Written by Evan Schindler

From Pittsburgh with a background in payments, mobile applications and marketing technology. My future is in blockchain.
June 27 2018

ICO Alert Crypto Minute: June 27, 2018

ICO Alert Crypto Minute: June 27, 2018

Facebook advertising cryptocurrency again, Bitcoin education center opens in Atlanta, Andreessen Horowitz launching $300 million fund, top gainers, low losers and more!

Facebook Loosens its Ban on Cryptocurrency Ads

As reported by CoinTelegraph, Facebook is allowing some cryptocurrency ads to be promoted as long as they go through an application to be approved. The ads were originally banned in January 2018. Facebook stated that the ads were “associated with misleading or deceptive practices.” The social media giant intends to verify their advertisers by requesting licenses and other information. For now, ICOs are still prohibited under the new policy.

Bitcoin Education Center Opens its Doors in Atlanta

Whether you’re a blockchain novice or an avid cryptocurrency enthusiast, the newly developed Atlanta Bitcoin Embassy, may be the right place for you. According to American Inno, the location was founded by Jeffrey Tucker and hosts courses aimed towards teaching the community about digital currency, cryptoassets, and related blockchain technologies. It also acts as an organizational hub, allowing Bitcoin veterans to gather and discuss the entire cryptocurrency ecosystem.

Leading VC Firm Andreessen Horowitz launches $300 Million Crypto Fund, Plans to HODL

The announcement by the top Silicon Valley VC firm confirmed that the $300M fund would be dedicated to Bitcoin and other cryptocurrencies. As reported by CNBC, the firm plans to “invest aggressively,” and “consistently over time, regardless of market conditions.” Chris Dixon, a partner at Andreessen Horowitz was quoted as saying “We’ve been investing in crypto assets for 5+ years. We’ve never sold any of those investments, and don’t plan to any time soon.”

The firm seems to have a very positive outlook on the future, and longevity of the cryptocurrency ecosystem. Despite Bitcoin’s lows this year and the market’s recent downturn, reputable top investors are continuing to remain bullish on crypto, disregarding what’s happening in the markets.

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Topics: Blockchain, Bitcoin, Cryptocurrency, Crypto Minute, Facebook