Bitcoin Gains Some Ground Wednesday as Google Partially Reverses Ban

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Google's partial reverse of its Bitcoin ban has resulted in the price of that cryptocurrency gaining some ground Wednesday.  The price of Bitcoin was hovering around $6500 closing in on Midnight Eastern Standard Time.

The increase was around 1%.

Cryptocurrencies overall were higher, with the coin market cap of total market capitalization at $214 billion at the time of writing compared to $206 billion on Tuesday.

Ethereum,or Ether, rose 1.57% to $213.26 and Litecoin was at $57.179, up 3.37%.

The rise comes as Google announced it will now permit government-registered trading platforms to promote their companies in the U.S. and Japan starting in October.

The tech giant imposed a global ban on all types of crypto-related ads in June.

Up to 70% of online gambling transactions are now via cryptocurrencies such as Bitcoin at some North American-facing Web gambling sites.

- Aaron Goldstein,

Business/Financial News

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