Crypto is heading down, and BTC is targeting 6000$ ,lighting network may save Bitcoin! Today's stars Steem and Redd

This week, Facebook reported that it was set to ban cryptocurrency advertisements. The move reportedly comes as a response to the large number of so-called scam-coins and malicious ICOs being promoted through the platform. While there is no doubt plenty of the sort of activity that Facebook doesn’t want to allow happening through its platform, the move seems a little over-reactive.

Ok, here we go,

First up, Steem (STEEM).

This one is one that many reading will likely already be familiar with but, for those that aren’t, STEEM is the coin that underpins the Steemit ecosystem. Steemit is a social media platform/network through which users can create and share content (usually rooted in the cryptocurrency space, but that’s more through industry and user interest bias than it is anything to do with the platform’s policy or anything) and other users can reward the content creators using cryptocurrency.

This week, Facebook reported that it was set to ban cryptocurrency advertisements. The move reportedly comes as a response to the large number of so-called scam-coins and malicious ICOs being promoted through the platform. While there is no doubt plenty of the sort of activity that Facebook doesn’t want to allow happening through its platform, the move

Next up, ReddCoin (RDD).

This one is sort of the opposite of STEEM in that it’s a coin designed for utility as a value transaction token on social media platforms but it’s not limited to just one – it’s set up to cover pretty much any type of platform or network that could benefit from peer to peer value transfer.