New York City Mayor Eric Adams traveled to Miami on Tuesday to speak at a conference on cryptocurrency along with Miami Mayor Francis Suarez.
However, the wild swings in the cryptocurrency markets meant that Adams’ investment may have lost nearly 20 percent of its value in the first week.Adams converted his first two mayoral paychecks into Bitcoin.
Cryptocurrency is virtually unregulated and has been fiercely criticized by law enforcement andEnvironmentalists have slammed the cryptocurrency because the massive server farms needed to generate each unique ‘coin’ require so much electricity
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