Google to Ban Crypto Ads Since June

Director of Google's advertising quality said that Google need "to approach with extreme caution" in the cryptocurrency area
14 March 2018   130

In an effort to protect its users from various kinds of fraudulent schemes promoted under the guise of crypto currency products and services, Google will prohibit any advertising materials on the topic of crypto-currency, including ICO, wallets and trade recommendations on its AdWords platform from June this year.

This was reported by Scott Spencer, director of Google's advertising quality, in a conversation with CNBC.

We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution.

Scott Spencer

Director of Google's advertising quality

The change will affect the entire line of Google advertising products, advertising of crypto and ICO will no longer be displayed either on the company's own sites, or on third-party sites that cooperate with Google.

Google also reported that it took down more than 3.2 billion ads in 2017 that violated its policies, which is nearly double the 1.7 billion it removed the year before.

Monetha is about to release first version of its wallet app

Monetha's MVP to be released on March 21 exclusively for MTH holders in order to make a significant step towards fully working decentralized trust and reputation system
23 March 2018   71

Starting from March 31 all of MTH token holders will gain exclusive access to Monetha wallet app - the MVP of the project. The release is considered to be Beta release, and approximately 10,500 of the users of the platform will become the first to test out the product. The app will be available on both iOS and Android.

The wallet itself is based on smart contracts and features

  • making/solving claims;
  • rating merchants;
  • writing reviews;
  • review of purchase history;
  • see clients' and merchants' trust ratings

The integration with Monetha through the app will allow merchants to accept Ethereum based tokens as a payment and then easily convert cryptocurrency into fiat currency. Monetha's mission is 'to develop and deploy the best transaction system that would be based on enforceable contracts without third party between consumer and merchants and a strong decentralised reputation management system'. Its solution is going to be universal, transparent, self-executing and transferable.

To the moment of the publication, Monetha's market parameters are as follows:

Average price: $0.102597

Market cap: $22,274,083

Volume (24): $435,208