{"id":2553,"date":"2022-06-02T22:56:52","date_gmt":"2022-06-02T22:56:52","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/?p=2553"},"modified":"2022-06-02T22:56:52","modified_gmt":"2022-06-02T22:56:52","slug":"cities-crypto-crash","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/cities-crypto-crash\/","title":{"rendered":"Cities. Crypto. Crash."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">What is happening? Miami, New York, Austin and other cities have been incorporating digital currency into municipal operations. Then in May crypto losses totaled more than $1 trillion. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Why is this important? <a rel=\"noreferrer noopener\" href=\"https:\/\/www.citycoins.co\/miamicoin\" target=\"_blank\">MiamiCoin<\/a>\u00a0and\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.citycoins.co\/nyccoin\" target=\"_blank\">NewYorkCityCoin<\/a>\u00a0are at record-lows, however, the  cities have not suffered financial losses because the cities do not own or invest in the cryptocurrency and do not accept it as payment. Locals who invested in the crypto have experienced losses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How will this be important? Academics say that &#8220;mayors who encourage investment in their cybercoins are \u201cactively encouraging people to participate in a scheme.\u201d Supporters of crypto also say these losses bolster a need for regulation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.route-fifty.com\/finance\/2022\/05\/crypto-tk\/367189\/\">Route Fifty | Cities That Hyped Crypto Are Now Contending With the Crash<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is happening? Miami, New York, Austin and other cities have been incorporating digital currency into municipal operations. Then in May crypto losses totaled more than $1 trillion. Why is this important? MiamiCoin\u00a0and\u00a0NewYorkCityCoin\u00a0are at record-lows, however, the cities have not suffered financial losses because the cities do not own or invest in the cryptocurrency and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2553","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=2553"}],"version-history":[{"count":1,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2553\/revisions"}],"predecessor-version":[{"id":2554,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2553\/revisions\/2554"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=2553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=2553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=2553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}