NYC'S MAYOR INVESTS FIRST PAYCHECK IN CRYPTOCURRENCY
AppleMagazine|January 28, 2022
New York City’s new mayor, Eric Adams, plans to convert his first paycheck into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.
The Democrat’s office announced that Adams’ first salary payment will be deposited with Coinbase, an online platform used for buying cryptocurrency, and then converted into Ethereum and Bitcoin.

“New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations,” Adams said in a statement. “Being on the forefront of such innovation will help us create jobs, improve our economy, and continue to be a magnet for talent from all over the globe.”

The city noted in its news release that federal labor rules bar the city from paying employees in cryptocurrency, but that any worker paid in U.S. dollars can use an exchange to buy cryptocurrency.

Adams’ use of his public office to promote the crypto industry drew criticism from at least one upstate New York environmental group, Seneca Lake Guardian, which noted that creating and managing cryptocurrency can consume enormous amounts of energy, often produced by power plants that contribute to climate change.

“Mayor Adams is dead wrong and his ignorance could cost New Yorkers millions of dollars in energy bills while killing local economies, poisoning our water and filling our air with deadly C02 emissions,” the group said in a statement.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM APPLEMAGAZINEView All

Amazon Fires 2 Union Organizers Tied to First U.S. Labor Win

Amazon has fired two employees with ties to the grassroots union that led the first successful U.S. organizing effort in the retail giant’s history.

2 mins read
AppleMagazine
May 13, 2022

2022 IS THE YEAR OF ALL-INCLUSIVE TRAVEL, AND HERE'S WHY

The hotel name Zoetry (in Zoetry Montego Bay Jamaica) has an umlaut mark over the letter "e."

3 mins read
AppleMagazine
May 20, 2022

'TOP GUN' SEQUEL A WELCOME TRIP TO THE DANGER ZONE

Early on in "Top Gun: Maverick," Tom Cruise hops on his sleek motorcycle, wearing Aviator sunglasses and a leather jacket with patches, and speeds into a time machine. No, that's not right. It's actually us who take a trip back.

3 mins read
AppleMagazine
May 20, 2022

MacBook Air

Rumors: What to expect with Apple's 2022 redesign

5 mins read
AppleMagazine
May 20, 2022

4 WAYS TO PROTECT YOUR SMALL BUSINESS FROM CYBER ATTACKS

Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering.

3 mins read
AppleMagazine
May 20, 2022

A BEZOS-BIDEN SQUABBLE: CAN CORPORATE TAXES TAME INFLATION?

Jeff Bezos this weekend became the latest centi-billionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as "disinformation” and “misdirection."

2 mins read
AppleMagazine
May 20, 2022

BIDEN ADMINISTRATION TO RELEASE $45B FOR NATIONWIDE INTERNET

The Biden administration is taking the first steps to release $45 billion to ensure that every U.S. resident has access to high-speed internet by roughly 2028, inviting governors and other leaders to start the application process.

2 mins read
AppleMagazine
May 20, 2022

NISSAN MULLING THIRD AUTO PLANT IN THE US TO MEET EV DEMAND

Nissan is considering adding a new auto plant in the U.S. to keep up with growing demand for electric vehicles, a top executive at the Japanese automaker said.

2 mins read
AppleMagazine
May 20, 2022

MENACED BY FLAMES, NUCLEAR LAB PEERS INTO FUTURE OF WILDFIRE

Public schools were closed and evacuation bags packed this week as a stubborn wildfire crept within a few miles of the city of Los Alamos and its companion U.S. national security lab - where assessing apocalyptic threats is a specialty and wildland fire is a beguiling equation.

4 mins read
AppleMagazine
May 20, 2022

WITH ROE IN DOUBT, SOME FEAR TECH SURVEILLANCE OF PREGNANCY

When Chandler Jones realized she was pregnant during her junior year of college, she turned to a trusted source for information and advice.

3 mins read
AppleMagazine
May 20, 2022
RELATED STORIES

Inspiring Journeys

Follow in the footsteps of adventurous women who made travel history.

7 mins read
Global Traveler
March 2022

The City Politic: Errol Louis

The Eric Adams Show: A beginning stocked with masterstrokes, gaffes, and eyebrow-raising appointments.

6 mins read
New York magazine
January 17 - 30, 2022

CARPE DIEM

OYSTER’S LATEST LAUNCH IS ITS FASTEST SELLING MODEL OF ALL TIME AS OWNERS FLOCK TO ‘SEIZE THE DAY’. AN OVERNIGHT TEST PROVES THE IDEAL CHANCE TO FIND OUT WHY

10+ mins read
Yachting World
November 2021

MY MONSTER BATTLE WITH 800-LB GATOR

Rookie needed 5 hours to best 13-foot beast

1 min read
Globe
October 11, 2021

Intrusion

ORIGINAL MOVIE Every floorboard creak and unexpected noise will have you spooked long after you’ve finished watching this haunting tale of isolation and what director Adam Salky calls “the terrifying unknowability of people.”

1 min read
TV Guide Magazine
September 27 - October 27, 2021

THE NEW WAVE OF CLASSIC ROCK

OUR GUIDE TO 15 “NEW WAVE OF CLASSIC ROCK” ACTS THAT ASPIRE TO THE GREAT GUITAR HEIGHTS OF THEIR FOREBEARS (OR SIMPLY, 15 KICKASS GUITAR BANDS YOU NEED TO KNOW ABOUT!)

10+ mins read
Guitar World
June 2021

SERIAL DOG KILLER COLLARED AT LAST!

12-foot gator easted on pets during 20-year reign of terror

2 mins read
Globe
May 03, 2021

Blockbuster trade looking better and better

Aside from Jamal Adams’ scorched-earth campaign trashing the Jets’ brass and making it untenable for him to stay, there’s another significant reason his trade made a ton of sense.

7 mins read
NY Jets Confidential
February/March 2021

The City Politic: David Freedlander

A Mayoral-Race Mystery Why is the Black frontrunner getting snubbed by the Black political Establishment?

6 mins read
New York magazine
February 1-14, 2021

Shoots from the hip

SEASON OF SAVINGS

8 mins read
NY Jets Confidential
January 2021