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Bitcoin hit a new record Thursday Feb. 11 , surging past $48,000, CNBC reported.T
stanley romania he price surge followed reports that Bank of New York Mellon is launching a digital asset plat
stanley uk form that will include custody services for bitcoin. The announcement reflects bitcoins move into the mainstream, as just three days ago, Tesla announced that it had bought $1.5 million in bitcoin.Bitcoin hit $48,297 around 8:30 a.m. Eastern time, CNBC noted. As of 6:58 p.m., it rested at $47,884.87.In other news, Miami Mayor Francis Suarez proposed a resolution that would allow municipal workers to be paid in bitcoin and would allow all residents to be able to pay property taxes and city fees with cryptocurrencies, Bloomberg reported.The report stated Suarez is also interested in studying whether the city could invest a limited amount of government funds in bitcoin, citing the draft resolution. However, Floridas current laws restrict how local governments can invest funds, and they generally only permit investments in low-volatility options.The proposal is part of a larger plan to put Miami on the map as a city that embraces new technologies, the resolution said, according to Bloomberg. The resolut
stanley nz ion also noted that Suarez is committed to promoting the emergence of Bitcoin as it continues to gain mainstream acceptance. Meanwhile, just 270 deposit addresses 鈥?particular locations on digital asset networks 鈥?received 55 percent of all illegal cryptocurrency transactions in 2020. They laundered $1.3 Axvv Banks/FinTech 鈥?The Long And Winding (Regulatory) Road
Karhoo, the startup that was aiming to take on Uber in the ridesharing app market, has shut down after burning through its capital.On the companys聽website, Karhoo said it had to close the service and is looking at the next steps for its business. Unfortunately, it became clear two weeks ago that the financial situation was getting pretty dire with Karhoo in urgent need of funding. Discussion with a potential new backer ended last night forcing the company to stop trading, the company said. We would like to thank our staff, our partners, the fleets around the world that shared our vision and the hundreds of thousands of people who downloaded the app and supported what we were trying to do. According to TechCrunch, Karhoo, which saw Founder Daniel Ishag step down as聽CEO a few days ago, hadnt said how much money it raised, but Financial Times聽pegged
stanley deutschland it at around
stanley cup $250 million last year. It had plans to raise $1 billion in total. Karhoo, which was live in London, was beginning trials in New York and was eyeing Singapore. In London, TechCrunch noted the company claimed to have a 200,000 car strong network, and in the New York trial, it had around 10,000 cars.The business model 鈥?getting a 10 p
stanley france ercent commission on rides 鈥?put it ahead of Uber, which charges 20鈥?5 percent, but the startup structure was based on having a ton of customers to have reasonable margins, which didnt happen, TechCrunch reported.Karhoo isnt the only one that is burning through money. In Q1 2016, Ube
