06.29.2018

Facebook’s Crypto-Ban Lift Buoys Sentiment

06.29.2018

Mark Zuckerberg just made a statement about crypto.

Well, of sorts.

Nigel Green, deVere Group

Facebook’s lifting of its own Bitcoin ban will boost cryptocurrency markets, according to Nigel Green, head of DeVere Group. According to Greene, the lifting by the behemoth social network’s Bitcoin ban will prove to be another catalyst for the nascent cryptocurrency mania that has gripped the financial markets.

Facebook lifted its ban on Bitcoin advertising on Wednesday. The ban was introduced in January amid concerns that adverts were being used for criminal or nefarious purposes.

Green told Traders Magazine in an email exchange that the reversal of the ban could be a harbinger of the social media giant’s intent to get involved in crypto.

“The lifting of this controversial ban must be welcomed,” he said. “Whilst we respect Facebook’s good intentions behind prohibiting the advertising, an outright ban on new concepts and innovation is seldom  positive or helpful stance. With the social media giant taking this proactive step, which is fueling global speculation that it could now also have its own crypto ambitions, I believe history will show that this decision to lift the ban will prove to be another catalyst for the unstoppable cryptocurrency revolution.”

While Green acknowledges the crypto marts and tokens have underperformed of late, this move, he added, could help push Bitcoin and other cryptocurrencies higher.

“Whilst there is likely to be bearish sentiment for a while, savvy investors are looking at the bigger picture.  For instance, Bitcoin, the flagship cryptocurrency, is still 140 per cent higher than this time last year,” Green said. “Facebook’s latest step, and indeed its next moves, are likely to have a positive impact on the crypto space.”

🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150

Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.

As the digital assets industry pushes toward

Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:

$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.

Load More

Related articles

  1. TKNZ marks the first of the asset manager's lineup that provides access to digital assets.

  2. Market Volatility Boosts Options Volume

    Crypto options activity is still a fraction of the volume in traditional markets.

  3. The investment comes as the industry is undergoing rapid institutionalization.

  4. Cybersecurity is Top of Mind for FinServ

    The exercise will run from the second half of 2026 to the first half of 2027. 

  5. The closing auction is a critical market infrastructure element in all major asset classes.