Gemini

Cryptocurrency

United

Coin

<ul class="list-ic vertical">
 <li>1 <a>Google specified that the updated policy would permit ads from “advertisers offering Cryptocurrency Coin Trust.</a></li>
 <li>2 <a>The crypto market is banking on BTC ETF approvals, evident in Bitcoin’s nearly 74% surge in the past 90 days.</a></li>
</ul>
Tech giant Google is set to update its cryptocurrency advertising policy, allowing ads related to crypto trusts starting January 29, 2024. This policy adjustment aligns with the predicted approval of spot Bitcoin exchange-traded funds (ETFs) in the United States, anticipated by Bloomberg’s ETF analysts with a 90% likelihood by January 10, 2024.
In a policy change log on December 6, Google specified that the updated policy would permit ads from “advertisers offering Cryptocurrency Coin Trust targeting the United States.” Cryptocurrency coin trusts, characterized as financial products enabling investors to trade shares in trusts holding substantial amounts of digital currency, are likely to include ETFs.
Google emphasizes that advertisers must adhere to local laws in the regions their ads target, applying the policy globally to all accounts advertising these products. To qualify for potential crypto trust advertisers, Google certification is mandatory. It entails holding the appropriate license from the relevant local authority, and the products, landing pages, and ads must comply with local legal requirements.
While Google already permits advertising for certain crypto and related products, it excludes ads for crypto or non-fungible token (NFT)-based gambling platforms, initial coin offerings, decentralized finance protocols, and services offering trading signals.
The anticipated approval of U.S. spot Bitcoin ETFs has fueled the industry’s optimism. With 13 Bitcoin ETF applicants awaiting approval, Bloomberg’s analysts estimate a 90% probability of approval by January 10, 2024, suggesting potential simultaneous approvals for multiple pending applications.
Several prominent fund managers, including BlackRock, Grayscale, and Fidelity, have reportedly engaged with the U.S. Securities and Exchange Commission, discussing crucial technical details concerning their ETF bids.&nbsp;
The crypto market is banking on these approvals, evident in Bitcoin’s nearly 74% surge in the past 90 days, with some analysts anticipating a new all-time high in 2024.
As Google adapts its <a href="https://www.thecoinrepublic.com/2023/09/08/google-ads-policy-update-for-crypto-allows-non-betting-nft-games/" target="_blank" rel="noopener noreferrer nofollow">advertising policies</a> to align with evolving trends in the crypto space, the intersection of tech and finance continues to shape the landscape, with eyes on the potential breakthroughs in the approval of Bitcoin ETFs in the United States.
<h2 class="wp-block-heading" id="strong-controversy-surrounds-google-s-gemini-ai-demo-video-strong">Controversy Surrounds Google’s&nbsp; Gemini AI Demo Video </h2>
Google’s recent AI model, Gemini, showcased in a six-minute tech demo video, has ignited controversy as critics accuse it of being “basically entirely fake.” The video, amassing 2.1 million views on YouTube since its release, presents seamless interactions between Gemini and a human operator, analyzing drawings, hand gestures, and even inventing a game.&nbsp;
However, Google DeepMind executive Oriol Vinyals clarified that while the prompts and outputs are real, they were “shortened for brevity.” In reality, Gemini’s interactions were text-based and took longer than depicted.
Despite a disclaimer noting reduced latency and shortened outputs for brevity, Google employees expressed concerns. One employee argued the video paints an unrealistic picture of Gemini, showcasing how easy it is to make the AI tool appear more advanced than reality. Google’s CEO, Sundar Pichai, made no mention of the finetuning in a Dec. 7 post, fueling the controversy.

Google to Allow Crypto Trust Ads Amidst BTC ETF Approval Anticipation

Table of Contents

Thecoinrepublic.com

Other articles published on Dec 11, 2023

How to make money playing crypto games

When Will FED Start Interest Rate Cuts? Goldman Sachs Announces Its Estimates!

Binance Needs to Grant U.S. Authorities Access to All Documents and Records Under New Compliance ...

Major Companies Continue to Invest in Bitcoin and Altcoins Despite Price Drops

Bitcoin $42,000 Support Under Pressure As Short Position Inflows Soar

BPMG joins XPLA as validator

Join our free newsletter for daily crypto updates!