Nick Spanos is a pioneer in the bitcoin and blockchain technology space. In 2013, Spanos founded Bitcoin Center NYC — the world’s first-ever cryptocurrency trading floor, which initially opened directly across from the NYSE in 2013. Spanos is also CEO of Blockchain Technologies Corp., which patented VoteWatcher, the first-ever blockchain voting platform. He is co-founder of Zap.org, which solves one of the biggest challenges for blockchain smart contracts, by allowing real-world data and events to trigger smart contract provisions for the first time. Spanos was featured in the recent Netflix documentary Banking on Bitcoin and is a sought-after speaker at blockchain events worldwide.
He is co-founder of Zap.org, which solves one of the biggest challenges for blockchain smart contracts, by allowing real-world data and events to trigger smart contract provisions for the first time. Zap is a cross-chain multifunctional DeFi protocol. Users can swap tokens, earn rewards by validating oracle data feeds, and raise funds on customizable bonding curves on our platform. Spanos was featured in the recent Netflix documentary Banking on Bitcoin and is a sought-after speaker at blockchain events worldwide. He was also Founder of GetaRoom.com in 1997. In 1983 he attended New York Institute of technology where he studied computer science and AeroSpace Engineering.
When did you first meet with the crypto business?
Nick: “In 2010 a colleague of mine wanted to buy a website domain name that I owned, and he convinced me to accept Bitcoin as payment. That was my first interaction with Bitcoin. Since then I became increasingly involved with the technology. Near the end of 2013, I rented out a large event space for a Bitcoin-themed Christmas party, and we all decided to keep the place open as a center where people can assemble to learn about Bitcoin. Bitcoin Center NYC exists today as the first physical representation of this highly decentralized technology.”
What motivates you?
Nick: “Well for starters the 2.5 billion unbanked people in the world who could add to the global economy are unreachable. Bitcoin allows us to supply these people with the resources and the support to learn about this technology and send value to someone on the other side of the globe. What also motivates me is the blockchain, and its ability to independently verify a multitude of transactions that originally required a room full of people to process. Bitcoin operates person to person. The benefits of a truly decentralized financial system are becoming increasingly apparent. You don’t need a third party or people in smoke-filled back rooms making decisions with the stored labor of your life. That’s what motivates me as well.”
Nick Spanos, Co-founder at ZAP, did us the honor of speaking at AIBC Summit this November 2021. During the main stage event for DeFi & Emerging Tech, Nick gave a keynote speech to open the event! AIBC Summit aims to be a pillar in the technological development by uniting tech-leaders, regulators, investors and entrepreneurs from across the world to discuss, share ideas, make partnerships and build the foundation for the industry of tomorrow. ? Check out what AIBC has lined up for 2022 ➡ https://aibc.world/
Experienced gaming developer, Jean-Philippe Beaudet launched his career at UbiSoft. Mr. Beaudet worked and researched natural language processing for Luminary, a private American research lab. He cultivated an interest in machine learning and decentralized technology which led him to co-found S3R3NITY Technologies, a technology incubator from which he launched numerous start-ups. He was an early enthusiast of blockchain technology and contributed to major projects such as a Bitcoin brokerage platform and a marketing data analytics tool for financial institutions. Seeing the opportunity to marry blockchain technology with artificial intelligence to meet the needs for a decentralized data market he founded VN3T. He is also the President and Chairman of VSEKUR. He is an advisor on multiple blockchain initiatives and a regular conference speaker.
Dunstan Teo is a polymath that was self-taught and later mentored in economics, business strategies, game theories, sociology, behavioral psychology, and social conditioning. He co-authored the book titled The Bitcoin Dystopia – The Prelude. He started mining Bitcoin 11 years ago and is a well-known OG in the Bitcoin space.
He is a founding partner of many VC Funds, a global venture builder to big and small enterprises, a builder of sovereign level tech, a creator of new economic models, a president of a multi-family office advisory, an advisor to exchanges, and many more to come.
Now, he is the President of Sanctum Global Ventures.
Sanctum Global Ventures is a Capital Venture, Asset Management and Private Equity company headquartered in DIFC, Dubai, UAE. The company is a goal-driven fund empowering businesses globally that are working on sustainable development through venture building, new technologies, impact investments, synergy, and technology transformations. From strategizing and raising capital in seed & private rounds to investing clients’ funds in secure ways, creating brand awareness to facilitating organic community growth, the leading ecosystem fund offers 360° services relating to investment management. Sanctum has provided its professional-level service to Black Ocean, Digital Finance Exchange, Blockbank, EX-Sports, GoldFinX, Safle, XY Finance, Blockchain Valley, 5ireChain, and Philcoin just to name a few.
