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Twitter Will Ban Most Cryptocurrency-Related Ads (axios.com)

An anonymous reader writes: Twitter plans to ban most cryptocurrency-related ads in the next few weeks, as Sky News first reported and a source confirms to Axios. Why it matters: The recent boom in cryptocurrencies and digital tokens has unsurprisingly attracted some fraudsters. Twitter is following in the footsteps of Facebook and Google, though it's been having its own problems with accounts promoting scams.

35 comments

  1. Good by Anonymous Coward · · Score: 0

    Any adverts should be legitimate. Maybe they can ban the "X person does X amazing in X area" while they're at it.

    1. Re:Good by nitehawk214 · · Score: 1

      Or any ad that is clickbait. "You wont believe this one simple trick..."

      Except that the purpose of ads is clickbait, hmm.

      --
      I'm a good cook. I'm a fantastic eater. - Steven Brust
  2. Peak cryptocurrency ... by Anonymous Coward · · Score: 0

    God I hope this means we've hit peak cryptocurrency and I can stop fucking hearing about it.

    You wanted to play in an un-regulated financial market -- this is what happens when you do that.

    What's that? The magical unicorns which make it awesome are a lie? Well, I'm fucking shocked.

    Sorry, this, and governments demanding regulation, was pretty much inevitable.

    You might as well find a local loan shark and ask if he's FDIC insured.

    1. Re:Peak cryptocurrency ... by Train0987 · · Score: 1

      If you think it's bad now wait until the Tether scam is exposed.

    2. Re:Peak cryptocurrency ... by lactose99 · · Score: 1

      It would be nice to once again get good video cards at a decent MSRP too.

      --
      Fully licensed blockchain psychiatrist
    3. Re:Peak cryptocurrency ... by Highdude702 · · Score: 1

      MSRP hasn't changed. only in store pricing has changed. Go look at NVIDIA or AMD's website, they list MSRP in specs. RX580 is supposed to retail for $200.

  3. Re:Moscow Donald's Treason Team by Train0987 · · Score: 1, Insightful

    Are you the Russian Spy Troll sent here to make Democrats look even dumber? Well done.

  4. Can you imagine by Anonymous Coward · · Score: 1

    Imagine if Twitter banned everything that was untrue, related to fraud, and hate speech.

    There would be hardly anything.

    1. Re:Can you imagine by Anonymous Coward · · Score: 0

      Why are you saying mean things about my cat, the only true friend I have? Sure, he sometimes shit on my pillow, but he is very upfront about it.

  5. Re:Moscow Donald's Treason Team by Anonymous Coward · · Score: 0

    Yep, I'm a Russian here on a mission to expose my own country's attacks on America, and out the collaborators who betrayed their country on Russia's behalf like Moscow Donald.

    Typically when Russians expose their country's agents and collaborators Valdimir Putin has them assassinated for blowing his cover, but I'm doing this somehow to help Russia and their treasonous agents like Donald Trumpski.

    Hmm.. that doesn't make sense.

    Or.. unlike the Moscow Donald I am a loyal American who refuses to help Russia's continuing attacks on America, and I don't abide traitors.

  6. Interesting dichotomy? by Anonymous Coward · · Score: 1

    It is interesting to see how fast Facebook and Twitter can move when a U.S. agency like the SEC is breathing down their necks, but how everything moves so slowly for something like international bad actor states that is even more damaging but doesn't have an agency that will move quickly and swiftly to penalize them.

    Crypto ads and immediate SEC penalties: BLOCKED!

    State-sponsored cyber terrorism facing long-running Congressional investigation: Oh, that's really complicated. We're working on it.

  7. Re:Moscow Donald's Treason Team by nitehawk214 · · Score: 1

    Once the pendulum swings, Ivan takes up the other side to stoke them.

    --
    I'm a good cook. I'm a fantastic eater. - Steven Brust
  8. Feels good by Anonymous Coward · · Score: 0

    Feels really good when Google, Facebook and Twitter combine join their effort to protect me from these evil coins. Thank you so much!

    1. Re:Feels good by Oswald+McWeany · · Score: 2

      What amuses me is that I haven't seen a single crypto coin ad.

