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New York City Mayor Eric Adams arrives for a press conference on gun violence at the Office of Chief Medical Examiner on June 26, 2023 in New York City.

Michael M. Santiago | Getty Images

New York City mayor Eric Adams has reportedly pledged to correct his annual financial disclosure form filed with the Conflicts of Interest Board, after failing to report his cryptocurrency holdings.

When asked whether he held any security, including stocks, bonds, ETFs, mutual funds, or cryptocurrencies with a market value of $1,000 or more, the mayor responded “no” in his filing. A spokesman for the mayor told the Daily News on Thursday that Adams had omitted his stakes in bitcoin and ether, because he had misunderstood the question and believed it only referred to securities.

Two top aides to the mayor both disclosed the exact amount of their bitcoin and ether holdings.

The mayor’s office did not immediately respond to a CNBC request for comment outside of business hours. It is unclear how much Adams’ crypto holdings are worth.

The mayor was quick to embrace cryptocurrency back in 2021 when he was fresh off an election victory and bitcoin was racing toward an all-time high of nearly $70,000 a coin. Since then, the world’s largest cryptocurrency has slipped to trade around $31,500 amid the wider downturn in the digital asset market.

In November 2021, Adams said he planned to accept his first three mayoral paychecks in bitcoin. Even as the sector plunged to the depths of crypto winter in 2022, Adams remained bullish on crypto, telling the press that he had kept his investment in crypto.

Adams’ pro-crypto platform was part of the politician’s efforts to give Miami a run for its money as one of the country’s top destinations for industry enthusiasts.

Miami mayor Francis Suarez’s progressive crypto policies drew start-ups, venture firms, and crypto exchanges to Florida during the pandemic. Meanwhile, lawmakers in New York have enacted some of the country’s most stringent and restrictive rules on the crypto industry.

In a similar disclosure by Suarez, the Miami mayor reported crypto holdings of $71,321 at the end of 2022, according to documents obtained by The Miami Herald via the county elections department. Suarez, who uses Jack Mallers’ Strike wallet to accept his salary in bitcoin, also saw his net worth double to $3.4 million last year.

It is unclear whether Suarez converted some of his crypto holdings into fiat cash, since his annual salary is $130,000, or whether his mayoral income dwindled due to bear market pricing. CNBC reached out to Suarez’s team but did not immediately hear back.

NYC Mayor-elect Eric Adams vows to take his first three paychecks in bitcoin

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Formula E 600kW mid-race charging is finally ready, for real this time, we swear

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Formula E 600kW mid-race charging is finally ready, for real this time, we swear

After years of waiting and many false starts, Formula E is finally going to debut its mid-race charging system, which will give cars a quick boost of energy charging at a rate much faster than current road cars can.

For years now, we’ve been hearing about FIA plans to introduce charging stops to electric racing.

In gas car racing, some series allow mid-race fueling and some don’t. The World Endurance Championship, which runs the 24 Hours of Le Mans, obviously needs to fill up several times during the race. But Formula 1, which hosts shorter races, eliminated mid-race fueling in 2010.

Plans to bring mid-race charging to Formula E started in 2021, when the FIA started kicking around plans for an Electric GT racing series with 700kW charging.

But the FIA already had one electric racing series, Formula E, which had debuted in 2014. At the time, each driver had two cars, and would swap mid-race to a fresh car with new batteries.

Battery-swapping had been considered, but it would be too complicated to set up at temporary race facilities in city downtown areas, as many Formula E tracks are.

Then, in 2018, Formula E debuted a new “Gen 2” car which had a big enough battery not to need a charge mid-race, and later a “Gen 3” car in 2022, which had much stronger regenerative braking, capable of 600kW of braking power. Gen 3 also has an “Attack Mode” feature that lets cars unlock additional power for a short period each race, adding to strategy and mixing up the race order.

That 600kW charging ability could also be used for mid-race charging, so Formula E said that it was working on a system to allow for this. It announced that mid-race charging would come at some point in the 2023 season, but then pushed back those plans until 2024, and pushed them back again, this time with an uncertain date.

The issues involved building the charging system in temporary facilities and ensuring safety of the system (and of pit stops in general, which is always a concern when cars are driving rapidly near people). But after winter testing prior to this season, Formula E now says the system is ready to go.

So, once again, Formula E is ready to announce that mid-race charging is definitely, totally, positively, 100% certain at the upcoming Jeddah E-Prix, on February 14-15 in Jeddah, Saudi Arabia.

