Invest
Unlike: Facebook bans crypto ads
Mark Zuckerberg has taken on the mysterious Satoshi, with Facebook banning ads for cryptocurrency and initial coin offerings.
Unlike: Facebook bans crypto ads
Mark Zuckerberg has taken on the mysterious Satoshi, with Facebook banning ads for cryptocurrency and initial coin offerings.

The social media giant today announced it would change its advertising principles to accommodate a new policy which “prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices”.
That means ads for binary options, initial coin offerings and cryptocurrency are out, Facebook product management director, Rob Leathern said.
He explained: “We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception.
“That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”

Continuing, he said the new policy was deliberately broad because Facebook is still working to improve its detection of deceptive and misleading practices. Facebook will also enforce the policy on its Audience Network and Instagram platforms.
“We will revisit this policy and how we enforce it as our signals improve,” Mr Leathern said.
“This policy is part of an ongoing effort to improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.”
The policy will specifically target ads with phrases like:
· “Start binary options trading now and receive a 10-risk free trades bonus!”
· “New ICO! Buy tokens at a 15 per cent discount NOW!”
· “Click here to learn more about our no-risk cryptocurrency that enables instant payment to anyone in the world.”
· “Use your retirement funds to buy Bitcoin!”
Earlier this month, Facebook CEO Mark Zuckerberg called cryptocurrency an “important counter-trend” to the perception that technology centralises, rather than decentralises power.
However, he said that while cryptocurrencies redistribute centralised power into “people’s hands”, crypto also comes “with the risk of being harder to control”.
He told his Facebook followers: “I'm interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.”
At time of publication, the price of bitcoin has fallen by 8.9 per cent in the last 24 hours, while ethereum fell by 6.06 per cent and ripple by 10.84 per cent.
In fact, of the top 100 currencies listed on the cryptocurrency ranking chart, coingecko, just one, paccoin, is reporting a growth in value, up 11.67 per cent.

Cryptocurrency
OKX launches automated trading bots for Australian crypto traders
Cryptocurrency platform OKX Australia has introduced two automated trading bots aimed at helping local traders manage their digital asset portfolios around the clock. Read more

Cryptocurrency
New survey reveals high crypto adoption in Australia amid housing affordability concerns
A new survey by Protocol Theory, in partnership with cryptocurrency exchange Easy Crypto, has found that nearly 50% of Australians have bought or are considering buying cryptocurrency in the next ...Read more

Cryptocurrency
Investing in digital assets: A new avenue for earning
The digital age has introduced a plethora of new investment opportunities, ranging from cryptocurrencies and blockchain technology to digital art and tokenized assets. For investors in Australia ...Read more

Cryptocurrency
Navigating the crypto landscape: A beginner's guide to investing in Australia
Cryptocurrency has taken the world by storm, offering an innovative platform for digital assets and investments. In Australia, the crypto market has seen substantial growth, attracting both seasoned ...Read more

Cryptocurrency
Cryptocurrency losses mount as hacks and scams continue to plague the industry
The cryptocurrency industry has lost over $400 million to hacks in 2024 so far, with the decentralized finance (DeFi) sector being the most vulnerable, according to research by experts at Smart ...Read more

Cryptocurrency
Institutional investors bolster cryptocurrency allocations amidst growing confidence
A recent study by London-based Nickel Digital Asset Management, a leading regulated digital assets hedge fund, has revealed a significant shift in the mindset of institutional investors and wealth ...Read more

Cryptocurrency
Institutional investors set sights on expanding crypto portfolios in the coming year
New research from London-based Nickel Digital Asset Management, a leading regulated digital assets hedge fund manager, indicates a significant positive shift in institutional investors' attitudes ...Read more

Cryptocurrency
BingX reports significant growth and innovation in 2023 amidst industry challenges
BingX, a prominent crypto exchange, has disclosed notable achievements in 2023, amidst a backdrop of global economic uncertainty and sector-specific turbulence. The company has managed to double its ...Read more

Cryptocurrency
OKX launches automated trading bots for Australian crypto traders
Cryptocurrency platform OKX Australia has introduced two automated trading bots aimed at helping local traders manage their digital asset portfolios around the clock. Read more

Cryptocurrency
New survey reveals high crypto adoption in Australia amid housing affordability concerns
A new survey by Protocol Theory, in partnership with cryptocurrency exchange Easy Crypto, has found that nearly 50% of Australians have bought or are considering buying cryptocurrency in the next ...Read more

Cryptocurrency
Investing in digital assets: A new avenue for earning
The digital age has introduced a plethora of new investment opportunities, ranging from cryptocurrencies and blockchain technology to digital art and tokenized assets. For investors in Australia ...Read more

Cryptocurrency
Navigating the crypto landscape: A beginner's guide to investing in Australia
Cryptocurrency has taken the world by storm, offering an innovative platform for digital assets and investments. In Australia, the crypto market has seen substantial growth, attracting both seasoned ...Read more

Cryptocurrency
Cryptocurrency losses mount as hacks and scams continue to plague the industry
The cryptocurrency industry has lost over $400 million to hacks in 2024 so far, with the decentralized finance (DeFi) sector being the most vulnerable, according to research by experts at Smart ...Read more

Cryptocurrency
Institutional investors bolster cryptocurrency allocations amidst growing confidence
A recent study by London-based Nickel Digital Asset Management, a leading regulated digital assets hedge fund, has revealed a significant shift in the mindset of institutional investors and wealth ...Read more

Cryptocurrency
Institutional investors set sights on expanding crypto portfolios in the coming year
New research from London-based Nickel Digital Asset Management, a leading regulated digital assets hedge fund manager, indicates a significant positive shift in institutional investors' attitudes ...Read more

Cryptocurrency
BingX reports significant growth and innovation in 2023 amidst industry challenges
BingX, a prominent crypto exchange, has disclosed notable achievements in 2023, amidst a backdrop of global economic uncertainty and sector-specific turbulence. The company has managed to double its ...Read more