Wednesday, 20 June, 2018

Bitcoin stumbles as Google plans to ban all cryptocurrency related ads

Ads are great, Google says, except for the 3.2 billion bad ones Google to Ban Ads for Cryptocurrencies
Velma Reese | 14 March, 2018, 11:45

Technology: Their technology helps to detect policy violations, new threats and disable those threats, the majority of which are done before people, publishers and advertisers are ever impacted.

The ban on cryptocurrency ads is a similar step taken by Facebook Inc.in January. the two largest web-ad sellers were made out of reach of the nascent digital-currency sector in Facebook.

Last year, for instance, Google pulled 79 million ads for luring online clickers to websites with malware.

Google shared today that the company's ads team killed 3.2 billion so-called "bad ads" in 2017, an increase of 88 percent from the previous year, when the company removed 1.7 billion "bad ads". In fact, after expanding our policy against unsafe and derogatory content in April 2017 to cover additional forms of discrimination and intolerance, we removed Google ads from 8,700 pages that violated the expanded policy.

Google (goog) will ban online advertisements promoting cryptocurrencies and initial coin offerings starting in June, part of a broader crackdown on the marketing of a new breed of high-risk financial products.

Nirav Modi Effect: RBI Stops Letters of Undertaking For Overseas Credit
But these LoUs were rolled over beyond the expiry date and used to leverage one of the biggest frauds in Indian banking history. In the case of letters of credit and bank guarantees, domestic banks issue these in favour of the exporter, or seller's, bank.

Blacklisted 700,000 mobile apps for violating ad policies.

It also blocked 66m "trick to click" ads, which often appear as system warnings to deceive users into clicking on them. Meanwhile, the updated policy of Google for crypto and ICO ads will be effectively implemented from June 2018. We also introduced technology that allows us to better protect our advertisers by removing Google ads from individual pages on a website that violate our policies. ICOs have been very popular recently, and many start-ups raised money by this new method.

Bloomberg reported that the company suspended 7,000 customer accounts for ads that impersonated a news article-what Google calls "tabloid cloaking"-and blocked more than 12,000 websites for copying information from other publications".

Last year's bad ad total was 1.7bn which, presumably, means that Google is doing more or the scammers are getting worse.

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