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Last year, the city attracted $6.5b, accounting for 46% of funding to blockchain or crypto-centric companies, according to CB Insights data. NYDIG and Celsius Network led the pack of New York-based firms with funding rounds of $1b and $750m respectively.
Mayor Eric Adams has billed New York City the “center of the cryptocurrency industry,” and accepted with his first paycheck in office in Bitcoin and Ether, the digital asset underlying the popular Ethereum blockchain. Adams has also proposed a friendly-competition with fellow crypto-enthusiast, Miami Mayor Francis Suarez, who has been aggressively courting companies to come to Florida.
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