Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Francis Suarez
Mayor Of Miami Will Start Giving Free Bitcoin To Residents
Francis Suarez – Mayor of Miami, Florida – recently said that he is preparing a Bitcoin airdrop for residents of the city. This comes on the heels of a budding rivalry between him and NYC mayor Eric Adams to create the most Bitcoin-friendly jurisdiction. Free Bitcoin in Miami Mayor Suarez revealed his plans in an interview with CoinDesk earlier today. They began discussing the city’s new cryptocurrency, MiamiCoin, which has earned the city over $21 million since launching in August.…
4 years ago
Four US Mayors Have Started Flexing Their Bitcoin Paychecks
While China ejects the Bitcoin industry from its borders as fast as possible, certain Western jurisdictions are eagerly inviting them in. Displaying support for Bitcoin, four US mayors have promised to receive a paycheck in Bitcoin during this week alone. This marks the beginning of a fierce political competition to attract crypto businesses to their respective jurisdictions. Mayors Accepting Bitcoin: The Timeline The trend began as recently as Tuesday, when Bitcoin YouTuber Anthony Pompliano released a tweet on the matter.…
4 years ago
Mayor of Miami Says He’ll Take His Next Paycheck in Bitcoin
While Jerome Powell may claim that Bitcoin has effectively failed as a currency, other government officials beg to differ. The Mayor of Miami – Francis Suarez – recently suggested that he receive his next personal paycheck in Bitcoin. This is yet another of the mayor’s public displays of affection for cryptocurrencies, as he continues supporting their adoption. Suarez Requests Payment in Bitcoin Suarez showed enthusiasm for the idea over Twitter earlier today, in response to Anthony Pompliano. The Best Business…
4 years ago
Miami Mayor Wants to Pay Employees in Bitcoin
In a recent interview with Bloomberg, Miami mayor, Francis Suarez, admitted that he wants to pay government employees in Bitcoin. However, regarding the use of cryptocurrencies, he said: “We have to differentiate ourselves as a crypto capital of the United States or of the world.” Earlier this year, Miami introduced a proposal to allow the city’s authorities to invest in Bitcoin. However, the proposal has been stalling since February because Florida doesn't allow investments in volatile assets. Next, Suarez added:…
4 years ago