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Meta Relaxes Facebook's Cryptocurrency Ad Policy — Says Crypto Continues to 'Mature and Stabilize' – Featured Bitcoin News – Bitcoin News

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by Kevin Helms
Meta, formerly Facebook, has relaxed its policy for cryptocurrency advertisements, making it easier for companies to run crypto ads on its platform. “We’re doing this because the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry,” the company explained.
Meta, formerly known as Facebook, announced Wednesday new rules for cryptocurrency advertising.
Instead of “using a variety of signals to confirm eligibility” for advertising on its platform, the company has increased the number of regulatory licenses it accepts from three to 27. Now, businesses only need to have one of 27 licenses to be eligible to advertise on Facebook.
“We’re making it easier to run ads about cryptocurrency on our platform,” Meta emphasized, adding:
We’re doing this because the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry.
The 27 licenses include those issued by regulators in the U.S., Australia, Austria, Canada, Estonia, Finland, France, Germany, Hong Kong, Indonesia, Japan, Luxembourg, Malaysia, Netherlands, Norway, Philippines, Singapore, South Korea, Sweden, Thailand, United Arab Emirates, and the U.K.
In some jurisdictions, more than one license type is accepted. For example, in the U.S., businesses only need to be registered with the Financial Crimes Enforcement Network (FinCEN) as a money service business or have obtained a Bitlicense issued by the New York Department of Financial Services.
Noting that the change does not impact previously approved advertisers, the social media giant detailed:
This change will help make our policy more equitable and transparent and allow for a greater number of advertisers, including small businesses, to use our tools and grow their business.
Meta clarified that prior written permission is still required for crypto platforms, software apps, and products for exchanging, trading, lending, and borrowing. “Cryptocurrency wallets that also allow people to buy, sell, swap or stake their cryptocurrency tokens” and “Hardware and software for cryptocurrency mining” are also included.
The ad change announcement came one day after Meta’s executive David Marcus said he is stepping down and leaving the company at the end of the year. Marcus leads Facebook’s crypto efforts, including a crypto wallet and the digital currency diem, formerly libra.
What do you think about Meta relaxing Facebook’s rules for crypto advertising? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Nigerian Crypto Exchange Raises Over $4 Million in Latest Funding Round
A Nigerian crypto exchange, Busha, recently raised over $4 million in a funding round led by Jump Capital. Busha, a Nigerian cryptocurrency exchange, is reported to have raised a $4.2 million seed funding round recently. These funds, according to the … read more.
Nigerian Crypto Exchange Raises Over $4 Million in Latest Funding Round
A Nigerian crypto exchange, Busha, recently raised over $4 million in a funding round led by Jump Capital. Busha, a Nigerian cryptocurrency exchange, is reported to have raised a $4.2 million seed funding round recently. These funds, according to the … read more.
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SHIB Crypto News: The CoinMarketCap Update Frustrating Shiba Inu Fans – InvestorPlace

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Copyright © 2022 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201.
Shiba Inu is starting a Twitter war with CoinMarketCap over incorrect addresses
It’s no everyday occurrence for a cryptocurrency to start a Twitter (NYSE:TWTR) war with one of its largest price-tracking websites. However, that’s exactly what’s happening this morning with pupcoin Shiba Inu (CCC:SHIB-USD) and price reference site CoinMarketCap. Indeed, the SHIB crypto is catching headlines today with its latest internet tiff.
So, what do you need to know about the Shiba Inu debacle today?
Well, on Thursday, Jan. 13, the official Shiba Inu Twitter made a statement challenging recent actions by CoinMarketCap. SHIB accuses the site of knowingly listing three apparently fake contract addresses for the crypto, for Bep20 (CCC:SNM-USD), Solana (CCC:SOL-USD) and Terra (CCC:LUNA-USD). It went on to state that CoinMarketCap ignored communication requests and expressed its disappointment with the website.
Official Statement regarding the recent actions by @CoinMarketCap . pic.twitter.com/DXP2wZRhYC
— Shib (@Shibtoken) January 13, 2022

