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On 3rd August Miami Became The First US City To Launch Their Crypto, Miami Coin (MIA) Built On Bitcoin Via Stacks to Fund City Initiatives, And Rewards Users In BTC

Mark Brennan
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On 3rd August Miami Became The First US City To Launch Their Crypto, Miami Coin (MIA) Built On Bitcoin Via Stacks to Fund City Initiatives, And Rewards Users In BTC

Updated

Miami has introduced their own cryptocurrency Miami Coin (MIA) on August 3, which officials say will help the city generate revenue and expand its economy.



Thirty percent of the proceeds generated from the new digital currency MiamiCoin can be used to fund city initiatives, according to the Miami Herald.

Miami Mayor Francis Suarez told Fox Business:

“The city of Miami could end up making millions of dollars as a result of the popularity of MiamiCoin, because obviously Miami has now become, the bitcoin capital of the world.

And we are focusing on differentiating our economy by creating a new wave of technology products that will encourage people to move to Miami and be part of our technology ecosystem.”

Miami Worked with Citycoin, a company that develops a cryptocurrency for municipalities, to launch their new digital token. The Miami-specific currency is available for digital mining and is the first of its kind to hit the market.

 

The idea is that people will support Miami by buying or mining MiamiCoin, and funds will be funneled into the city’s treasury.

CityCoins said:

“The city of Miami can elect to use its growing crypto treasury to benefit the city and its constituents — think new public spaces, improvements to infrastructure, hosting city events, recruiting startups, and more.” 




Bitcoin Rewards

MiamiCoin can be mined or bought by individuals who want to support Miami city and receive crypto income from the stack protocol. MiamiCoin additionally benefits its holders by allowing them to accumulate and generate income using the stack protocol.

Anyone can mine MiamiCoin. If the project takes off and becomes popular with more people who own it, investors will be able to passively earn bitcoins simply by owning MiamiCoin. This is because MiamiCoin is built on stacks, a crypto project that allows users to stake their tokens and receive rewards for keeping the system running.

 

CityCoin Writes:

“MiamiCoin miners have plenty of opportunities to earn rewards, but the ultimate purpose is to create new applications and use cases built on top of MiamiCoin’s core infrastructure.”

 

 

The IOTA Tangle Selected As Core Technology For Germany’s Federal Ministry For Economy And Energy Financed SUSEE Project

Albert Brown
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The IOTA Tangle Selected As Core Technology For Germany’s Federal Ministry For Economy And Energy Financed SUSEE Project

Tangle, a data structure of the IOTA DLT, is going to empower smart energy sensor ecosystem SUSEE.

The project has been chosen for the applied non-nuclear research funding in the 7th Energy Research Program “Innovations for the energy transition” of Germany’s Federal Ministry for Economy and Energy (BMWI) with a total volume of 2.6M EUR.


IOTA Foundation’s Tangle data network will be integrated by a leading smart energy project. Tangle will connect thousands of sensors to ensure resource-efficient energy distribution.

According to an official announcement shared on the IOTA Foundation’s blog, SUSEE, an experimental project in the sphere of “smart energy,” will utilize IOTA’s Tangle.

Tangle was chosen for this experiment due to its high standards of encryption, extremely low fees, fast speed of transaction finalization and notable scalability opportunities.

The IOTA Foundation will be the core technology provider for SUSEE (Secure Sensor Platforms for Smart Energy Networks), a collaboration between the energy distribution network operator SWO Netz, the two research institutes Fraunhofer FIT/IPT, the university TU Chemnitz, and the SMEs peerOS, mCloud Systems, and TIP, to develop a scalable solution for reliable and secure data transmission and processing in sensor networks.





Iota Twitter writes:

“The future of a reliable, climate-friendly energy supply.

SUSEE – A German collaboration of €2.6M in public funding. A new grant to develop a scalable solution for reliable data transmission & processing in sensor networks, using the Tangle.”

 

Director of Partnerships at the IOTA Foundation, Holger Köther, says:

“Ensuring data integrity and data management encrypted and securely directly from the edge is the core DNA of IOTA. I am looking forward to working as part of a team of so many forward thinking organizations, to demonstrate how IOTA is being used as a security and integrity layer for upcoming applications, where a distributed resilient IT infrastructure against attacks is key.”

 

Lonjsko Polje Nature Park In Croatia Becomes First Nature Park To Accept Bitcoin, Ethereum, BitcoinCash, Stellar Lumen And Dai As Payment

Mark Brennan
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Lonjsko Polje Nature Park In Croatia Becomes First Nature Park To Accept Bitcoin, Ethereum, BitcoinCash, Stellar Lumen And Dai As Payment

Virtual and digital currencies are becoming increasingly popular. A month ago El Salvador became the first country in the world to introduce bitcoin as the official currency, i.e., a parallel legal tender with the US dollar.

