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Google's partial reverse of its Bitcoin ban has resulted in the price of that cryptocurrency gaining some ground Wednesday. The price of Bitcoin was hovering around $6500 closing in on Midnight Eastern Standard Time.
The increase was around 1%.
Cryptocurrencies overall were higher, with the coin market cap of total market capitalization at $214 billion at the time of writing compared to $206 billion on Tuesday.
Ethereum,or Ether, rose 1.57% to $213.26 and Litecoin was at $57.179, up 3.37%.
The rise comes as Google announced it will now permit government-registered trading platforms to promote their companies in the U.S. and Japan starting in October.
The tech giant imposed a global ban on all types of crypto-related ads in June.
Up to 70% of online gambling transactions are now via cryptocurrencies such as Bitcoin at some North American-facing Web gambling sites.
- Aaron Goldstein, Gambling911.com
