Bitcoin News and Finance: What You Need to Know

Ledger customers are receiving fake wallets by mail to steal their cryptocurrency. A user in Reddit reported receiving a suspicious package that claimed to be mailed by Ledger. The package included a letter stating the user needed to substitute the current wallet for safety reasons. Ledger has been the source of several leaks of information of customer data. Criminals are presumably using this information to organize these schemes. Scammers Are Mailing Fake Wallets to Ledger Customers Scammers are reportedly mailing fake hardware wallets to Ledger customers to steal their private seeds. According to the statements of a Reddit user, he received a package sent by Ledger with a legit-looking Ledger Nano X. The package also contained a letter that stated their current wallet was compromised. This letter stressed the user needed to replace their current wallet with the new one. It declared: For security purposes, we have sent you a new device you must switch to a new device to stay sa...

Danske Bank will not block credit cards used in crypto trading, according to its newly announced position on cryptocurrencies. The Danish bank would also accept deposits related to crypto investments, although it follows a cautious approach towards decentralized digital assets. Denmark’s Largest Bank Clarifies Its Stance on Cryptocurrencies Responding to mounting inquiries from customers and other stakeholders, Danske Bank has released an official position on crypto assets. “In recent years, cryptocurrencies such as bitcoin and ethereum have received significant attention from investors and media,” the bank noted, outlining its current stance on crypto trading and investing. Denmark’s largest banking institution recognizes that “cryptocurrencies represent a significant digital innovation in financial services” and praises the “great potentials in the blockchain technology.” At the same time, it continues to maintain “a very cautious approach towards cryptocurrencies.” The bank li...

Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where an American multinational investment bank has partnered with a crypto asset service provider. Galaxy Serves as Goldman’s Counterparty for Bitcoin Futures Trading Goldman Sachs is trading bitcoin futures products with Galaxy Digital according to statements made by Galaxy’s co-president Damien Vanderwilt during an interview with CNBC. Galaxy Digital is a financial services and investment management innovator founded by the company’s CEO Mike Novogratz. Vanderwilt explains that Goldman Sachs, the bank with $2.1 trillion assets under management (AUM), may entice other financial incumbents to follow its lead. “There’s a whole dynamic with the major banks that I’ve seen time and time again: safety in numbers,” Vanderwilt explained during his discussion about the subject. “Once one ...

The American professional stock car racing driver, Landon Cassill, has announced he has partnered with the crypto-asset platform Voyager Digital Ltd. in order to get paid in cryptocurrency. Cassill’s announcement notes that the racer will be paid in crypto for the remainder of the 2021 NASCAR Xfinity Series season. Landon Cassill to be Paid in Digital Currencies, JD Motorsports’ No. 4 Chevrolet Will Sport Voyager Branding According to an announcement published on nascar.com, Landon Cassill, the professional stock car racing driver who drives the JD Motorsports’ No. 4 Chevrolet, will be paid in crypto for the rest of the NASCAR season. Cassill is a big supporter of the crypto ecosystem and a friend of Voyager CEO Steve Ehrlich. The partnership will also see the No. 4 Chevy feature a “Voyager paint scheme in Saturday’s Tennessee Lottery 250 at Nashville Superspeedway.” Cassill explained to nascar.com that he checks his “Voyager account probably 100 times a day.” Even though cryptocu...

Are you a crypto trader looking for a fun opportunity to earn more returns or a soccer fan who wants to add some excitement during the Euro Cup? Great news, crypto-powered investing app SimpleFX launches a trading contest with a $50,000 prize pool. The SimpleFX Euro 2021 Trading Cup SimpleFX is an online broker covering crypto, forex, stocks, gold and other assets that has been around since 2014. The platform is designed to be powerful yet very easy-to-use and offers a very quick registration process for cryptocurrency accounts – no KYC is needed just a simple signup with an e-mail. You can invest using bitcoin, ether, tether, Binance Coin or any of the 40 supported cryptocurrencies. Recently SimpleFX announced a promotion that is great incentive to check out the app if you are a crypto trader that doesn’t know it yet. The platform is launching a trading competition called the “Euro 2021 Trading Cup” during the UEFA European Football Championship. The event will feature a $50,000...

A report published by the independent marketing intelligence company, Miq Digital, explains that Hawaii has seen the most crypto demand of all the states in the U.S., with a 687% increase since 2020. As far as increased cryptocurrency demand since last year, Nevada, California, Florida, and Colorado followed the island state with increases of over 600% as well. Hawaiian Interest in Crypto Skyrockets, Americans Love Dogecoin, Crypto Acceptance Among American Merchants Increases The independent marketing intelligence firm Miq Digital has published a research report on interest in cryptocurrencies across all the American states since 2020. According to the study, demand has increased this year following a similar pattern as the crypto asset market bull run. The firm analyzed search data from sources like Google Trends and found that around 6% of Americans either use or own digital currencies in 2021. “Around 6% of the U.S. population now use or own crypto, and the trend is growing...

