Science

Google to Ban Cryptocurrency, ICO Ads from June

Google to Ban Cryptocurrency, ICO Ads from June

This was possible in part thanks to new technology that lets the team remove Google ads from individual pages on a website that violate its policies, helping scale enforcement for policies that prohibit monetization of inappropriate and controversial content.

The move follows an earlier decision by Facebook which banned such ads in January after finding that too many of its customers were being misled by cryptocurrencies such as bitcoin.

According to the search engine giant, it blocked 79m ads on its network previous year for automatically sending people to malware-laden sites and removed 400,000 of these unsafe sites. Last year, Google generated $95.4 billion in ad revenue, up 20 percent from 2016.

According to a company's blog post, Google removed around 3.2 billion "bad ads" and blocked over 320 thousand publishers, 90 thousand websites, and 700 thousand mobile apps from using its ads network.

Removed 48 million ads trying to get us to install software we don't want.

Ronda Rousey was missing from WWE Raw
Do you think Ronda Rousey will ever entertain another fight in the UFC or is her career finished? That will officially serve as her in-ring debut for the sports entertainment organization.

Last year, we removed 320,000 publishers from our ad network for violating our publisher policies, and blacklisted almost 90,000 websites and 700,000 mobile apps.

Google will ban the advertisements related to cryptocurrencies and Initial Coin Offerings from June. In addition, the restriction will apply to Google's both proprietary and affiliated advertisement platforms.

The most popular cryptocurrencies largely remained unfazed by the news. That's an average of 100 per second, and an increase from 1.7 billion removals of bad ads in 2016.

In a what looks like a pre-emptive strike Google says it will add policies addressing ads in unregulated, overly complex, or speculative financial products like binary options, crypto-currencies, foreign exchange markets and contracts for difference (CFDs), an exotic financial bet.

Bad ad practices that Google worked to stop include phishing scams to fool you into revealing personal information like passwords and account numbers, links to sites that try to trick you into installing malware, ads placed along news stories copied from legitimate news sites and violations of some Google ad privacy requirements.


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