Baidu Stops All Bitcoin-Related Advertising
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....
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China’s largest search engine, Baidu, has discreetly removed all bitcoin and virtual currency-related advertising from its online portals. China, the world’s largest market for bitcoin will no longer see bitcoin-related advertising on the country’s most-used search engine Baidu. The search engine giant moved to remove all cryptocurrency advertisements from its online portals this Thursday. Prominent Chinese exchanges OKCoin and Huobi confirmed the ban to Bloomberg, which claimed that the move was a reaction to the growing number of cryptocurrency-related Ponzi schemes and scams in the....
News has come in this morning that Baidu has banned bitcoin advertising on its website which handles almost all of China’s search inquiries. The action follows the tragic death of Wei Zexi, a college student with cancer who sought treatment from a hospital found through an online advertisement. Zexi stated in a post before his death that Baidu had mislead him to seek treatment from a hospital that had advertised a treatment researched in collaboration with Stanford. This turned out to be untrue, sending the Chinese internet on fire and bringing to surface seemingly long-held allegations of....
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....
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....
Baidu Jiasule ("Baidu Accelerated"), a Cloudflare-like service offering a website firewall, protection against distributed denial of service attacks and other similar features, has started accepting bitcoins as payment. The Bitcoin payment option is currently manual, with the main site telling its users to contact a phone number if they need to pay with Bitcoin, but this is nevertheless the first instance of a major Chinese site accepting payments in Bitcoin. The news is particularly significant because of the connection to Baidu, a site which is often seen as a Chinese equivalent to....