Its Thursday evening and you are back at it again staring at the charts. You are sitting there pondering to yourself, why is the price dropping again and why did I go all in at $15,000. At the time of…
The crackdown on cryptocurrencies has begun. From Facebook and Twitter to Google – advertising Bitcoin and cryptocurrencies have been banned! Just days ago, Google decided to also ban and remove all crypto mining extensions for their browser Chrome, writes Coindesk.com.
The rumor mills are as always running at full speed in forums and everyone has their own conspiracy theory for why these social media giants and now Google have decided to pull the plug on these types of advertisements. If you want the real reason which led to the ban, you have to first understand the big bad world of scammers. In this article, we will shed light on the issues that led to Google’s decision and why this could actually turn out to be a good thing for cryptocurrency investors and the community of traders!
Over the course of the last year, investors have become increasingly fascinated with the emergence of both cryptocurrencies and the underlying blockchain technology that enables the exchange of digital dollars. The ability to securely record transactions has the potential to revolutionize any number of existing industries, and is being explored by a number of big tech companies.
While estimates vary, the market for blockchain technology could produce compound annual growth of 42.8%, reaching $14 billion by 2022, according to data provided by Netscribes. Some forecasts are even more enthusiastic, estimating that the market will grow from $708 million last year to $60.7 billion by 2024, according to a report by Wintergreen Research.
The Russian Association of Cryptocurrency and Blockchain (RACIB), together with industry associations of China and South Korea, is planning to file a class action lawsuit against Google, Facebook (NASDAQ:FB), Twitter, and Yandex for banning ads related to initial coin offerings (ICOs) and cryptocurrencies. RACIB president Yuri Pripachkin revealed this before media representatives at the BlockchainRF Congress 2018, which started on March 27.
According to Pripachkin, the lawsuit will be filed in US courts through a newly created body called the Eurasian Blockchain Association (EBA). He said a crypto fund would be created, and everyone can contribute to it.
Google is developing its own blockchain-like technology to improve its cloud by adding digital ledger capabilities. Google’s parent company, Alphabet, has built its own distributed ledger system which can be used to log and verify digital transactions.
INTERNATIONAL – Last fall, I uploaded some family videos to YouTube. Then I bought my mother an Amazon Fire TV so she could access them on her living room television.
Well, so much for being a good son. At the end of the year, as you may have heard, Google cut off access to YouTube from Amazon’s popular line of connected TV devices. Now, when my mom presses the remote-control button for YouTube, Amazon invites her to select between two web browsers, instead of taking her to the popular video sharing app.
It’s all part of an ongoing standoff between the two tech giants that’s nearly gotten lost amid the bitcoin boom, the big chip flaw, SoftBank-Uber and Donald Trump’s tweets. But the fight is significant and even frightening in its implications for customers and the principles of internet openness. Alphabet Inc. and Amazon.com Inc., two of the largest companies in the world, are slugging it out in pursuit of their own agendas, hurting customers in the process.
The battle goes back years. Back in 2011, Amazon developed its own version of the Android operating system for its Kindle Fire tablets, leaving apps like Google’s Play Store off the device and offering its own app store. More recently, Amazon has kept its Prime Video app—the service that offers up shows like the Man in the High Castle and the Marvelous Mrs. Maisel—off Apple TV and Google’s Chromecast set-top-boxes.