In brief
Adams says New York has "lost its mojo" and invokes Bitcoin and crypto-currency, along with vertical farming. He says people today are waking up with a "different strut"
— Ross Barkan (@RossBarkan) June 24, 2021
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0.03%Reading
Brooklyn borough president Eric Adams, now the clear front runner in New York City’s Democratic mayoral primary, said on Tuesday that he plans to make the city a “center of Bitcoins.”
“I’m going to promise you, in one year, you’re going to see a different city,” said Adams at a campaign watch party for in-person voting results. “We’re going to bring businesses here. We’re going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of Bitcoins.”
The in-person voting date for New York City’s mayoral primaries was this past Tuesday, but a substantial number of mail-in ballots means the official outcome won’t be known for weeks.
Adams says New York has "lost its mojo" and invokes Bitcoin and crypto-currency, along with vertical farming. He says people today are waking up with a "different strut"
— Ross Barkan (@RossBarkan) June 24, 2021
Adams, a former police officer and longtime New York politician, was among the Democratic race’s more moderate candidates. He referenced Bitcoin again at a press conference this morning, per the reporter Ross Barkan, and stressed that New York City needs to compete with Miami’s growing business ambitions. (Miami’s mayor, Francis Suarez, is also a prominent crypto influencer.)
Miami Mayor Francis Suarez sat down with Cameron and Tyler Winklevoss this past weekend for a far-reaching conversation about cryptocurrencies and the future of blockchain tech. The Winklevoss twins founded Gemini, which has grown into a cryptocurrency exchange and custodian, in New York in 2014 and have been based there ever since. They used the conversation as a chance to spread the gospel about crypto. Suarez is listening. His mission, he said, is making Miami “the most crypto competitive cit...
He made a similarly hand-wavy comment about inviting new technologies to the city in 2015. "I want Bitcoin,” he said at an event. “I want Airbnb. And I want marijuana dispensaries."
Most of the Democratic candidates for mayor have been quiet on the subject of cryptocurrency (there are, needless to say, bigger municipal fish to fry); the one who’s said the most has been Andrew Yang, the one-time presidential candidate who ended his mayoral campaign on Tuesday evening after a poor showing.
In February, Yang tweeted about wanting to make New York City “a hub for [Bitcoin] and other cryptocurrencies.”
Adams has also been publicly backed by former child actor and crypto enthusiast Brock Pierce.
Prominent technology investor Cathie Wood’s Ark Invest released an updated Bitcoin price target, outlining a path for the top cryptocurrency to reach a price of as much as $2.4 million per coin by 2030. Released on Thursday, the latest report levels up Ark’s previous price predictions from its annual Big Ideas report, which used total addressable markets (TAM) and penetration rate assumptions to determine a price prediction for Bitcoin. Now, the firm combined its previous predictions with expe...
Bitcoin ETFs attracted $442 million in inflows yesterday, marking the fourth consecutive trading day of positive accumulation. Markets have been green since last Thursday, but were closed in various regions in observation of Good Friday and Easter. Total assets under management now stand at $108 billion, according to data from CoinGlass, reaching its highest level since late February, as Bitcoin continues its recovery from the low $80,000 range this week. BTC, the original cryptocurrency, is cur...
An Ethereum user fell victim to an address poisoning scam on Sunday, resulting in the loss of nearly $700,000 worth of the USDT stablecoin. Experts warn this rising form of scam is easy to fall victim to if users aren’t militant in fully checking the address that they’re sending funds to. What is address poisoning? For address poisoning to work, malicious actors create an address that looks strikingly similar to an address that the victim has interacted with recently. The attacker will then send...