🔴 Google Reverses Crypto Ads Ban | This Week in Crypto – Jun 7, 2021

Square is considering building
a Bitcoin hardware wallet, Google lifts a ban on Crypto ads and can Norton antivirus mine Ethereum? These stories and more,
this week in crypto. Hi, I’m Nate Martin
from 99Bitcoins.com, and here’s what’s happened
this week in crypto. Bitcoin 2021 concluded over the weekend
here in Miami. Friday’s opening remarks were delivered
by Miami mayor Francis Suarez, who revealed he first bought BTC
when the price was about $40,000. Political figures such as Ron Paul
and Wyoming senator Cynthia Lummus, Bitcoin pioneer Nick Szabo,
Twitter founder Jack Dorsey, and Microstrategy’s Michael Saylor headlined a powerful lineup of speakers
touching on various topics. Google has lifted a ban
on cryptocurrency exchanges advertising on its platform.

The nearly three year old policy
was originally enacted to counter scam projects. Advertisers under the new policy must be registered either with FinCen
or an officially chartered bank, and be in compliance
with federal legal requirements and Google Ads policies. Payment app, Square’s CEO Jack Dorsey
revealed an upcoming entrance into the hardware wallet market. If Square proceeds with Dorsey’s plans, the new hardware wallet will have
non-custodial solutions, so you can control your private key and it would be built entirely in the open,
from software to hardware design, and in collaboration with the community. Wall Street’s giant asset manager,
Guggenheim Partners may invest in Bitcoin
and other cryptocurrency assets through its latest fund called
Guggenheim Active Allocation Fund. A recent filing with the Securities
and Exchange Commission revealed the giant’s plans
to receive the exposure through cash-settled crypto
derivatives instruments. Guggenheim Partners manages
over 270 billion dollars. Standard Chartered Bank is setting up
its own digital currency exchange. The move comes as a means of attracting
more customers and specifically competing
with another banking giant HSBC which is opposed to crypto.

The project will be undertaken
by the company’s innovation department in partnership with a Hong Kong-licensed
cryptocurrency exchange. Norton 360—a company popular
for its antivirus software— has announced a new product that will allow
its customers to mine Ethereum. The firm says that digital miners
take a lot of risks when extracting new cryptocurrencies, and this will allow them to invoke
more protection while garnering profits
from digital coins. Electric car company Daymak, has announced production
on a new electric vehicle that claims to mine crypto
while it charges. The car—which will be known
as the Avvenire Spiritus— will be ready by 2023 and has already garnered Daymak
more than $300 million in pre-sales. BitMex has partnered with Astrobotic
to take Bitcoin to the moon…literally. The mission will send a specially minted
physical coin loaded with 1 BTC to the surface of the Moon in the world’s first commercial
soft landing there.

And finally, a follow up on
the DubaiCoin story we reported last week. The token claiming support
of Dubai regulators that surged over 1000% turns out
has nothing to do with the city emirate. The city issued a warning to investors, confirming the website promoting
it was fake. Be aware of such cryptocurrency scams and continue to do your own research
before investing. That’s what’s happened
this week in crypto, see you next week. If you've enjoyed this video,
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