Newly elected New York City Mayor Eric Adams has reiterated his pledge to make the city a crypto hub by accepting his first three paychecks entirely in Bitcoin. In a Nov. 4 response on Twitter to Francis Suarez re-elected for another term as of Tuesday Adams said he would be matching the Miami mayors pledge to accept his next paycheck…
At nearly 400,000 people, the Navajo Nation is one of the largest Native American tribes in the United States. It’s also one of the most impoverished, with poverty statistics closer to the world’s least developed countries than its neighboring cities of Phoenix, Arizona, or Santa Fe, New Mexico. Nearly 50% of Navajo are unemployed, 40% don’t have running water, 32%…
In brief New York City mayor-elect Eric Adams tweeted that he will take his first three paychecks in Bitcoin. He made the pledge after Miami mayor Francis Suarez tweeted that he would take his own next paycheck in Bitcoin. Democrat Eric Adams won election Tuesday as the next mayor of New York City, and hes already leaning into campaign promises…
Bitcoin’s (BTC) 90% year-to-date gain was largely fueled by the SECs recent exchange-traded fund (ETF) approval and in the first 48-hours of listing, ProShares Bitcoin Strategy ETF ($BITO) was able to amass $1.1 billion in assets under management. On Nov. 1 the U.S. Treasury released its stablecoins report, which basically urged Congress to regulate the industry. In short, the working…
Russian institutions have responded to a call from а public movement for joint efforts to identify cryptocurrency transfers related to drug trade. The anti-drug organization, Stopnarkotik, recently asked the interior ministry and the central bank to investigate alleged connections between U.S.-sanctioned crypto exchange Suex and a darknet market operating in the region. Russian Authorities Respond to Stopnarkotik’s Request for Action…
NYC Mayor-Elect Eric Adams will take his first three paychecks in bitcoin. The move comes in response to Miami Mayor’s announcement two days before, saying he would take his next paycheck fully in BTC. One of Bitcoin’s most essential characteristics, game theory, has begun playing out at the U.S. politics level. Game theory has started playing out in politics as…
On Nov. 2, award-winning writer and director Quentin Tarantino announced he would auction off seven uncut scenes from Pulp Fiction as nonfungible tokens, or NFTs, built on the Secret Network (SCRT). The digitized assets will include the first uncut scripts of the movie, as well as secrets about the film and its creators. While the NFTs will feature public metadata,…
In brief Axie Infinitys Ronin sidechain for Ethereum now has its own decentralized exchange called Katana. Katana lets users swap tokens without bridging to Ethereum. It also has a new ecosystem token of its own called RON. Ethereum-based play-to-earn game Axie Infinity exploded in popularity this summer following the launch of Ronin, a custom sidechain that enabled speedy, low-cost transactions.…
Googles parent company Alphabet has made a $1 billion equity investment in the Chicago Mercantile Exchange Group, the exchange responsible for many crypto derivatives products. In a Nov. 4 notice to investors, the CME Group announced the $1 billion investment from Alphabet in addition to a 10-year strategic partnership with Google Cloud aimed at accelerating the exchanges move to the…
Paytm, India’s leading digital payments company, said Thursday that it would consider Bitcoin services if the country’s regulatory framework for cryptocurrencies was more definite. Speaking to Haslinda Amin and Rishaad Salamat during an interview on Bloomberg TV, Paytm’s chief financial officer Madhur Deora stated that the rules surrounding Bitcoin (BTC) remain in a grey area in India. Bitcoin is still…
