This is Why Bitcoin Prices are Falling
Bitcoin prices are Falling
The value of the bitcoin virtual currency fell to its lowest level in a month after tech giant Google announced it will ban ads promoting crypto currency and initial coin issuance (ICO).
Authorities in the industry say that in a US Congressional hearing, regulators need clarity on the virtual currency.
The weakness of the bitcoin is the lowest since February 12, 2018. According to Google parent Alphabet Inc., the ban on virtual currency advertising and ICo will be effective in June 2018.
Google's rival, Facebook, has been banning virtual currency advertising including bitcoin since January 2018.
Google itself bans it from bad ad data or "bad ads," which is a barrage of fake, controversial and cyber-crime ads, on Google's search engine, to its video networks.
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