Menlo Park-PriceBcoons tend to be unstable. In the past month, it can even fall by 50 percent. Especially after Facebook blocked ads related to the digital currency tersebut.
Sunday (4/2/2018) after Facebook blocked adsBitcoin a few days ago, the price continues to crawl day by day. Every day, the price of Bitcoin even decreased by 11 percent.
As per Friday (2/2/2018), Exterminate Exchanges page reported the price of CoCOin reached its lowest point of US$ 9,022 (equivalent to Rp 121 millions).
The amount is considered very low, given the price of Bitcoin was at US $ 20,000 (Rp 268 million) in December 2017.
Bitcoin is not the only digital currency that is affected by the blocking of Facebook ads. Ripple, for example, the third largest digital currency is also decreased hinggadouble-digit. So even with Bitcoin Cash.
The reason for Facebook blocking ads about digital currencies is none other than because they want to eradicate misleading practices such as Initial Coin Offering (ICO / Initial Coin Offer) andbinary option.
"We created a new policy, which prohibits advertising to promote financial products and services, which often associated with misleading promotional practices such as the binary option, ICOdancryptocurrency, "said Director of Management Product Facebook, Rob Leathern, as quoted byReuters on Thursday (1/2/2018).
Facebook will also implement the new policy to all the company's proprietary form. In addition to Facebook, Audience Network and Instagram will apply the new policy.
Thisnew policy is enforced to make users continue to feel comfortable while using all the services of Facebook.
"We want people to continue to find and learn about new products and services through Facebook advertising without fear of being deceived. "It is said that many companies that advertise the option binary, ICO and cryptocurrency, do not operate in good faith," Leathern said.
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