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Will Facebook’s Plan to Incorporate Blockchain be a Crypto Market Game Changer?

  By David Drake   With increased interest in cryptocurrencies globally, companies in this industry are continually seeking ways to market their brand. As such, social media platforms have become major spaces for advertising crypto-related products. In the beginning, social media giant Facebook, alongside other tech giants like Google and Twitter, allowed ads on cryptocurrencies and initial coin offerings (ICOs) to run on their platforms. This was not to go on for long because in January of this year, Facebook became the first social media platform to ban cryptocurrency ads, including ICOs, on its platform. Though credible ICOs, such as Bitque, URAllowance, BlockVest, AnthemGold and Bank52, do exist, there has been a strong emergence of scam and illegal ICO projects in the cryptocurrency market. This became a concern as scamming ICOs defraud unsuspecting investors of their money using social media platforms such as Facebook. The lack of clear regulation on ... Read More »

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