There are many technology companies that do
not allow cryptocurrency ads. Some technical giants have also banned these kinds
of advertisements such as Google. Facebook also disallowed all ads related to
digital money. Now Microsoft is also taking down all cryptocurrency ads from
its search engine “Bing”.
Bing has Banned Cryptocurrency Ads
Another big company decided to shut down
the cryptocurrency ads. Yes! Microsoft recently cracked down on cryptocurrency
ads. The latest cryptocurrency news states that from July 2018, all
cryptocurrency ads will be banned from Microsoft’s search engine Bing. This
decision is practical for anything related to cryptocurrency, crypto companies,
unregulated options, and initial coin offerings.
There is a serious requirement for the
cryptocurrency regulations. The absences of cryptocurrency regulations are
posing serious challenges. According to Investing.com, Microsoft shuts down the
cryptocurrency ads because these unregulated products were creating risk for
the users of the search engine. The cryptocurrency-related scams are increasing
day by day. These scams are getting into action due to paid advertisements on
search engines.
Microsoft also joined the list of some
other big companies that banned cryptocurrency advertisements. So, this move is
not very shocking as already some tech giants have cracked down on cryptocurrency
ads. There is a hype related to Bitcoin and altcoins nowadays. Evil plans are
launched by criminals by taking advantage of this scenario. It is not easy to
prevent these scams. Hence, the better way to handle the situation is to ban
these ads. This step will have a very little effect on the cryptocurrency
industry.
The Major Reason for the Price Dip
Media is blaming the decision of Microsoft
for the recent cryptocurrency dip. But according to many other sources, this is
not a valid cause. Taking down the ads f cryptocurrency from Bing has not
caused a sell-off in the world of Bitcoin and Altcoins. The digital market is
not affected by this as in the past these decisions have already taken place by
Google,
Facebook, and some others.
The truth is that the market of
cryptocurrency is very volatile. Since the start of this year, a negative
pressure on the industry of digital money is growing. It looks like the
pressure on the crypto market is not decreasing, although it’s not impossible
to know the actual reason behind this. For the coming few days’ dips will be
bought and this cycle will be repeated. In spite of all this negative pressure,
the crypto experts still believe that the positive trends are expected soon.
The question is that whether Bitcoin will
hit $50,000 this year or not? Although it does not seem like Bitcoin will be
able to hit this rate but anything can happen in cryptocurrency market. People
keep on checking that how their coins are doing in the market. Now, crypto portfolio tracker has made the work easier for them. With the help of this app,
they can track their crypto portfolio anytime.
This volatility will remain in the field of
cryptocurrency unless the proper regulations are set. Many counties are working
on generating a set of regulations but it’s not an easy process.
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