Daily Archives: 24/01/2022

The new mayor of New York will convert salary into BTC and ETH

The head of the New York City Hall, Eric Adams, said that he would convert his first salary in this post, which the official is waiting for the other day, into bitcoin and ethereum. Eric Adams took office as Mayor of New York on January 1, 2022. In November, Adams said he was ready to receive his first three salaries in bitcoin. However, under Department of Labor regulations, U.S. citizens cannot receive digital assets as…

SEC banned MicroStrategy from listing BTC as an asset in reporting

MicroStrategy was forced to remove data on investments in cryptocurrencies from the financial statements at the request of the SEC. The regulator justified this by the volatility of bitcoin. MicroStrategy posted a net loss of $36.1 million in its Q3 financial statement ending September 30, 2021. However, the addition of share-based compensation expenses and the drop in cryptocurrencies resulted in the company’s unofficial non-GAAP earnings ), rose to 18.6 million. MicroStrategy has told the Securities…