Crypto Exchange OKCoin Suspends Trading of Miami and NYC CityCoins
Crypto exchange Okcoin has suspended the trading of two Citycoins, MiamiCoin and NYCCoin, as of March 16, citing limited liquidity as the reason for the decision. Source
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CityCoins
What Is CityCoins and How Does it Work?
CityCoin mining rewards operate in a similar fashion to Bitcoin’s issuance schedule, where rewards are halved systematically every four years. During the first 10,000 blocks, winning miners receive 250,000 CityCoins per block. Rewards are then reduced to 100,000 coins per block for the next 200,000 Stacks blocks (approximately four years.)
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CityCoin’s Plan for NYCCoin Is Welcomed by Mayor-Elect Adams
The next mayor of New York City, Eric Adams, expressed his support for CityCoin’s NYCcoin program, tweeting a welcome to the city.Adams won the Nov. 2 election and is expected to take office on Jan. 1.“We’re glad to welcome you to the global home of Web 3! We’re counting on
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