Miami’s Mayor Francis Suarez told the press on Thursday that his city was open to bitcoin miners from China who are flocking to find new homes. Suarez says he hasn’t actually talked to any miners from China but said he wants them to know the opportunity is there. Miami’s Mayor Says City Is Open to Chinese Mining Operations, Touts Florida’s Cheap Nuclear Power According to an interview, Francis Suarez , the American attorney and 43rd mayor of Miami, is inviting Chinese miners to his city to set up shop if they desire. Suarez is a fan of the cryptocurrency ecosystem, the decentralized crypto asset bitcoin (BTC) , and he has explained that he owns BTC as well. The Miami mayor has also said on a number of occasions that he wants the city of Miami to become a crypto hub for entrepreneurs and builders. On Thursday, Suarez told CNBC he’s inviting Chinese miners to seek shelter in the region after the crackdown stemming from Beijing. Suarez explained that the region has an abundance of...

Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa. Some of the teller machines are located in a popular shopping area. Banks Launch Support for Digital Yuan at ATMs Across Beijing The Beijing branches of two major banks in the People’s Republic, Industrial and Commercial Bank of China and the Agricultural Bank of China, have taken the lead in offering two-way exchange between the digital and traditional version of the national fiat currency. The new service is now available at thousands of automated teller machines in Beijing, Xinhua Finance reported on Friday. The option has already been activated on more than 3,000 all-in-one ATMs operated by ICBC across the capital city. By launching the function on its deposit and withdrawal teller devices, the Industrial and Commercial Bank of China became the first banking institution ...

Spain’s second-largest bank, BBVA, is opening up its bitcoin trading and custody service to all private banking clients in Switzerland in a few days. The bank has been testing the cryptocurrency service for six months. “The bitcoin management system is fully integrated” in the bank’s app, “where its performance can be viewed alongside that of the rest of the customers’ assets, funds, or investments.” BBVA’s Fully Integrated Bitcoin Service Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) announced Friday that BBVA Switzerland will open a bitcoin trading and custody service to all private banking clients on June 21. The bank has been testing this new cryptocurrency service with a selected group of clients for six months. BBVA explained: For the time being, BBVA Switzerland’s offer includes bitcoin trading and custody services, with the aim of extending it to other cryptocurrencies. The entity will not offer advice on these types of investments. BBVA explained that the new cryptoc...

PRESS RELEASE. A South Korean blockchain-based community messenger “Nestree” has announced that it is launching an innovative and cutting-edge reward-based digital commerce platform called “Nestree Mall’. Nestree Mall is part of the roadmap of the blockchain platform that will expand the core business of Nestree and increase the use of its native token EGG. Reward-based Comprehensive Shopping Mall Nestree Mall is the first reward-based shopping mall for the cryptocurrency market that is designed to incentivize users. Nestree will integrate NestreeMall with its blockchain-based community messenger service to provide value to its community and EGG token holders. Nestree Mall will offer products from famous brands at competitive prices and discounts to EGG token holders. The range of the discount will be calculated according to the holder’s EGG reserves which are checked using the wallet interlocking system in the Nestree Wallet and Metamask Wallet. “Nestree Mall” introduced 6 premiu...

According to regional reports, bitcoin miners in Sichuan have been told by the Ya’an municipal government that they have until June 25 to shut down operations. Sichuan has been eyed closely in recent times as it’s estimated that a large demographic of miners are situated in the region. Sichuan Ya’an Energy Bureau Tells Bitcoin Miners to Close Shop Sichuan power plants have been told to stop servicing bitcoin miners in the area according to reports stemming from the Ya’an municipal government. The regional publication Panews was told by an “insider” that the Sichuan Ya’an Energy Bureau and the Science and Technology Bureau held a meeting about the decision and came to a resolution to “clean up and rectify bitcoin mining companies in Ya’an.” Sichuan #bitcoinmining bans from 25 June. This is a poor translation, but it is the official documents. Medium to large farms will not be allowed power, smaller farms will likely be targeted later. China is done with #bitcoin for good it see...

