Google Allows Cryptocurrency Ads Again — with Limitations
Google is allowing cryptocurrency ads again, starting next month. Previously, Google had banned cryptocurrency ads (along with other tech giants Facebook and Snapchat) when a wave of bad publicity, populated with scams, had surrounded the space. Facebook has since also reversed the ban.
Ads for ICOs are still banned and companies will need to apply for certification to advertise. Ads will only be allowed to run in the U.S. and Japan.
Coinbase Revamps Listing Criteria, Will Expand Token Listings
Coinbase has revamped its criteria for cryptocurrency assets to be listed on the exchange. It has now created a process to list tokens in an effort to expand the tokens the company lists.
Token teams will now be able to submit an application for Coinbase to review. In addition, teams will be charged both an application fee, as well as a listing fee if approved. Coinbase, the largest exchange in the U.S. both by customer size and trading volume, has been lobbied by several companies, including Ripple to list, their asset.
Bitmain Files for IPO in Hong Kong
Bitmain, a Bitcoin mining company founded by billionaires Jihan Wu and Micree Zhan, has filed for IPO in Hong Kong. Estimates project that Bitmain owns 75% marketshare of the cryptocurrency mining gear industry.
According to the company’s filings, Bitmain made a profit of $742 million in the first half of this year. This mostly comes from selling hardware to mine crytocurrencies.
Circle Launches it Stablecoin, USDC
Circle has launched its stablecoin pegged to the US Dollar. USD Coin can be bought, sold, or traded on Circle Trade, Poloniex, the exchange it had purchased last year, Huobi, OKCoin, KuCoin, and Coinbase.
Stablecoins provide a way to short cryptocurrencies without actually cashing out in fiat, which often results in tax hassles. It also makes it easier to buy cryptocurrencies when you do decide to get back in.