Spotlight Growth
No Result
View All Result
Monday, March 27, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

MiamiCoin Integrates Cryptocurrency with Civic Finance

$10 Million Already Raised by the Crypto Project Through Early October 2021

by admin
October 8, 2021
in Cryptocurrency
0
MiamiCoin Integrates Cryptocurrency with Civic Finance

MiamiCoin CityCoin 10 Million Crypto Spotlight Growth

Despite their decentralized nature, cryptocurrencies depend on favorable regulations in their home area. Due to the fragmented nature of US cryptocurrency regulations, several locations are jockeying for that top spot. The state of Wyoming continues to court blockchain companies through benevolent legislation. Yet, Miami is clearly in the lead, as far as individual cities. Already boasting a robust tourism and business sector, Miami also hosts one of the largest Bitcoin conferences in the world.

As part of their push, Miami embraced their cryptocurrency known as MiamiCoin. Part of the CityCoin series of projects, MiamiCoin allows users to earn cryptocurrency in a way that directly benefits their choice of city. Revenue generated through MiamiCoin has already topped $10 million USD – a considerable benefit for the city. Success with the Miami version will hopefully encourage other cities to join and reap the same benefits.

What is CityCoin?

CityCoin is a project based on the Stacks protocol and STX token. Stacks introduces smart contract capability to the Bitcoin blockchain, enabling a variety of otherwise unavailable features. CityCoin leverages this to allow users to stake STX tokens and earn tokens – such as MiamiCoin. Users receive 70% of the staking reward, while the city in question receives the other 30%. This encourages users to support their city while simultaneously earning interest.

MiamiCoin, Source: BTC Manager
MiamiCoin, Source: BTC Manager

Only a city’s financial controller can claim the associated tokens for city use, preventing these funds from falling into incorrect hands. While a long shot for general adoption, Miami’s use of CityCoin could drastically boost the system’s legitimacy. Further, platforms like CityCoin could ingratiate the cryptocurrency industry to various municipalities, generating positive press that could halt undeserved overregulation.

Miami Aims to be a Crypto Hub

While Silicon Valley is still the center of the tech-based industry, rising costs and nebulous cryptocurrency regulations have left crypto start-ups seeking greener pastures. Miami offers many of the same advantages as California – warmer weather, desirable real estate, and a younger population. On top of this, Miami offers a shockingly crypto-friendly environment. Beyond MiamiCoin and the Bitcoin conference, Miami’s city government staunchly supports the industry.

Whether the Magic City can cement itself as the center of cryptocurrency in the United States remains to be seen. However, their efforts thus far have paid off – and soon, Miami will exist as a virtual city with NFT-based real estate.

Tags: Bitcoinblockchainblockchain newsBTCBTC newsCitycoincoinbasecoinmarketcapcryptocrypto hubCryptocurrencycryptocurrency newscryptonewsdigital currencyemerging growthETHEthereumgovernmentinvestinginvesting newsinvestmentMiami cryptoMiami crypto hubMiamiCoinNFT newsNFTsSpotlight Growthtech
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Is U.S. Government Trying to Ban Crypto Spotlight Growth

Is The U.S. Government Trying to Ban Crypto?

March 23, 2023
Bioadaptives OTC Pink BDPT LOI World Wellness Health and Wellness Spotlight Growth

Bioadaptives (OTC Pink: BDPT) Signs LOI with World Wellness, LLC to Develop New Health and Wellness Products

March 23, 2023
JanOne NASDAQ JAN Sells ARCA Recycling Business Focus on Biopharma Spotlight Growth

JanOne (NASDAQ: JAN) Sells ARCA Recycling Business to VM7, Will Focus on Budding Biopharmaceuticals Business

March 22, 2023
89bio NASDAQ ETNB Phase 2b ENLIVEN Trial Pegozafermin NASH Spotlight Growth

89bio (NASDAQ: ETNB) Reports Phase 2b ENLIVEN Trial of Pegozafermin Achieved Primary Endpoints For Treatment of Nonalcoholic Steatohepatitis (NASH)

March 22, 2023

Recent News

Is U.S. Government Trying to Ban Crypto Spotlight Growth

Is The U.S. Government Trying to Ban Crypto?

March 23, 2023
Bioadaptives OTC Pink BDPT LOI World Wellness Health and Wellness Spotlight Growth

Bioadaptives (OTC Pink: BDPT) Signs LOI with World Wellness, LLC to Develop New Health and Wellness Products

March 23, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested