Blockchain.com says ‘Goodbye Big Apple, Hello Miami!’


Big apple, little apple. Miami, Miami Beach, Miami Vice, Miami Heat, Miami Dolphins, Miami on fire. If you’re basing your opinion on where in the city better Bitcoin mining should be located, are you talking to the same person you’re looking to find the best place to mine Bitcoin?

The largest bitcoin conference in the world, Bitcoin Miami, is coming up next week, and Blockchain.com is looking to bring Miami some exciting events. On June 25th, the first day of the conference, Blockchain.com will hold an event in Miami at the brand new Miami Beach Convention Center. One of the events will be a meetup with the best and brightest in the bitcoin community.

The Miami Bitcoin Center (MBC) has been in the news quite a bit lately, and for good reason. The center, which is located in the heart of the busy Miami business district, is a non-profit that aims to grow the local bitcoin community and educational resource for those seeking cryptocurrency education and support. MBC also promotes the growth of the Miami blockchain ecosystem through various events and educational programs, as well as the development of new blockchain-based solutions.

Leading cryptocurrency solutions provider Blockchain.com is moving its U.S. headquarters from New York to Miami as part of aggressive growth in the coming years. The $5 billion company plans to hire 300 new full-time employees in the region over the next 18 months. The news came a day before the world’s largest bitcoin conference, Bitcoin 2021, will be held in the city. Miami Mayor Francis Suarez made the announcement at City Hall with Blockchain.com CEO Peter Smith. He explained that this initiative would not only increase the number of local jobs, but would also invest in the local science, technology, engineering and math (STEM) community through educational programs. Suaraz said: The rise of Blockchain.com in Miami perfectly illustrates the essence of the Miami movement: pitting Miami talent against the world’s best companies to achieve our goal: a Miami that lasts forever and a Miami that works for everyone. Blockchain.com noted that a key factor in this decision was the city’s favorable regulatory environment, which serves as a hotbed for cryptocurrency innovation. The company’s headquarters will remain in London, but Miami will become its US headquarters.  Blockchain.com also has offices in San Francisco that will remain. Blockchain.com, with a valuation of $5 billion after receiving the money, could be the largest blockchain-related scalp Miami has claimed since Mayor Suarez began actively promoting cryptocurrencies. The company serves 32 million users in 200 countries. Last year, Suarez made it clear that he wanted to make Miami the center of the country’s cryptocurrency. Crypto finance company XBTO Group bought a new office in Miami in April. Scott Minerd of global investment firm Guggenheim Partners and Keith Rabua, Peter Thiel’s partner, have also bought properties there. Cryptocurrency exchange FTX has signed a 19-year deal to name the Miami Heat arena, and Borderless Capital announced on the 2nd. June a $25 million fund for cryptocurrency companies in Miami. Suarez has also met with the Winklevoss twins, Elon Musk, Twitter CEO Jack Dorsey and Google CEO Eric Schmidt, in an effort to convince them of the benefits of Miami. Suarez also showed personal conviction by publicly stating that he owns Bitcoin and Ethereum and plans to buy Dip. I own #bitcoin and #ethereum, says @FrancisSuarez. I haven’t bought the sauce yet, but I plan to. I’ve just been too busy. pic.twitter.com/xdKpghIRR5 – Squawk Box (@SquawkCNBC) June 3, 2021Well, well, well—look who it is: the big bad wolf. Big Apple has been such a haven for blockchain startups, and it turns out that New York has been losing its luster as a place to move your business. In fact, New York has so many startups that it has been dubbed the “Silicon Valley of the East” by the tech press. The city lives up to its nickname in many ways, but its biggest trump card is its sizable blockchain community.. Read more about miami crypto city and let us know what you think.

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