“I’ve always thought my dream was to be a scientist, a speaker, a preacher, an educator, a professional gamer, an economist and a tech entrepreneur. These were all avenues that I’ve explored and acquired skills in, but something was missing in all these. These were all occupations that can change the world, but I wanted more. The passion and spark that was missing was ignited when I chanced upon a program 10 years ago that was a simple game and yet it created something called Bitcoin. As a gamer, I got interested and decided to dabble in it. By chance, I picked up the whitepaper online and my perspective of the world changed. The financial world was in a mess and this new concept became my all-encompassing belief, science and vision. This new world is one in which I could become the scientist, the speaker, the preacher, the educator, the gamer, the economist and the tech entrepreneur. I am now a consultant to projects and enterprises big and small, a builder of sovereign level tech, a creator of new economic models, a president of a multi office advisory, an author (which is a bonus), an advisor to exchanges and more to come.”
Matthias Mende is a German entrepreneur living in Dubai since 2007. In 2016, Mende developed an interest in Bitcoin, which drove him to research further into blockchain technology.
He is a key opinion leader and influencer with followers of more than 300,000 across his social media platforms. Additionally, Mende has considerable experience with crypto-mining and trading. In 2018, he served as Chief Strategic Officer in Block Gemini, the most significant blockchain software developer in the Middle East. He assisted with different enterprise blockchain applications for governments and other major companies.
Mende is also an advisor for the German HYGH AG and the CEO of the Dubai Blockchain Center, which he co-founded. Currently, he is dedicated to building the Bonuz Market Social Engagement Ecosystem – a multi-blockchain socialfi and gamefi web3 platform with its own self-sovereign digital identity and its native currency.
Max Krupyshev has been involved with Bitcoin since 2013, just after receiving his MA in Business Administration. He became very enthusiastic about crypto and co-founded a blockchain software development studio in Kiev.
Later, Max Krupyshev founded the Bitcoin Foundation in Ukraine and Satoshi Square in Kiev.
At that time, he worked for some of the largest BTC mining operations, including Cex.io and Ghash.io. Being a member of the Blockchain Working Group, an organization lobbying crypto in governments of different countries, he also participates in the annual Europol Cryptocurrency Conference.
Having vast experience in working with Cex.io and Ghash.io, Max Krupyshev leads one of the leading cryptocurrency payment services, Cryptoprocessing.com.
Max Krupyshev is the Co-Founder and Leader at CoinsPaid, crypto-financial ecosystem including a cryptocurrency wallet, payment processor, exchange with OTC desk, a hot wallet system for businesses.
Max
CoinsPaid helps 700+ online businesses accept Bitcoin and other cryptocurrencies. With €1.8 billion worth of crypto already processed in 2021, they are easily a leading crypto payment ecosystem. The CoinsPaid ecosystem includes all services your business needs to accept crypto — from a payment gateway to an OTC exchange.
SiGMA World celebrated the iGaming industry’s resilience even in the most troubling of times. With this we also congratulate the efforts made to make the iGaming world ethical, fraud-free and lawful.
Affiliate Grand Slam congratulated the brilliant marketers and influencers bringing much needed attention to a massive portfolio of industries and rejuvenating the economy one click at a time.
AIBC brought together the pioneers of a bright new age of emerging technology ready, able and willing to be the vanguard of Tomorrow. Other than just the established names, we also hosted many an entrepreneur seeking to expand the frontiers of AI and the Blockchain ever forward.
Finally, Med-Tech World united the medical professionals of many disciplines to combine their keen minds and inexhaustible passion for a better tomorrow with the entrepreneurial spirit of investors who also dream of a world free from disease and cancer.
The Week also saw many a networking dinner, speaking panel, drink gatherings and other opportunities for our hard-working delegates to unwind. A few highlights include the awards that congratulated those whose dedication, skill and acumen made them a leading figure in their industry as well as the fact that the conferences where graced by titans such as John Karony, Nolan Bushnell, Djibril Cissé, Akon and Mark Blandford who was awarded an Outstanding Contribution of the Year award for his pioneering work in the iGaming industry.
Vytautas Karalevičius is a science-driven entrepreneur with a strong financial background. He is currently working on Bitcoin and virtual payment card ventures, also interested in academic projects.
