Google Admits Crypto Winter Is Hurting Ad Business
The digital asset market downturn that started the current crypto winter is negatively affecting search spending, Google has acknowledged. Ad growth in the third quarter fell to a low seen only once in almost a decade, the tech company revealed this week. With Fewer Crypto Ads, Google Registers 6% Ad Revenue Growth in Last Quarter Online advertising giant Google has partially blamed a slowdown in revenue growth on decreasing ad spending by financial firms, including those working with crypto assets. During parent company Alphabet’s earnings call on Tuesday,....
Related News
According to a report from CNBC, big tech company Google has been affected by the downside trend in the crypto market. The company recently published its Q3 2022, earnings report showing that its revenues decreased due to the decline in value across the nascent asset class. Related Reading: Is Ethereum A Security? Cardano’s Charles Hoskinson […]
Former U.S. President Donald Trump has commented on the growing popularity of cryptocurrencies and the crypto crackdown by the Chinese government. He reiterated his anti-crypto stance: “I don’t want to have other currencies coming out and hurting or demeaning the dollar in any way.”
Donald Trump Comments on Crypto and China’s Crackdown
Former U.S. President Donald Trump commented on the growing popularity of cryptocurrencies and the Chinese government’s crypto crackdown in an interview with Yahoo Finance’s Adam Shapiro, published....
The rise of bitcoin is hurting the gold market and may continue to do so for many years to come as institutional adoption grows, according to JPMorgan Chase & Co strategists. Led by Nikolaos Panigirtzoglou, the strategists noted the declining inflow of funds allocated to gold exchange-traded funds (ETFs) since October, as flows into bitcoin (BTC) funds have swelled almost simultaneously. They said that the move “represents the transfer of billions in cash.” “The adoption of bitcoin by institutional investors has only begun, while for gold its adoption by institutional....
Users of Google Pay now have another access point to the cryptocurrency markets thanks to Crypto.com’s integration of its payment options. Crypto.com Adds Google Pay Feature A Google Pay in-app purchase option will soon be available on the cryptocurrency wallet and trading platform Crypto.com App, allowing users to buy cryptocurrency quickly and securely. The crypto […]
Google has announced an update to its financial products and services policy, which includes its policy on cryptocurrency advertising. The new rules will take effect in August and all prior crypto exchange certifications will be revoked. Advertisers must request new cryptocurrency exchanges and wallets certification with Google. Google Introduces New Crypto Ad Rules Google Inc. posted a notice Wednesday regarding its new crypto ad policy. “This policy will apply globally to all accounts that advertise these financial products,” the Internet giant wrote. The notice explains that....