Is this something we should rejoice over and how will these impact in Crypo Space?
Facebook allows Coinbase to advertize in the social network.
Google includes major coins in the exchange rate converter.
The largest global social network white listed Coinbase from its advertizing ban for cryptocurrency and ICO related companies. The news popped up on Saturday when CEO of the US-based crypto exchange Brian Armstrong posted a tweet with attached Coinbase ad in Facebook:
"Facebook banned ads for crypto earlier this year. Proud to say we've now been white listed and are back introducing more people to an open financial system."
The community cheered the news while the post gathered over 160 comments.
Meanwhile, Google also seems to have warmed up towards digital assets and added Bitcoin, Bitcoin Cash, Ethereum and Litecoin to its online currency exchange converter. If a user searches Google for these coins, the system automatically displays their exchange rates for these coins in user's local currency.
It is worth noting that Google's rates differ from CoinMarketCap data, while the source of quotes is not readily available.
Earlier we reported that Google's co-founder Sergey Brin confessed that he had been mining Ethereum together with his ten-year-old son.
All major cryptocurrencies have started the week in a green zone. Bitcoin is one of the growth leader: the coin gained 4% on a daily basis and jumped above $7,700 handle. Ethereum climbed 1% higher to $467, while XRP settled at $0.4592, 2% higher on a daily basis. Bitcoin Cash is changing hands at $827, up5.
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It was then a great move for Google and Facebook to unban crypto Ads. It is a big Help for those who are following and joining crypto currency projects. Although. it is open now of doing such Ads to their company the best thing was that, the company only accepting those which are licensed ICOs and signatures. They are restricting those fake crypto Ads and scammers. It is such a good indication that the positive tone of the US congress about the cryptocurrencies had helped peoples doubt of adapting cryptocurrencies.