Vytautas studied at University of Durham, obtained a bachelor’s degree of Arts with honors in Business Finance. He holds a master’s degree of Philosophy in Finance with merits from University of Cambridge. Then he is graduated as Doctor of Philosophy in cryptocurrencies from University of Leuven. Doctoral researcher with focus on cryptocurrencies and blockchain technologies application for financial sector at Leuven Institute for Research of Information Systems (LIRIS).
During his studies at University of Durham, Vytautas was Budget and Finance Committee Intern at Lietuvos Respublikos Seimas. His duties included assistance during preparation for committee’s meetings as well as supervision of them. Moreover, Vytautas was Financial Analytics and Sales Internship at Bloomberg. Hewas responsible for managing relationships with clients from CEE region as well as preparing recommendations for the improvement of analytics’ desk efficiency.
After his studied, Vytautas worked as Analyst at Civitta. It is a leading independent management consultancy in Emerging Europe. He participated in several projects in energy, telecommunication, finance and real estate industries.
In addition, Vytautas is Co-Founder of SpectroCoin, SpectroCoin.com is a European Bitcoin exchange with the widest spectrum of features including: mobile wallets (iOS, Android, Windows Phone), debit cards (physical and virtual), merchant solutions (API and add-ons for eCommerce platforms), mobile top-ups in 123 countries, cash withdrawals in 27 countries to name but a few.
Karalevičius, is Co-Founder and Chairman of the board at Prevesk. Pervesk (means “to transfer” in lithuanian) is a licensed electronic money institution supervised by Central Bank of Lithuania. Pervesk is focusing and white label solutions, payment processing and card issuing.
Since almost five years, he is CO-founder of Bankera. Bankera is an international payment services business, offering solutions to individuals and companies. It is built with a focus on digital businesses; hence it welcomes clients from various digital industries such as affiliate marketing, eCommerce, gambling, cryptocurrency exchanges, P2P finance and others. Bank account alternative solution offers personal and business payment accounts with dedicated IBANs as well as private and corporate VISA cards. Currently, it supports SEPA and SWIFT transfers. Later the offering will expand to include mobile wallets and more. Bankera can help online business accept a wide range of payments online – from cards to crypto and alternative payment methods.
For anyone who is not familiar with gambling sites, the connection between cryptocurrency and gambling might seem like a stretch, but in reality, the two are important factors in each other’s industries, so one naturally affects the other. Blockchain technologies, or cryptocurrency, have been a part of the gambling industry for a long time and are a popular way of processing payments while playing casino games or gambling.
When it comes to cryptocurrency and gambling, there are mainly two currencies that have taken the largest part of the collaboration between the two industries, namely Bitcoin and Ethereum, and people tend to prefer the latter among the two. If you are interested in gambling online you should visit Zamsino’s Canadian site, and see all the options they offer there for people who want to explore gambling as an entertaining way to spend their free time.
Why cryptocurrency?
There are many reasons why the cryptocurrency is popular when it comes to online casinos and gaming, and the main reason why, is that it offers full anonymity. Because of how it’s encrypted, using cryptocurrency instead of regular currency, offers a whole different kind of confidentiality that a lot of people enjoy. It also means that no government or authority can regulate it, which is another popular reason for using cryptocurrency when gambling.
When you use cryptocurrency to gamble, and as a way to take your money off a given site, you are simultaneously also a lot better protected against hackling, because only the person with the access code (or key) is able to make changes, and that person is you. In short, you are able to control everything in a whole other way than you can when using normal currency.
When you gamble online without having to worry about privacy or hacking, you are able to have a much more relaxed experience, where you can really just focus on the entertainment you came for. But there are certain moral questions that you might want to take into consideration when you are choosing cryptocurrency instead of using normal currency.
Be aware of tax rules and regulations in your country
Depending on where you are from, the rules regarding the tax you are supposed to pay on what you win when you gamble can vary and is something that you should really look into. Because while many choose cryptocurrency because it’s private and can’t be traced back to them in the same way as money deposited into your account from an online casino can, and they, therefore, can’t be held accountable for earnings and taxed accordingly, it doesn’t mean that this is right.
Regaining total anonymity, safety from hacking, and all the other great facets of cryptocurrency is great, but you can safely enjoy gambling with cryptocurrency and still pay taxes according to the rules of the country you live in, regardless. It’s tempting not to because it is easier to get away with it, but it feels better to contribute.
Next up: Malta Week
Don’t miss out on amazing networking opportunities and exclusive industry insights at Malta Week. Four leading shows will bring the best of the business back-to-back to a first-class meeting point. Malta Week will consist of SiGMA, AIBC, Med-Tech World and AGS, each presenting the top developments of their focal industries.
