A major argument in favor of blockchain technology is the role it will play in disrupting and revolutionizing major industries worldwide, as cryptocurrencies can be used to facilitate transactions and communications in new and empowering ways. While the possibilities of tomorrow are exciting, the utilization of this emerging tech on industries today is similarly significant. Here are five industries already seeing a positive impact through their use of crypto.
Following in the footsteps of Facebook, Google has announced it will ban cryptocurrency and initial coin offering (ICO) promotional material from its ad platform.
Google Cracks Down on Sketchy ICOs & Crypto Ads
Alphabet Inc.’s Google explained the new policy will go into effect in June of this year, affecting its search engine, advertisements on YouTube, and and its display-ads network.
Google’s crackdown is intended mainly to “prevent consumer harm” and follows Facebook, which adopted a similar policy in late January.
Google’s announcement reads:
Japanese crypto exchange Coincheck announced that it would reimburse roughly $ 425 million to its users affected by the recent hack.
Usually when a cryptocurrency exchange is hacked, its users are out of luck. Valuable coins that have been stolen are never seen again, leaving users with empty wallets, shattered hopes, and lots of anger. However, the recent major hack of Coincheck is playing out differently as the Japanese exchange announces it will pay back $ 425 million to those affected by the virtual robbery.