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


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...

Rio De Janeiro to Invest 1% of Its Treasury in Cryptocurrency


Rio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in cryptocurrencies. The announcement was made by the mayor of Rio, Eduardo Paes, during Rio Innovation Week. The plan is to turn the city into a cryptocurrency-friendly hub, and there are other tax incentives...

Miami Mayor Francis Suarez Plans to Take a Fraction of His 401k in Bitcoin


During the first week of November, the reelected Miami mayor Francis Suarez explained that he would receive part of his salary in bitcoin via the payment processor Strike. A month later, speaking at Real Vision’s Takeover event in Las Vegas, Suarez revealed he plans to take part of his 401k...

NYC Mayor-Elect Doubles Down on his Bitcoin Plans


Fresh from his election win, New York City’s mayor-elect Eric Adams is doubling down on his crypto-related plans, announcing plans to have the city’s schools teach students about the technology that underpins bitcoin (BTC) and other cryptocurrencies. “When I talked about blockchain and bitcoins...

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