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Miami’s Crypto Craze on Full Display at Bitcoin Conference

South Florida is seeking to shed its underdog status when it comes to developing the blockchain technology.

A volcano is built at the center of the Bitcoin 2022 conference in Miami Beach, Fla., Tuesday, April 5, 2022, in Miami Beach, Fla. Miami is gathering thousands of cryptocurrency enthusiasts as it positions itself as one of the hubs of blockchain technology. Dozens of companies are using the Bitcoin 2022 conference as a platform to pitch ideas to investors or share announcements to the crypto world and beyond. (AP Photo/Marta Lavandier)

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By Associated Press

April 6, 2022 at 5:12 AM UTC

Updated on

April 9, 2022 at 12:34 PM UTC

Miami (AP) -- Thousands of cryptocurrency enthusiasts are gathering in Miami as the city builds its reputation as one of the key locations to develop the blockchain technology despite its underdog status.

Dozens of companies are using the Bitcoin 2022 conference running Wednesday through Saturday as a venue to network, pitch ideas and share announcements.