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Web3 Venture Capital Spikes In FL | White House Targets Bitcoin Miners

Web3 Venture Capital Spikes In FL | White House Targets Bitcoin Miners

February 08, 2023

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Florida Has Spike In Web3 Venture Capital Investments

No state was able to take advantage of those trends more than Florida. The Sunshine State saw the biggest percentage increase of any state in venture capital investment between 2021 and last year.

In 2021, investors spent $7.8 billion on Florida-based startups over the course of 652 deals, according to Crunchbase. Last year, that venture number jumped 25% to $9.7 billion in 601 deals. In 2020, Florida startups only took in $3.4 billion in 470 deals.

White House Begins Setting Stage To Go After Bitcoin Miners For ESG

The Department of Energy (DOE) and the Environmental Protection Agency (EPA) have described “clear authority to require emissions and energy-use disclosures by cryptominers” according to a letter several Democratic Congress members sent to the agencies yesterday. It asks each agency to provide timelines for when they plan to start executing those powers and collecting information.

“We urge you to use those authorities to implement a mandatory disclosure regime as rapidly as possible,” says the letter, which was signed by Senators Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI), Ed Markey (D-MA), Jeff Merkley (D-OR), Dick Durbin (D-IL), and Representatives Jared Huffman (D-CA), Katie Porter (D-CA), and Rashida Tlaib (D-MI).

FBBA Featured Member

HeightZero Announces First State Approved Tokenization Real Estate Course - Florida Blockchain Business Association

Laura Pamatian, founder of Height Zero a expert advisory firm for blockchain and AI application in Real Estate and Development, has partnered with Joshua

https://www.fbba.io/heightzero-announces-first-state-approved-tokenization-real-estate-course/

In The Know

Binance to Suspend US Dollar Transfers Using Bank Accounts

(Bloomberg) -- Binance, the world’s largest cryptocurrency exchange, said it’s temporarily suspending deposits and withdrawals of US dollars using bank accounts, and will work to restart the service soon.Most Read from BloombergQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsTurkey’s South Hit by a Second High-Magnitude EarthquakeDell to Cut About 6,650 Jobs, Battered by Plunging PC SalesUS Moves to Recover Chinese Balloon While Weighing RetaliationChina Moves From Contrite to Confro

https://finance.yahoo.com/news/binance-plans-suspend-us-dollar-175216460.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACE-8QuJcmaMOLyKvs6IJPdojh4BubRQKjByHZTeXTyKmRLsZfmywSmKEv8_SGQKpS6UwLUKJBaFbFNEPdNda0pWhgGaien25a2Sjzm0M9Q_EMCxJidiInykgGa15wHtbANMv2eNPyH7FE1OHcROkZ4asZT4WnFLE0wHY1WTePuI

Dubai Mandates Licensing for Crypto Companies as It Sets Out Regulatory Requirements

A new set of rulebooks from the Virtual Assets Regulatory Authority lays out requirements for crypto firms covering everything from issuance and exchange services to advertising.

https://www.coindesk.com/policy/2023/02/07/dubai-mandates-licensing-for-crypto-companies-as-it-sets-out-regulatory-requirements/

Hut 8 and US Bitcoin announce merger of equals to create a preeminent digital asset mining, hosting, managed infrastructure operations, and high performance computing organization

Transaction is expected to dramatically enhance trajectory of the digital asset mining business: 5.6 EH/s installed self-mining capacity at five sites across...

https://www.prnewswire.com/news-releases/hut-8-and-us-bitcoin-announce-merger-of-equals-to-create-a-preeminent-digital-asset-mining-hosting-managed-infrastructure-operations-and-high-performance-computing-organization-301740489.html

Washington turns hostile on crypto

The White House is closing a door the industry fought hard to open.

https://www.axios.com/2023/02/06/crypto-washington-federal-reserve

Analytical Data

Bull market starts when 🥇 Bitcoin crosses RSI 50 on the monthly chart. Getting close...

United Kingdom plans to ban hoarding of its CBDC, effectively limiting people's ability to save in the digital pound when launched

United States' trade deficit climbed to a record $948.1 billion in 2022, up $103 billion from 2021.

U.S. Soon to exceed $1 trillion per year in interest payments on debt.

Events

Web3 Day At The Capitol May 2nd 2023

Click here for events & meetups in February 2023

Crypto News Heard Around the State

Tampa News

How much did Tom Brady lose in FTX?

Tom Brady lost a fortune when the popular cryptocurrency platform FTX crashed, as he and his then-wife, Gisele Bundchen, were major investors. It was reported that Tom Brady's holdings were around 1.

https://www.sportskeeda.com/nfl/how-much-tom-brady-lose-ftx

Orlando News

CEO: Constant evolution is key to Synapse's relevance

As 2023 Synapse Summit nears, CEO Brian Kornfeld says a large presence from Orlando and others at the Tampa event will be key to growth.

https://orlandotechnews.com/2023/01/synapse-summit-relevance-ceo-brian-kornfeld/

Miami News

Buy, rent, sell, manage: Miami’s proptech ecosystem may be as hot as our real estate market - Refresh Miami

Refresh Miami is the #1 provider of local technology news in Miami. Refresh has been supporting and growing the #MiamiTech ecosystem since 2006 with 15,000+

https://refreshmiami.com/buy-rent-sell-manage-miamis-proptech-ecosystem-may-be-as-hot-as-our-real-estate-market/

15 South Florida companies will present at the Florida Venture Capital Conference in Miami and they are .... - Refresh Miami

Refresh Miami is the #1 provider of local technology news in Miami. Refresh has been supporting and growing the #MiamiTech ecosystem since 2006 with 15,000+

https://refreshmiami.com/15-south-florida-companies-will-present-at-the-florida-venture-capital-conference-in-miami-and-they-are/

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