A Miami-Dade County commissioner is backing a new resolution to allow residents to use cryptocurrencies like Bitcoin (BTC) to pay local taxes. According to a Thursday document acquired by the Miami New Times, County Commissioner Cohen Higgins has brought a resolution to Miami-Dade’s Infrastructure, Operations and Innovations Committee calling for the establishment of a 13-member crypto task force. The task force would examine the feasibility of allowing residents to pay their county taxes, as well as pay for fees and services, using digital currencies including Bitcoin, Ether (ETH) and Litecoin (LTC). According to the document, crypto payments have the “potential …

Miami city employees could soon choose to get their salaries paid in Bitcoin rather than USD. In an interview with Forbes, Mayor Francis Suarez said tangible paths to expand Bitcoin's adoption throughout the city included enabling city employee salaries to be paid in BTC. Major figures in the cryptocurrency world have responded positively to the idea, with Twitter and Square CEO Jack Dorsey calling it “smart” on Twitter. Smart https://t.co/wxsQkbfPef — jack (@jack) February 2, 2021 Gemini co-founder Tyler Winklevoss stated that the mayor is “leading the way for governments and Bitcoin.” Mayor Suarez told Forbes that due to the …

The Ripple community is at a loss to explain the motivation behind a class-action lawsuit filed by Florida man Tyler Toomey against Ripple Labs and Ripple CEO Brad Garlinghouse over a $48.56 loss. In November 2020, Toomey purchased 135 XRP tokens at $0.724 each for a total value of $97.80. Following news of another lawsuit against Ripple in Dec that year, Toomey sold his investment for $49.24, suffering a loss of almost 50%. He’s now launched a class action costing eight times more in filing fees than the loss he claims to have incurred. According to the Middle District of …

Ripple Labs, the company behind the Ripple payment protocol and XRP-based products, is facing another lawsuit alleging the firm violated securities laws in the United States. On Monday, Florida-based XRP investor Tyler Toomey filed a civil suit against Ripple Labs and Ripple CEO Brad Garlinghouse. The lawsuit alleges that the defendants failed to comply with Florida securities laws by failing to register with the Florida Office of Financial Regulation. Toomey notes that Ripple Labs and Garlinghouse ar already facing a similar lawsuit for reportedly violating federal securities laws. The $1.35 billion suit was brought by the U.S. Securities and Exchange …

Miami mayor Francis Suarez is the latest high-profile figure to tout Bitcoin (BTC), offering more evidence that mainstream adoption is growing. In a Thursday tweet, Suarez called Bitcoin a “stable investment” during an “incredibly unstable year,” adding that he’s learning about the flagship digital asset through figures like Tyler Winklevoss and Anthony Pompliano. Great insight into how @Bitcoin has been a stable investment during and incredibly unstable year...currently reading Bitcoin Billionaires @tyler. @APompliano any other good reads? https://t.co/nenQ5xmfi7 — Mayor Francis Suarez (@FrancisSuarez) December 24, 2020 Winklevoss and Pompliano both responded to Suarez’s tweet. Tyler said he and his brother …

The crypto news headlines at the start of May with regard to Kleiman v. Wright were mostly variations on the theme of Craig Wright’s Satoshi case going to trial. The two parties appear well entrenched in their positions, and lawyers for both sides have said they expect the trial to begin as scheduled on July 6, 2020, in Florida. Does this mean there will be no settlement? “This is not like an ordinary commercial dispute where the parties can agree they’ve got a 50-50 chance of winning on an ambiguous contract provision, so they just split the difference,” Jason Gottlieb, …

Another episode of the Kleiman v. Wright saga concluded Monday with District Court Judge Beth Bloom ordering Craig Wright to turn over the 11,000-plus documents that Wright had declared “privileged.” Riveting the crypto world for more than two years, the case centers on 1.1 million Bitcoin that may or may not have been mined by Satoshi Nakamoto, Bitcoin’s founder, which may or may not be in a trust controlled by Craig Wright, who claims to be Satoshi Nakamoto himself. If any Bitcoins are retrieved, Wright may have to share them with the estate of his former business partner, the late …

From the outside looking in, the United States seems to present a host of amazing financial opportunities. However, when it comes to launching cryptocurrency exchanges or altcoin trading platforms, these possibilities start to dwindle and fade quite rapidly. In this regard, over the past few years, the U.S. regulatory landscape has seemed so hostile toward the crypto industry that a number of prominent exchange operators have preferred not to serve U.S. citizens at all — a case in point being Bancor, a decentralized liquidity network, that recently decided to block American citizens from using its website to convert its tokens. …

Self-proclaimed creator of Bitcoin (BTC) Craig Wright is questioning a recent court order requiring him to pay 500,000 BTC to the estate of a former colleague. Wright questions judge's power On Aug. 30, Wright’s attorney Andres Rivero filed a document with the United States District Court for the Southern District of Florida — asking for a 14-day extension to file a motion challenging Magistrate Bruce Reinhart’s order in favor of Dave Kleiman’s estate. Spelling the judge’s name wrong in the document, Rivero stated that Wright “does not concede that Magistrate Reinhardt had the power to enter the order that he …

A new person has stepped forward and claimed to be Satoshi Nakomoto, the pseudonymous creator of Bitcoin (BTC). Debo Jurgen Etienne Guido made his claim in a letter filed with a federal courthouse in Florida on July 22. Guido addressed his letter to Judge Bruce Reinhart — the judge overseeing the ongoing Kleiman v. Wright case. Guido wrote: “I hereby testify, by written letter — I am the genuine and only originator/creator of the genesis block of the Bitcoin blockchain. I used the handle Satoshi Nakamoto and mail [email protected] to write and publish the whitepaper bitcoin.” The case began back …

The Federal Election Commission (FEC) has tentatively approved an ERC-20 token issued by Omar Reyes to use in an incentives program for his congressional campaign. The FEC reviewed the coin project in a draft advisory opinion on July 5. According to the draft letter, the FEC believes Reyes is within his rights to issue his Ethereum-based “Omar2020Token” (OMR) as part of his campaign to join the United States House of Representatives from the 22nd Congressional District of Florida. The FEC argues that because the tokens are essentially souvenirs, with no monetary value, Reyes’ committee is free to issue them as …

The city of Madeira Beach, Florida, became the first municipality in the world today to officially embrace Bitcoin, following a resolution by the city council. The city has resolved to become “Bitcoin Beach,” in preparation for the upcoming “Bitcoin Bowl” that will be held a few miles south in St. Petersburg. BitPay, the world´s largest Bitcoin payment platform, will sponsor the game, which is also known as the St. Petersburg Bowl. The college teams of the University of Central Florida and North Carolina State University will play against each other on December 26, 2014. The teams are ACC Atlantic Coast …