Fun

City of Santa Monica launches Bitcoin Office, plans October festival

News Feed - 2024-08-10 05:08:01

Derek Andersen3 hours agoCity of Santa Monica launches Bitcoin Office, plans October festivalThe “Silicon Beach” wants to make sure Bitcoin has a place there, with help from a blue-collar-oriented nonprofit.1366 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onThe City of Santa Monica, California, has created a Bitcoin Office to provide education, identify economic opportunities and solidify the city’s position as a hub of Bitcoin innovation. The office is working closely with Proof of Workforce, a nonprofit organization focused on Bitcoin education for the workforce, unions and pension funds.


The new city office was created by unanimous vote of the Santa Monica city council on July 11. The office’s webpage appeared on the city’s website on the evening of Aug. 8. Although the office’s webpage does not suggest any concrete measures, the city will host a Bitcoin festival in October.An educational and promotional effort


The Santa Monica Bitcoin Office is “an education-based community initiative coordinated by the Proof of Workforce Foundation (Not Financial Advice),” according to its X profile. The office’s webpage contains a lengthy disclaimer warning readers of the risks of cryptocurrency investment. It specified:“In addition to providing education, the Bitcoin Office"s mission is also focused on identifying and facilitating Bitcoin industry partnerships that actively support Santa Monica"s economic recovery and cultivate new employment opportunities.”


The Proof of Workforce Foundation was founded by Santa Monica firefighter and former firefighters’ union president Dominick Bei in 2023. The organization, which has 501 (c)(4) nonprofit tax status, “aims to empower unions, workers, and organizations to discover ways in which Bitcoin can enhance their mission and well-being.”


It is not required to disclose its donors. The nonprofit is not charging the city for its coordination efforts.


Related: Blockchain gets down and dirty fighting fraud at California’s DMVA Bitcoin festival is revived


The city is promoting the Bitcoin Peer to Pier Festival, which seems to be related to an event that was intended to be sponsored by Swan Bitcoin. On Aug. 5, Swan announced that it was canceling its Pacific Bitcoin Festival to be held in Santa Monica, on the heels of a staff reduction.Source: Santa Monica Bitcoin Office


The two-day event planned by Swan would be replaced by a more modest event on Oct. 17, the company said. The event being promoted by the city is scheduled for Oct. 18.


Magazine: Criminal at Bitcoin 2024, BTC Strategic Reserve Bill, and more: Hodler’s Digest, July 28 – Aug. 3# Bitcoin# California# ConferenceAdd reaction

News Feed

Crypto Derivative Traders Can Access TradingView With Broker Eightcap
Crypto Derivative Traders Can Access TradingView With Broker Eightcap sponsored Australian FX and CFD provider Eightcap has recently announced that it has partnered with TradingView
Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says
Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and
What is triangular arbitrage in crypto and how to use it?
Dilip Kumar Patairya10 hours agoWhat is triangular arbitrage in crypto and how to use it?A triangular arbitrageur spots market irregularities and carries out concurrent trades across three asset pairs while skillfully co
Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets
Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets Russian investigators are pressing the parliament and government in Moscow for permissio
Tristan Greene4 hours agoResearchers claim Bitcoin experiment generated almost 300% higher returns than hodlingThe researchers tested the “efficient market hypothesis” against Bitcoin and, according to the study, wer
Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols
Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrau
The Opendao Gives Xmas Airdrop to Opensea Users
The Opendao Gives Xmas Airdrop to Opensea Users New decentralized organization Opendao gave users of Opensea, one of the biggest NFT marketplaces by trading volume, a gift on Chris
Dogecoin Price At $5: Analyzing Previous Trends And Why A 1,500% Rally Is Possible
Este artículo también está disponible en español. The cryptocurrency market has been running through a period of consolidation over the past seven days, with notable corr
NEXT.Chain, the Next DeFi Powerhouse to Host Its Liquidity Sale Event From the 24th of February
NEXT.Chain, the Next DeFi Powerhouse to Host Its Liquidity Sale Event From the 24th of February press release PRESS RELEASE. While Ethereum has given way to a bra
FTSE 100 Company, Entain, Deploys Syntropy to Improve Global Network Performance
FTSE 100 Company, Entain, Deploys Syntropy to Improve Global Network Performance press release PRESS RELEASE.PALO ALTO – April 7th, 2022— Syntropy, a transformative We
Wharton Professor Urges the Fed to ‘Bite the Bullet’ and Defend the US Dollar — Warns About Bitcoin Taking Over
Wharton Professor Urges the Fed to "Bite the Bullet" and Defend the US Dollar — Warns About Bitcoin Taking Over A finance professor at the Wharton School of the University of Pen