The Value of Ethereum (ETH) Surges Higher As Facebook and Google Lifts Ban on Digital Currency Ads

The largest social network platform in the world exempted Coinbase form its ads ban for digital currency and Initial Coin Offering related firms. The news surfaced on the internet on Saturday when Brian Armstrong – the CEO of the US-based digital currency trading platform posted a tweet with an attached Coinbase advert in Facebook.

Armstrong’s Post

In the post, Armstrong said: “Facebook placed a ban on digital currency ads earlier this year, but he is proud to say now that they have been whitelisted and exempted from the ban.” He said they are back to introduce more people to an open financial system. The news got the crypto community very excited and the post gathered more than 190 comments.

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Google Has Also Gone Back on Its Position on Digital Currencies

Google – the largest tech firm in the world – also seems to have changed its mind regarding digital currencies, and the firm has added Ethereum (ETH), Bitcoin (BTC), and Litecoin (LTC) to its online currency exchange converter.

If users search for any of the aforementioned digital currencies, the search engine will automatically display the current exchange rate of the digital currency in the local currency of the user. However, it’s worth noting that the exchange rate of Google is slightly different from Coinmarektcap.com.

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Also, Sergey Brin – the co-founder of Google, earlier said that he has been mining Ethereum (ETH) with his ten years old son. He is very bullish about Ethereum (ETH), and his comments also played a key role in the value of the coin.

Ethereum (ETH) Price Today – BTC / USD

Name Price24H (%)
Ethereum (ETH)
$209.48
-0.96%

A lot of digital currencies in the crypto market are presently in the green, and Ethereum (ETH) is not left out. The second largest digital currency in the world based on market cap is trading at $462.77 after an increase of less than 1 percent over the past twenty-four hours. The market cap of Ethereum (ETH) is $47.19 billion and its trading volume over the past twenty-four hours is $1.39 billion.


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