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Miami not ditching its crypto despite record-low price, Mayor says

MiamiCoin remains in its 'initial inning': Mayor Suarez

Miami Mayor Francis Suarez talks about the city's cryptocurrency cutting-edge as well as profits success regardless of its record-low stock price.

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MAYOR FRANCIS SUAREZ: It's been a success from the viewpoint of what it's done for the city, right? It's created $20 million in revenue for the city because a percent of the mining benefit is separated right into a digital wallet for the city; that's $5 million that we have actually made use of for rent stabilization funds, we're seeing as a result of rising cost of living, rental fees increasing across the country. And also the other $15 million, we're doing something extremely innovative …

Certainly the price is down significantly. I've never ever stressed over the price, neither bitcoin nor MiamiCoin. I assume what Mark Cuban claimed is in fact extremely exact. This remains in the very first inning, all of these innovations. And also what's truly important is, firstly, the liquidity rate, being able to get in and also out of it due to the fact that the utility is basically what is going to be important as to whether or not any one of these technologies make it through in the future. Are they extremely useful? Do they offer individuals the ability to trade these currencies for goods in a selection of different nations? Do they allow for compensations? Do they separate tyrannical programs since they do not manage the currency? I mean, there's a lot of great usage situations. And it continues to be to be seen whether they will certainly all be utilized.

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Crypto bloodbath starting to find footing: Market expert

Blue Line Resources Head of state Expense Baruch provides insight right into the stock exchange as well as cryptocurrency. #FOXBusiness

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Expert explains why crypto regulation could be a good thing

Overline chief executive officer Patrick McConlogue says that cryptocurrency policy will supply the market with quality and also structure. #FOXBusiness

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Dagen McDowell: This has been an unprecedented ‘juicing’ of assets

Financiers change their emphasis to the first Fed conference of 2022. FOX Organization' Dagen McDowell and Patrice Lee Onwuka of the Independent Female's Online forum Center for Economic Possibility with more.

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DAGEN MCDOWELL: "Rising cost of living has shot up to a close to 40-year high. This belongs to their duel-mandate– price security as well as low unemployment … full work … One of their mandates isn't to prop up speculators and also prop up asset bubbles galore that the Federal Book and other central banks created. This has been an extraordinary never seen prior to juicing of assets."

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Keep your crypto ‘safely stored’ on new elite card called ‘Arculus’

CompoSecure president and also CEO Jon Wilk says there's a demand for enhanced security with cryptocurrency financial investments as well as storage space. #FOXBusiness

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Crypto millionaires are flocking to Puerto Rico

Former Puerto Rico Gov. Luis Fortuno declares rich financiers bring resources and task chances to Puerto Ricans. #FOXBusiness

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Why bitcoin could hit $200K price point next year

Bitcoin Structure chairman Brock Pierce states bitcoin's supply cost depends on outside market variables. #FOXBusiness

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Federal crypto regulation would force jobs outside US: Market expert

Morgan Creek Resources Monitoring Chief Executive Officer Mark Yusko responds to the Senate obstructing cryptocurrency policy within the framework bundle. #FoxBusiness

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Tether execs reportedly facing criminal investigation into bank fraud

Execs at cryptocurrency gigantic Tether are reportedly under a federal criminal examination. FOX Company' Susan Li with more.

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Jordan Belfort calls out Elon Musk over ‘pump’ and ‘dump’ comments

Jordan Belfort, the previous stockbroker and topic of the 2013 hit 'Wolf of Wall Road,' considers in on Tesla CEO's Bitcoin comment where he claimed, 'I could pump, but I do not dispose.'

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