#CryptoCorner: Twitter ( $TWTR) Bans Crypto Ads, South Korean Outlets to Accept Crypto and Market Continues Slump
#CryptoCorner: Twitter
( $TWTR) Bans Crypto Ads, South Korean
Outlets to Accept Crypto and Market Continues Slump
Point Roberts, WA, Delta BC – March 27, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Crypto Corner – March 27, 2018
By Samuel Mowers at Investorideas.com
Read this news in full at http://www.investorideas.com/news/2018/crypto-corner/03271TwitterSouthKorea.asp
Twitter Bans Crypto
Ads, South Korean Outlets to Accept Crypto and Market Continues Slump
Social media giant Twitter will be banning
Cryptocurrency ads as of today, according to Trey Ditto of Ditto – a PR firm
that specializes in crypto, blockchain and ICOs. This follows similar
restrictions implemented by Facebook in January and Google earlier this month.
Ditto said the following in a statement:
“It’s bad business to make blanket bans. There are
good players in this space – both blockchain, crypto and ICO – that are being
punished because of a few bad players. I think these blanket bans will be
adjusted in the weeks to come with much more specific language around what is
and isn’t legal.
Twitter and Facebook have bigger problems – like
selling our data, altering elections and allowing hate to spread through bots
and fake profiles. It’s hard not to laugh when a company like Twitter - that
promotes millions of fake profiles and allows people to buy fake followers and
likes - all of a sudden has a moral compass in the crypto space.
Blockchain, tokens and even Web 3.0 are direct threats
to companies like Twitter who for too long have dishonestly acquired, sold and
even lost consumer data, but we are moving into a new world where peer-to-peer
transactions eliminate the need for large distrusted institutions and we can
remain private or at least control who does and doesn’t have access to our
information.”
In an article in the Korea Times, it was reported that 6000 outlets in South Korea
will accept cryptocurrencies following a partnership established yesterday
between cryptocurrency exchange Bithumb and Korea Pay’s Service.
“About 200 franchise brands will allow customers to
use the service to pay at 6,000 outlets across the country.
Among the brands are dessert cafe Sulbing, Cafe
Droptop, seafood buffet restaurant Todai and candle store Yankee Candle.
The two companies will work to make virtual
currencies available at 6,000 outlets in the first half of the year and 8,000
by the end of the year.
"We have taken a landmark step," a
Bithumb official said. "We will try hard to set up an environment in which
cryptocurrencies are used extensively."”
The crypto market continues to slump with Bitcoin
(BTC) dipping below $8000 USD late yesterday. The flagship cryptocurrency was
followed in this decline by Ethereum (ETH), which has remained trading below
$500 USD since yesterday. The crypto market cap at press time is hovering around $307 billion USD.
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