Tag

Eric Adams

All articles tagged with #eric adams

business7 hours ago

Eric Adams’ NYC Token Sparks Frenzy, Then $1 Million Vanishes

Former NYC mayor Eric Adams launched a city-themed cryptocurrency, NYC Token, aimed at funding anti-hate work; the token briefly surged to a near-$600 million market cap before a sudden withdrawal of about $2.5 million drew scrutiny and accusations of a rug pull, prompting Adams to bring in crypto investor Brock Pierce to salvage the project while some funds were later returned and questions about credibility linger.

politics15 hours ago

Adams Bets Big on Crypto as He Charts a Globetrotting Post-Mayoral Path

Former NYC mayor Eric Adams, two weeks into life after leaving office, is promoting a New York City–themed cryptocurrency called NYC Token, traveling internationally to boost opportunities and criticize his successor while outlining charitable aims for antisemitism and anti-Americanism causes; his post-mayoral plans include private ventures and partnerships in crypto and global business, with not-yet-disclosed details about the token’s backers; Cuomo is pursuing a WABC radio show, while Adams insists he will not take a salary for now and will work for himself rather than a 9-to-5 job.

cryptocurrencies16 hours ago

Ex-NYC Mayor Adams Faces Pump-and-Dump Allegations Over NYC Token

Former New York City Mayor Eric Adams promoted a Solana-based NYC Token intended to fund a non-profit and fight antisemitism; the token saw a rapid price rise and liquidation of about $2.5 million to USDC within an hour, leading to accusations of a pump-and-dump/rug pull, a pattern seen with celebrity-endorsed meme coins; Adams had previously backed crypto projects like NYC Coin during his tenure.

politics13 days ago

Mayor Adams vetoes 19 NYC Council bills amid outgoing tensions

Outgoing NYC Mayor Eric Adams vetoed 19 bills passed by the City Council, including measures on housing, street vending, and police oversight, citing concerns over bureaucracy and law enforcement. He also convened a new charter revision commission, sparking controversy and potential conflicts with the incoming administration and City Council, which may seek to override some vetoes.

politics2 months ago

Zohran Mamdani Emerges as Likely Next Mayor of New York

Zohran Mamdani, a progressive Democrat and member of the Democratic Socialists of America, is the leading candidate to become the next mayor of New York City after winning the Democratic nomination, with policies focused on affordable housing, higher taxes on the wealthy, and expanded public services. His main opponents are Republican Curtis Sliwa and independent Andrew Cuomo. Mamdani's rise is notable given his outsider status and his background, and his potential election could influence city policies and US political dynamics.

politics3 months ago

NYC Mayoral Race Shifts as Adams Exits and Candidates Respond

The NYC mayoral race has become less crowded after Mayor Eric Adams withdrew, with Zohran Mamdani leading in polls and gaining national attention, while candidates and donors adjust strategies. The race's outcome could influence national political narratives, especially around progressive policies and campaign funding. The election is set for November 4, with key debates and voting deadlines approaching.