Bitcoin Gains Some Ground Wednesday as Google Partially Reverses Ban
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
