Cryptocurrency

Blockchain.com says ‘Bye-bye Big Apple, Hello Miami!’

As New York and many other cities around the U.S. struggle with crime, it’s no surprise that people are looking to get out of the Big Apple. In just five years, New York has grown to become the nation’s third-largest city. If crime continues to rise, that will continue to shrink New York City’s population, and that could have a devastating effect on the state’s economy. And if it’s not the same economic issues that worry residents, it’s the fact that other cities have figured out the ‘conventional’ way of doing things.

RealCointickers, a cryptocurrency blog, is out with a major story this morning about the future of the NYC real estate market. The article is titled “Blockchain.com Says ‘Bye-bye Big Apple, Hello Miami!’”

With the Blockchain.com ICO underway, the New York City-based blockchain startup announced last week it is moving its headquarters from Manhattan to Miami, Florida. The city, already a hotspot for blockchain startups, has become even more popular among blockchain startups for its more business-friendly regulations, cheaper real estate, lower taxes, and better weather.. Read more about crypto convention miami 2021 and let us know what you think.

  • Blockchain.com will relocate its headquarters in the United States from New York to Miami.
  • Over the following 18 months, the company plans to recruit 300 more workers.

Blockchain.com, the premier supplier of crypto solutions, is relocating its US headquarters from New York to Miami in order to accelerate its development over the next several years.

In the next 18 months, the $5 billion business intends to hire 300 additional full-time employees in the area. The announcement came only one day before the city held Bitcoin 2021, the world’s biggest Bitcoin conference.

Mayor Francis Suárez and Peter Smith, CEO of Blockchain.com, made the news at City Hall. He said that the relocation was not only for the purpose of increasing local employment. But, he said, it will also be an educational investment in the local science, technology, engineering, and math (STEM) community. 

According to Suaraz,

“The entrance of Blockchain.com in Miami perfectly embodies what the Miami Movement is all about: utilizing Miami’s talent against the world’s best businesses in order to develop towards our objective of creating a Miami that lasts forever and works for everyone.”

One of the major motivations of this effort, according to Blockchain.com, is “the city’s friendly regulatory climate acting as a hub of crypto innovation.” The worldwide headquarters of the business will remain in London. The Miami headquarters, on the other hand, will be in the United States. The San Francisco offices of Blockchain.com will stay open.

Blockchain.com, with a post-currency value of $5 billion, is probably Miami’s largest blockchain-related scalp since Mayor Suarez started his aggressive crypto drive. In over 200 countries, the business serves 32 million customers.

Suarez said last year that he wants Miami to become the nation’s crypto center. In April, the crypto financing firm XBTO Group purchased a new office in Miami. Property was also purchased by Guggenheim Partners’ Scott Minerd and Peter Thiel’s colleague Keith Rabois. Borderless Capital has signed a 19-year naming rights deal with FTX Crypto Exchange for the Miami Heat arena. It announced the creation of a $25 million fund for a Miami-based crypto business on June 2.

Elon Musk of the Winklevoss twins, Twitter CEO Jack Dorsey, and Google CEO Eric Schmidt have all met with Suarez. To persuade them of the advantages of Miami.

Suarez has also said publicly that he owns Bitcoin and Ethereum and is thinking about “buying the drop,” showing his own views.

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Miami has been a city known for its eye-catching architecture, fashionable residents, and juicy climate. However, when it comes to the technology industry, the city is more known for its bright lights, hot temperatures, and traffic jams. Ethereum co-founder Joseph Lubin believes he found the perfect home for his crypto-hub with Blockchains? new Miami Beach location, which will be the company’s second international HQ. The home for Blockchain.com will be in Miami Beach, Florida, a city known for its stunning architecture, fashionable residents, and juicy climate. But, when it comes to the technology industry, the city is more known for its bright lights, hot temperatures, and traffic jams. “With the city of Miami Beach, we have. Read more about miami mayor crypto and let us know what you think.