Google and Facebook go back on their position towards cryptocurrencies; Bitcoin, Ethereum and Ripple and Bitcoin Cash reacts with further gains

Facebook allows Coinbase to advertize in the social network.
Google includes major coins in the exchange rate converter.

The largest global social network white listed Coinbase from its advertizing ban for cryptocurrency and ICO related companies. The news popped up on Saturday when CEO of the US-based crypto exchange Brian Armstrong posted a tweet with attached Coinbase ad in Facebook:

"Facebook banned ads for crypto earlier this year. Proud to say we've now been white listed and are back introducing more people to an open financial system."

The community cheered the news while the post gathered over 160 comments.

Meanwhile, Google also seems to have warmed up towards digital assets and added Bitcoin, Bitcoin Cash, Ethereum and Litecoin to its online currency exchange converter. If a user searches Google for these coins, the system automatically displays their exchange rates for these coins in user's local currency.

It is worth noting that Google's rates differ from CoinMarketCap data, while the source of quotes is not readily available.

Earlier we reported that Google's co-founder Sergey Brin confessed that he had been mining Ethereum together with his ten-year-old son.

All major cryptocurrencies have started the week in a green zone. Bitcoin is one of the growth leader: the coin gained 4% on a daily basis and jumped above $7,700 handle. Ethereum climbed 1% higher to $467, while XRP settled at $0.4592, 2% higher on a daily basis. Bitcoin Cash is changing hands at $827, up5.5%.

Share: Cryptos feed

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.