Cryptocurrency

On this page, “Cryptocurrency blog Nigeria” we’ll give you some of the opportunities in the digital asset.

How you can safely tap into the many opportunities in crypto. And what you should do to avoid scam.

Crypto Ads Ban: JPB Liberty Sues Google, Facebook, Twitter, Asking $600M In Damages

An Australian-based law firm on behalf of its clients has slammed a multi-billion dollars lawsuit against major social media platforms, Facebook, Twitter, and Google for banning cryptocurrency-related ads on their platforms.
The lawsuit could cost the tech and social media giants $300 billion, claiming that that crypto ads ban has negatively impacted the progress of their business.
The plaintiffs through their lawyers stated that their businesses have been harmed when the three social media giants banned cryptocurrency advertising in 2018.
Recall that all the major social media platforms including Google ban crypto-related ads within days from each other in 2018.
According to ACCC, specifically under Section 45 of the Competition and Consumer Act, Australia prohibits any “arrangements, understandings or concerted practices that have the purpose, effect or likely effect of substantially lessening competition in a market, even if that conduct does not meet the stricter definitions of other anti-competitive conduct such as cartels.”
“A class action will be brought in the federal court of Australia against the social media giants’ Australian subsidiaries and parent companies for breaches of the Australian Competition and Consumer Law,” the Sydney-based law firm quoted.
According to the lawsuit, “The class action will seek damages for worldwide losses of crypto industry members and investors.
“The announcements of the crypto ad ban by the respondents dropped crypto markets by hundreds of billions of dollars. Crypto exchange volumes also dropped by 60-90%. read more

3 Reasons US Army Want To Track Cryptocurrency Transactions

If the US Army have the way, one thing that makes cryptocurrency anonymous may be defeated. This is because they’ve requested information on web-based crypto tracking tools.
The tools according to report, would enable the U.S. Department of Defense and the U.S. Army to conduct in-depth investigations into the source of crypto transactions and provide multi-currency analysis from bitcoin to other top cryptocurrencies, news.bitcoin reported. read more

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