Tag: Miami

Miami’s Love Affair With Crypto Is Souring as Bitcoin Faithful Flock to the City – WSJ

A year ago, when the annual bitcoin conference opened in Miami, the city was arguably the country’s biggest booster of digital currencies. MiamiCoin traded on a global crypto exchange. The Miami Heat basketball team played at FTX Arena, and cryptocurrency exchange Blockchain.com was preparing to move its headquarters to a splashy office in the city’s Wynwood neighborhood. Today, as Miami…

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As bitcoin plummets, Miami vows to hold onto its crypto dreams – The Washington Post

When Miami Mayor Francis Suarez unveiled an 11-foot, 300-pound black fiberglass reproduction of the Wall Street bull last spring, he hailed it as a symbol of the city’s arrival as the “capital of crypto.” “Welcome to the future,” he said, calling for digital currencies like bitcoin to be “integrated into every aspect of society” before the end of the year.…

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Miami’s Crypto Bet May Fail, But It Was Worth the Gamble – Bloomberg

If you want a sense of how far crypto sentiment has fallen, look no further than Miami, which has aspired to be the capital of digital money. Gone are the laser eyes from Mayor Francis Suarez’s Twitter profile; the FTX sponsorship deal for the Miami Heat’s basketball stadium; and the pie-in-the-sky dream of helping fund local government with altcoin proceeds instead of…

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