Tag Archives: Miami

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Miami’s Bitcoin-bullish Mayor, Francis Suarez, remains faithful to the asset after the collapse of one of the world’s largest crypto exchanges shook confidence in the industry.  The mayor suggested that Bitcoin can still provide numerous benefits not offered by the fiat currency system.  Could Bitcoin Replace the Dollar? During an interview with CNBC on Friday, Suarez was asked if he believed regulators were to blame for allowing the FTX catastrophe to develop and eventually...

One of the most successful NBA teams – Miami Heat – finally annulled its partnership with the cryptocurrency exchange FTX.  As a result, the home ground of the basketball giant will no longer be called FTX Arena. Cutting All Ties  A federal bankruptcy judge officially canceled the collaboration between Miami-Dade County (the territorial division where the NBA team is located) and FTX. The ruling determined that Miami Heat is allowed to remove the platform’s initials from its...

The US Department of Justice (DOJ) charged three residents of Miami – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – with defrauding banks and a cryptocurrency platform for over $4 million. The men used fake identification to buy digital assets, while later, they lied to financial institutions that the transactions were not authorized so they could net more money. For their crime, the trio faces up to 30 years in Federal prison. Halting the...

The Miami Bitcoin Conference began earlier this week. The city has seen thousands of people flood the streets and nearby businesses as they gather to learn all they can about the growing digital asset space and understand what kind of changes will be occurring later down the line. Miami Sure Loves Its Crypto Miami has long been one of the friendliest regions to BTC and cryptocurrency. Not long ago, the mayor of Miami – Francis Suarez – became one of the first politicians...

The president of El Salvador – Nayib Bukele – canceled his appearance at the Miami Bitcoin conference. The leader explained that “unforeseen circumstances” in his home country require his presence. State of Emergency in El Salvador The ongoing Miami Bitcoin Conference will not see the presence of one of the biggest proponents of the leading digital asset – Nayib Bukele. In a letter, El Salvador’s president said he has made “the hard decision of canceling his participation” in...

Despite its record-low price, Miami Coin is going to stick around for some time according to Mayor Francis Suarez. The Price of Miami Coin Is Low Miami Coin is a new digital asset built for the city of Miami in Florida. The currency has only been around for a few months but is part of the region’s goal to become one of the most crypto-oriented cities in the United States. Suarez initially had the currency commissioned to give residents an opportunity to pay utility bills...

E11EVEN Partners – the brand behind the famous disco club in Downtown Miami, the E11EVEN Voda, and the E11EVEN Hotel & Residences, purchased Ape #11 of the Bored Ape Yacht Club for 99ETH ($396,000 at the moment of the transaction). Thus, the company put its name next to Steph Curry, Post Malone, and others who acquired NFTs from the same collection. E11EVEN Deepens Crypto Foray According to a recent press release, Bored Ape number 11, one of the 10,000 NFTs in the Bored...

The member of the Republican party and Florida Governor – Ron DeSantis – proposed that the government should allow businesses to pay state fees with digital assets like bitcoin. He added that the authorities plan to launch pilot programs to explore the use of blockchain technology to monitor motor vehicle records as well as validate Medicaid settlements. Towards a Crypto-Friendly State Ron DeSantis included his idea as part of the 2022-2023 budget proposal during an...

The city of Miami, Florida says it will be one of the first regions in the world to offer “bitcoin yield” to its residents. Mayor Francis Suarez made the official announcement last week and said that crypto staked through Miami’s digital wallets will be used to benefit citizens. Miami Is Moving In a Revolutionary Direction Suarez has long worked to make Miami a major cryptocurrency and bitcoin hub. Not long ago, when several cryptocurrency miners were ungraciously kicked...