The mining company Bitfarms has revealed the firm will commence trading on Nasdaq Global Select Market starting on June 21. The firm claims to process 1% of the global hashrate and with “99% green hydroelectricity.” Bitfarms Renewable Operations to List on Nasdaq Global Select Market The Canadian bitcoin mining firm Bitfarms announced on Thursday that the company will be listed on Nasdaq on Monday, June 21. The company is already listed on the TSX Venture Exchange and leverages the ticker “BITF.” For the Nasdaq listing, the company will utilize the same ticker symbol. According to the announcement, Bitfarms has obtained DTC eligibility which essentially means shares can be deposited through DTC, the largest securities depository in the world. “Listing on Nasdaq is an important achievement for Bitfarms and is a significant milestone following multiple years of development and achievement by the company,” Bitfarms’ founder and chief executive officer Emiliano Grodzki said during the...

On Thursday, McLaren Racing announced the British motor racing team selected Tezos as the organization’s official partner across the Indycar series, Formula One, and esports. Tezo will create a non-fungible token (NFT) platform for McLaren Racing in order to showcase the motorsport group’s world-class drivers and “illustrious racing heritage.” McLaren and Tezos Team up to Construct an NFT Platform The non-fungible token (NFT) economy has exploded and world-renowned automakers and motor racing teams are jumping in on the action. This week the German carmaker Porsche revealed it was launching NFT card assets called “Fanzone.” Now McLaren Racing has announced it will partner with Tezos in a multi-year technical partnership that is also focused on the NFT space. The racing team based at the McLaren Technology Centre in Woking, Surrey, England explained that Tezos and McLaren will innovate the NFT industry. “Tezos and McLaren Racing uniting to create a unique fan-focused NFT platform ...

Camarasal, a well known entrepreneur association in El Salvador, announced the results of a poll made this month. The poll shows almost 100% of Salvadorans worry about the implementation of the bitcoin tender law approved recently. Most criticize the obligatory character of receiving bitcoin payments and don’t expect this move to bring investment to the country. Camarasal Poll Shows Concerns About Bitcoin Tender Law Implementation A quick poll conducted by Camarasal, one of the biggest entrepreneur groups in El Salvador, is showing people have deep concerns about the future application of the Bitcoin Law . The poll got more than 1,600 answers in just four days from entrepreneurs and non-entrepreneurs. Camarasal president Jorge Hasbún stated on the massive participation that: We believe that this excellent response is a reflection of how urgent this issue is for Salvadorans, in the sense of the implications it will have for the family economy on a day-to-day basis. More than 96%...

PRESS RELEASE. Singapore – A fast-growing cryptocurrency trading platform, MCS ( https://mycoinstory.com ), which offers a variety of inverse and quanto perpetual contracts, has announced to launch a trading competition from June 23, 2021 to July 7, 2021 to celebrate its one year anniversary and introduction of their native token. The registration begins June 15, 2021. The ‘MCS Day! Trading Competition’ is comprised of a prize pool of 30,000 USDT and 1 million MCS tokens. The competition is applied to all inverse and quanto perpetual contracts on the MCS trading platform. The prize pool is split between traders with the highest profit rates and the highest trading volume. This competition remarks its uniqueness by airdropping the MCS token. MCS token is a CeFi & DeFi token that will be used for the upcoming DeFi services and the MCS trading platform. The stability of the MCS token has been thoroughly audited by Certik, a global blockchain and cryptocurrency security company, ...

In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application was “premature” and that liquidators may “not have the members’ best interests at heart.” The Argument Against Liquidation As explained in a Mybroadband report , Marks, who recently battled a team of MTI liquidators in a South African court, argues that the liquidation notification process was not properly carried out. Marks asserts that he and his wife, Cheri Marks (Head of Communications for MTI), were supposed to be served with the notice. In addition, the MTI co-founder says that the recovery of 1,200 bitcoins belonging to MTI from FX Choice nullifies the liquidators’ insolvency argument. In their statement to Mybroadband, the Markses added: MTI is a solvent company and any chance of members (however ...

Billionaire investor and Shark Tank star Mark Cuban has called for cryptocurrency regulation focusing on decentralized finance (defi) and stablecoins after a token he invested in collapsed from $64 to near zero. Cuban Wants Defi and Stablecoin Regulation After Investing in Collapsed Token The billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, invested in a token that crashed from about $64 to near zero Wednesday. Iron Finance called the collapse of its iron titanium token (TITAN) “the world’s first large-scale crypto bank run.” The price of the token is $0.000000029585 at the time of writing. Responding to a tweet asking whether he “rugged” or “got rugged” on Iron Finance’s token, Cuban wrote: “I got hit like everyone else. Crazy part is I got out, thought they were increasing their TVL [Total Value Locked] enough. Then bam.” The billionaire investor has been fascinated by defi for quite some time. He wrote a blog post on June 13 touting the potential of defi innov...