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MiamiCoin, a cryptocurrency built for Miami, is down more than 90% since its launch in 2021, which has given rise to regulatory concerns, according to a Quartz report.
The post MiamiCoin raises regulatory concerns after value nosedives more than 90% appeared first on CryptoSlate.
“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg, who referred to the two previously hyped city coins.
Eric Adams, the current Mayor of New York (NY) city, spoke with CNBC this Thursday and took the opportunity to answer questions about Bitcoin (BTC). When asked about the recent crash of Bitcoin, the Mayor said that sometimes this is the best time to buy. Elected as 110th Mayor of New York City in November […]
The post New York City Mayor: Best Time To Buy Bitcoin Is When It Drops, Reaffirm His First Three Paychecks Will Be In BTC appeared first on The Crypto Basic.
New York City Mayor-elect Eric Adams is reportedly to kick off his ambition by launching his proposed token mining on Wednesday. (Read More)
New York Mayor-Elect Eric Adams recently won the mayoral race for the city. On November 3rd, Adams became the second black man to be elected as mayor in the city of New York. The win was momentous in itself but Adams’s comments and stance on cryptocurrencies, bitcoin, in particular, have been what has pushed him into the limelight in recent days. The mayor-elect had made the news days after his election when he said that he planned to receive his first three paychecks in bitcoin. This was in response to Miami’s Mayor Francis Suarez’s comment that he was going to receive a paycheck in bitcoin. Related Reading | New York Mayor-Elect Will Take Bitcoin For First Three Paychecks Adams has always been open with residents about his plans for the city when it comes to crypto. According to the mayor, he was working towards making New York the crypto hub of the nation, and now, the mayor-elect has revealed another approach to helping residents become more literate when it comes to cryptocurrencies. Teaching Cryptocurrencies In Schools Mayor-elect Adams was on CNN’s “State of the Union” to talk about his plans for the future. Adams is yet to be sworn into office and it’s likely that this will take place in 2022. However, this has not stopped the mayor from taking action on policy changes. The mayor told CNN that he was usually stopped by young people who asked him what bitcoin and blockchain technology was. Adams saw this as a problem bred out of a lack of education and put forward that it was time that schools started teaching about cryptocurrencies in schools. “That’s what we must do, open our schools to teach the technology and teach this new way of thinking.” Teaching cryptocurrencies in schools is not a novel idea. A number of high schools and colleges have added cryptocurrency classes into their curriculums to help educate the young generation about the space and the technology behind it. Although what the crypto-friendly mayor Adams is proposing is on a much wider scale. Basically that cryptocurrencies should be taught in all schools. Crypto market cap surges past $2.8 trillion | Source: Crypto Total Market Cap on TradingView.com Putting New York At The Forefront One of Adams’s goals for the city going forward is to make it a strong contender for Miami, which is currently one of the most crypto-friendly states in the nation. Mayor Suarez has successfully attracted a number of miners and blockchain businesses to the city through crypto-friendly laws and Mayor Adams wants to do the same. For Adams, cryptocurrencies are the future and New York needs to get on the train. Related Reading | The Fractal That Puts Bitcoin At $100,000 Before Year-End The Democrat also talked to CNN about the possibility of accepting bitcoin payments in the city. Although the mayor-elect did not definitively say that the city would begin implementing crypto payments, he explained that the option would be explored. “We are going to look at it, and we are going to tread carefully. We are going to get it right,” said Adams. Featured image from New York Post, chart from TradingView.com
New York City Mayor-elect Eric Adams, a major proponent of cryptocurrency in the US, made another statement in support of digital currencies saying that schools should teach about the technology. (Read More)
Several big city mayors announced this week that they are taking their salary in bitcoin. What’s up with that? BREAKING NEWS: #Tampa Mayor @JaneCastor just announced she's accepting @FrancisSuarez challenge of taking her pay in #Bitcoin with the help of @NukeGold @CelsiusNetwork at the #FL Bitcoin & Blockchain Summit.@APompliano @CoinDesk @Cointelegraph @LedgerInsights — Gabe ? […]
The post Mayors Of America Unite To Take Salary In Bitcoin appeared first on CryptosRus.
New York City Mayor-elect Eric Adams, a cryptocurrency proponent, made a landmark statement saying that he will take his first three paychecks in Bitcoin when he takes over City Hall in January. (Read More)
Now that Eric Adams, a former Police Captain, and Democratic party candidate has won the New York City Mayoral race, gaping his closest competitor Curtis Sliwa, is there hope to turn NYC into a crypto hub? (Read More)
Mayor Eric Adams, who took office in 2022, announced after his election victory that he would accept his first three paychecks in Bitcoin.
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