Crypto Prices listed on Coinbase, the largest US crypto exchange, and popular data provider CoinMarketCap.com dropped briefly on Tuesday, reports Arab News.
Several tokens have highlighted the benefits of the stars. That sent users to run over major storms, reports Bloomberg.
Coinbase Crypto also adds that it is still investigating. The prices and complexity of trading with Coinbase Wallet. Which allows clients to manage their crypto assets.
However, no company has provided an explanation for what went wrong.
“Everyone listens to the distractions. They all use the same source of data. That can create a herd behavior to drive investment decisions. “said Rosario Ingargiola, founder of Bosonic, a crypto-cleaning platform and solution.
“We have not yet received any evidence that today’s problem.
Support
Morgan Stanley-Backed Bitcoin servicer NYDIG raised $ 1 billion. In its latest round of funding, highlighting Wall Street’s growing interest in the crypto space.
Annual agreement with FTX Trading Ltd. of $ 1 billion in July beacuse following the promotion of Robinhood Markets Inc. at $ 3.4 billion in January, according to PitchBook. data.
The round was led by equity development company WestCap, with the participation of Bessemer Venture Partners, MassMutual, FIS and others.
Trading
Bitcoin, the leading foreign exchange cryptocurrency. Traded sharply on Wednesday, rising 0.87 percent to $ 47,605 at 5:00 pm Riyadh time.
Ether, the second best-selling cryptocurrency, sold at $ 3,816, up 0.53 percent, according to data from Coindesk because of trading.
The Advertising Standards Authority (ASA) claims that monitoring cryptoassets. Such as Bitcoin, is “a precautionary measure” following concerns that many ads fail to fully reflect investment risk.
The banned ads included a pizza series promotion because Facebook ads for a major cryptocurrency exchange because it concerns with crypto.
The ASA says it hopes to develop a new direction in cryptocurrency marketing.
The companies whose ads were found to be infringing are:
Coinburp: Coinburp’s Twitter page. A crypto currency trading platform.
EToro (UK): eToro’s paid display display, stocks and cryptocurrency trading platform.
Payward: Kraken digital poster , cryptocurrency exchange online.
Exmo Exchange: A YouTube video that enhances cryptocurrency exchange Exmo
Luno Money: An in-app ad for Luno, a crypto currency exchange service.
Coinbase Europe: Coinbase’s paid Facebook ad, a cryptocurrency exchange platform.
Papa John’s GB: Promotion on the website of a series of Papa John’s pizza restaurants and Twitter posts because of trading.
The promotion of Pope John’s banned website gave consumers because “free Bitcoin worth £ 10”, as well as telling customers. “Save £ 15 if you spend £ 30 or more and get Bitcoin worth £ 10 Crypto at Luno ! “
Crypto Platforms
Kraken’s ad, which led to a complaint to the ASA because it appeared on the London Bridge channel in a digital poster.
Although it had a long excerpt. The ASA thought that ” Crypto consumers would not have had the time to understand the relevant details in the disclaimer statement, if at all seen, and therefore vague”.
The decision comes as some politicians question because whether cryptocurrency ads should work on London’s trains and buses.
In November, the ASA announced it was investigating ads. That appeared under the cryptocurrency Floki Inu – the so-called “meme coin” named after billionaire dog Elon Musk.
That investigation is still ongoing, the ASA said, although Floki Inu insisted that their ads complied with the rules.
