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Ban on ICO related advertisements on Google!

Santhosh M

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Ban on ICO advertisements on Google!
Source: Pixabay

According to recent anecdotal reports of several companies working in Initial Coin Offering [ICO] industry, Google is taking initiatives to restrict the visibility of ICO advertisements on its platform. The necessary steps are being taken towards this.

This motive of Google has come as no surprise after Facebook recently banned advertisements related to cryptocurrencies and blockchain on its platform. Although, there is no official notice from Google clearing the air on the topic. The expectation rose after the companies that are running Adwords received warning reports for ICO-related Adword Campaigns.

Several companies running Google Adword campaigns related to ICOs have faced significant performance drop. 99% reduction in clicks have been reported over the course of two days. At the same time, the company started to receive limited approval for their campaigns from Google. In addition to this, some campaigns have already been suspended.

This became clear when Jason Roy, a senior investigator at the Manitoba Securities Commission and Chairman of Canada’s Binary Option Task Force, openly praised Facebook’s decision on banning advertisements related to cryptocurrency on its platform and indicated the fact that they have requested Google to adopt a similar policy.

Jason Roy comments:

“My hope is that Google will enact a similar policy, where they specifically name products like binary options, ICOs, and cryptocurrencies.”

There has been raise in the number of different ICOs and the new token offerings over the past year.

Mr. Roy also added to his comments:



“There’s just been an explosion of different ICOs and new tokens and crazy offerings. You’re seeing ICOs that are raising large amounts of money and there’s nothing behind them in certain cases, but members of the public are so hyped they’re throwing money at them”

Roy gave a detailed explanation of how Canada’s Binary Options Task Force and FBI explained to Facebook the scenario where innocent people become victims of the advertisements of ICOs on the hugely followed Facebook platform.

The authorities are waiting for the response from world’s largest platform for Internet users, Google. Canada authorities hope that Google does enact a similar policy where a product specification is enacted to classify products as Binary options, ICO, and cryptocurrencies.





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Santhosh is a full-time reporter at AMBCrypto. He is an engineer with a major in Mathematics and Computer Science. He developed a key interest in the blockchain space and has been studying and researching about it ever since. He is currently authoring a book on Blockchain and its use cases in the Education domain. He currently does not hold any value in any cryptocurrency or its projects.

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Basic Attention Token surges by over 6% as Ad Launch nears

Namrata Shukla

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Baisc Attention Token surged by over 6% over ads launch hype
Source: Pixabay

The cryptocurrency market appears to be bleeding, however, few altcoins have reported small surges over the past few days, like Basic Attention Token [BAT].

The coin, on April 18 when the entire market was mostly red, surged by over 10% and was trading at $0.3618, its all-time high since July 2018. On April 20, BAT reported a growth of over 6% and was valued at $0.3947, breaking its immediate resistance.

Source: CoinMarketCap

Source: CoinMarketCap

BAT reported a market cap of $493 million and a 24-hour trading volume of $57 million. The coin noted a 6.47% rise in its price over the past day and reported a seven-day surge of 31.20%. BAT continued to register a growth of 1.18% over the past hour.



Crypto-enthusiasts speculate the reason for the surge in prices to be the launch of advertisements on the Brave Browser this month. The BAT token is essentially based on entertainment and can be obtained through a variety of advertising and attention-based services on its platform. According to Twitter user @CryptoNilla,

“They are about to launch ads this month hence the pump.”

BAT was highly traded on ZB.COM exchange as it noted a volume of $8 million via the BAT/USDT pair. The second place was taken by Binance, the largest cryptocurrency exchange as it reported a trading volume of $7 million via the BAT/BTC pair. IDCM was on the third place with $6 million in volume via the BTA/BTC pair.





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