A small number of unelected individuals in Washington D.C. are exercising alarming authoritarian power as regulators, counter to the Big Apple’s stated desire to move from antiquated financial systems to digital ones, writes Omer Ozden.
New York City: A Crypto Sandbox in a Big Business Playground
The Big Apple is big everything. The world’s financial center, it also has a huge population not only of talented developers to hire, but consumers to sell to. In such a huge and bustling ecosystem, crypto may not rate as the city’s highest priority. But like it or not, the No. 12 spot in CoinDesk’s Crypto Hubs 2023 is a place crypto companies must be.
NYC Mayor stands by Bitcoin pledge amid bear market, FTX: Report
During Eric Adams’ time in office, the NY state government passed a law which will implement a two-year moratorium on proof-of-work mining, and the crypto market turned bearish.
Miami and New York City coins tank despite Mayoral endorsements
“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.
NYC Mayor Adams to receive first paycheck in cryptocurrency Friday
Mayor Eric Adams previously said he would be accepting his first three paychecks, or $97,000 annualized, in cryptocurrency.
NYC mayor getting paid in Bitcoin suggests buying the dip
Should Eric Adams accept his first three paychecks in Bitcoin, he would likely acquire more than 1 BTC following the price drop to $42,948.
New York coin launching this week with Mayor-elect Eric Adams’ blessing
“We’re glad to welcome you to the global home of Web3!” said crypto-friendly Mayor-elect Eric Adams in response to CityCoins’ roll out of the NYCCoin this week.
Incoming NY mayor wants crypto taught in schools
Incoming New York Mayor Eric Adams believes schools should be preparing students to navigate the world of cryptocurrency and digital assets.
NYC and Miami mayors duke it out on Twitter over who is the bigger crypto advocate
“I look forward to the friendly competition in making our respective cities a crypto capital,” said recently re-elected Miami Mayor Francis Suarez.