Tag: NYC

NYC Mayor Eric Adams speaks out against PoW mining ban legislation

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New York City’s Mayor Eric Adams spoke out on Monday, June 13, against a bill just one step away from effectively banning Bitcoin mining in the state for the next two years. The bill is designed to place a two-year moratorium on Proof of Work (PoW) crypto miners who do not use 100% renewable energy. At the same time, New York state’s environmental agency is investigating the effects of mining on the environment. The bill passed on June 3 in the State Assembly and now awaits Governor Kathy Hochul’s signature…

Major Exchange LBank Wishes Lunar New Year via NASDAQ Billboard on Times Square NYC – Press release Bitcoin News

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press release PRESS RELEASE. On 1st Feburary, 2022, LBank Exchange promoted the wishes to the world through Times Square NYC – NASDAQ Billboard, for the celebration of the Chinese lunar New Year. Times Square New York is a major commercial intersection, and NASDAQ MarketSite is the marketing presence of the NASDAQ stock market, where the most prestigious companies compete for a spot in front of the eyes of the public. As per the data from Outfront Media, outdoor marketing covers almost 99% of the population in New York. With the…

A metaphor? NYC ‘solid gold cube’ crypto promo turns out to be hollow

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The “solid gold cube” crypto promo that surfaced in New York this week has turned out to be hollow on the inside, with onlookers online lampooning the stunt as an appropriate critique of the extravagant promises of crypto and blockchain tech. On Feb. 2, Artnet reported that a 24-carat 410 pound gold cube worth $11.7 million had been placed in Central Park surrounded by a “heavy security detail” as part of a promo for German artist Niclas Castello’s crypto project dubbed Castello Coin (CAST). New in NYC: A cube made…

NYC Mayor Eric Adams Defends Receiving Paycheck in Bitcoin as Price Crashes – Featured Bitcoin News

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The mayor of New York City, Eric Adams, converted his first paycheck into bitcoin and ether before the price of the cryptocurrencies plummeted. However, the mayor said, “When you are a long-term investor, you don’t keep your eyes on your portfolio.” He added that the purpose of receiving a paycheck in bitcoin is to send a message that New York City is open to technology. NYC Mayor Converted Paycheck Into Bitcoin and Ether Before Prices Tanked New York City Mayor Eric Adams answered some questions in an interview with CNN…

No regrets for NYC mayor receiving his first Bitcoin paycheck during dip

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Bitcoin (BTC) is a New York state of mind thing for Eric Adams, the crypto advocate serving as the 110th Mayor of New York City. He received his first Bitcoin payout on Friday during some epic downward price action, and was unflappable when asked about losses during an interview.  The Bitcoin price has taken a nosedive from Friday highs of $41,000 to $35,000, meaning Adams has effectively taken a 15% haircut on his first wages. In light of the plummeting price action, a CNN interviewer asked on Jan. 23, “How…

NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase – Bitcoin News

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The mayor of New York City, Eric Adams, has received his first paycheck in bitcoin and ether via Coinbase. “Promise made, promise kept,” the mayor said, referring to his promise to take his first three paychecks in cryptocurrency. Mayor of New York City Takes Paycheck in Cryptocurrency With the Help of Coinbase New York City Mayor Eric Adams has made good on his promise about getting paid in bitcoin. In a video he posted on Twitter Thursday, the mayor said: Promise made, promise kept. Took my first check in bitcoin…

NYC Mayor Adams to receive first paycheck in cryptocurrency Friday

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On Thursday, New York City Mayor Eric Adams announced he would be taking his first paycheck in Bitcoin (BTC) and Ether (ETH), with the funds arriving Friday. The salary will not be directly paid out as crypto; instead, it will be first issued in fiat as U.S. dollars and then converted into the digital currencies on crypCoinbase. Due to United States Department of Labor and various state-level regulations, resident U.S. employees typically cannot receive their remuneration directly in cryptocurrency. This is partly because the Internal Revenue Service classifies dollar wage payments…

NYC restaurant claims it will open for NFT holders only

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VCR Group, the hospitality company founded by entrepreneur Gary Vaynerchuk, announced the live token sale of its latest members-only private dining club in New York City, called Flyfish Club. Prospective seafood-restaurant-goers must purchase their membership on the blockchain, sold as a nonfungible token (NFT). Flyfish Club (FFC) is the world’s first member’s only private dining club where membership is purchased on the blockchain as a Non-Fungible-Token (NFT) and owned by the token-holder to gain access to our restaurant and various culinary, cultural and social experiences. — Flyfish Club (@Flyfishclub) January…

NYC Mayor Undeterred by Falling Bitcoin Price, Says Buying the Dip Could Yield ‘Good Profit’ – Markets and Prices Bitcoin News

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The mayor of New York City, Eric Adams, is not deterred by bitcoin’s volatility, noting that buying the dip could yield “a good profit.” He reiterated that he will receive his first three paychecks in bitcoin and will make New York City the center of blockchain technology. New York Mayor Hints at Buying the Dip The mayor of New York City, Eric Adams, is undeterred by the falling price of bitcoin. A former New York City police captain and Brooklyn borough president, Adams took office on Jan. 1 as the…

NYC mayor getting paid in Bitcoin suggests buying the dip

Newly sworn-in New York City Mayor Eric Adams is already using his influence to publicly speak about buying the recent Bitcoin dip. In a Thursday interview with CNBC’s Squawk Box, Adams said he had not yet received his first paycheck as the mayor of New York City, but reiterated his aim to make the city a Bitcoin (BTC) and crypto hub. When co-anchor Andrew Ross Sorkin pointed out that the price of the crypto asset has “come down” — dipping as low as $43,000 earlier today — the NYC mayor…