Read More Latest Crypto News.


 

Now, the third-largest protected park in Croatia, Lonjsko Polje Nature Park, has introduced Bitcoin, Ethereum, BitcoinCash, Stellar Lumen And Dai as a means of payment, reports HRTurizam.

 




Thus, visitors can purchase tickets with cryptocurrencies via PayCek for a solar-powered boat ride on the Strug river, known as the “Slavonian Amazon, a tour of the “Posavina safari”, a traditional pasture, a tour of the ornithological reserve Krapje đol and observe the fields, “Bird reaper,” “White Stork” or “Vrška,”

Visitors can also use these cryptocurrency for all Lonjsko Polje Nature Park services.

Marija Kušmiš, director of the Lonjsko Polje Nature Park said:

“We are glad to be the first nature park to introduce this service. We certainly encourage investors in cryptocurrencies to think about the importance of this protected area, its sustainability, and also enjoy the natural beauty.”

Head Of Twitter, Square, And Cash App, Jack Dorsey Leads To Acquire Australia-Based Afterpay, A Pioneer Lending Company For $29B

Albert Brown
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Head Of Twitter, Square, And Cash App, Jack Dorsey Leads To Acquire Australia-Based Afterpay, A Pioneer Lending Company For $29B

Jack Dorsey (head of Twitter, Cash App and Square) is leading his way to the acquisition of Afterpay, an Australian lending company.



Jack Dorsey, a Twitter co-founder, Square Head and BTC supporter, will acquire Afterpay, a lending pioneer company, for a shocking $29 billion, Reuters reports.

Afterpay was the first to offer a global Buy Now Pay Later (BNPL) platform. This allows customers to receive products immediately and then pay for their purchases with little interest over a certain period of time. Afterpay has more than 16 million customers and is currently available in over 100,000 retail outlets as of June 30.

On August 1, Square announced that it had entered into a Scheme Implementation Agreement with Afterpay, under which Square was authorized to buy all Afterpay shares. The deal has an implied value approximately $ 29 billion.





Jack Dorsey said in the statement:

“We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles, Together we can better connect our … ecosystems to deliver even more compelling products and services for merchants and consumers, putting the power back in their hands.”

The Afterpay founders said about the deal “an important recognition of the Australian technology sector as homegrown innovation continues to be shared more broadly throughout the world”.

“Will You And Vitalik Ever Bury The Hatchet And Collaborate” Cardano Founder Responded “I Don’t Have Any Issues On My Side, These Are The Journalist Keeping The Fight Alive For Making Money”

Mark Brennan
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“Will You And Vitalik Ever Bury The Hatchet And Collaborate” Cardano Founder Responded “I Don’t Have Any Issues On My Side, These Are The Journalist Keeping The Fight Alive For Making Money”

In The Latest Surprise AMA (Video below), Cardano Founder, Charles Hoskinson Responded To A Question “Will You And Vitalik Ever Bury The Hatchet And Collaborate” Saying “I Don’t Have Any Issues On My Side, If Vitalik has some thing interesting we would be happy to do it And These Are The Journalist Keeping The Fight Alive For Making Money.”

Read: Cardano Founder “Users Can Run Smart Contracts The Moment Hard Fork Comes On.”


Cardano Founder, Charles Hoskinson said:

“Well i dont have any issue on my side, The issue is the Ethereum community repeatedly call me pathological liar, sociopath, and a bad actor. And points to books written about the stuff ten years ago, that aren’t even true and post screenshots of pages of books and then Vitalik validates them, so what you do with them.

Read: Yoroi Wallet To Release Dapp Connector That Will Allow Interactions Between Users And Dapps On Cardano Blockchain

If Ethereum people come to me, saying we would like to work or do something that is promising and interesting than we will do it together, it is as that simple.

It is not from our side personally attacking them, i dont wake up in the morning thinking Vatalik is bad guy.

We are a big company, we are doing great, we are doing amazing stuff, we are beautiful community, I am where i want to be, we are a bio tech company, the life is fu…ing good. 

There is just some sort of bizarre act of keeping the rivalry, or fight that happened in 2014 alive and that is kept alive by journalist for making money.

To tell you the truth it never crossed my mind, unless it was brought up. If Vitalik has some thing interesting we would be happy to do it together. It could be VDF, it could be VRF, it could be a consensus research, it could be the interconnections with the EVM work we do, it could be anything.

Read: Morningstar Strategist Expect Cardano To Become A Mainstream Crypto Like Bitcoin And Ethereum

Ironically despite all of the misgivings that occurred online and on Twitter, i was always treated with respect and dignity in most Ethereum conferences.”




