Today’s most important news from the world of Blockchain and crypto currency: Twitter may ban Bitcoin related ads, Bank of England governor Mark Carney stated that crypto currencies don’t pose risk, New Zealand to become a living Blockchain laboratory
Just as Facebook and Google recently put a ban on cryptocurrency advertisements, Twitter has been reported to do the same. The ban may take place in the coming two weeks and will forbid the advertising of ICOs, token sales, crypto wallets, as well as crypto exchanges.
Twitter has had a tough time these last weeks. The social media company had to block cryptocurrency profiles because there had appeared a great number of scam accounts.
Bank of England governor Mark Carney stated in a letter to representatives of the G20 that cryptocurrencies do not pose any possible threat to the financial market. Carney, being a chairman of the Financial Stability Board, rejected the perspective of putting regulation on digital currencies, such as Bitcoin.
The FSB's initial assessment is that crypto-assets do not pose risks to global financial stability at this time, – Mr Carney said in a letter to G20
Fibonacci levels are among the leading interesting theories of financial trading. A series of numbers where every number is the total of the two preceding numbers, help to answer a simple mathematical property where each one is defined as a total of the two preceding ones. The modest is the series 1, 1, 2, 3, 5, 8, 13, 21, 34, 55 etc., and of course is infinite. The sequence has been well experimented and approved for work.
The latest research shows that Libra, the cryptocurrency owned by Facebook, is now ranked the third most searched keyword on Weibo, a Chinese search engine. Libra follows words like “Chinese Movie Star” and Mona Lisa correspondingly. This is an indicator that people living in the country have started to gain appetite for digital currency including Libra, Bitcoin and others.
The government of India seems to be confused when it comes to the previous bitcoin and cryptocurrency ban. Last year, the government made it clear that whoever is caught illegally participating in the mining, buying or selling of cryptocurrencies, he or she will be jailed for around 10 years, according to the draft "Banning of Virtual Currency Restrictions and Official Cryptocurrency Regulation Bill 2019". With the help of VPN, citizens continued to deal in cryptocurrencies and nothing was done to them. Now, the authority has come out to show its position on this matter, by revealing that the financial authorities have imposed no restrictions yet on digital currency dealings.