The @Shibtoken account followed up with two more tweets elaborating that “$SHIB is an ERC-20 Token Only!” Additionally, the account requested the #ShibArmy to remain “calm and professional” while they wait for a resolution.
CoinMarketCap has responded publicly, denying the claims. How will this latest crypto conflict conclude?
CoinMarketCap took no time in refuting the injurious claims against them with its own clarifying tweet.
For the avoidance of doubt, the addresses are not malicious. There is precedent for us to publish the contract addresses for wrapped assets because it would ultimately streamline the user experience and facilitate cross-chain transactions.
— CoinMarketCap (@CoinMarketCap) January 14, 2022

In addition to the tweet, the site added a notification to the top of its Shiba Inu page. It reads:
“Please note that the non-ETH contract addresses on this page are wormhole addresses, which are designed to facilitate cross-chain transactions of wrapped versions of this asset.”
CoinMarketCap’s defense isn’t without precedent. The practice of including wormhole addresses for wrapped versions of cryptos is common.
Fortunately for Shiba Inu, crypto bulls seem unbothered by the news. The token is up more than 3% so far today, despite the controversy. However, whether the address mix-up will be a thorn in SHIB’s side or not remains to be seen.
On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/01/shib-crypto-news-the-coinmarketcap-update-frustrating-shiba-inu-fans/.
©2022 InvestorPlace Media, LLC
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Quadruple MSRP wanted for GeForce RTX 3090 on eBay while US$16000 secures an Ampere-based mining rig with six GPUs – Notebookcheck.net

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Gamers who have not managed to pick up an RTX 30-series board at anything close to MSRP might want to hold out for the “Lovelace” RTX 40-series launch if listings on eBay are anything to go by. While many graphics cards hunters will be used to the fact that resellers are pricing the boards at around double MSRP, with some examples hitting close to triple MSRP, it now appears quadruple MSRP is justifiable to some sellers. A listing for an Nvidia GeForce RTX 3090 Founders Edition card has a “buy it now” price of an astounding US$6,102, which is almost 4.1x MSRP.
The RTX 3090 card in question is obviously new and apparently unopened, with the unit being supplied by a Japanese store. While this price tag is shocking enough, it’s not even the most-expensive GeForce RTX 3090 board listed, with an optimistic seller wanting US$6,316.70 for an Asus TUF Gaming GeForce RTX 3090 OC Edition. What will be even more galling to frustrated gamers is that this particular seller seemingly has two of these boards available for sale.
However, arguably the most divisive listing here will be the one for the crypto mining rig that is jam-packed with Ampere boards. The rig comes with an RTX 3090 Founders Edition unit, an RTX 3080 MSI Ventus 3X board, an RTX 3070 MSI Gaming X Trio card, two RTX 3060 Ti Founders Editions boards, and one RTX 3060 Ti Asus ROG Strix model (LHR V2 variant). The used mining rig is going for the astonishing amount of US$16,000, although the seller claims none of the GPUs are older than five months. The total MSRP for all of those six boards would be just US$3,894.
It’s worth pointing out that the rig does feature other components, such as a couple of powerful PSUs, an entry-level motherboard, and a dual-core AMD Athlon 2GE processor. But there’s absolutely no doubt the ridiculously high asking price is based on the GeForce RTX 30-series boards alone, and even though AIB partner units tend to be more expensive than Nvidia’s MSRP because of their customizations and enhancements, this is still yet another example of serious price-gouging caused by a combination of ongoing chip shortages and the crypto mining boom.
Buy the MSI Gaming GeForce RTX 3060 Ti Ventus 2X board on Amazon
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Crypto Learn: What is DeFi? – Moneycontrol.com

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Crypto Learn: What is DeFi?  Moneycontrol.com
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