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  • 2 weeks later...

It's scheduled from June 3 to June 5 at the Mana Convention Center in Miami’s Wynwood neighborhood. With a host of reputable attendees including Twitter CEO Jack Dorsey and Miami Mayor Francis Suarez, who has said he wants to make the city a crypto hub.

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Miami is now a major tech hub in eastern US. The Wynwood neighborhood, in particular, has become a center for arts, technology, and innovation. Last January, Mayor Suarez said he is looking into allowing citizens to pay taxes and fees to the city in bitcoin. How cool is that?!!

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  • 5 weeks later...

Musk had initially helped the coin reach new highs. Bitcoin rose 8.5% to $44,790 after Tesla disclosed that it had bought $1.5 billion of Bitcoin in February, and continued to soar until April, when it hit its all-time high of $62,000.

Then Musk said his car company would stop accepting Bitcoin, citing environmental concerns. Powerful computers, often powered by coal, use entire countries-worth of electricity to crunch complex sums necessary to process Bitcoin transactions.

Musk’s comments, which preceded a much stronger crackdown on Bitcoin from China, contributed to a huge sell-off, and the price of Bitcoin swiftly cut in half. 

Screen Shot 2021-06-30 at 9.59.40 AM.png

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