The cross-collaboration of each brand make Malta Week the number one destination for leading think-tanks of the gaming sector, emerging tech, digital health and digital marketing. The middle of the Mediterranean is the perfect place for multi-faceted business deals and face-to-face conversations with leading affiliates, policy makers and thought leaders
Blockchain functionalities regarding security rely on the interaction between the nodes that participate in the consensus process, shielding the information stored in the chain from outside influences due to the availability of the contents of the chain to all the involved parties. However, this also prevents for multiple chains to communicate to one another to exchange relevant information.
Polkadot created a system where multiple parallelised chains can simultaneously store information while a separate, inter-connecting layer that fulfills the need of allowing the communication between chains, performing the consensus for validation, and monitoring the behavior of nodes so security is properly maintained.
I. Introduction
In a recent research document, we covered Zcash2 and how its vision and implementation is focused on combatting one of the issues that are inherently associated to blockchain and its functionality: privacy. Due to the growth in popularity of this technology and the increase in accessibility, individual and institutional users with specific needs which are not covered by the normal instances of blockchain are more common, and this fact has an obvious negative impact in the image of blockchain.
Since every chain is considered to be its own network, where the nodes partake in the consensus algorithm to verify which contents are valid and belong to the next block, the possibility of intercommunication between different protocols becomes nearly impossible. This may seem unimportant for most individual users, since simple operations in exchanges could work to move certain funds from one blockchain to another, but institutional clients that handle multiple accounts and wallets, or users looking to diversify their portfolio in an easier manner.
Polkadot, an initiative by Gavin Wood which we covered in an article some time ago, is looking towards implementing ways to facilitate intercommunication between multiple blockchains through the use of independent parallel chains that communicate through a core blockchain, which is responsible for consensus and security.
In this new document, we will go into further detail on how Polkadot looks towards implementing this mechanism and set a precedent for interoperability and scalability without sacrificing security, along with its future among the big players in the market and how it can shape the way new users interact with their assets.
II. Main proposal and functioning
Starting with the release of his paper in 20161, where he explained the hypothetical way in which a system that acted as an underlying connection between multiple blockchains, Gavin Wood has been developing his idea to its current, tangible state, establishing a system that works through the interactions of individual “parachains” via the “relay chain” that acts as the foundation.
II.a. Network Structure
Parachains are independent, parallelized data structures that act as the different blockchains handled by Polkadot. These chains have the capacity to support their own token(s) and optimize their functionality for specific uses or intentions, much like the platforms that can be built on the Ethereum network.
The main advantage of the implementation of parachains comes in scalability, since assets which are handled by large numbers of transactions could be “split” into multiple parachains, thus benefiting from the parallelized consensus and security of the relay chain. On top of this, they also offer the creation of parathreads, which act as lesser-scale, temporary chains for projects that do not require continuous connection to the network.
The difference between this concept and traditional blockchains is that parachains are not in charge of the consensus mechanism that validates their transactions, which we will explain later, and can even gather information that has already been validated from external sources like Bitcoin or Ethereum. This is possible by the use of bridges and allows for the creation of parachains which replicate the movements of the original ones, while taking advantage of the improvements brought by Polkadot.
As mentioned, the relay chain is the bedrock on top of which the rest of the network is built. It is the part of the network in charge of communicating all the multiple parachains, of ensuring the security of the information
– as it stores the headers of each parachain and preventing reorganization or double-spending – and is also the stage where the consensus algorithm is applied, which involves the interaction of nodes with multiple roles, all of this while avoiding excessive centralization of functions.
II.b. Roles and hierarchy
The consensus mechanism implemented in Polkadot relies in the interaction between multiple roles, each one ensuring that the information stored in the relay chain is valid. Through a Nominated Proof-of-Stake system, a large number of nominators cast their votes into the selection of validators, which later stake an amount of DOT tokens to participate in the consensus and select the transactions that will be stored in the relay chain. The information received by the validators is collected by the collators, which take transactions from each shard of the parachains and sending it to the validators. The last role in the ladder are the fishermen, which ensure that all other roles are fulfilling their functions and reporting bad behavior to validators, maintaining the correct functioning of the chain.
Multiple studies have shown how the implementation of hierarchy-based consensus algorithms helps towards mitigating blockchain’s weakness in scalability3,4,5, and in conjunction with the mentioned ability to create multiple parachains to support assets, Polkadot represents a clear improvement over other existing mechanisms.
