In brief
City governments can embrace Bitcoin and crypto faster than nations.
Miami Mayor @FrancisSuarez is experimenting with crypto to give Miami a Bitcoin-yielding treasury.
A thread on cities and crypto👇
— muneeb.btc (@muneeb) August 2, 2021
$103,412.00
-2.21%$2,522.93
-3.51%$2.14
-2.39%$655.07
-2.28%$153.95
-5.58%$0.999801
-0.00%$0.187862
-8.18%$0.268908
-1.01%$0.667731
-5.09%$2,523.12
-3.45%$103,604.00
-1.95%$3,045.40
-2.99%$3.14
-9.38%$31.12
-7.16%$13.75
-4.86%$20.19
-6.00%$0.260559
-4.33%$8.74
-4.58%$404.13
-0.36%$3.06
-6.73%$0.00001241
-6.74%$0.999862
-0.00%$0.162981
-7.15%$2,524.67
-3.59%$2,704.90
-3.18%$85.20
-5.41%$3.98
-5.15%$327.69
-2.48%$1.002
0.07%$4.69
-5.08%$1.00
0.06%$0.00001127
-12.62%$31.19
-0.37%$0.616908
-9.58%$103,424.00
-2.25%$249.08
-0.10%$6.01
-7.77%$400.82
-1.39%$0.103063
9.24%$50.31
-1.68%$1.18
0.15%$4.64
-8.24%$1.00
0.00%$2.39
-9.15%$185.26
-5.78%$32.75
-7.27%$0.809964
-6.38%$16.78
-4.43%$4.71
-6.71%$1.053
0.02%$19.21
-3.08%$0.672823
-1.00%$0.084049
-9.48%$1.001
0.11%$10.75
-6.61%$0.02353557
-5.88%$3.76
-8.29%$103,261.00
-2.25%$4.25
-5.00%$4.44
-0.05%$0.724302
-11.63%$0.207577
-6.06%$1.13
-6.90%$0.300381
-13.98%$2.51
-5.61%$0.997814
-0.22%$0.19053
-5.86%$0.337116
-9.01%$105.14
-3.25%$4.41
-2.52%$2,521.73
-3.64%$0.508789
-9.58%$11.26
-0.35%$2.14
-9.57%$162.25
-5.22%$1.003
0.37%$1.98
-9.78%$0.386778
-5.56%$0.00001573
-10.91%$1.22
-0.48%$2,872.51
-3.36%$2,639.63
-3.20%$11.96
-14.58%$0.72491
-7.65%$0.642777
-6.54%$3.87
-4.14%$0.01635241
-6.91%$1.054
-7.38%$0.189413
-7.13%$1.001
0.06%$0.536554
-7.64%$0.64457
-7.77%$102,940.00
-2.37%$0.059075
-2.53%$2,692.66
-3.13%$0.999531
0.00%$1,567.06
-2.71%$0.093087
-6.02%$0.939283
-18.40%$0.644129
-8.49%$1.00
0.01%$655.20
-2.25%$103,685.00
-2.06%$2,647.43
-3.38%$2,659.70
-2.75%$171.47
-5.39%$3,293.50
-0.22%$104,463.00
-1.10%$14.08
-0.14%$0.800683
-20.69%$3,303.92
-0.20%$0.00008
-13.26%$46.73
-9.40%$2.27
-6.81%$0.730342
-7.24%$198.81
-5.97%$0.01502057
-6.34%$0.810044
-17.42%$0.01614089
-7.67%$0.70347
-8.26%$2.42
-10.15%$20.46
-7.59%$0.177651
-5.22%$0.99994
0.01%$0.00000068
-3.83%$111.26
0.02%$102,823.00
-2.22%$33.06
-3.85%$0.267629
-5.28%$0.492611
-8.38%$3.98
-4.66%$0.111985
-7.92%$0.997842
0.03%$2.01
-0.19%$0.00978959
-10.78%$0.104675
-4.87%$3.19
-7.00%$0.556624
-6.11%$1.085
-0.53%$2,517.02
-3.83%$1.62
-7.58%$0.354762
-5.53%$2,520.51
-3.66%$1.65
-3.43%$0.01603091
-5.71%$2,611.56
-2.66%$0.522469
-4.88%$2,689.13
-3.55%$1.79
-8.97%$0.196621
-0.28%$1.10
-0.00%$0.270784
-2.81%$103,445.00
-2.13%$2,524.63
-3.59%$0.997534
-0.18%$0.04935878
-16.72%$0.187486
-8.21%$0.600098
-12.37%$11.51
13.96%$0.065676
2.92%$103,324.00
-2.30%$0.00574189
-13.09%$0.999806
0.00%$1.90
-7.77%$0.41748
3.26%$1.00
0.14%$0.0489903
-7.79%$0.00426179
-5.09%$14.89
-7.84%$0.507522
-5.91%$0.00000042
-0.84%$101,457.00
-1.45%$0.355231
-9.34%$1.009
0.87%$1.089
0.07%$6.24
-8.42%$0.52338
-10.61%$31.15
-6.34%$5.73
-7.34%$0.129692
-8.51%$0.00002024
-3.77%$2.49
-6.40%$0.00693915
-6.40%$1.001
0.06%$0.999207
-0.81%$1.28
-16.17%$2,522.12
-3.41%$0.590462
-6.84%$0.384676
-2.35%$34.59
-4.26%$2,718.48
-3.78%$0.073639
-7.83%$41.08
0.05%$2,676.15
-3.59%$0.03836756
-4.60%$0.01875582
-2.54%$1.10
-12.24%$0.00389049
-1.53%$0.142566
-9.08%$1.29
-5.49%$0.0000009
-13.12%$0.076416
-13.83%$0.137676
-7.87%$2,773.23
-3.70%$0.355599
-8.58%$102,848.00
-1.99%$0.31894
-10.93%$0.00414627
1.20%$31.13
-6.36%$1.24
-7.77%$127.95
-5.37%$2,753.95
-3.51%$103,397.00
-2.18%$0.136225
-5.88%$0.00622296
-8.11%$19.77
-0.67%$0.03253361
-4.15%$0.766735
-6.12%$2,516.87
-3.80%$0.999598
0.04%$0.207597
-6.01%$0.999887
0.04%$0.999874
-0.02%$0.999957
-0.00%$0.00005652
-3.88%$2,523.92
-3.58%$0.5173
-19.96%$20.19
-6.15%$0.312625
-6.41%$0.00000149
-2.05%$166.61
-5.89%$0.643453
-9.68%$0.305647
-6.18%$0.999965
0.02%$0.202019
-9.33%$0.00404349
-11.75%$0.00312997
-7.44%$0.693809
-1.78%$3,290.60
0.31%$0.60678
-4.18%$1.70
2.54%$2,076.46
-2.36%$2.21
-14.43%$21.58
-4.13%$15.67
-6.98%$0.208315
-8.51%$171.17
-5.98%$2.78
-7.00%Reading
Role
CEO, Blockstack
Location
New York
Education
Princeton
Current Project
Blockstack
Previous Projects
Worked in cloud computing (migration of virtual machines), and IoT (back when the field was called “sensor networks”).
