The item would establish a task force that could delve into the feasibility of using cryptocurrency in Miami-Dade County, to explore any potential benefits and pitfalls that could result from its use. It is important to explore all avenues that can support an expanding tech and startup presence to benefit our economy, Cohen Higgins tells
New Times. (A copy of the proposed resolution is attached at the end of this article.)
The proposal comes amid a growing wave in Miami to embrace cryptocurrency and tech investment, with some elected leaders pushing to make the region a new tech hub.
City of Miami Mayor Francis Suarez has been a vocal advocate in that mission, attempting to recruit tech entrepreneurs with flattering tweets and advertisements. Cohen Higgins proposal cites a February resolution by Suarez that asked the City of Miami to study whether and how it could use Bitcoin to pay its employees and conduct business.
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XBTO CEO Philippe Bekhazi and Two Roads Development’s Reid Boren with 2955 Northeast Seventh Avenue (Google Maps)
Cryptofinance firm XBTO Group is moving its headquarters to Miami.
The New York-based firm paid $5.4 million for a waterfront commercial condo at Biscayne Beach in Miami’s Edgewater neighborhood. Two Roads Development, which built the 51-story tower, sold the 5,400-square-foot space, said Arden Karson of Karson & Co., who brokered the deal. It traded for $976 per square foot.
Arden Karson
XBTO Group could not immediately be reached for comment.
The commercial unit at 2955 Northeast Seventh Avenue hit the market last year for $6 million with Karson and Douglas Elliman’s David Restainer.
Ricky Carioti/The Washington Post via Getty Images
West Virginia is launching a new program aimed at luring remote workers to the state.
Called Ascend WV, the program offers $12,000 cash and other benefits to workers who relocate.
Some major companies, like Twitter and Ford, have already said employees may work from home forever.
West Virginia is hoping to lure remote workers to the Mountain State with the promise of $12,000 and a year s worth of free outdoor activities.
The state tourism office on Tuesday announced a new program called Ascend WV aimed enticing those who work from home to move to West Virginia. Ascend WV will provide relocation packages to incoming residents, starting with 50 slots for those interested in moving to Morgantown, home to West Virginia University. The program will eventually expand to more cities across the state.
It’s safe to say the world has changed since we all went into lockdown last year when COVID-19 was declared a global pandemic. Many of the changes have already taken effect and many more are still yet to materialize, but so many industries and processes have adapted and updated since everyone was stuck at home for (now) over a year and that could be both good and bad.
Though Bitcoin was popular before the pandemic, its widespread use has increased as favor toward physical cash waned over the past year. It’s influence has spread to such a degree that now popular Miami nightclub E11even will accept cryptocurrency as payment when it reopens in April.