      All these companies joining forces to ban these ads- and I've never seen a single one anyway. It's like the government protecting me from dragons and having a dragon defense task force. There are no dragons to protect me from.

      --
      "That's the way to do it" - Punch
    2. Re:Feels good by Anonymous Coward · · Score: 0

      They were all pressured by the FBI to do so.

    3. Re:Feels good by BrianMarshall · · Score: 1

      I have never seen a CC ad either. It's fucking virture signaling.

      --
      "When the going gets weird, the weird turn pro" -- HST
    4. Re:Feels good by BrianMarshall · · Score: 1

      or, maybe, "common enemy" signaling

      --
      "When the going gets weird, the weird turn pro" -- HST
  9. Re:Moscow Donald's Treason Team by Anonymous Coward · · Score: 0

    Ivan's pendulum will never swing away from an obvious traitor and Russian collaborator like Moscow Donald.

    Vladimir Putin can count of Trumpski to be his puppet until he begins his prison sentence for high treason.

  10. Re:Moscow Donald's Treason Team by Anonymous Coward · · Score: 0

    lol u r ghey

  11. Re:Moscow Donald's Treason Team by Anonymous Coward · · Score: 0

    "Moscow Donald"

    just. just. wow. this is all so tiring

  12. Enough by Anonymous Coward · · Score: 0

    Enough with twitter already.

  13. How related is related by wafflemonger · · Score: 2

    By related cryptocurrency-related ads, does that mean ads that advertise cryptocurrency or ads that mine cryptocurrency? The second type is probably more important to ban than the first.

    1. Re:How related is related by Dwedit · · Score: 1

      Probably the first. This is targeted towards pump and dump schemes involving near-zero-value obscure cyrptocurrencies with tiny userbases,

    2. Re:How related is related by Anonymous Coward · · Score: 0

      What about the valid ones? Ripple? Ethereum?

    3. Re:How related is related by Anonymous Coward · · Score: 0

      Popularity doesn't mean validity.

    4. Re:How related is related by Anonymous Coward · · Score: 0

      The more I hear about Ethereum and its problems, the more I hate it.

    5. Re:How related is related by Anonymous Coward · · Score: 0

      Then build a better one. NEO did this.

    6. Re:How related is related by Anonymous Coward · · Score: 0

      something tells me you don't really know anything about this area of tech. ripple and ethereum aren't cryptocurrencies.

  14. Re: Moscow Donald's Treason Team by Anonymous Coward · · Score: 0

    Sorry but republicans have a patent on "dumb"

  15. Re: Moscow Donald's Treason Team by Anonymous Coward · · Score: 0

    Vladimir will quickly execute anyone who questions him. Good luck.

  16. All so-called cryptocurrencies are scam! by Anonymous Coward · · Score: 0

    If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity?
    Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?

    If so-called cryptocurrencies are really currency, why no company/store can use Bitcoin as currency anymore?
    Because the price of Bitcoin proved to be extremely unstable to use as a currency?
    Would the result be different, if Bitcoin replaced by any other "cryptocurrency"?
    Aren't all work the same way?

    Or, they are not actually virtual currency but virtual investment?
    But, if they are actually investment, why we need/want them?
    What would happen to world economy, if people invested in virtual investments, instead of real investments?

    Or, all so-called cryptocurrencies are actually just a modified (made decentralized and paying variable interest) Ponzi Schemes?
    (Price of cryptocurrencies would keep increasing in the long term (by their design), so it is equivalent of paying variable interest to all long term investors.)

    As more and more people invest in cryptocurrencies, it will become harder and harder to ban their trading everywhere!
    All cryptocurrencies need to be banned globally before it is too late!

  17. Faudsters and Scams. Riiiiight. by Anonymous Coward · · Score: 0

    So, Twitter is worried about it's users being ripped off. Were that the case, they would have to include all FIAT CURRENCIES.

  18. Biggest Attack by jwymanm · · Score: 1

    On free speech in modern world so far. Obviously these providers are being told/threatened to do this. As others have said there are very little ads for crypto that most have seen or even bothered to click on. This is all about competition and seeing blockchain as a big threat to ad revenue, search engines, and communication / chat channels like twitter and facebook.