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Miami Secures $4.8B Investment from Dubai Private Equity Group
Last Updated: 26 February 2021
Dubai-based private equity firm IBC Group wants to help Miami become a crypto-centric city with its recent investment.
The private investment firm has pledged a startling $4.8 billion to make Miami’s dream of becoming the go-to destination for companies in the crypto sector a reality. This will see them part with an equivalent value of 100,000 BTC, according to a press release.
IBC Group Wants To Fulfill Mayor Suarez’ Dream
Khurram Shroff, Chairman of Dubai-based IBC Group, said the investment would be used to set up the Miami 2.0 Blockchain Strategy Foundation and aid other related venture projects.
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Tucked away in a corner of the state of Coahuila, only a couple of hours from the United States border, lies a municipality with an open secret: two communities one of African descendants (called Mascogos in Mexico) and one of Kickapoo, both who fled the United States in the 19th century.
The twin communities are both called Nacimiento, referring to the birth of Jesus, but distinguished from each other not so subtly with the appendages
de los Negros and
de los Indios. Both communities belong to the municipality of Muzquiz, a coal mining and ranching area.
The two ethnicities share similar stories: both were displaced on multiple occasions in the 19th century as the United States expanded and consolidated its hold on territories west and into Florida. Both groups would find at least a measure of asylum in Mexican territory, generally in exchange for military services. Both groups have familial and tribal connections to the United States.
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Church and Convent of San Miguel Arcangel in Mani, a newly designated Magic Town in Yucatan State. Photo Credit: Meagan Drillinger
Mexico is strewn with multicolored, jewel-like cities from coast to coast and all down its mountainous, central spine. These cities and towns, known as Pueblos Magicos, or Magical Towns, are cultural treasures bestowed with this designation thanks to their commitment to heritage and tradition.
Mexico has more than 100 of these towns all over the country. You may know many of them, like Sayulita just north of Puerto Vallarta, Todos Santos near Los Cabos and Isla Mujeres just off the coast of Cancun. Some are lesser known, like San Cristobal de las Casas in Chiapas and Taxco in Guerrero. And still there are those that are likely completely off the radar, like Patzcuaro in Michoacan and Real de Catorce in San Luis Potosi.