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DDI Blockchain Weekly (September 24th — 30th)
After a much-needed recovery during the third week of September, the final week of the month ended virtually unchanged after a $20 billion sell-off by early-Wednesday was erased by steady gains to the end of the week. Bitcoin followed a similar trajectory of losses then gains, although at $6,600, it ended the week marginally lower than where it began. According to CoinMarketCap, we also now appear to have officially gone past the 2000-mark in terms of the number of listed projects.
Google to lift ad ban in October
On Tuesday, reports emerged that Google is ending its ban on crypto-related advertising, and is planning to allow regulated crypto exchanges to buy ads in the US and Japan. Having first announced the restrictions back in March, which then went into effect in June, the new policy will effectively reverse those restrictions to allow regulated cryptocurrency exchanges from all over the world to purchase ads in Japan and the US.
The initial ban saw Scott Spencer of Google stating at the time, “We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or…