How The Crypto Winter Affects Google’s Ad Business
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 […]
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GFT Technologies, an IT service provider for the banking industry, has revealed it will be testing blockchain technology on Google’s Cloud Platform. GFT Believes Google’s Cloud Service Will Help Them Promote Distributed Ledger Tech. The Stuttgart-based GFT is an IT provider and business consulting service for European banks. The company has announced its....
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,....
Under Google’s new policy that went into effect on August 3, advertisers offering cryptocurrency exchange and wallet services are once again allowed to market their products. Google is running crypto ads again after its updated financial products and services policy went into full effect on August 3.The multinational giant banned crypto and Initial Coin Offering (ICO) related advertisements back in June 2018, and the updated policy allows regulated crypto entities to market their services once again. ICOs have been left out in the cold, however. Google’s crypto ad policy revision was first....
UBS, Switzerland’s largest bank, has warned about a crypto winter where prices crash and may not recover for years. The bank’s analysts explained several major reasons affecting the prices of cryptocurrencies.
UBS Expects Crypto Winter That Could Last Years
Switzerland’s largest bank, UBS, has warned of a crypto winter where prices crash and may not recover for years. The bank’s analysts, led by James Malcolm, recently explained in a note to clients several reasons why cryptocurrency may lose its attractiveness to investors this year.
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The boss of the world's largest crypto exchange said we've been through this before as a community. Binance CEO, Changpeng Zhao, commonly known as “CZ,” said in a recent interview that a potential crypto winter is good for business.When asked how Binance will fare during the current crypto winter following reports of recruitment freezes at Gemini and Coinbase, he answered confidently. “It’s not the first time we’ve gone through a crypto winter. If we are in a crypto winter, it would be my third and Binance's second. So it's not the first time we’ve been through this.”Some climbing ahead.....