Snapchat joins the ban on cryptocurrency ads

Snapchat changed policy on the crypto-related advertisements – now ICOs have to look for another ad-provider, general cryptocurrency ads are for now unaffecte
22 March 2018   716

Recently there has a been a surge of large online platforms banning cryptocurrency and/or ICO advertisements. At first it was Facebook, after that – Google's AdWords platform and now Snapchat joins their ranks.

According to reports, the Snapchat's parent compnay Snap Inc. has benn working on changing its policy since February 2018. The restriction imposed won't affect all the cryptocurrency-related ads, but token sales advertisements are outright banned from now on.

CoinDesk asked the Snapchat representative for further clarification and they confirmed the rumors:

The move makes Snapchat the latest social media platform to ban ads for cryptocurrency ICOs, an increasingly popular form of raising money by issuing virtual tokens instead of more traditional company shares.

The decision to ban only the ICO-related ads seems quite tame in comparison to Facebook and Google's policy on the matter. As usual, the rumors go on to state, that current ban was fueled, again, by US SEC repeated warnings about protecting users from scammers, raising money for non-existent start-ups. While the representative failed to either confirm or deny such claims, it seem quite possible that it was the case.

Cardano Hardfork to be Announced

During the upgrade, aimed to update the Cardano consensus algorithm, the Ouroboros Bizantine Fault-Tolerant protocol will be implemented
21 January 2020   97

The head of the blockchain company IOHK, Charles Hoskinson, spoke about plans to hold Cardano hard fork in mid-February. He said this during a stream on YouTube.

Hardfork aims to update the Cardano consensus algorithm. During the upgrade, the Ouroboros Bizantine Fault-Tolerant (OBFT) protocol will be implemented.

What changes will occur after the implementation of OBFT, the head of IOHK did not explain. At the same time, he noted that the integration of Ledger hardware wallets with Daedalus wallet software will soon be implemented.

At this stage, the project is negotiating with exchanges, as well as checking the readiness of the infrastructure. Nevertheless, according to Hoskinson, "everything is going well" and they do not plan to postpone the hard fork.