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. Bitcoin’s price has taken a nosedive from Friday highs of $41,000 to $35,000, meaning Adams has … [Read more...] about No regrets for NYC mayor receiving his first Bitcoin paycheck during dip
Paycheck
NYC Mayor Adams to receive first paycheck in cryptocurrency Friday
Today, Eric Adams, the Mayor of New York City, announced he would be taking his first paycheck in Bitcoin (BTC) and Ethereum (ETH) with the funds arriving Friday. The salary will not be directly paid out as crypto. Instead, it is first issued in fiat U.S. dollar and then converted into digital currencies on Coinbase.Due to the U.S. Department of Labor and various state-level … [Read more...] about NYC Mayor Adams to receive first paycheck in cryptocurrency Friday
Miami Mayor Suarez to Take Next Paycheck in Bitcoin
Miami Mayor Francis Suarez pledged Tuesday to take his next paycheck entirely in bitcoin.In a tweet, the pro-crypto mayor positioned himself as one of the only U.S. political leaders taking their salary in bitcoin.The mayor of the city of Miami earns a salary of $187,500, according to the Miami Herald.Suarez, who is up for re-election Tuesday, appeared ready to use fintech … [Read more...] about Miami Mayor Suarez to Take Next Paycheck in Bitcoin