Bing's crypto ads ban affects cryptocurrency prices

Posted 16 May, 2018

Bitcoin and other cryptocurrencies have softened in the middle of the week after Microsoft search service Bing announced its plans to ban crypto advertisements. Earlier, such move had been made by Google and Facebook.

The leading digital coin was priced on the Bitfinex at $8,211, while Ethereum on this platform changed hands at $687.20. 

A decline was also recorded on the Poloniex – Ripple price decreased to 0.67809. 
Quotes of Litecoin dropped to $136.12 (some 7% down).

According to the news reports, Bing will not show advertisements of cryptocurrencies, related products, and unregulated binary options. The company intends to ban ads worldwide during the summer months.
“Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers,” commented Bing's spokesperson. 

As it was reported earlier, the leading social network Facebook took similar steps this January, citing that advertisements of financial products and services misinform users or are fakes, like ICO, cryptos. After that, Google followed the trend and deleted all applications with mining scripts in Google Play market.

Previous story

16 May, 2018 15:48

← Brexit fears move sterling back to bottom

The sterling has touched the year-to-date bottom against the US dollar in the middle of the week driven by the renewed fears of the Brexit process and small salary increase in the UK. The sterling-to-US dollar exchange rate reached $1.3434, posting new bottom of the year. The member of parliament stated on Tuesday that the detailed plans for further relations with the EU in attempt to...

Brexit fears move sterling back to bottom

Next story

16 May, 2018 11:23

Ripple company starts Xpring project →

USA's Ripple company has announced new project Xpring. With the new program, the company strives to lure business partners to use its XRP coin and blockchain in their innovative solutions. According to the reports, the new startup will be led by the former Facebook director on a partnership with third-party platforms, Ethan Beard.

Ripple company starts Xpring project
Write a comment
Prove you’re not a bot + 7 = 16