currency

DREAMSTIME / TNS

Cryptocurrencies like Bitcoin continue to explode in popularity, with social media giants like Facebook and Twitter now expressing interest in getting involved in crypto platforms. Over the past year, Bitcoin has already gained 200% in value. The currency was valued at 3 cents on the dollar back in 2010 when it first entered the market and now it’s around 10,000.

A poor showing for Argentina's President Mauricio Macri and a surge for his leftist opponent sparked fears of a possible default on the country's IMF loans, sending the peso to its lowest level in nearly two decades and causing a massive sell-off in the country's stock market.

Although Macri, who belongs to the center-right Republican Proposal party, was not expected to do well in Monday's primary, populist Alberto Fernández and his running mate, ex-president Christina Kirchner, scored 15 points higher in their primary for Citizen's Unity.

Remember the planned redesign of the $20 bill that was going to include the first African American woman to appear on U.S. currency?

Well, don't expect to see Harriet Tubman on your $20 any time soon.

Seminole County is the first US government agency to accept cryptocurrency as payment for county services. And according to a coinmap.org study, Tampa and Miami are ranked in the top 10 bitcoin-friendly cities in the world. With cryptocurrency usage growing,  Florida’s Chief Financial Officer plans to regulate the industry.

venezuelaanalysis.com

What do you do when your country’s foreign reserves are dropping at a rate that would make avid bungee jumpers nauseous? If you’re left-wing Venezuelan President Nicolás Maduro, you take strong, decisive macroeconomic action.

You withhold dollars from Mickey Mouse.

Yessir, you discourage your countrymen from traveling to Florida, by further restricting the amount of dollars they can spend there with their bank credit cards – from $2,500 to $700.

Tom Hudson

Bitcoin may not sound revolutionary but to its supporters and users the digital global currency could be the future of payment. To regulators, it's a curiosity they're viewing with concern.  And for a growing number of individuals and companies in South Florida, it's an opportunity to experiment.  

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North American Bitcoin Conference Comes To Miami

Jan 27, 2014
Hillary Lindwall/WLRN

Bitcoin users from around the world attended this year's North American Bitcoin Conference this past weekend at the Miami Beach Convention Center.

Moe Levin, who organized the conference, says attendance exceeded his expectations.

"I was expecting 800 people and now there are 1,200," Levin said. "It [was] a hugely successful Bitcoin conference."

Conference goers attended workshops held by Bitcoin-accepting and facilitating merchant vendors, like bitpay and 3DCart.  

Digital Currency Conference Hits Miami Beach

Jan 27, 2014
Hillary Lindwall/WLRN

Hundreds of Bitcoin users flocked to Miami Beach this weekend for the North American Bitcoin Conference

Bitcoin is a form of digital currency that Florida Atlantic University finance professor Charles Evans says will change the way international business is conducted.