Money for nothing: US cities’ crypto push draws fans, critics

Suarez hosting a talk with local artists at the Bakehouse Art Complex, on the emergence of non-fungible tokens (NFTs) in the art world, in Miami, Florida. A small but well-publicised group of cryptocurrency enthusiasts called City Coins, is asking Miami and New York to accept the equivalent of millions of dollars in a new cryptocurrency scheme that has political leaders in other cities clamoring to get in on the deal. — AP

NEW YORK: A small group of cryptocurrency enthusiasts has an offer that they’re hoping US cities can’t refuse.

The group City Coins is asking Miami and New York to accept the equivalent of millions of dollars in a new cryptocurrency, and at least some of the money is real: Last week, Miami Mayor Francis Suarez announced that City Coins had transferred US$5.25mil (RM21.97mil) to the city.