Tennis Star Caroline Wozniacki To Release Cryptocurrency Token Through GCOX

Kevin O'Brien

Danish tennis player Carolina Wozniacki has become the latest athlete to agree to release a cryptocurrency token through the Global Crypto Offering Exchange (GCOX). 

According to Reuters, Wozniacki agreed to the crypto release deal in Singapore. She told the news outlet it was “really cool” to be the first female athlete with a token. Wozniacki hopes to capitalize on the deal “before other people start getting into it.

She is also in the island country to participate in the WTA Finals tennis tournament, which is an end-of-season competition for top ranked women’s players.  Wozniacki won last year’s tournament and currently sits as the top-ranked player for the upcoming competition after Simona Halep withdrew.

Celebrities Diving Into Cryptocurrency

GCOX has gained notoriety across the cryptocurrency world for building a notable line-up of investors, which includes boxing legend Manny Pacquiao, former England international Michael Owen, and a member of Abu Dhabi’s ruling family.  The company says its mission is to help “celebrities create their personal crypto tokens and manage their ITS listing on the platform.”

The exchange made headlines after Pacquiao announced GCOX would be the platform launching his Pac Token. Hopes are the notable boxer’s inspirational life story will make the cryptocurrency token popular among release.

Pacquaio promoted his upcoming offering at the Blockchain Fair Asia earlier in the month.  CryptoGlobe reported just a couple of days ago how the cryptocurrency is reportedly just waiting for approval by the Philippine Securities and Exchange Commission.

GCOX Set To Tokenize Popularity

GCOX CEO Jeffery Lin told Reuters how the first token would most likely be released in the first quarter of 2019. He did not give many more details, musing it could be Pacquiao’s or Owen’s.

According to GCOX, these tokens will allow buyers to get exclusive merchandise, tickets, and access to celebrities through live streaming events and special meet-and-greets.

Those looking to buy tokens of their favorite celebrities must first purchase GCOX’s ACM tokens. Lin said the exchange was looking to sell enough to raise $300-600 million dollars, but didn't specify how many tokens have already been sold.

Microsoft's Bing Reportedly Blocked Over 5 Million Cryptocurrency Ads Last Year

Francisco Memoria

Microsoft’s search engine Bing has reportedly blocked over 5 million cryptocurrency-related ads last year, as a result of a ban the search engine enacted in an attempt to protect its users from fraudsters.

According to Bing’s ad quality review, the company’s bad account takedowns doubled in 2018, with cryptocurrency, weapons, and third-party tech support scams being the main problems it faced. Overall, Bing suspended “nearly 200,000 accounts” last year, and removed 900 million ads from its platform.

As covered, Bing banned cryptocurrency-related ads back in May, in a move it claimed was made to protect users from scammers, as the crypto market being unregulated meant cryptocurrencies “present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.”

At the time Melissa Alsoszatai-Petheo, who published the company’s blog post on the move, wrote:

To help protect our users from this risk, we have made the decision to disallow advertising for cryptocurrency, cryptocurrency related products, and un-regulated binary options. Bing Ads will implement this change to our financial product and services policy globally in June, with enforcement rolling out in late June to early July.

The move saw cryptocurrencies join other questionable products and services Microsoft banned from its platform. These include Ponzi and pyramid schemes, and the mentioned third-party tech support scams.

Bing notably banned cryptocurrency-related ads following bans enacted by search giant Google and social media giant Facebook. These two firms have since started allowing crypto-related ads from a few companies.

At the time, various cryptocurrency associations threatened lawsuits against the tech giants over what they claimed to be “cartel collusion” against cryptos, made in an attempt to manipulate the market.

Although Microsoft’s search engine has banned crypto ads, the tech giant itself has been accepting bitcoin payments since 2014. Its website even has a how-to page walking users through the process of topping up their accounts using BTC.