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Study: Florida is One of the Best States for Crypto Enthusiasts
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thecapitolist.com
New research has revealed the best state for cryptocurrency enthusiasts, with Florida coming in at No. 4 on the list.
Personal finance experts at DollarGeek analyzed a range of factors relating to the availability and popularity of cryptocurrency in each state, including the number of cryptocurrency ATMs, crypto-friendly businesses, searches, and crypto job listings.
It found that California topped the list as the best state for cryptocurrency, having the best balance of bitcoin ATMs, crypto friendly businesses, crypto jobs and crypto interests of any state. It has roughly 9.44 bitcoin ATMs per 100,000 people, 44.84 crypto friendly businesses per 100,000 and 189.41 crypto job listings per 100,000. California also has the most searches for the cryptocurrency of any state when accounting for population, indicating a considerable interest in crypto in the state.
Nevada follows in a close second place, with the state receiving a score of 96.65 out of 100 in the study. There are roughly 12.13 bitcoin ATMs per 100,000 people in the state and 92.04 crypto friendly businesses for every 100,000 total. There is also a strong interest in cryptocurrency, with an average search score of 96.5 out of 100. 97.34 crypto job listings for every 100,000 total shows substantial employment opportunities for crypto lovers as well. Read More
Cointelegraph
The exchange also said prominent crypto companies including Aptos Labs and Jump Crypto joined its industry restructuring initiative.
Crypto exchange Binance allocated another $1 billion to its Secure Asset Fund for Users (SAFU) just days after topping it up to $1 billion after its value fell as the crypto market declined. The emergency insurance pot was established in 2018 to protect users' funds.
Yesterday, #Binance allocated ANOTHER $1 billion to the industry recover initiative. All in BUSD.
— CZ 🔶 Binance (@cz_binance)
Nov 25, 2022
The expansion was affirmed in an email to CoinDesk after Binance CEO Changpeng "CZ" Zhao on Friday tweeted the money had been allocated to the exchange's industry recovery initiative, which aims to consider investment opportunities resulting from the collapse of firms such as Three Arrows Capital, Celsius and FTX. Read More
JEFFREY GREENBERG/UNIVERSAL IMAGES GROUP VIA GETTY IMAGES
The acceptance of NFTs by the traditional art market has been challenging. While some projects have enjoyed financial success and critical acclaim, others have languished, unsold and buried in a pile of visual noise. And, just as the art world was warming up to fine art NFTs thanks to thoughtful projects like Frank Stella’s Geometries on Artist Rights Society’s ARSNL platform or Peter Wu’s digital exhibitions at Epoch Gallery, the crypto landscape has seemingly collapsed, casting a chill that many fear will turn into a permafrost.
Unprecedented volatility in the crypto market — since bitcoin peaked at $68,000 last November, it and Ethereum have lost 75 percent of their value — culminated in the collapse of digital currency exchange FTX, a moment that many have likened to crypto’s “Lehman moment.” As the co-head of Cowan DeBaets Abrahams & Sheppard LLP’s Fine Art & NFT Practice Group, I have received a steady stream of questions from clients and friends asking whether fine art NFTs are finished since FTX’s demise. Read More
Washington Post
If you want a sense of how far crypto sentiment has fallen, look no further than Miami, which has aspired to be the capital of digital money.
Gone are the laser eyes from Mayor Francis Suarez’s Twitter profile; the FTX sponsorship deal for the Miami Heat’s basketball stadium; and the pie-in-the-sky dream of helping fund local government with altcoin proceeds instead of taxes (MiamiCoin, the token at the center of that harebrained fantasy, has plummeted about 99% from its peak.) The change in crypto’s fate from a year ago is as stark in Miami as it is anywhere after Bitcoin lost three-quarters of its value and one of the most iconic crypto exchanges in the world fell headlong into bankruptcy.
But for Miami, it was a bet worth placing. Read More
Analytical Data
Halving progress 64%. #Bitcoin
💰 Mt. Gox Bitcoin Awakened
Seven-year-old Bitcoin has been reawakened as a crypto wallet linked to the infamous Mt. Gox hack started moving currency. Around 10,000 BTC, worth an estimated $167 million, was moved to two unidentified recipients. 65 BTC were sent to HitBTC a few hours ago, so it doesn't seem to be a government auction or anything.
🥇 BTC is currently flowing out of exchanges at a rate of -172.7k BTC per month, eclipsing the previous peak set following the June 2022 sell-off.
Events
Crypto News Heard Around the State
Tampa News
Orlando News
Associated Press
Incoming U.S. Rep. Maxwell Frost has suddenly become one of the most prominent members of his generation. But like many other 25-year-olds, he’s still looking for a place to crash. Read More
Miami News
© Jason Koerner/Getty Images
It was the spring of 2021, and Miami’s hottest night clubs were inundated with phone calls from cryptocurrency entrepreneurs that no one had heard of. They wanted to reserve lots of tables — or rent an entire venue for a whole evening at a cost of half a million dollars or more. Read More
Jacksonville News
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