 

Watch Video: (Jump to 29:22 for Charles Hoskinson response to question “Will You And Vitalik Ever Bury The Hatchet And Collaborate”)

 

 

In A Surprising Gesture Of Support, Bank Of America Outlines Key Benefits Of El Salvador Bitcoin Adoption

Mark Brennan
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In A Surprising Gesture Of Support, Bank Of America Outlines Key Benefits Of El Salvador Bitcoin Adoption

Bank of America analysts stated that El Salvador’s decision to recognize Bitcoin as legal tender could facilitate money transfers, financial digitization, give consumers more options, and open the country up to US companies and digital currency miners.

Read: Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin Buys


 

Bank of America, the US’s largest bank, recognized many benefits that Bitcoin offers El Salvador in an extraordinary gesture of support.

According to the bank, the introduction of the Bitcoin could reduce the cost of sending remittances. These remittances account for almost a quarter the country’s gross national product. This could in turn increase Salvadorans disposable income.

Another benefit of Bitcoin adoption is the provision of banking services to non-bank customers. 70% of El Salvador’s population does not have access to a banking account.

El Salvador, like Iceland, could also attract foreign direct investment flows.

Read: State Street The Second-Oldest Continually Operating United States Bank To Offer Crypto Services

The report writes:

“Using Bitcoin for remittances could potentially reduce transaction costs compared to traditional remittance channels. The idea is that Bitcoin could be used as an intermediary for the cross-border transfer, so that dollars are converted to Bitcoin by the sender and then converted back to dollars domestically by the receiver. Volatility could be reduced if conversions happen automatically.

If Bitcoin indeed lower transaction costs, then for every Dollar the Salvadoran sends home, a greater portion of that Dollar could be received by the recipient’s increasing their disposable income and reducing the portion of remittances lost to financial intermediaries.

Another positive implication is financial digitalization, More than 70% of adult population in El Salvador does not have a bank account, For that reason democratizing access to electronic payments, through Bitcoin, has a progressive touch.

One could make the case that adopting Bitcoin as legal tender is about more choice to consumers, embracing innovation and doing more business with American companies.” 

 





El Salvador became the first country to accept Bitcoin as legal currency in June. This was a significant milestone in the development of BTC.

Read: Michael Saylor “Bitcoin Is Digital Real Estate

International Monetary Fund and United Nations Economic Commission for Latin America & the Caribbean criticized the decision to integrate BTC in the El Salvador finance system.

World Bank also Refuses El Salvador Request To Assist With BTC transition as World Bank sees concerns with Bitcoin environmental impact and transparency as reasons why they would not support El Salvador decision to accept Bitcoin as an officially accepted currency. (Read More).

As El Salvador has recognized Bitcoin as legal currency, many other Latin American countries have suggested that they are developing their own cryptocurrency strategy.

Cardano Founder, Charles Hoskinson “Users Can Run Smart Contracts The Moment Hard Fork Comes On.”

Mark Brennan
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Cardano Founder, Charles Hoskinson “Users Can Run Smart Contracts The Moment Hard Fork Comes On.”

Cardano (ADA) founder Charles Hoskinson in his latest live stream update on YouTube confirmed that “we are on schedule things are moving along, chugging away” with the ‘Alonzo’ hard fork update.



​​In his brief video, Hoskinson revealed that a parallel hard fork is required and it’s not something done sequentially as there are two parallel tracks taking place simultaneously; track number one is the hard fork itself, and the other is building around that node.

Charles confirmed:

“There are kind of two parallel tracks going on at the same time for the launch of Alonzo. Track number one is the hard fork combinator event, strictly about getting Alonzo capabilities to the node the other track is about building the infrastructure around that node that allows you to run both off-chain and on-chain code and build full Dapps.

I still believe that most of the development infrastructure will be built in the August-September time frame. What does that mean? It means that you actually can run smart contracts the moment that hard fork comes on Cardano infrastructure and building an increasingly better environment for Cardano apps to be developed and deployed on”





Watch Video:

Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin Buys

Mark Brennan
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Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin Buys

In a recent interview with CNBC MicroStrategy CEO, Michael Saylor defends $2.2 billion debt-financed bitcoin buys.


MicroStrategy CEO Michael Saylor on Friday defended his enterprise software company’s debt-financed purchases of bitcoin, telling CNBC he sees buying the cryptocurrency right now as comparable to investing in Facebook in the social network’s early days.

He said:

“We’ve got $2.2 billion of debt and we pay about 1.5% interest, and we have a very long time horizon,” Saylor said on “Squawk on the Street.” “Our point of view is being a leveraged, bitcoin-long company is a good thing for our shareholders.

If you borrow billions of dollars at 1% interest and invest it in the next Big Tech digital network that you thought was going to be the dominant Amazon or Google or Facebook of money, why wouldn’t you?” Saylor said. “I mean, if I could borrow $1 billion and buy Facebook a decade ago for 1% interest, I think I would’ve done quite well.

