Baidu’s Move to Ban Bitcoin Related Ads from Its Network Raises Speculations
The Chinese search engine giant and Google's rival, Baidu has suddenly decided to suspend all cryptocurrency related advertisements on its platform. Baidu, the Chinese search engine giant has enforced a blanket ban on all digital currency-related advertisements. This sudden move on Baidu’s part has left many cryptocurrency businesses surprised. Baidu was among one of the first movers when it comes to Bitcoin payments. The company used to accept Bitcoin payments from its music service customers until the Chinese government issued an advisory warning against the use of Bitcoin to all....
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Baidu, China’s largest search engine and web services company, has recently halted all Bitcoin and cryptocurrency-related advertising on its network. CnLedger, a Chinese media network which recently received a grant from the National Natural Science Foundation of China earlier this week, broke the news on August 25, 2016. While many Bitcoin online forums and communities somewhat expected a government pressured company like Baidu to set a negative precedent for Bitcoin and cryptocurrencies, the announcement of Baidu is quite ironic considering the fact that the internet giant invested in....
The ban of all bitcoin and virtual currency-related advertising from the online portals of China’s largest search engine, Baidu, has thrown the fate of cryptocurrencies into a dicey state in the world’s largest market for bitcoin trading and mining. As China literally controls the bitcoin market, this move is likely to have a multiplier effect on the entire ecosystem. Though the reported reasons behind a blanket cryptocurrency-related advertising ban could still be said to stem from speculation, there is a claim that Baidu’s action was in line with recent efforts by Chinese authorities to....
Baidu’s metaverse app will not support digital currencies or NFTs despite its focus on digital infrastructure, VP said. The Chinese internet giant Baidu doesn’t expect to fully launch its XiRang metaverse app soon despite the app’s initial would debut on Monday, according to a senior executive.Baidu vice president Ma Jie believes that it is still “negative six” years to full XiRang’s launch, CNBC reported on Thursday. He noted that the development of the app started in December 2020.Ma spoke of “Create 2021,” Baidu’s upcoming annual developers’ event, which the company promotes as the....
The Cardano network is no stranger to accelerated growth but every now and then, there is a spike that causes the market to take a pause. This has been the case with the number of new wallets added on a daily basis which had reached a high of 7,600 new wallets added in a single day. While this is going on, speculations abound as to why the network is now seeing this rate of accelerated growth compared to when the market was still in a bull trend. More Adoption Coming The adoption of the Cardano network has been one of the reasons behind this increased interest in the blockchain. More users....
1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build new protocols. 1inch Raises $175 Million From Strategic Investors Over the last year, decentralized finance (defi) has propelled itself into the spotlight as a great number of dex platforms now provide users with the ability to trade and provide liquidity in a decentralized fashion. 1inch Network....