Facebook Relaxes Ban on Cryptocurrency Ads As the Tech Giant Forges Ahead With Its Own Blockchain Project

Facebook Relaxes Ban on Cryptocurrency Ads As the Tech Giant Forges Ahead With Its Own Blockchain Project
фото показано с : blokt.com

2019-5-10 11:19

Facebook, one of the big four tech companies, announced on May 8 via a blog post that it is relaxing its policy on ads related to cryptocurrency, blockchain technology, and financial products and services.

The policy change allows more business in the mentioned sectors to promote their work on the social media platform which has over 2.3 billion monthly active users. This makes it one of the most effective platforms to advertise on. A large portion of Facebook’s revenue comes from advertising.

Facebook’s Cryptocurrency Ban

The social media giant began blocking cryptocurrency ads on its platform in January 2018 – shortly after Bitcoin had reached its peak price in December 2017 – over concerns that some fraudulent initial coin offerings (ICOs) scammed investors. Other big tech firms that banned crypto ads include Google and Twitter.

The company relaxed its ban in June last year and only allowed ads from advertisers granted written approvals by the tech giant. Facebook is now further relaxing its policy so that many advertisers can display ads on its platform without prior permission.

The firm claims to have listened to feedback and assessed the effectiveness of its policy. Facebook stated in its announcement:

“While we will still require people to apply to run ads promoting cryptocurrency, starting today, we will narrow this policy to no longer require pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency.”

The tech firm came under heavy scrutiny after it decided to go ahead with its ban on cryptocurrencies. However, the online tech firm said that it would continue to ban ads related to ICOs. Part of the announcement states:

“People who want to promote cryptocurrency and closely related products, such as cryptocurrency exchanges and mining software and hardware, will still have to go through a review process.”

The firm’s crypto ban impacted Bloom, a California-based startup that gives users greater control of their online data using blockchain technology. The firm said it spent thousands of dollars to promote its services on Facebook but saw its ads banned by the social media network last October.

Facebook’s Crypto Ambitions

The policy changes follow months of reports that Facebook is working on its own blockchain project, although the online network has been reluctant to share details with the public. It was reported in December that the tech firm is developing an in-house stablecoin that would allow WhatsApp users to make crypto payments to one another.

It was also reported that the company is negotiating with various e-commerce and financial firms as it tries to bring the project to life.

Facebook is among other major companies such as Microsoft and JP Morgan Chase that are developing products and services in the crypto sector.

Facebook Relaxes Ban on Cryptocurrency Ads As the Tech Giant Forges Ahead With Its Own Blockchain Project was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Kind Ads (KIND) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 KIND

cryptocurrency tech blockchain facebook ads own project

cryptocurrency tech → Результатов: 126


Фото:

Democratic Congressman Wants to Ban Cryptocurrencies to Keep U.S. International Power

Bradley James Sherman, a Democratic Representative from California, is urging the other Congressmen to join him and work towards outlawing cryptocurrencies in the United States. He is seeking a bill that would stop US citizens from purchasing or dealing with cryptocurrencies, due to the potential threat it poses to the US Dollar as the sovereign […] Democratic Congressman Wants to Ban Cryptocurrencies to Keep U.

2019-5-10 12:59


Ledger Nano S Review: Best-Selling Wallet, Still King in 2019?

The Ledger Nano S is one of the first and most popular hardware wallets designed by French blockchain security company, Ledger. Founded in 2014, the same year as the iconic Mt. Gox exchange hack, Ledger has always had a strong focus on fund security and has since become one of the leading hardware wallet producers in […] Ledger Nano S Review: Best-Selling Wallet, Still King in 2019? was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-9 16:55


Фото:

eToro Review [2019] – The Complete Beginner’s Guide

The software platform, eToro pioneered and popularized the concept of social trading when it introduced its Open Book social trading platform in 2010 with its key feature of “copy-trading.” This innovation at the intersection between social networking and financial trading has opened up new and profitable ways for people to invest in both traditional financial markets […] eToro Review [2019] – The Complete Beginner’s Guide was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-9 13:59


Фото:

