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Twitter Confirms Ban of Bitcoin Ads, Prices Continue Downward Spiral

Written by:
Guest
Published on:
Mar/26/2018

(Associated Press) - Bitcoin began the week on a down note, declining as much as 8.7 percent, pushing the biggest cryptocurrency’s decline for March to about 25 percent.

Twitter Inc. confirmed today that it’s banning advertisements for initial coin offerings and token sales on its social-media platform. The decision comes after Facebook Inc. banned cryptocurrency ads in January and Alphabet Inc.’s Google said it would ban such ads starting in June, as part of a broader effort to crack down on deceptive and misleading advertising on their platforms.

After reaching a record high of almost $20,000 in December, Bitcoin has slumped about 60 percent as investors reconsider the prospects of the digital currency and regulators around the world increase scrutiny.

The U.S. Securities and Exchange Commission sent a number of subpoenas earlier this month to ICO teams it suspects are breaking securities regulations, and it has warned since July that some of the offerings may be breaking securities regulations. Twitter said on March 7 that it was implementing measures to prevent crypto scams.

Business/Financial News

California Fintech, Founders Settle SEC Crypto Fraud Claims

California Fintech, Founders Settle SEC Crypto Fraud Claims

The SEC said in filings in Los Angeles federal court on Wednesday that Uulala Inc and founders Oscar Garcia and Matthew Loughran raised $9 million from investors between 2017 and 2019 through an unregistered initial coin offering.

Bitcoin Ecosystem Rallies to Repel Doomed Re-Org Attacks

Bitcoin Ecosystem Rallies to Repel Doomed Re-Org Attacks

The attacks work like this: a miner accumulates hash power and creates a chain of competing BSV blocks in secret, which contain transactions written to benefit the attacker, such as by double-spending BSV by appearing to deposit it into an exchange wallet.

What Do Broken Down McDonald's Milkshake Machines Have to Do With a Bitcoin Mastercard Conspiracy?

If franchisees want to switch solutions, the only option that the parent corporation allows is to switch to a software “upgrade” called “Powerhouse Dynamics,” which is owned by the parent company of Taylor, so you can't really escape the system.  Enter Mastercard's similar setup with Bitcoin.

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

Plus EU’s ban on anonymous digital currency transfers—a deep dive....cryptocurrency won't be so anonymous any more. 

Bloomberg: DOJ Probing Tether of Bank Fraud

Bloomberg: DOJ Probing Tether of Bank Fraud

A U.S. probe into Tether, a digital token widely used to trade Bitcoin, is looking into whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market, according to a report filed by Bloomberg News Monday morning.

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