Some information about us
YouTube Managed to Overthrow Wozniak. Google will Advertise Crypto. 35 mln USD Worth Mistake - read the freshest cryptonews.
Over a year ago, one of the founders of legendary Apple, Steve Wozniak, filed a case against the YouTube platform for the videos posted on it, in which in the name of Wozniak himself, as well as Bill Gates and Elon Musk, there were promises to send users twice as much crypto that they sent.
Steve Wozniak and other participants of the collective file against YouTube believed that the hosting service should be responsible for posting as well as promoting fraud materials that damaged the applicants' reputation and the well-being of deceived users.
However, the court did not share Wozniak's point of view on that and left the case unsustained - the court believed that YouTube, as an online platform, according to the laws of the USA, does not bear any responsibility for the publications posted by third parties.
Google media corporation is lifting the ban for crypto assets advertisements in the USA. The moratorium was active in all company services from June 2018. From August 3rd, the decision is active and all crypto exchanges and wallets will manage to promote their services using the powers of Google search engine.
Also, all the advertisers will have to acquire a certificate that they confirm to Google requirements, which is - having a bank license or a registration at Financial Crimes Enforcement Network (FinCEN) as an organisation that provides services to the general public.
ICO and DeFi-protocols advertisement, as well as promoting particular cryptocurrencies with the help of media personalities are still banned.
The crypto platform BlockFi, surprisingly for itself, has become a newsmaker, when its coders mistakingly transferred users 700 Bitcoins instead of 700 USD.
As a part of the ongoing programme, clients had to receive a bonus in stablecoins equivalent to 700 USD, instead, the bonus was accrued to them in Bitcoins which amounted to 35 mln USD.
Around a hundred of BlockFi clients woke up millionaires, and now the platform is negotiating with them on the mistakingly sent Bitcoins. The lucky clients are invited to have either a 500-1000 USD refund for voluntarily return of funds or notice of appointment to the court.