- The Metropolis of Santa Monica just lately created a Bitcoin Workplace web page on its official web site.
- This web page, in partnership with Proof of Workforce, goals to teach the general public about Bitcoin.
- The California metropolis plans to host a “Bitcoin Peer-to-Peer” competition in October 2024.
The Santa Monica Metropolis Council unanimously accepted the opening of an official “Bitcoin Workplace” to extend the town’s curiosity in exploring bitcoin’s potential as an funding and as a software for financial restoration and innovation within the tech-centric Silicon Seashore neighborhood. This builds on an earlier effort final 12 months when Santa Monica firefighters grew to become the primary union to buy and maintain bitcoin.
The Metropolis of Santa Monica has partnered with the Proof of Workforce Basis, a nonprofit targeted on Bitcoin schooling, to assist everybody from people to giant establishments perceive the ins and outs of Bitcoin and the way it suits into immediately's economic system. Santa Monica goals to be the place of alternative for anybody eager to get entangled with Bitcoin, whether or not that's buying and selling, investing, or constructing the following massive factor.
The Bitcoin Workplace web page was posted on the Santa Monica Metropolis web site on August 8. Residents unanimously supported the proposal on July 11. Nonetheless, the official web page doesn’t embody particulars about this system's steps or follow-up procedures.
The Santa Monica Bitcoin Workplace additionally introduced that it’ll maintain a “Bitcoin Peer to Peer” competition on Oct. 18, 2024, although the date could also be topic to vary sooner or later.
Swan Bitcoin additionally introduced that it could cancel its Pacific Bitcoin Pageant, initially scheduled for October, with a purpose to deal with its core enterprise. Whereas the 2 occasions look like comparable at first look, the platform might have been planning a extra low-key program for a similar month.
Amid these developments, Bitcoin has not recorded any important beneficial properties. At the moment buying and selling at $60,425, Bitcoin has skilled a slight decline of 0.87% prior to now 24 hours and 1.78% prior to now seven days. Nonetheless, prior to now 30 days, the cryptocurrency has recorded a notable improve of two.50%.
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