Buy Crypto
Markets
Contract
Spot
Earn
Web3 new
Learn
Blogs > Crypto in a Minute > Netflix Bans Crypto Ads >

Netflix Bans Crypto Ads

Author: Jeffrey Craig Date: 2022-09-06 05:36:48

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)

september-6-daily-update

Main Takeaway: Crypto Markets Up 2%

The traditional markets were paused in the US because of the Labor Day holiday, and the UK finally has a new Prime Minister. In addition, the UK and Eurozone are experiencing an energy crisis that’s requiring the government to cap oil prices and subsidize energy costs which will put downward pressure on other parts of the economy. Emerging markets are also struggling with high inflation and energy costs, and combatting the effects of an aggressive Fed. These are the reasons why in recent days the Euro keeps dropping against the dollar and the dollar is hitting new heights.

The main takeaway is that global central banks are the new queen on the chessboard, the most important player in deciding how the world economy will play out in 2022 and beyond. As said before, central bank tightening will lead to crypto tightening, and on the other hand, policy easing will relieve the downward pressure on crypto.

The ECB, Reserve Bank of Australia, and the Bank of Canada will be raising rates.

Key Stories: Netflix Bank Crypto Ads On New Subscription Model

Because of its struggling business model in the midst of stiff competition from YouTube, Amazon, and Disney+, Netflix is opening a new subscription model that will begin in November. However, as part of that, all advertising related to politics, gambling, and cryptocurrencies will be prohibited.

The takeaway is this will not have that big (if any) of an impact on cryptocurrencies. Many companies including Facebook and Alphabet have reversed previous bans on crypto advertising, and if you remember crypto ads even made it to the Super Bowl, which is the most viewed game on TV worldwide every year. Companies will continue supporting crypto advertising as long as it can benefit the companies on their end.

Today’s Top Gainers

The top five performing cryptos on Phemex d-o-d are Voyager (VGX/USDT), Terra Luna Classic (LUNC/USDT), Ethereum Classic (ETC/USDT), Curve Finance (CRV/USDT), and Hifi (MFT/USDT).


For any inquiries contact us at support@phemex.zendesk.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)
start trading start trading start trading

Register On Phemex Now To Begin Trading

Register On Phemex

More Articles

Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!