Day: April 14, 2023

PayPal Cut CEO Dan Schulman’s Remuneration by 32%

Schulman is set to retire by the end of the year as he announced back in February. American multinational financial services and payment firm PayPal Holdings Inc (NASDAQ: PYPL) has slashed the cash remuneration for its Chief Executive Officer (CEO) Dan Schulman in a rare cost-cutting move. According to a filing lodged by the company, Schulman was paid a total of $22 million for the year, down by 32% from the $32 million he received from the firm last year. The slash in remuneration for Schulman comes as a result…

Mastercard Unveils Web3 Music Accelerator and Drops Free NFTs

Mastercard’s Music Pass NFTs are key to unlocking the Mastercard Artist Accelerator Program, a Web3 platform giving free access to educational materials.  Earlier this week on Wednesday, April 12, the popular payments giant Mastercard stated that it will be releasing non-fungible tokens (NFTs) in order to help Web3 musicians access the resources to help them boost their careers. The announcement came at NFT.NYC 2023, the largest NFT conference in the world. Dubbed Mastercard Music Pass NFT, it is developed in coordination with the Polygon network and free to mint. Mastercard…

Bitcoin price spikes above $31K as Ethereum gains spark ‘altseason’ calls

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Bitcoin (BTC) broke through $31,000 on April 14 as bulls hoped that altcoins would soon follow. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst eyes potential dip under $30,000  Data from Cointelegraph Markets Pro and TradingView captured new ten-month highs of $31,035 for BTC/USD on Bitstamp. The pair had risen gradually the day prior after a consolidatory period around new macroeconomic data prints from the United States. These had furthered the bullish risk asset narrative, with both the Consumer Price Index (CPI) and Producer Price Inflation (PPI) prints showing inflation…

Solana Releases Web3-focused Android Smartphone Saga

A distinctive feature Saga has is the “Solana Mobile Stack” (SMS) that links crypto functionality to the phone. Solana Labs’ web3 smartphone Saga is ready for launch, and plans are in place for its public sale on the 8th of May. The company revealed that it has started shipping to customers who pre-ordered. Saga is finally ready about 10 months after Solana CEO Anatoly Yakovenko announced that the company would produce a web3 Android smartphone. While announcing the phone in New York City, Yakovenko said he believed that it is…

SEC Summons Justin Sun, Soulja Boy & YouTube Musician over Issuance of ‘Unregistered’ TRON Coins

The SEC says the TRON founder and the other two accused have 21 days to answer its summons or incur further punitive action.  The Securities and Exchange Commission (SEC) has issued summons to TRON founder Justin Sun and a few other celebrities over the TRX token. According to reports, the securities regulator wants to hear from Sun, American rapper Soulja Boy, and YouTube sensation Austin Mahone following its civil complaint.  Last month, the SEC accused several celebrities, including the trio, of involvement in issuing unregistered tokens. The Commission alleged that…

What happens to your NFTs when you die?

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Once a nonfungible token (NFT) trader dies, their digital collectibles may be forever lost in the blockchain if they do not have a handover plan set up. Because of this, lawyers believe that it’s best to craft a way to pass on their assets in case of death.  From a legal standpoint, creating an estate plan, which is simply arranging the management and disposal of properties in preparation for future incapacity or death, seems like a great choice. Jaime Herren, a wealth services lawyer, told Cointelegraph that this may be…

Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions – Economics Bitcoin News

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Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, the so-called weaponization of its ubiquitous use has made some countries consider other options for international trade. BRICS Common Currency Issuance Under Scrutiny Zhou Weidi, deputy director of the Institute of Economics and Business Administration Central China Pedagogical University, has weighed in on the possible implementation of a BRICS currency…

Nigerian crypto payment startup shuts down, offers IP for sale

Nigerian crypto and Web3 company Lazerpay announced on April 13 that it is shutting down its operations. According to a statement released on Twitter by Lazerpay founder and CEO Emmanuel Njoku, the decision to shut down the startup was necessary after the company could not raise funds in a funding round. In the statement, Njoku said, “We are immensely grateful for the connection we have made and the impact our platform has made in the crypto ecosystem. We fought hard to keep the lights on for as long as possible,…

Meta urged to ban minors from virtual world

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Advocacy organizations and safety groups have urged Mark Zuckerberg’s social media giant Meta to halt plans allowing minors into metaverse. Online safety groups and experts sent a letter to the Meta CEO on April 14, calling out the firm to scrap its plans to invite teenagers and young adults to join its metaverse app, Horizon Worlds. The letter was signed by major safety groups including airplay, the Center for Countering Digital Hate, Common Sense Media and others, according to a report by Bloomberg. The activists argued that Meta must first…