The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation. While it may be too soon to fully understand the impact of the FTX collapse, industry leaders within crypto-friendly geographies believe that the FTX failure will not hamper innovation. For example, Dubai — which has been dubbed as one of the most innovative regions for crypto and blockchain development — continues to see ecosystem activity. Most recently, The …

The leading institutional Web3 summit will kick off in Miami soon — and has attracted high-profile speakers from across TradFi and Web3. MiamiWeb3 — which is being held at the InterContinental Hotel from Nov. 28 to 30 — will provide a platform to discuss key trends in this fast-moving sector, as well as policy and where the industry is heading next. The city's mayor, Francis Suarez, will be among the attendees — alongside Senator Cynthia Lummis, who has made a name for herself as one of the staunchest cryptocurrency supporters in Congress. She has also played an instrumental role in …

Former FTX CEO, Sam Bankman-Fried ‘SBF’, as well as a number of celebrities who endorsed FTX, have been named in a class action lawsuit filed on Nov.15 in Miami. Implicated in the class action lawsuit are celebrities, athletes, and teams, such as; Tom Brady, Gisele Bundchen, Steph Curry, the Golden State Warriors, Shaquille O’Neal, Udonis Haslem, Larry David, and all other parties who either “controlled, promoted, assisted in, and actively participated in” FTX Trading LTD and West Realm Shires Services Inc. According to the filed court documents, Edwin Garrison, the plaintiff, purchased and funded his account with a sufficient amount …

Miami is positioning itself as the crypto capital of the world — and over recent years, the Floridian city's become the go-to destination for summits and conferences with impact. Now, after becoming the home to Bitcoin 2022, CryptoWorldCon, Metaverse Miami and the North American Bitcoin Conference, the sundrenched metropolis has a new major institutional event for the sector to look forward to. The inaugural MiamiWeb3 summit is set to take place from Nov. 28-30, 2022, and will be based at the InterContinental Miami hotel. What makes this event different is that it's being organized by the city itself — alongside …

One of the world’s oldest competitive “breakers,” or breakdancers, is twisting and shouting Bitcoin (BTC) on dancefloors across the United States. Aged 64, Ben Hart told Cointelegraph he reckons he’s “the world’s oldest actively competing breaker.” For context, Gary Gensler, the Securities and Exchange Commission, or SEC Chair, is the same age. But it’s unlikely Gensler will be shredding up the dancefloor wearing Bitcoin jerseys any time soon: Some are asking for more footage of me, the 64-year-old break dancer who wears a #Bitcoin shirt in all his breaking battles. Me last weekend in Chicago. Retweet if you like this! …

The cryptocurrency market is often recognized for its uncertainty; its underlying technologies represent a major disruption across industries, such as finance, gaming and supply chain. Consequently, asset prices rise and fall alongside changes in regulatory measures and new applications for the technology. Most successful investors would agree that investing is about balancing high-risk and low-risk assets to minimize loss and maximize earning potential through diversification. As a result, investors often build portfolios that combine real estate assets, stocks and digital currencies to ensure their portfolio is properly diversified for success. With this in mind, PMG and Greybrook have partnered with …

Kristina Cornèr, Cointelegraph's editor-in-chief, sat down with Miami Mayor Francis Suarez at the recent World Economic Forum held at Davos, Switzerland, to discuss topics like the role the mayor played at the WEF, Bitcoin being a global currency and what the mayor does with his BTC. According to Suarez, his role at the WEF is different from what he did at the Bitcoin Miami event. At Davos, the mayor noted that he played an "evangelist role" where he's teaching people about Bitcoin. He explained that he is trying to get people to understand that this technology is going to impact …

Miami mayor Francis Suarez believes that Bitcoin (BTC) should be seen from an innovation perspective rather than just as an investment asset. Suarez’s comments came during his discussion on “The Future of Crypto” on the third day of the ongoing World Economic Forum (WEF) 2022 at Davos. He said: “We live in a world where investors only look at things from a return perspective, but Bitcoin should be seen from an innovative and technology perspective.” When asked about his views on the volatility debate in the crypto market, Suarez said that the phenomenon is a part of the crypto ecosystem …

The tiny Portuguese archipelago of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement, made during the Bitcoin 2022 conference in Miami, has spurned confusion and misinformation. Miguel Albuquerque, the president of the Regional Government of Madeira, hopped on the stage in April to announce: “I believe in the future, and I believe in Bitcoin.” He also said he would work to “create in Madeira a fantastic environment for Bitcoin.” However, the details remained unclear. Cointelegraph spoke to André Loja, a Madeiran entrepreneur who spearheaded the plan to bring BTC to the archipelago in the Atlantic …

Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since their all-time highs. According to data from CoinGecko, the price of MIA has dropped 92% since its ATH of $0.055 on Sept. 20 to sit at $0.004 at the time of writing. While NYC’s value has fallen by 80% since its March 3 high of $0.006 to trade at $0.0014. With investors getting burned across many other crypto assets as of late, demand for MIA and NYC coins has almost completely dried up. Trading volume for the duo …

The Stacks Ventures project accelerator has accepted 12 projects to help make CityCoins more appealing to global mayors who want to utilize a digital asset to receive rewards and bolster their economies. Stacks Ventures is a $4 million accelerator for projects on the Stacks Bitcoin layer-2 smart contract solution. CityCoins is a project that enables partnered city governments to launch their own token on Stacks, with Miami City And New York City being the first two to sign on with MiamiCoin and NYCCoin. As part of the partnerships, the local governments earn CityCoin rewards and stake the asset to receive …

Miami Tech Week took place last week in the South Florida city as part of the April Tech Month program, which also included NFT Miami and the Bitcoin 2022 conference earlier in the month. Tech Week kicked off with the eMerge Americas conference and the myriad of panel discussions scheduled throughout the city that followed. Cointelegraph gathered some key insights from thought leaders who participated, and the two main themes are Miami as a hot spot for crypto folks, and crypto as a disruptor of the investment landscape. eMerge Americas is a venture-backed organization with a mission to position Miami …