- July 28, 2021
- Posted by: Stratford Team
- Category: Business
Miami Mayor Francis Suarez on using cryptocurrency to expand the city’s economy and its potential impact on residents.
Bitcoin crossed the $40,000 plateu late Tuesday night, before a slight pullback.
Early Wednesday morning Bitcoin was up more than 6%.
The price was around $39,7500 per coin, while rivals Ethereum and Dogecoin were trading around $2,300 and 20 cents per coin, respectively, according to Coindesk.
Bitcoin’s mining difficulty may be set to increase for the first time since China’s crackdown on crypto mining in May, according to Coindesk.
MAYOR SUAREZ ON MIAMICOIN LAUNCH, SAYS CITY IS FOCUSED ON ‘DIFFERENTIATING OUR ECONOMY’
Being blamed are the rapid expansion of mining facilities in North America and the return of Chinese miners through overseas hosting sites.
Mining difficulty is a metric to describe how hard it is to mine a block and get rewards in bitcoin.
An increase in mining difficulty requires a miner to use more computing…
