“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred to the two previously hyped city coins.
Powered by WPeMatico
Category: MIA
Auto Added by WPeMatico
City of Miami Gets $5.25M Disbursement From Miamicoin as MIA Flounders 88% Lower Than Price High
While Miami’s mayor Francis Suarez told the public he was a big believer in bitcoin and has accepted his pay in bitcoin, at the same time, a crypto coin called miamicoin (MIA) was launched. The Miamicoin project’s goal was to give Miami’s “citizens and supporters the power to support, improve and program the Magic City.” […]Powered by WPeMatico
Miami Mayor Francis Suarez Plans to Take a Fraction of His 401k in Bitcoin
During the first week of November, the reelected Miami mayor Francis Suarez explained that he would receive part of his salary in bitcoin via the payment processor Strike. A month later, speaking at Real Vision’s Takeover event in Las Vegas, Suarez revealed he plans to take part of his 401k in bitcoin as well. Pro-Bitcoin […]Powered by WPeMatico