Miami will launch its very own cryptocurrency tomorrow, MiamiCoin, which will be used to fund infrastructure projects or events in the city.
The idea is that people will support Miami by buying or miningmining MiamiCoin, and funds will be diverted to the city's treasury.
MiamiCoin will be the first CityCoin released. CityCoins is a project that allows people to invest in a city by buying tokens. It works with local governments so those who invest are rewarded in BitcoinBitcoin or Stacks, the native cryptocurrency of the eponymous protocol used to build things on the Bitcoin blockchainblockchain.
“MiamiCoin provides an ongoing crypto revenue stream for the city, while also generating STX and BTC yield for $MIA holders,” the CityCoins website reads.
City governments can embrace Bitcoin and crypto faster than nations.
Miami Mayor @FrancisSuarez is experimenting with crypto to give Miami a Bitcoin-yielding treasury.
A thread on cities and crypto👇
— muneeb.btc (@muneeb) August 2, 2021
“MiamiCoin can be mined or bought by individuals who want to support the Magic City and earn crypto yield from the Stacks protocol. MiamiCoin additionally benefits holders by allowing them to Stack and earn yield through the Stacks protocol.”
Anyone can mine MiamiCoin (or other CityCoins, when released.) If the project takes off and becomes popular by more people holding it, investors will be able to passively earn Bitcoin simply by owning the MiamiCoin. This is because MiamiCoin is built on Stacks, a crypto project which allows users to lock up their tokens and earn rewards to keep the system running.
A non-fungible token (NFT) has landed in a museum. The CryptoPunk, from a popular and expensive collection of pixelated characters, was given to Miami’s Institute of Contemporary Art (ICA) by trustee Eduardo Burillo. According to ICA, it's the "first NFT to enter a major art museum collection." NFTs are unique digital tokens, typically minted and stored on the Ethereum blockchain. They can represent just about anything—such as artwork, audio, or video content—and have proven to be extremely luc...
And as more coins are mined, a portion is deposited into a wallet for the local government to use on whatever it wants—for example, infrastructure.
Miami’s crypto-friendly mayor, Francis Suarez, has said he wants to make Miami the go-to hub for tech and crypto startups and has even invited Chinese Bitcoin miners to the Florida city. He called Miami the “Bitcoin capital of the world” after the city in June hosted Bitcoin 2021, a two-day Bitcoin conference.
And Suarez last week told Fox Business that “the City of Miami could end up earning millions of dollars as a result of the popularity of MiamiCoin.”
“It’s like a Bitcoin and it's on the blockchain protocol, so whenever that coin is mined, a percentage of the coin by virtue of the programing goes to the City of Miami,” he said.
But the MiamiCoin project is experimental and it is not known whether it will in fact generate revenue for the city.
CityCoins said that MiamiCoin (or MIA) will be available on “certain trusted exchanges” from tomorrow. The exact exchanges will be announced soon, according to the CityCoins website.
Crypto asset manager Canary Capital has applied for an exchange-traded fund tracking Cronos (CRO), the token affiliated with the Crypto.com exchange, according to a filing with the U.S. Securities and Exchange Commission on Friday. The S-1 registration form marks Canary Capital’s latest step toward potentially debuting its Canary Stake CRO ETF in the U.S. and adds to the growing list of altcoin-based funds before the regulator. The issuer registered a Delaware Trust entity earlier this month, l...
Just three days after debuting a multi-billion dollar fundraising plan to purchase Bitcoin, President Donald Trump’s Trump Media & Technology Group announced Friday that it has successfully raised $2.4 billion for its crypto treasury. The funds were raised via an offering of common stock and convertible senior secure notes, the company said. Roughly 50 institutional investors participated in the sale, which produced $2.32 billion in net proceeds. Those funds will now be used to create a Bitcoi...
How do you save an ailing publicly traded company in 2025? One answer, and an increasingly popular one at that, is: pivot to crypto—or more specifically, become a crypto treasury company. The previously unknown online gambling marketer SharpLink Gaming did just that earlier this week, when it announced it had raised $425 million in investment to establish an Ethereum treasury. It was a notable departure from the more common route of building a Bitcoin treasury, with Ethereum being the second lar...