Published 2 years ago

NYC Mayor Eric Adams could have lost $1,000 converting paycheck into cryptocurrency: report

Summary by Ground News

Mayor Eric Adams is paid roughly $5,900 after taxes every two weeks. He pledged to take his first three paychecks in cryptocurrency as part of a plan to make New York City into the center of the cryptocurrency industry. But federal Department of Labor regulations ban city governments from paying workers directly in cryptocurrencies.

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New York Post

Eric Adams may have lost more than $1,000 converting his first paycheck to crypto

Adams converted his first biweekly paycheck into bitcoin and ethereum; from the beginning of the day on Friday until Monday morning, bitcoin’s price plunged by about 15.9%, while Ethereum fell 24.3…

2 years ago·New York, United States

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The Hill

NYC Mayor Eric Adams could have lost $1,000 converting paycheck into cryptocurrency: report

Mayor Eric Adams decided to keep his promise to convert his first few paychecks into Bitcoin and Ethereum shortly before the value of both cryptocurrencies crashed.

2 years ago·Washington, United States

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Bloomberg

NYC Mayor Eric Adams could have lost $1,000 converting paycheck into cryptocurrency: report

2 years ago·United States

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Business Insider

NYC mayor Eric Adams converted his first paycheck into Bitcoin and Ether last week — then the crypto market crashed

Adams announced in November after winning the mayoral race that he would take his first three paychecks in Bitcoin.

2 years ago·United States

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Joe.My.God.

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2 years ago

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

Eric Adams may have lost more than $1,000 converting his first paycheck to crypto

Maybe he should’ve stuck with cash. Mayor Eric Adams may have lost more than $1,000 of his first City Hall paycheck in just four days after converting …

2 years ago

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NYC Mayor Eric Adams could have lost $1,000 converting paycheck into cryptocurrency: report

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Eric Adams may have lost more than $1,000 converting his first paycheck to crypto

Eric Adams may have lost more than $1,000 converting his first paycheck to crypto

NYC Mayor Eric Adams could have lost $1,000 converting paycheck into cryptocurrency: report

NYC Mayor Eric Adams could have lost $1,000 converting paycheck into cryptocurrency: report

NYC Mayor Eric Adams could have lost $1,000 converting paycheck into cryptocurrency: report

NYC Mayor Eric Adams could have lost $1,000 converting paycheck into cryptocurrency: report

NYC mayor Eric Adams converted his first paycheck into Bitcoin and Ether last week — then the crypto market crashed

NYC mayor Eric Adams converted his first paycheck into Bitcoin and Ether last week — then the crypto market crashed

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Eric Adams may have lost more than $1,000 converting his first paycheck to crypto

Eric Adams may have lost more than $1,000 converting his first paycheck to crypto

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