Connect with us


Miami’s Crypto Bet May Fail, But It Was Worth the Gamble

If you want a sense of how far crypto sentiment has fallen, look no further than Miami, which has aspired to be the capital of digital money. Gone are the laser eyes from Mayor Francis Suarez’s Twitter profile; the FTX sponsorship deal for the Miami Heat’s basketball stadium; and the pre of helping fund local government with altcoin proceeds instead of taxes (MiamiCoin, the token at the center of that harebrained fantasy, has plummeted about 99% from its peak.) The change in crypto’s fate from a year ago is as stark in Miami as it is anywhere after Bitcoin lost three-quarters of its value and one of the most iconic crypto exchanges in the world fell headlong into bankruptcy.

But for Miami, it was a bet worth placing. Think of South Florida’s economic development model as resembling a venture capital portfolio. The VC model calls for making a lot of small bets with the understanding that many will fail, but a few winners will bring such exponential growth and extraordinary returns that that they will pay for the losers in spades. For years, the hype men and women in power have taken just such a strategy in the Magic City. Let’s turn the region into Wall Street South! Why not make it into a tropical version of Silicon Valley? How about the capital of crypto?  Individually, these ideas all started as long shots, but they had asymmetric upside-to-downside profiles; regional economies and governments never had much to lose in South Florida except perhaps the small hit to county revenue for the time it takes to find a new basketball stadium sponsor.

But Miami is also scoring some enduring victories from this strategy, which are helping it diversify its local job market beyond cyclical real estate and relatively low-paying leisure and hospitality. The Wall Street South gambit, for instance, has paid off in recent years with the arrival of billionaire Ken Griffin’s firms Citadel and Citadel Securities. Blackstone Group Inc. has added hundreds of jobs in the Miami area, while Elliott Management Corp. recently moved to nearby West Palm Beach, developments that are not only big in their own right but will encourage other large firms to do the same.

Certainly, the Miami hype machine has occasionally gotten carried away. Suarez, who has taken regional boosterism to a whole new level, acted recklessly in his decision to associate himself with the highly speculative MiamiCoin, a project based on a blockchain protocol called Stacks. The gimmick — or “innovation” — was that the city would get 30% of the proceeds from bids on blocks of MiamiCoin, not unlike a lottery ticket that partially subsidizes state government.

The City of Miami didn’t create MiamiCoin — it was dreamed up by an organization called CityCoins — but Suarez gave it plenty of airtime, including on his YouTube show “Cafecito Talk,” and encouraged the city to accept the money. MiamiCoin bidders might have thought they were participating in a win-win for themselves and the city, but instead they’ve lost 99 cents on the dollar, and the city basically ended up with some extra pocket change. Suarez’s relentless shilling for Bitcoin looks only slightly better after its 77% drawdown; you wouldn’t expect a government official to use his position of influence to push specific stocks or bonds on voters, and crypto always felt equally inappropriate.

But it’s not as if the crypto winter has turned Miami into some sort of wasteland. Citadel’s Griffin just held an event with Suarez to trumpet his big plans for the region, and the Brickell financial district is bustling as cold weather descends on the rest of the country. Soon, South Florida will bring in huge and well-heeled crowds for Art Basel Miami Beach in December, followed early next year by the Miami International Boat Show and the Food Network South Beach Wine and Food Festival. These flashy events don’t tell the whole story of the area’s economy, but neither will the inevitable images in newspapers in the coming months of empty co-working spaces abandoned by some of the crypto faithful. It’s important to consider the whole picture.

Continue Reading


Nine Restaurant Franchise Goes Global with $120 Million Crypto Crowdfunding Joint Venture, Led by Adnan Ashraf

Adnan Ashraf, a multifaceted entrepreneur with interests spanning pharmaceuticals, technology, and real estate, is embarking on an exciting new venture to expand the renowned Nine restaurant brand into a global franchise. With its reputation for upscale Japanese cuisine and stunning panoramic views, Nine has captured the attention of discerning diners worldwide, and Mr. Ashraf aims to bring this exceptional dining experience to numerous locations across the globe.

To realize his ambitious expansion plans, Mr. Ashraf has engaged in discussions with a pioneering crypto crowdfunding platform, forging a strategic partnership for a joint venture involving 100 stores with an estimated investment of $120 million. Harnessing the power of cryptocurrency, Mr. Ashraf intends to expedite the growth of the Nine franchise and achieve his objectives more efficiently.

The first milestone in this expansion journey involves acquiring a prime waterfront location in Canary Wharf, a prestigious business district in London. Serving as the flagship Nine restaurant, this iconic setting will exemplify the brand’s exquisite cuisine and offer guests unparalleled views. Mr. Ashraf’s vision extends beyond this initial location, as he plans to continue expanding into other prime spots in London and beyond, introducing the Nine dining experience to cosmopolitan cities worldwide.