Starbucks Will Use Blockchain Tech to Create a More Personal Connection With its Customers

Starbucks is now more than just a coffee chain as it uses an assortment of technological advancements to deliver personalized experiences to its nearly 100 million customers per week. Microsoft announced on May 6 via a blog post that it is partnering with Starbucks on a number of tech solutions ranging from blockchain to the […] Starbucks Will Use Blockchain Tech to Create a More Personal Connection With its Customers was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-8 18:24


Фото:

Eobot – A Crypto Exchange and Cost Effective Cloud Mining Solution

Mining Bitcoin and other Proof of Work (PoW) cryptocurrencies has traditionally required users to invest in expensive mining hardware, called ASICs, to mine new coins. Instead, some operators are using cloud mining solutions, which require little to no hardware to maintain, produce no heat and require virtually zero electricity for the user – with the cloud […] Eobot – A Crypto Exchange and Cost Effective Cloud Mining Solution was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-8 11:22


Фото:

Bitfinex, Tether Brace for ‘A Reputational Black Eye’ Even If LEO Token Sale Bails Them Out for Now

Bitfinex is in a bit of a spot here, having been flagged by New York’s highest legal official for some (allegedly) pretty dodgy financial practices. Readers are probably already familiar with the backstory that involves the crypto exchange trying to be sneaky and hiding humongous losses worth $850M by conflating corporate and client funds.

2019-5-7 19:20


Are Litecoin and Dash Setting up for Bullish Times Ahead? [Price Analysis]

Since forming 2018 lows in December, the price of cryptocurrency market leader Bitcoin has managed to recover near to a key level where price drastically broke down in November. If its price manages to overcome this point, it would be highly likely to have a significant impact on the altcoin market and may spur large amounts […] Are Litecoin and Dash Setting up for Bullish Times Ahead? [Price Analysis] was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-7 17:49


Фото:

Australian Securities Exchange Opens Customer Development Environment for Blockchain Testing

The Australian Securities Exchange (ASX) published a report on May 7, 2019, announcing the opening of its Customer Development Environment (CDE) for distributed ledger technology (DLT) testing. The exchange which has been developing a clearing and settlement system based on blockchain technology announced this latest development as it works towards a fully functional platform by […] Australian Securities Exchange Opens Customer Development Environment for Blockchain Testing was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-7 15:59


Фото:

‘Shut Down the Cryptocurrencies,’ Says Nobel Prize Winning Economist Joseph Stiglitz

Despite the growing popularity of cryptocurrencies, there are some people – experts in their fields – who believe that cryptocurrencies are not good enough and should be banned. The latest person to join this school of thought is Joseph Eugen Stiglitz, a recipient of the 2001 Nobel Prize in Economics and a Professor at Columbia […] ‘Shut Down the Cryptocurrencies,’ Says Nobel Prize Winning Economist Joseph Stiglitz was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-7 14:29


Фото:

Bitcoin Is the Best Performing Major Asset Class so Far in 2019

Is the proverbial winter over for Bitcoin just yet? Well, it’s too early to draw a conclusion even for the most hardcore Bitcoin bull out there. However, based on some newly available cold, hard data, it appears the world’s leading cryptocurrency is outmaneuvering pretty much any other rallying asset class — be it crude oil, […] Bitcoin Is the Best Performing Major Asset Class so Far in 2019 was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-7 13:59


Фото:

Smart Swap: Face Value P2P With Element Zero CTO

In my last article, I talk about Atomic Swaps and why we need them. I explained that Atomic Swaps is one of the solutions we have for the no trust issue that we need to overcome if we want to trade cryptocurrencies between two parties without a trusted side in between (peer to peer exchange […] Smart Swap: Face Value P2P With Element Zero CTO was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-6 11:23


CEX.IO Review [2019] – A Safe, Proven Crypto Exchange

CEX. IO manages to balance the provision of an exchange platform with advanced services and an interface that is visually appealing, easy-to-use and accessible to newer crypto investors. CEX. IO has been in the cryptocurrency business since 2013, starting as a cloud mining provider, and claims to currently have over a million users, ranging from “Bitcoin beginners […] CEX.

2019-5-4 15:31