{"id":10806,"date":"2022-03-16T01:56:50","date_gmt":"2022-03-16T01:56:50","guid":{"rendered":"http:\/\/egrowonline.com\/?p=10806"},"modified":"2022-03-16T01:56:50","modified_gmt":"2022-03-16T01:56:50","slug":"mayor-adams-hits-miami-for-cryptocurrency-conference","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=10806","title":{"rendered":"Mayor Adams hits Miami for cryptocurrency conference"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>New York City Mayor Eric Adams traveled to Miami on Tuesday to speak at a conference on cryptocurrency \u2014 a boom-bust form of virtual cash, which <a target=\"_blank\" href=\"https:\/\/nypost.com\/2022\/02\/09\/nyc-mayor-eric-adams-says-hes-against-crypto-mining\/\" rel=\"noopener\">has gained notoriety in recent years<\/a>. <\/p>\n<p>The private soir\u00e9e at the Ritz-Carlton also featured Miami\u2019s mayor, Francis Suarez, another high-profile proponent of the computer-based tender, with whom Adams has a friendly rivalry. City Hall did not respond to requests for a transcript of Hizzoner\u2019s remarks. <\/p>\n<p>It\u2019s Adams\u2019 latest high profile <a target=\"_blank\" href=\"https:\/\/nypost.com\/2022\/01\/21\/mayor-adams-turning-first-check-to-crypto-as-bitcoin-plunges\/\" rel=\"noopener\">embrace of cryptocurrency<\/a>, which he touted repeatedly on the campaign trail as a way to demonstrate his openness to New York\u2019s finance and technology sectors \u2014 <a target=\"_blank\" href=\"https:\/\/nypost.com\/2022\/01\/24\/nyc-mayor-adams-may-have-lost-more-than-1k-converting-his-pay-to-crypto\/\" rel=\"noopener\">including promising to convert his first two paychecks<\/a> into the digital dollars. <\/p>\n<p>However, the wild swings in the cryptocurrency markets meant that Adams\u2019 investment may have lost nearly 20 percent of its value in the first week. <\/p>\n<figure class=\"wp-block-image size-large\"><a target=\"_blank\" href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-571.jpg?quality=90&amp;strip=all\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-571.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Miami Mayor Francis Suarez also attended the conference at the Ritz-Carlton.\" class=\"wp-image-21539418\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-571.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-571.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-571.jpg?quality=90&amp;strip=all&amp;w=512 512w\" \/><\/a><figcaption>Miami Mayor Francis Suarez also attended the conference at the Ritz-Carlton.<\/figcaption><figcaption><span class=\"credit\">AP Photo\/Wilfredo Lee<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><a target=\"_blank\" href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-573.jpg?quality=90&amp;strip=all\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-573.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Adams converted his first two mayoral paychecks into Bitcoin.\" class=\"wp-image-21539422\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-573.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-573.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/adams-crypto-573.jpg?quality=90&amp;strip=all&amp;w=512 512w\" \/><\/a><figcaption>Adams converted his first two mayoral paychecks into Bitcoin.<\/figcaption><figcaption><span class=\"credit\">Photo by Matt Cardy\/Getty Images<\/span><\/figcaption><\/figure>\n<p>Cryptocurrency is virtually unregulated and has been fiercely criticized by law enforcement and <a target=\"_blank\" href=\"https:\/\/www.yahoo.com\/entertainment\/treasury-department-warns-banks-vigilant-162844327.html\" rel=\"noreferrer noopener\">financial experts as a potential tool<\/a> for oligarchs to easily move money.<\/p>\n<p>Environmentalists have slammed the cryptocurrency because the massive server farms needed to generate each unique \u2018coin\u2019 require so much electricity <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/tech\/tech-news\/bitcoin-miners-align-fossil-fuel-firms-alarming-environmentalists-n1280060\" rel=\"noreferrer noopener\">that old and heavily polluting power plants have <\/a>avoided shutdowns. <\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/nypost.com\/2022\/03\/15\/mayor-adams-hits-miami-for-cryptocurrency-conference\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York City Mayor Eric Adams traveled to Miami on Tuesday to speak at a conference on cryptocurrency \u2014 a boom-bust form of virtual cash, which has gained notoriety in recent years. The private soir\u00e9e at the Ritz-Carlton also featured Miami\u2019s mayor, Francis Suarez, another high-profile proponent of the computer-based tender, with whom Adams has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[6301,6302,52,259,1456,1408],"class_list":["post-10806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-adams","tag-conference","tag-cryptocurrency","tag-hits","tag-mayor","tag-miami"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/adams-crypto-index.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/10806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10806"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/10806\/revisions"}],"predecessor-version":[{"id":10808,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/10806\/revisions\/10808"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/10807"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10806"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}