By partnering with a cryptocurrency crowdfunding platform, Mr. Ashraf aims to tap into the immense potential of this innovative funding mechanism. Cryptocurrency not only streamlines the investment process but also attracts a global community of investors passionate about supporting groundbreaking ventures in the hospitality industry. This collaboration is expected to fuel the rapid expansion of the Nine franchise, ensuring that more diners can savor its exceptional culinary offerings and immerse themselves in the extraordinary ambiance that defines the brand.

Drawing on his extensive entrepreneurial experience, Adnan Ashraf brings a wealth of expertise to this venture. His track record of success across various sectors attests to his ability to navigate complex business landscapes and identify unique opportunities for growth. With his diverse business interests and unwavering commitment to excellence, Mr. Ashraf is poised to spearhead the global expansion of the Nine restaurant brand, establishing a network of exceptional dining establishments worldwide.

Continue Reading


Alliance Rental: Alexey Ivanov Latest Venture in Luxury Transport by Alliance Trucks

Alliance Trucks, the leading Japanese and Korean car dealer in Russia, is proud to announce the launch of its new luxury transport rental aggregator, Alliance Rental. The project is the brainchild of Alexey Ivanov, the CEO and owner of Alliance Trucks, a successful businessman, traveler, and blogger. With over 59 countries visited, Alexey Ivanov has gained valuable experience in the automotive industry, which he has leveraged to create Alliance Trucks, a company that generates a trade revenue of $50 million annually.

Founded in 2014, Alliance Trucks has become the biggest Japanese and Korean car dealer in Russia, with four authorized and certified workshops, warehouses in the capital, and numerous certificates of first dealer with top-rated sales and service quality. The company’s mechanic team has won different national and international competitions of professional skills, including the ISUZU GRAN PRIX, where they were the first Russian and second in the world.

Alexey Ivanov’s awareness and commitment to 10 corporate rules have enabled Alliance Trucks to achieve its current status as a respected and reputable brand in the automotive industry. The rules include prioritizing emotional intelligence, respecting corporate culture and business ethics, seeking opportunities for growth in every crisis, and being socially active and engaged in charitable projects.

Alliance Parts, Alexey Ivanov’s latest venture, is a cars and spare parts distribution business in the United Arab Emirates with a global partnership with different car brands. The company leverages Alexey’s life and professional experience to scale similar projects in different market areas.

Alliance Rental is Alexey Ivanov’s latest project, an aggregator that offers a one-stop-shop for luxury transport rentals. The project’s main idea is to provide all the luxury transport rentals that customers may need for emotional holidays, celebrations, dream realization, business meetings, or just for premium lifestyle in one mobile application.

The application, marketing brand, and all business processes are complete, and legal compliance with local laws, rules, and regulations is under process.

Alliance Rental offers taxi Rolls-Royce, luxury sport cars, yachts, helicopters, and aircraft rentals. Partnerships with operators of luxury services are currently being signed, and the project is ready to launch soon.

Alexey Ivanov’s mission is to make the world a better and cleaner place, live a long, bright, and memorable life, create a family, raise children, create and invent something that deeply touches the feelings of people, be a mentor, teach knowledge, and leave a significant mark in history, society, and culture.

For more information on Alliance Rental and Alexey Ivanov, follow him on Instagram at @a.a.ivanov

Continue Reading


Januthan Logathas: A video and photography professional who seeks to leave his name among the best in this area

JANUTHAN LOGATHAS was born in a small town in Switzerland and is the son of a Tamil couple from Sri Lanka. His father was the one who began to inspire him to become a video and photography professional, which is why he is currently widely recognized as well as having followed in the footsteps of his father who also worked in this profession. With time people started noticing his Instagram modeling shoots and he became very prominent among European Tamils.

His tik tok videos also boosted his image and recognition a lot as they were filled with a subtle humor that was very pleasing to his followers who were part of Januthan reaching a much larger audience.

People celebrated the German/Albanian co-worker combo in a peculiar way.

In addition, he was also the first Tamil photographer to win the renowned award for the best wedding photography from Radisson in Europe, he gained great popularity especially with the collaboration with Usha Jay in her dance video which achieved many views and this made his audience grow exponentially.

He knows that in order to continue growing in what he does, he must continue working very hard as he has done up to now, and all this with the aim of increasing his public and the quality of his work, and for this it is necessary to continue going through this long learning process in the one that advances a little more every day to reach the desired objective that is to position its name among one of the best in the video and photography industry. In his social networks you can find a lot of material about his work in addition to him also seeing content about his future works which are more than promising

To grow in this industry, you must continue to constantly learn, since this industry is very competitive and only those who know how to implement their ideas and creativity very well when creating new jobs stand out.

Unveiling Life Through the Lens: Explore the captivating world of talented photographer @jpresidento on Instagram and TikTok, as he captures unique moments that have earned him accolades at the Wedisson Awards. Discover his visually mesmerizing art at these links!

Continue Reading


slot777 slot thailand slot777 slot gacor hari ini slot gacor maxwin slot deposit pulsa slot deposit pulsa tri