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Twitter will ban most cryptocurrency-related ads

The Twitter application is seen on an iPhone in this photo illustration on December 4, 2017. Photo: Jaap Arriens / NurPhoto via Getty Images

Twitter plans to ban most cryptocurrency-related ads in the next few weeks, as Sky News first reported and a source confirms to Axios. Twitter declined to comment.

Why it matters: The recent boom in cryptocurrencies and digital tokens has unsurprisingly attracted some fraudsters. Twitter is following in the footsteps of Facebook and Google, though it's been having its own problems with accounts promoting scams. On Friday, the Federal Trade Commission said it has shut down the activities of four people who were promoting cryptocurrency scams via social media, YouTube videos, and websites.

Axios 1 hour ago
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Axios situational awareness

Ina Fried 53 mins ago
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Amazon is always one step ahead

Symbol for Amazon Prime
Photo: Ant Palmer/Getty Images

Amazon is an iceberg: People only see what's above the surface. Meanwhile, underneath, the company just keeps expanding.

Why you'll hear about this again: This has proven true time and time again. When people thought of Amazon as a bookstore, it was already on its way to being an e-commerce giant. When all people saw was an e-commerce giant, Amazon was well on its way to being a marketplace and web services provider.