 range but now, we are looking at $18,000/$19,000 at the least.

But the analyst believes that it still has more room for further gains for the coin. 

The price point of $200,000 is seen as “Conservative“ to the analyst.

The analyst has been well known to be bullish over the past few weeks. He has even predicted that XRP, the token from the San Francisco company ripple, will have an exciting year despite having a lacklustre one in 2020.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Nigel Farage turns to crypto buff - believes bitcoin is the best anti-lockdown investment

Nigel Farage turns to crypto buff - believes bitcoin is the best anti-lockdown investment

Quick take

1 minute read

  • Nigel Farage may be a controversial figure in the world of politics from the United Kingdom but has recently said that he has gone “full crypto“.
  • Farage discussed all things related to the world of cryptocurrency with Sam Volkering, an editor at Southbank investment research.

Nigel Farage may be a controversial figure in the world of politics from the United Kingdom but has recently said that he has gone “full crypto“.

At the end of last week, Farage took part in a video interview where he discussed all things related to the world of cryptocurrency with Sam Volkering, an editor at Southbank investment research.

Speaking in an interview, Nigel said that the Government's “funny money“ is being printed in the UK at a rapid pace in order to keep up with the economic crisis that has occurred throughout the world due to coronavirus. 

Furthermore, the two talked about the basics of cryptocurrency and answered numerous questions on the basics of crypto-assets such as bitcoin such as how to buy bitcoin and where the money goes when you invest.

He concluded that because Fiat currency is failing throughout the world, including the United States, this is important to understand what crypto is and how to use it as payment.

Interestingly, he referred to bitcoin as the best “anti-lockdown investment“.

Farage recently launched his Reform UK party in the country to oppose the other major political parties including the Conservatives and Labour.

For a long time now, journalists and experts have predicted that Farage would be 12 turn to crypto one way or another.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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3 Ways Kenyans Use Bitcoin in 2020

3 Ways Kenyans Use Bitcoin in 2020

Bitcoin peer-to-peer (P2P) trading volume in Africa reached an all-time high in August, according to publicly accessible peer-to-peer exchange details. The introduction of the M-Pesa in Kenya has also accelerated Kenyans investing in bitcoin because of the easy bitcoin to MPESA conversion facility.

After March, when most countries started enforcing lockdowns, Bitcoin has become more resilient and has risen by more than 18 trillion over the last year, according to Paxful. This digital platform allows consumers to create deals and ask for a competitive price for Bitcoin.

There has been a significant surge in bitcoin trading volumes worldwide, fuelled primarily by coronavirus-induced lockdowns since many people operate from home.

Demand for Bitcoin has mostly been seen across significant emerging and border markets, with Sub-Saharan Africa seeing the fastest growth. On the Paxful marketplace, Nigeria and Kenya have emerged as the leading countries with the most massive volumes, followed closely by Ghana.

For example, in August, Kenyans exchanged Bitcoins worth $8,104 million on Paxful, and the number is much higher when you add data from other exchanges.

 A sense of uncertainty surrounding cryptocurrency keeps Kenyans back from engaging in the current broad distribution of capital. Ten years after its introduction in 2007, bitcoin and cryptocurrency are no doubt a fleeting fad.

More than $200 billion in value has been generated in only the beginning of a transparent alternative finance framework. Much as anybody would download a mobile app and link to the internet without waiting for permission.

You can purchase, sell, swap, keep, and store cryptocurrencies in Kenya today as long as you do not violate any current rules.

Getting acquainted with cryptocurrency

Paxful Breaks Ground On Fourth School at 100 School Project Five Years On, Bitcoin Marketplace Generating Wealth for 'Tiny Guys.'

For instance, you need a blockchain wallet, an app that lets you store, email, and receive digital assets. There are hundreds of choices to pick from online, android, and apple stores such as bitcoin, mycelium, and coinomi.

If you download and install one, the next move is to protect your wallet if you forget your password or lose your computer. Any citizens who overlooked backups as a protection measure fell victim to sophisticated hacks. Attach a solid pin and back up your 12-word password to help you bring your bitcoin back in the worst-case situations.

One way is for representatives of the Blockchain Association of Kenya to broker bitcoin and crypto-assets locally. Another choice is to head over to an anonymous peer-to-peer platform where you can trade daily cash for digital properties.

How are Kenyans utilizing Bitcoin?

Using Bitcoin as a tool for investment

Many people see bitcoin as a potential bet. With its small supply cap of 21 million coins (expected to be hit in 2140) and the current low bitcoin price, there are plenty of ways to make a fast profit from trading in bitcoin.

There are many other options to utilize bitcoin as an investing tool. Investing in bitcoin should be part of a long-term strategy, rather than an effort to create fast gains and losses. Bitcoin is only at the relatively early stage of growth, having been around for just six years. There is also a long way to teach people about bitcoin, which provides an investing potential on its own.

Using Bitcoin for educational expertise

Bitcoin's fundamental aim has always been to teach people about the value of the blockchain. And how to reclaim complete ownership of their lives, not just from a financial viewpoint, but also through the way people utilize utilities, networks, technologies, and most fundamentally, how they look at the planet.

Bitcoin's educational expertise reaches beyond finance and technology. The promise of blockchain technologies and bitcoin 2.0 is far-reaching. If you grasp the functionality of bitcoin and blockchain, dear reader, you would also learn regarding its potential in other areas of daily life.

Consider for a second, for example, if a plurality decision might be reached, perhaps without depending on the equation's human factor. Digital voting, negotiating and amending contracts, signing and saving papers, and revamping peer-to-peer transfers are only a few indicators of bitcoin's educational opportunities by unlocking the blockchain's potential.

Spending bitcoin to fulfill basic needs

Bitcoin is an automated means of payment, one of the main explanations that so many people are drawn to this virtual currency. Over the last two years, more and more locations have begun to embrace bitcoin payments as an alternate payment method due to cheaper rates, instant transfers, and little chance of theft or chargebacks.

As a result, bitcoin is becoming a feasible method of payment, both digitally and in-store, at different locations across the world. The bitcoin ecosystem is often used to transfer funds across the globe, which ensures that trading is vital in holding the ecosystem alive.

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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