Square is considering building a Bitcoin hardware wallet, Google lifts ban on crypto advertising, and can Norton Antivirus take down Ethereum? Those stories and more this week in crypto.
Bitcoin 2021 was completed here in Miami over the weekend. Friday’s opening speech was given by Miami Mayor Francis Suarez, who revealed that he first bought BTC when the price was around $ 40,000. Political figures like Ron Paul and Wyoming Senator Cynthia Lummus, Bitcoin pioneer Nick Szabo, Twitter founder Jack Dorsey, and Michael Saylor of Microstrategy led a strong series of speakers on a variety of topics.
Google has lifted a ban on advertising cryptocurrency exchanges on its platform. The directive, which is almost three years old, was originally issued to combat fraud projects. Advertisers who are subject to the new policy must be registered with either FinCen or an officially approved bank and comply with federal legal requirements and the Google Ads guidelines.
Pay app, Jack Dorsey, CEO of Square, announced an upcoming entry into the hardware wallet market. If Square continues with Dorsey’s plans, the new hardware wallet will have no-custody solutions so you can control your private key / and it will be created completely openly, from software to hardware design and in collaboration with the community.
Guggenheim Partners, Wall Street’s giant asset manager, can invest in Bitcoin and other cryptocurrency assets through its newest fund called the Guggenheim Active Allocation Fund. A recent filing with the Securities and Exchange Commission revealed the giant’s plans to gain exposure through cash-settled crypto derivatives. Guggenheim Partners manages over $ 270 billion.
The Standard Chartered Bank is setting up its own digital wallet. The move is made to attract more customers and, in particular, to compete with another banking giant HSBC that is against crypto. The project is being carried out by the company’s innovation department in collaboration with a Hong Kong-licensed cryptocurrency exchange.
Norton 360 – a company known for its antivirus software – has announced a new product that will allow its customers to mine Ethereum. The company says that digital miners take many risks when extracting new cryptocurrencies, and this will allow them to provide more protection while making profits from digital coins.
Electric car maker Daymak has announced the production of a new electric vehicle that claims to mine crypto while charging. The car – which will be known as Avvenire Spiritus – will be ready by 2023 and has already grossed more than $ 300 million in pre-sale for Daymak.
BitMex teamed up with Astrobotic to bring Bitcoin to the moon … literally. During the world’s first commercial soft landing there, the mission will send a specially minted physical coin with 1 BTC to the surface of the moon.
And finally, a continuation of the DubaiCoin story that we reported on last week. The sign claiming support from Dubai regulators, which has surged to over 1000%, has nothing to do with the city emirate. The city warned investors and confirmed that the website it was advertised on was fake. Be aware of such cryptocurrency scams and do your own research before investing.
That’s what happened in crypto this week until next week.
