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Giants of the crypto industry gathering in Miami, USA

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HIGHLIGHTS :

  • Blockchain.com has also opened an office in the Wynwood District of Miami.
  • Some other tech firms and investors are also present in the same district.
  • At least 75 companies may make announcements during the bitcoin conference

Blockchain.com has also opened an office in the Wynwood District of Miami.

The crypto industry has grown rapidly over the past few years. This is being reflected in the Bitcoin conference being held in Miami, USA. Many companies are using this Wednesday-Friday conference to expand the network, present ideas and make announcements related to the crypto industry. The city of Miami is cementing its reputation as one of the key locations to develop blockchain technology.

New York City and Silicon Valley were the leaders in funding blockchain startups last year, raising $6.5 billion and $3.9 billion, respectively, as reported by the Associated Press. Crypto exchange FTX last year bought the branding rights for the NBA Arena in Miami, replacing American Airlines. Blockchain.com has also opened an office in the Wynwood District of Miami. Some other tech firms and investors are also starting their businesses in the same district.

Some other tech firms and investors are also present in the same district.

City Mayor Francis Suarez is a major contributor to attracting crypto and tech companies to Miami. Peter Smith, co-founder and CEO of Blockchain.com, says that Wynwood has the necessary facilities for the tech sector. He said that Wynwood has a large number of tech companies like San Francisco and New York. Others in the tech industry believe that Miami and Florida are both good locations for business and were open during the pandemic.

At least 75 companies may make announcements during bitcoin conference

However, the past year has been a volatile one for bitcoin. It touched a high of $67,553 in November and by the end of January, its price had almost halved. It is currently down about 30 per cent from the November price. Bitcoin has also almost stayed away from some of the big trends in the crypto segment like non-fungible tokens (NFTs). NFTs provide an opportunity to auction unique copies of digital art and other items. The organizers of the Bitcoin Conference stated that during the event at least.

Many companies are using the Wednesday-Friday bitcoin conference to expand the network, present ideas and make announcements related to the crypto industry.

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