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Starting January 15, 2025, Google will require all advertisements related to Cryptocurrency exchanges and digital wallets in the United Kingdom to register with the Financial Conduct Authority (FCA). This measure is part of an update to its advertising policies, with the aim of ensuring compliance with local regulations.
Advertisers of exchanges and software wallets will need to strictly comply with FCA requirements. In addition, the promotion of hardware wallets designed to store private keys will be allowed, as long as they do not offer additional services such as buying, selling or exchanging digital assets.
Google also reminded that advertisers must ensure compliance with local laws in all regions where they direct their campaigns. According to the company, “we expect all advertisers to comply with local laws in any area to which their ads are directed.”
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Michael Saylor endorses Donald Trump’s digital asset policy
MicroStrategy founder Michael Saylor expressed his support for the Digital Asset Framework introduced by President-elect Donald Trump. This strategy seeks to boost the growth of the crypto industry in the United States, establish compliance standards, and define clear rights for digital asset holders.
“The United States can lead the global digital economy by establishing a clear taxonomy and a legitimate framework based on rights and compliance,” Saylor noted in his proposal.
Furthermore, he stated that this proposal could release trillions of dollars in wealth, empower companies and consolidate the US dollar as the axis of the 21st century digital financial system.
Since 2020, MicroStrategy has accumulated approximately $42.6 billion in Bitcoin as a strategy against the depreciation of the dollar. Although Saylor is known as a Bitcoin maximalist, he also advocates establishing universal standards for other digital assets, reinforcing the dollar’s role as a global reserve currency.
Tether invests $775 million in Rumble, boosting its shares 44.6%
Tether, the largest stablecoin issuer, made a strategic investment of $775 million in the video platform Rumble. This move strengthens Rumble’s relationship with the crypto industry, after it announced the allocation of $20 million of its surplus reserves to Bitcoin.
Following the news, Rumble shares, which had initially fallen 1% due to the Federal Reserve’s decisions, soared 44.6% in after-market trading, according to Yahoo Finance.
In an environment of high interest rates, Tether has obtained $2.5 billion in net profits in the third quarter of 2024. Under the leadership of its CEO, Paolo Ardoino, the company has diversified its investments in sectors such as artificial intelligence, Mining of Bitcoin and decentralized messaging.
Nexus attracts 1.5 million nodes in its decentralized supercomputer trial
Nexus, a leader in decentralized computing, has achieved a major milestone with more than 1.5 million nodes coming from 187 countries during its test network from December 9 to 13.
I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the…
— Haliey Welch (@HalieyWelchX) December 20, 2024
Nexus CEO Daniel Marín highlighted that the project seeks to create a “verifiable Internet”, taking advantage of globally distributed computing power. During the test, 37% of traffic came from mobile devices, surpassing desktop usage in countries like Ethiopia and Poland, thanks to a strategy that makes it easy to connect from any device.
Despite initial success, Marín recognized the need to scale the infrastructure. Nexus maintains control over the programs executed on the network, reviewing proposals exhaustively before accepting them. This advance positions the company as a key competitor in the decentralized computing market, alongside projects such as Internet Computer.
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