Formula E thinks that proving this high-power charging technology could help road cars to charge more quickly, which could have myriad benefits for electric cars in general.

The series is calling the system “Pit Boost,” and it will consist of a 34-second pit stop that provides around 10% additional charge to the cars (about 4kWh). While 10% isn’t a lot, 34 seconds is also not a lot of time. For comparison, one of the fastest-charging cars out there, the Ioniq 5, can charge from 10-80% in 18 minutes, which means 10% charge takes 2.5 minutes – five times as long as Formula E cars will manage the feat.

The stop will be mandatory for all drivers to take at some point in the race, and will mean new strategy options for drivers. Taking the stop means getting more energy, which means that your car won’t have to do as much energy saving to get to the end of the race – but it also means giving up your position on track, which can be hard to get back if you do it late in the race.

However, we’ve never seen it happen before, so it will be interesting to see what kind of strategic options develop.

If you’re interested in seeing how it turns out, tune in to the Jeddah E-Prix on February 14-15 to see what happens. It’s a doubleheader race weekend, with night races both on Saturday and Sunday, February 14-15, at 5pm UTC, 9am PST, 12pm EST, and 8pm local time. You can check out how to watch the race in your area by going to Formula E’s “Ways to Watch” section. In the US, Roku should be the most reliable way to watch.


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JackRabbit’s new solar charging kit keeps your e-bike topped up from the sun

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JackRabbit's new solar charging kit keeps your e-bike topped up from the sun

JackRabbit, the maker of pint-sized electric microbikes, is back with a new product designed to quickly recharge their batteries from pure, uncut photons mainlined into an e-bike directly from the sun. In true independent charging form, the Solar Charging Kit from JackRabbit keeps riders rolling even when there’s not a convenient AC outlet in sight.

Unveiled this week, the Solar Charging Kit consists of a single folding solar panel and a tiny voltage converter that is configured to output 42.0V, which is the exact voltage required by JackRabbit’s little e-bike batteries. There’s also an added USB-A and a USB-C charging port for powering other devices in addition to charging JackRabbit batteries.

“This Solar Charging Kit plugs directly into your bike,” explained the company, “letting you recharge without needing an outlet, but with a speed comparable to the charger that comes with the OG/OG2 (42V, 2A).”

That would mean the panel outputs around 80W of solar power, which the company says can recharge its batteries in just three hours. That fairly quick recharging speed is helped by the fact that JackRabbit’s batteries are a mere 151 Wh, or around a third of the size of most e-bike batteries.

If that sounds small, then you’re right – it is. But JackRabbit is all about going micro, offering barely 25 lb rideables that are easy to store and bring on adventures, even when they aren’t actually being ridden.

With small batteries that fit under the 160Wh limit for many airlines in the US, the batteries can be quickly charged and taken to the widest number of locations. And for riders that want to go further than a single 10-mile (16-km) battery will allow, extra batteries are small enough to fit a pants pocket. The company also offers much larger Rangebuster batteries, though they won’t pass by TSA and make it onto an airplane in your personal item.

It sounds like the Solar Chargking Kit should be able to charge up JackRabbit’s large RangeBuster batteries, though likely in more than three hours.

The $349 Solar Charging Kit is a bit pricier than building something similar yourself, but it’s also safer and more convenient than hacking together your own battery charger since it’s designed to work with JackRabbit’s batteries right out of the box.

Technically it’s only inteded for JackRabbit’s micro e-bikes (themselves technically seated scooters, even if they look and feel more like a typical bike), but it’d probably work for just about any 36V e-bike that requires 42.0V to charge.

This isn’t the first time we’ve seen solar charging kits for electric bikes, and it’s a trend that is certainly appreciated by outdoors and camping enthusiasts, festival goers, or anyone who finds themself and their bike spending extended periods in the great, sunny outdoors.

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Polestar hopes to steal Tesla sales, CATL revenue dips, and feeding the orcas

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Polestar hopes to steal Tesla sales, CATL revenue dips, and feeding the orcas

On today’s episode of Quick Charge, Polestar hopes to steal customers from Tesla now that Elon is involved in politics, CATL revenue dips for the first time ever, and a whole new way to feed the orcas drops down under.

As above, Polestar is hoping Elon’s descent into politics spells opportunity for the struggling Swedish/Chinese performance brand, CATL has big news in Europe, and Scooter Doll shows off a new electric submarine that’s so expensive, they won’t even tell us the price.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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