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Anyone else want a bespoke crypto?

Miami commissioners voted last week to make the city the first local government in the country to have a <a href="https://preprod.statescoop.com/miami-has-a-new-source-of-income-miamicoin/">dedicated cryptocurrency wallet</a>, but others will follow, according to Patrick Stanley, the founder of CityCoins, the nonprofit behind the push to help fund local governments with cryptocurrency. While Miami Mayor Francis Suarez has been outspoken about his cryptocurrency interests — offering to pay municipal workers in bitcoin and courting energy-hogging miners to the city — Stanley said that “every startup city will have its own CityCoin within two years in the United States.” Ryan Johnston reports.

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North Dakota CISO trades in government for GIS

Kevin Ford, North Dakota’s CISO since December 2019, is leaving government to become the companywide CISO at Esri, the mapping technology company, state officials confirmed. "Kevin’s time with Team NDIT has been incredibly impactful in that he has helped to reframe the statewide problems of cyber security into a manageable program where all of our North Dakota Information Technology teams help to secure the data of over 252,000 users and every North Dakotan resident every day,” North Dakota CIO Shawn Riley wrote in an internal email obtained by StateScoop. Benjamin Freed has more.

U.S. cracks down on crypto exchange

The Treasury Department yesterday announced sanctions against Russsia-based cryptocurrency exchange Suex for facilitating transactions involving money illegally gained via ransomware hacking, the first action of its kind. The exchange has received over $160 million from ransomware actors and other cybercriminals, accounting for 40% of its total activity, according to cryptocurrency analysis firm Chainalysis. Federal officials did not say which ransomware gangs have used Suex in the past, CyberScoop's Tonya Riley reports. Read more.


WATCH: City of Memphis’ CIO discusses the cities’ data modernization strategies

Kimberly Bailey says the city conducted a capacity and redundancy workshop and analyzed every server in its possession to determine a strategic cloud migration plan. Mission resiliency and disaster recovery are key factors to how the city funds its modernization initiatives. Watch Bailey’s full interview here.

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