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directly to the companys CTO, Mike Schroepfer. Reuters 8/8 Bitcoin's price sky rockets, towards the end of 2017, the price of bitcoin surged to almost 20,000. Facebook also hinted at its blockchain ambitions in May, as it announced the biggest management reshuffle in its history. Googles decision to ban all bitcoin and cryptocurrency adverts on its platforms is ill-thought-out and potentially even unethical, according to industry experts. However, the nature of the ban is seen as unfairly targeting this emerging industry. Reuters/Dimitris Michalakis 5/8 The fall of MtGox, the world's biggest bitcoin exchange, MtGox, filed for bankruptcy in February 2014 after losing almost 750,000 of its customers bitcoins. The machine allowed people to exchange bitcoins for cash. As cryptocurrencies have become more popular, scammers are increasingly using Facebook and Google to promote shady cryptocurrencies and exchanges and defraud customers. Gareth Malna, a fintech solicitor at the UK law firm Burges Salmon, goes as far as to suggest that Googles ban contradicts the very purpose of the worlds largest search engine. The new policy, which comes into effect this month, follows similar bans from Facebook and Twitter.

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The fork of bitcoin's underlying blockchain technology spawned a new cryptocurrency: Bitcoin cash. For example, words like cryptocurrency were abbreviated to c-currency and the letter o in the word bitcoin was switched to a zero. In May, Google reportedly approached the founder of ethereum the worlds second most valuable cryptocurrency in terms of market capitalisation in the hope of potentially securing his services. This represented a 1,300 per cent increase from its price at the start of the year. Like many new technologies, we have individuals in various teams exploring potential use of blockchain, but its too early for us rahaa bitcoin laskin to speculate about any possible uses or plans, the spokesperson said. In 2015, Australian police raided the home of Craig Wright after the entrepreneur claimed he was Satoshi Nakamoto. Reuters 2/8 Bitcoin is used as a currency for the first time. 1/8 Satoshi Nakamoto creates the first bitcoin block in 2009.