{"id":3958,"date":"2018-01-31T02:45:40","date_gmt":"2018-01-31T02:45:40","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=3958"},"modified":"2018-01-31T02:45:40","modified_gmt":"2018-01-31T02:45:40","slug":"crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\/","title":{"rendered":"Crypto Currency Market Bleeds as Facebook Bans ICO &#038; crypto ads"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3960 alignleft\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/01\/facebook.jpg\" alt=\"\" width=\"380\" height=\"250\" \/>All major crypto currencies are on a downhill at the time of writing this article, following an <a href=\"https:\/\/www.facebook.com\/business\/news\/new-ads-policy-improving-integrity-and-security-of-financial-product-and-services-ads\">announcement<\/a> banning binary options and crypto currency advertisements by the social media platform provider Facebook. Bitcoin (BTC) has fallen below the psychological level of $10,000, while Ripple (XRP) struggles to hold above the psychological level of $1. Interestingly, Ethereum continues to receive huge support near $1000.<\/p>\n<p>Facebook, through its blog, <a href=\"https:\/\/www.facebook.com\/policies\/ads\/prohibited_content\/prohibited_financial_products_and_services\">announced<\/a> that it will not tolerate advertisements of financial products and services related to binary options, ICOs, or crypto currency. The blog announcement states that the company has taken such a decision to discourage misleading or deceptive promotional practices. The blog further goes on to say that most of the companies advertising binary options, ICOs and crypto currencies do not operate in good faith.<\/p>\n<p>Facebook also intends to implement the policy in Instagram and Audience Network. Facebook stated that these advertisements violate the core <a href=\"https:\/\/newsroom.fb.com\/news\/2017\/11\/our-advertising-principles\">advertising principles<\/a> of the company. The company has also requested Facebook users to report content that violates the principles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All major crypto currencies are on a downhill at the time of writing this article, following an announcement banning binary options and crypto currency advertisements by the social media platform provider Facebook. Bitcoin (BTC) has fallen below the psychological level of $10,000, while Ripple (XRP) struggles to hold above the psychological level of $1. Interestingly, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,1],"tags":[],"class_list":["post-3958","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto Currency Market Bleeds as Facebook Bans ICO &amp; crypto ads<\/title>\n<meta name=\"description\" content=\"Social media platform provider Facebook announced that it is banning ads related to crypto currencies &amp; ICOs in the best interest of users. Bitcoin, Ripple, Ethereum and other crypto currencies plunged on the reports of the ban.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Currency Market Bleeds as Facebook Bans ICO &amp; crypto ads\" \/>\n<meta property=\"og:description\" content=\"Social media platform provider Facebook announced that it is banning ads related to crypto currencies &amp; ICOs in the best interest of users. Bitcoin, Ripple, Ethereum and other crypto currencies plunged on the reports of the ban.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-31T02:45:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/01\/facebook.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"Crypto Currency Market Bleeds as Facebook Bans ICO &#038; crypto ads\",\"datePublished\":\"2018-01-31T02:45:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\\\/\"},\"wordCount\":177,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/facebook.jpg\",\"articleSection\":[\"Cryptocurrency\",\"USA\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\\\/\",\"name\":\"Crypto Currency Market Bleeds as Facebook Bans ICO & crypto ads\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/crypto-currency-market-bleeds-as-facebook-bans-ico-crypto-ads\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/facebook.jpg\",\"datePublished\":\"2018-01-31T02:45:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"Social media platform provider Facebook announced that it is banning ads related to crypto currencies & ICOs in the best interest of users. 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