• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home EXCHANGES

NYC mayor fulfills promise to receive paycheck in Bitcoin

CB4U by CB4U
January 22, 2022
in EXCHANGES
0
NYC mayor fulfills promise to receive paycheck in Bitcoin
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

New York City’s new mayor, Eric Adams, has taken a bold step to fulfill one of his promises as he is set to take his first paycheck in Bitcoin, according to available information.

The Mayor, in November last year, had promised to take his first three paychecks in office as a Mayor in crypto. 

Mayor Adams to get paid in Bitcoin

Recent revelations have now revealed that Mayor Adams will be receiving his first paycheck in Bitcoin and Ethereum later on Friday. The paycheck would be converted using one of the leading crypto exchanges in the United States, Coinbase.

It is important to note that when Mayor Adams made his promise regarding cryptocurrencies, the crypto market was experiencing a green run that culminated in an all-time high. However, the crypto market has since shed most of the gains as the flagship digital asset for the second in recent weeks dropped below the $40k mark.

But despite the fall in value, the pro-crypto mayor appears unfazed. In one of his recent statements, he expressed his desire to make New York the Centre of the world’s innovations in the financial world.

Apart from the New York City mayor, another pro-crypto mayor is that of Miami, Francis Suarez, who was the first to take his paycheck in BTC. 

Crypto adoption around the world

With New York’s city mayor being the latest individual to be willing to receive crypto payment, it continues the widespread adoption moves being made across the world by individuals and institutions.

Recently, Francis Ngannou, the current holder of the UFC heavyweight title, revealed that he would be receiving half of his prize purse from a UFC event slated for this weekend in the flagship asset. Apart from that, he also said that he would be giving away $300,000 in Bitcoin to fans who comment on his post.

I believe bitcoin can empower people everywhere. So I’m excited to partner w/ @CashApp to take half my #UFC270 purse in bitcoin. I want to make bitcoin more accessible to my fans, so I’m giving out $300K in bitcoin! Follow @CashApp + drop your $cashtag w/ #PaidInBitcoin pic.twitter.com/8JEvJ1UYu1

— Francis Ngannou (@francis_ngannou) January 18, 2022

However, critics of crypto adoption would point to the current price movement of the wider crypto industry as one of the risks associated with adopting digital assets as a payment method.

CryptoSlate Newsletter

Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Advertisement Banner
Previous Post

Ethereum Price Crash below 3K

Next Post

Crypto Pumping After RARE Buy Signal! New Fed Report On Crypto And Regulation COMING SOON!

CB4U

CB4U

Next Post
Crypto Pumping After RARE Buy Signal! New Fed Report On Crypto And Regulation COMING SOON!

Crypto Pumping After RARE Buy Signal! New Fed Report On Crypto And Regulation COMING SOON!

Discussion about this post

RECOMMENDED

ON S'EST FAIT AVOIR PAR L'UKRAINE? METAMASK BLOQUÉ ?  ACTU CRYPTO MONNAIES 03/03

ON S'EST FAIT AVOIR PAR L'UKRAINE? METAMASK BLOQUÉ ? ACTU CRYPTO MONNAIES 03/03

11 months ago
The Whole Crypto Market is About to Burst Due To THIS…

The Whole Crypto Market is About to Burst Due To THIS…

5 months ago

DON'T MISS

SEC Said to be Considering Retail Staking Ban

SEC Said to be Considering Retail Staking Ban

February 9, 2023
AXS Price Prediction: Axie Rises by 57% to $11. Is this a Sign of Investing in the Token? 

AXS Price Prediction: Axie Rises by 57% to $11. Is this a Sign of Investing in the Token? 

February 9, 2023
What is decentralized storage, and how does it work?

What is decentralized storage, and how does it work?

February 9, 2023
U.S. Democrats Seek More Info On Federal Crypto Mining Data Collection

U.S. Democrats Seek More Info On Federal Crypto Mining Data Collection

February 9, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

SEC Said to be Considering Retail Staking Ban

SEC Said to be Considering Retail Staking Ban

February 9, 2023
AXS Price Prediction: Axie Rises by 57% to $11. Is this a Sign of Investing in the Token? 

AXS Price Prediction: Axie Rises by 57% to $11. Is this a Sign of Investing in the Token? 

February 9, 2023
What is decentralized storage, and how does it work?

What is decentralized storage, and how does it work?

February 9, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
en English
en Englishja Japaneseko Koreantl Filipinovi Vietnamesehi Hindibn Bengalita Tamilzu Zulusw Swahilide Germanfr Frenches Spanishpt Portugueseru Russian