Baidu Ban Makes Bitcoin’s Fate Unknown in Its Largest Market
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....
Related News
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....
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....
Search engine giant Baidu has announced it is now accepting payment in bitcoin for its Jiasule service, which improves websites' performance, speed and security. Baidu, which has a market cap of $53 billion, is rated by web information company Alexa Internet as the most visited website in China and the fifth most visited website in the world. Founded in January 2000, Baidu is similar to Google in that its offers a variety of tools and services to produce information and products in response to search terms, however, Baidu is specific to Chinese-language search terms. Baidu Jiasule is a....
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....
China’s most popular search engine, Baidu, froze bitcoin ads Thursday in what Bloomberg suggests is a “growing wariness” on behalf of business and government. Baidu Mimicking Official Sentiment? Baidu has declined to comment on the move, but the ban has been confirmed by both Huobi and Okcoin, local Chinese exchanges. Since Thursday, speculation has....