China Removes Cryptocurrency Ads from Social Media

Chinese platforms Baidu and Weibo have stopped displaying sponsored posts and paid advertisements relating to cryptocurrencies
04 February 2018   461

Hong Kong-based media have reported that leading Chinese search engines and social media platforms have stopped displaying sponsored posts and paid advertisements relating to cryptocurrencies. This is reported by South China Morning Post.

According to the report, keywords such as ‘bitcoin’, ‘cryptocurrency’, and ‘ICO’ appear to predominantly elicit journalistic content when searched on popular Chinese platforms Baidu and Weibo, whilst yielding an apparent absence of sponsored content. Weibo has confirmed that it does not presently allow advertising relating to cryptocurrencies, whilst Baidu is yet to comment on the matter.

The news comes as Facebook prohibited all advertisements for cryptocurrency and ICOs as part of an ongoing effort to improve the integrity and security of ads and to make it harder for scammers to profit from a presence on Facebook.

The policy specifically prohibits ads that promote those types of products and services that are frequently associated with misleading or deceptive practices.

Former SpaceX Engineer to Launch Crypto Exchange

Earlier CEO of LXDX Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX
18 September 2018   92

The supplier of exchange technologies and services LXDX launches a new trading platform for digital assets. This is reported by the publication LeapRate with reference to the company's CEO Joshua Greenwald.

He said that the new platform will make institutional trade instruments available to a wide range of crypto traders.

Our immediate focus is on cryptocurrency and enabling every investor to utilize the exclusive tools, like smart order routing, that only institutions previously could access. When we built top tier infrastructure for traditional markets, our team solved many of the same problems facing cryptocurrency exchanges today. We are excited to bring a higher caliber of technology to cryptocurrency investors everywhere.
 

Joshua Greenwald

CEO, LXDX

The site will fully meet the requirements of KYC / AML.

Earlier Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX. His startup received support from large investors, one of which was the venture fund Dymon Asia. In September, LXDX moved to Malta.