II.c. Governance and the DOT token
Governance in the Polkadot network is also based in a hierarchy of roles, where elected Council Members represent the more passive stakeholders in processes like proposing referenda or vetoing malicious proposals. Besides the Council Members, the Technical Committee, active teams of users involved in the building and maintenance of the network, can propose emergency referenda.
This system is supported by the DOT token, which is used in the staking for the consensus algorithm and given as a reward for good behavior, whereas bad actors lose their stake. This token also gives its holders complete control over the protocol, as they become participants of the relay chain and manage processes besides the consensus algorithm, like upgrades and fixes to the protocol. Finally, the DOT token is also required to create new parachains, and an equivalent of tokens is destroyed when a non-useful or outdated parachain is removed from the network.
III. Projects built on Polkadot
With the growth that Polkadot has seen in the last few years, many projects have found the ground they needed to build their platform in this network, taking considerable advantage of scalability and fast validation times.
ChainLink, another platform that has experienced a steady growth in the past months, is an oracle chain built on Polkadot, whose main purpose is to gather data from other blockchains and networks and making it available for all the contracts in Polkadot. This interaction is made possible due to Polkadot’s support
for smart contracts, which also power projects like Edgeware and the current testnet for Charred Cherry.
In the financial side, ChainX and Katallasos have focused on building financial chains that allow users to hold and manage multiple assets in one single portfolio, given the existence of bridges with big chains like Bitcoin, Ethereum, Litecoin, Zcash, and many other. This interconnection also allowed Speckle OS to focus on the creation of identity chains, which do not link assets, but rather allow the use of fewer accounts to access multiple parachains: since the identity stored in this parachain is also verified and validated in the relay chain, it could also be used “outwards” to create accounts in other parachains.
IV. The future
Given how the system established by Polkadot facilitates the management and secure, decentralized storage of not only transactions, but almost every kind of file, it could be a great basepoint for Internet-of- things projects where multiple devices and manufacturers can connect and communicate with each other through the relay chain, without sacrificing their independent security measures and turning the user experience for the better.
Again, we see how projects like Polkadot, lead by individuals and groups with not only the required technical knowledge about the functioning of blockchain, but also the creativity to propose new solutions and the drive to see them become a reality, are the main force that will take this still-revolutionary technology to a state where most of its inherent problems are almost unperceivable, while also maintaining the sense of community that keeps a blockchain healthy and plowing the fields so other enthusiasts and visionaries can plant the seeds for the future of not only blockchain, but the handling of digital information and communications.
Next up: Malta Week
Don’t miss out on amazing networking opportunities and exclusive industry insights at Malta Week. Four leading shows will bring the best of the business back-to-back to a first-class meeting point. Malta Week will consist of events of SiGMA, AIBC, Med-Tech World and AGS, each presenting the top developments of their focal industries.
The cross-collaboration of each brand make Malta Week the number one destination for leading think-tanks of the gaming sector, emerging tech, digital health and digital marketing. The middle of the Mediterranean is the perfect place for multi-faceted business deals and face-to-face conversations with leading affiliates, policy makers and thought leaders.
By Buck Wargo – SiGMA US Correspondent
A new $4.3 billion resort opening next month will be the first Las Vegas Strip property to accept cryptocurrency. However, it will take a change in state laws across the country and federal acceptance before it can ever be used on casino floors.
The announcement by Resorts World Las Vegas is a big step for the Strip corridor and will likely put pressure on other casino properties to do the same.
In its announcement, Resorts World described the deal with Gemini as the first-ever partnership between a Las Vegas casino resort and a cryptocurrency exchange.
Resorts World, which opens on June 24th, said it has partnered with Gemini to explore future opportunities which would allow patrons to use their crypto wallet “to enhance the integrated resort experience.” They said details to pursue and “implement crypto-friendly services at the best-in-class institutional rates across all areas” would be finalized in the coming weeks.
Though cashless gaming is growing in Nevada, particularly since the reopening of casinos following the pandemic forced closure, cryptocurrency as payment on casino floors isn’t allowed under Nevada law. However, there is nothing preventing customers from exchanging it for cash that they could use for any purpose, including for gaming.
The crypto and blockchain industry is surging in popularity of late with bitcoin, Ethereum and a number of other cryptos smashing through price barriers.
This has resulted in a number of interesting startups entering the fold, and AIBC is proud to give these startups a platform to showcase their projects.
AIBC sits down with Luca Arrigo, from Decentraland Architects, to give us a deeper insight into what Decentraland Architects is all about.