Everybody is looking for this open way to store value and move value at the speed of light using a computer chip and a mobile phone,” Saylor said. “You had Google. They created digital books. You had Facebook; they created digital communications. Apple gave us digital music, and Amazon gave us digital retail. Bitcoin is digital property on a big tech, open monetary network.

Our view is it’s only a matter of time before billions and billions of people have mobile phones pugged into bitcoin, and we just want to be there first.”





Watch Video:

Cardano Price Prediction: Cardano Awaits A Range Breakout For 40% Upswing

Albert Brown
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Cardano Price Prediction: Cardano Awaits A Range Breakout For 40% Upswing

Cardano anticipates a breakout from a range of two key moving averages (50 SMA and 100SMA) in the 12-hour chart.

Bullish RSI is giving hope to ADA buyers. On a sustained break above the 100 SMA, the ADA price will rise to $1.45 where 200 SMA will act as resistance, a break through above 200 SMA will lead price to $1.80 which is a 40% increase.

Read: Michael Saylor “Bitcoin Is Digital Real Estate



ADA rose $1.39 after finding support at $1.18 a few days earlier. Despite sharp fluctuations, Cardano’s prices remained within trading range of $1.25 to $1.30.

Current positive sentiments can be because of recent Yoroi Wallet Release of Dapp Connector That Allows Interactions Between Users And Dapps On Cardano Blockchain. (Read More)

The ADA/USD pair is poised for further growth.

Cardano’s 12-hour chart shows that price is in a familiar range with losses being supported by the 50-simple moving Average (SMA), at $1.25.

Read: 57,000 Bitcoin Left Crypto Exchanges In 24 Hours Showing Bullish Sentiments

ADA bulls are still finding resistance from 100 SMA at 1.31.

ada analysis 31-7-21

A breakout from the current range is possible, with greater odds of an upside breakout, amid a bullish cross in the indicated timeframe. The 21-SMA is poised to cross the 50-SMA higher to the upside, which will confirm a bullish cross.





Although the Relative Strength Index (RSI) remains well above 50.00. This adds confidence in a possible advance.

The close of the 12-hour candle over the 100-SMA may trigger a new rally towards the July 26 high at $1.40.

Further up, bulls will attempt to reclaim the horizontal 200-SMA for $1.45.

Once the 1.40 to 1.45 strong resistance is crossed ADA bulls can easily march towards $1.80 which is a 40% increase.

Read: PayPal CEO, Paypal Crypto Super App Is Code Complete And Will Launch Soon

If ADA bears take control 21 SMA and 50 SMA can act as support present at $1.24 and $1.27 respectively.

Overall, Cardano’s price seems to be on the path of least resistance with potential upsides.

Binance Stops Crypto Futures Trading Services Across European Countries

Mark Brennan
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Binance Stops Crypto Futures Trading Services Across European Countries

Binance Exchange will stop offering Futures and Derivatives trading products for all European users.


The Bloomberg Terminal reports that Binance Holdings will cease to offer Crypt–futures trading in Europe.

Walter Bloomberg reports:

“MAJOR CRYPTOCURRENCY EXCHANGE BINANCE SAYS IT WILL WIND DOWN ITS FUTURES AND DERIVATIVES PRODUCTS OFFERINGS ACROSS EUROPE.

BINANCE SAYS ITS USERS IN GERMANY, ITALY AND THE NETHERLANDS WILL, WITH IMMEDIATE EFFECT, NOT BE ABLE TO OPEN NEW FUTURES OR DERIVATIVES PRODUCTS ACCOUNTS.”

 




Binance Said:

 

Users in Germany, Italy, and the Netherlands will not be able to open new accounts for cryptocurrency futures trading with immediately effect.

Binance CEO Said on Binance decision: 

“Regulatory compliance is a must, not a decision. And it leads to MORE market access and adoption, not less.Crypto adoption is probably around 2% now. Let’s go get the other 98% onboard.”

 

Earlier Changpeng Zhao, Binance CEO and Founder, stated that Binance will work with local regulators in order to establish Binance regional headquarters.

Binance’s CEO has also indicated that he is willing to step down in order to allow the exchange to become a regulated financial institution.

Zhao Said On Twitter:

“There are no immediate plans to replace me as CEO. I/we would very much like to hire a strong compliance background CEO to show our commitment to compliance as this is the top priority of the organization.

Financial regulators all over the globe are now looking into Binance as Binance received numerous warnings from seven countries regulators. Read More: Italy Becomes The 7th Country To Issue A Regulatory Alert Against Binance 

Zhao stated that Binance is now looking to establish regional headquarters all over the globe, and has requested licenses whenever possible, in light of recent events.

The world’s largest crypto exchange has been in trouble with regulators around the globe. Banks and regulators in many countries had stopped its operations. 

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