Baidu’s Slap of Bitcoin with a Ban Is a Wake up Call to All
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....
Related News
It was the slap heard and seen around the world. For the last couple of years, the Academy Awards have left fans perplexed and dismayed – either by announcing the wrong film as the winner or by being just plain monotonous. And this year is proving to be yet another mind-boggling mess. In an unusual […]
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.
A Bank of International Settlements (BIS) executive, Benoît Cœuré, says that crypto is “growing very fast” and ”becoming mainstream in different ways.” Emphasizing that decentralized finance (defi) is a “wake-up call” for financial regulators, he said countries “are likely to agree on a global framework for crypto next year.”
BIS Officer Sees Defi as a Wake-up Call for Regulators, Global Policy Expected Next Year
Benoît Cœuré, a member of the BIS Executive Committee who is currently....
By now, we are all aware of the financial calamity that has befallen Cyprus in the past three weeks. Since the deposit haircut was first announced and banks were shut down, many have lost their jobs as businesses suddenly find themselves without the means to pay anyone, others have seen their plans for retirement ruined, the economy has largely reverted to cash, and the banking sector, one of the two key pillars of Cyprus' economy together with tourism, will never be the same again. We at Bitcoin Magazine and the team behind GoldMoney GoldMoney, however, have decided to actually go 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....