Victor Castillejo has stated that the “habeas data” complaint that was filed against the Central Bank of the Argentine Republic (BCRA) argues that asking local banks for information on crypto users is illegal.
Castillejo claims that there is a violation in “privacy, human rights, constitutionally protected” of every user who is trading in cryptos, such as Bitcoin. The Argentinian lawyer provided the following on the matter:
“The BCRA does not have the power to compile a list of these characteristics, and if it does, that power does not allow it to avoid the obligations regarding the protection of personal data provided by Law 25,326 and Regulatory Decree 1558/2001.”
Castillejo filed the action before the National Court in Administrative Litigation No. 10 in Argentina and aims for the BCRA to delete any information they have collected. If this fail the class action habeas data will also seek to “disassociate the data that it has requested.”
The BCRA has requested information from local banks about customers who trade and deal in bitcoin and any other crypto transactions. The information requested by the Central Bank are:
The reason the BCRA are requesting this information is to evaluate whether the crypto market requires an extensive regulation.
Source: News.bitcoin
About AIBC Dubai:
AIBC UAE will take place on the 25th to 26th May, 2021, in the emirate of Dubai. The event will bring together key brands and individuals from the converging sectors of AI, blockchain, IoT, Quantum Tech to discuss and shape the future of emerging tech.
It is one of the leading events globally for blockchain, AI, crypto, and other emerging technologies, and gathers together an elite selection of delegates, policymakers and thought leaders from across the globe. Such international recognition has helped propel AIBC Summit become a favourite on the world circuit for emerging tech conferences and expos.
Miami’s mayor, Francis Suarez, is aiming to sell Miami as the crypto capital not only of the US but of the world.
Miami is nicknamed as “The Magic City” due to its rapid growth and fun, vibrant atmosphere. Now, Francis Suarez wants to turn Miami into a financial and tech hub.
The mayor told Dealbook:
“We want to be on the next wave of innovation.”
The city has undergone a massive marketing campaign, which included selling the naming rights of the Miami Heat’s arena to FTX crypto exchange.
FTX crypto exchange, which is headed by Samuel Bankman-Fried, was one vote away from winning it’s bid. Now, the NBA has just approved the deal to go through.
The deal is set to be worth $135million for the next 19 years and was approved by the Miami-Dade County Commission. From the $135M deal, $90M will be going into Miami’s coffers and this funding will be used to fight gun violence and poverty in the area.
Reports state that the agreement includes yearly payments from FTX to Miami-Dade. Miami-Dade control the naming rights for the building.
Moreover, mayor Suarez also wants to pay Miami’s municipal workers and accept tax payments in Bitcoin, while also invest Miami’s funds in bitcoin.
Miami has also experienced a massive influx of people coming to Florida from Silicon Valley and New York due to Bitcoin’s raise in popularity. There is belief that these two trends are related to each other, according to Mayor Suarez as companies are starting to realise the talent pool there is in Miami in regards to tech.
However, there is still an issue when it comes to regulation. Miami are said to follow Wyoming’s crypto policies. Wyoming, the least populous state in America, is embracing cryptocurrencies and has a number of pro-crypto lawmakers. These lawmakers are ensuring that digital currency remains an integral part of their legislative agenda.
Wyoming’s lawmakers had previously put forward a number of bills to attract the crypto industry. The three bills that were previously passed by the state aimed to make Wyoming the number one state in the US for cryptocurrency and blockchain businesses.
Miami has also gained the backing from IBC Group, a private equity firm based in Dubai. The firm claimed that is will spend 100,000 Bitcoin to help realise Mayor Suarez dream, by launching a Miami 2.0 Blockchain Strategy Foundation.
IBC Chairman Khurram Shroff said:
“Making the largest Bitcoin investment in history is proof of our commitment to assisting cities adopt Blockchain, which we see as the key to enabling widespread adoption”
Which states/cities will join Wyoming and Miami in becoming a crypto-focused area? Could these initiatives propel bitcoin into the mainstream?
About AIBC Dubai:
AIBC UAE will take place on the 25th to 26th May, 2021, in the emirate of Dubai. The event will bring together key brands and individuals from the converging sectors of AI, blockchain, IoT, Quantum Tech to discuss and shape the future of emerging tech.
It is one of the leading events globally for blockchain, AI, crypto, and other emerging technologies, and gathers together an elite selection of delegates, policymakers and thought leaders from across the globe. Such international recognition has helped propel AIBC Summit become a favourite on the world circuit for emerging tech conferences and expos.
