Tuesday, 27 February 2024

Crypto News

Google launches crypto ads as market heats up; GFOX presale rockets past $3M

Google launches crypto ads as market heats up; GFOX presale rockets past $3M

Google’s recent decision to allow selected cryptocurrency finance products in its advertising space is pivotal, signalling potential shifts in investor behaviour and market dynamics. Along with this groundbreaking move is another development that has captured the attention of the crypto community. 

The token presale of Galaxy Fox – considered by many to be the best upcoming ICO – has surged past the $3 million mark, indicating growing interest in this promising project.

Google launches crypto ads

Google has recently altered its policies, allowing selected cryptocurrency finance products to be showcased in sponsored links and ads on its platform. This shift is particularly significant as it permits third parties targeting the US market to advertise financial products related to trading shares in trusts holding substantial pools of digital currency, such as the recently approved Bitcoin exchange-traded fund (ETF) products.

This change in Google’s advertising policies has opened the floodgates for companies like BlackRock and VanEck to feature sponsored links and ads, enticing users to invest in their Bitcoin ETFs. While this is undoubtedly a positive development for certain sectors within the crypto space, it’s crucial to note that not all cryptocurrency-related ads are allowed.

NFT and cryptocurrency sales-related ads, including those for DeFi protocols and initial coin offerings (ICO), remain banned on the platform. Google continues to stand firm against advertisements promoting the trade, sale, and purchase of cryptocurrencies and those for games involving gambling or wagering with non-fungible tokens (NFTs).

Galaxy Fox: soaring beyond expectations

Galaxy Fox has emerged as a beacon of resilience and success amid market fluctuations and uncertainties. Its ICO has catapulted past the $3 million mark in its presale, setting the stage for an exciting journey ahead. The presale is in Stage 7, with $GFOX priced at $0.00198. So far, over 2.5 billion tokens are already in the hands of early investors.

The presale’s success can be attributed to Galaxy Fox’s innovative approach, combining the best features of meme coins and traditional cryptocurrencies. With a deflationary tokenomics model, $GFOX incorporates a token burn mechanism that permanently removes tokens from circulation, contributing to its deflationary nature….

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