Cryptocurrencies
NYC Gets Own Cryptocurrency After Mayor-Elect Adams Touts Bitcoin
- CityCoins picks New York after Miami project garners millions
- NYCCoin ‘token’ mining expected to kick off Wednesday
Eric Adams during an election night party on Nov. 2.
Photographer: Angela Weiss/AFP/Getty ImagesThis article is for subscribers only.
New York City Mayor-elect Eric Adams’ pro-crypto stance appears to be showing early signs of working, with a community-led crypto project planning to create a dedicated city-based token.
CityCoins, which works on the Stacks protocol, decided to develop the token after Adams engaged in a friendly online banter with Miami Mayor Francis Suarez over Bitcoin, including taking paychecks in the largest cryptocurrency by market value. Adams has vowed to build a crypto-friendly city when he takes office in January.