On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Miami Mayor: China’s Crypto Crackdown ‘Creates Incredible Opportunity for America’ in Bitcoin Mining
The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning point” that “creates an incredible opportunity for America.” He said: “Their loss is our gain and America can and will lead the future by providing a clean power home for bitcoin miners and all who are building on/with/for bitcoin.”
Miami Mayor Sees US Benefiting From China’s Crypto Crackdown
Miami Mayor Francis Suarez, who has been trying to build his city into a bitcoin hub, sees the crypto crackdown by the Chinese government as an opportunity for his city and the U.S. He told Bloomberg:
The turning point is now. It creates an incredible opportunity for America.
Suarez commented on China’s crackdown this week: “China banning bitcoin is a massive mistake with impacts that will be felt for generations. Their loss is our gain and America can and will lead the future by providing a clean power home for bitcoin miners and all who are building on/with/for bitcoin.”
The mayor of Miami is not the only politician who sees China’s crackdown on crypto as an opportunity for the U.S. “China’s authoritarian crackdown on crypto, including bitcoin, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage over China,” said Senator Pat Toomey. Congressman Patrick McHenry said, “China’s decision to restrict access presents a perfect opportunity for American leadership on cryptocurrency.”
Mayor Suarez said earlier this week that he has been actively trying to convince cryptocurrency miners that South Florida offers great opportunities for mining, including clean energy options, such as nuclear, solar, and hydroelectric.
He confirmed that he has spoken to the CEO of Florida Power & Light, Eric Silagy, about attracting crypto businesses to the area. He tweeted in May that the City of Miami “can mine bitcoin with clean nuclear energy provided by Florida Power & Light,” emphasizing:
We want to be the crypto mining capital of the world and know it can be done sustainably and incorporate solar.
Do you think that China’s crypto crackdown is an opportunity for the U.S. to lead in the area of crypto and crypto mining? Let us know in the comments section below.
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