iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Trump Signs Executive Order to Establish National AI Regulation Standard 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Nvidia Develops New Location-Verification Technology for AI Chips 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Facebook has backpedaled on its decision to ban all forms of cryptocurrency advertisements on its site, CNBC reports.
The all-encompassing ban had been announced in January, when the social media giant said it placed the restrictions to protect its users from being exposed to scams and other illicit activities involving cryptocurrencies.
It should be noted, however, that the restriction on initial coin offerings (ICO) still stands as scams in this niche still abound. Indeed, the U.S. Securities and Exchange Commission acquired a court order last month against the president of a startup that put up an ICO after he used social media to lure investors into investing in his fraudulent company.
Facebook initially said that it intended for the ban to be broad as it was still trying to draw a clear line between a legitimate crypto ad and a deceptive one. And this recent announcement is the company’s way of fine-tuning these restrictions.
“In the last few months, we’ve looked at the best way to refine this policy — to allow some ads while also working to ensure that they’re safe,” Facebook said in its blog post. “So starting June 26, we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.”
This recently updated policy compels crypto advertisers to submit an application, and Facebook will then analyze the companies’ authenticity. However, product management director Rob Leathern clarified that not everyone who submits an application will be allowed to promote ads on the platform. Leathern also added that Facebook will continue to assess the feedback it receives and revise their policy “if necessary.”
Following Facebook’s blanket banning of crypto ads in January, Google, Twitter, and Snapchat also imposed restrictions of their own, citing similar reasons to Facebook. But with this newly revised policy, crypto enthusiasts are waiting to see if these companies will loosen their restrictive regulations on their respective platforms.
