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Elon Musk Was the Highest Paid U.S. CEO for the Third Year in a Row
Elon Musk was the highest paid CEO in 2020, the third year in a row he has topped the list, according to Bloomberg. Bloomberg tallied Musk’s professional compensation to be worth roughly $6.6 billion USD — significantly higher than the second-highest paid CEO in the U.S., Oak Street Health CEO Mike Pykosz, who was awarded $568 million USD in a combination of salary, bonuses, stocks, options and perks. According to the Bloomberg Pay Index, Musk has yielded about $33 billion USD in gains, earning him the title of highest-paid U.S. CEO for the last three years. “For Musk, none of it is salary,” explained Bloomberg’s Anders Melin. “He gets only paid in stock options that grow in value if Tesla‘s share price goes up. And Tesla share prices have been on a tear for the past few years, ...
Coinbase users can now buy crypto with Apple Pay
Crypto exchange Coinbase announced on Thursday that users can now use Apple Pay to purchase crypto assets on its platform, with Google Pay integration to follow. “Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7,” said a Coinbase blog post on Thursday. “If you already have a Visa or Mastercard debit card linked in your Apple Wallet, Apple Pay will automatically appear as a payment method when you’re buying crypto with Coinbase on an Apple Pay-supported iOS device or Safari web browser,” the Coinbase blog post mentioned. Coinbase expects to enable Google Pay functionality “later this fall.” Buying #Bitcoin just got easier! You can sync your AppleP...
Fresh Bitcoin ETF hopes back BTC’s swift rally above $40,000
Crypto investors are seeing gains in Ether (ETH) and Bitcoin (BTC) on Aug. 5 after the successful launch of Ethereum’s London hard fork and a series of new Bitcoin exchange-traded fund filings, resulting in a rally that propelled BTC’s price 9% higher and caused Ether to gain 11.75%, which pushed the altcoin closer to the elusive $3,000 level. Data from Cointelegraph Markets Pro and TradingView shows that after an early morning sell-off that saw BTC fall to $37,280, the bulls stepped in, and the ensuing high volume spike sent BTC price to an intraday high of $40,775. BTC/USDT 4-hour chart. Source: TradingView Recent comments from United States Securities and Exchange Commission Chair Gary Gesler about the viability of a Bitcoin ETF were followed by several new ETF app...
London is live and Ethereum bulls control Friday’s $357M ETH options expiry
Ether (ETH) price rallied 50% leading in the London hardfork because many investors expect the upgrade to solve the issue of high transaction fees and make the altcoin a deflationary asset. Pantera Capital CEO Dan Morehead has predicted that the upcoming upgrade would likely cause Ether to ‘flip’ Bitcoin (BTC) as the leading cryptocurrency but this is a topic under heavy contention. To understand the impact of the recent price movement, traders should analyze the weekly options expiry. Deribit derivatives currently holds 86% market share in this segment and the aggregate open interest for Aug. 6 currently stands at $357 million. ETH Aug. 6 options aggregate open interest. Source: Bybt The neutral-to-bullish call (buy) option provides upside price protection to buyers and ...
Lead Republican behind infrastructure bill negotiations supports crypto amendment
Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the United States Senate, said he supports an amendment clarifying the intent of a cryptocurrency provision. In a tweet today, Portman encouraged his colleagues in the Senate to vote on an amendment proposed this week by Ron Wyden, Cynthia Lummis and Pat Toomey that suggests striking the definition of brokers in the infrastructure bill to no longer include developers, miners, or blockchain firms in the crypto space. I agree with Senators Wyden, Toomey, Lummis that we can do more to clarify the intent of the cryptocurrency provision & the Senate should vote on their amendment. — Rob Portman (@senrobportman) August 5, 2021 The senator’s stance is somewhat surprising given he has previou...
Biden targets 50 percent clean car sales by 2030
“This is a paradigm shift,” a senior administration official told reporters on Wednesday. Biden will sign an order setting the national 50 percent by 2030 goal at an event later on Thursday at the White House alongside representatives from the three major U.S. automakers — Ford, General Motors and Stellantis, formerly Fiat Chrysler — and the United Auto Workers. In addition to fully electric vehicles, the target will also include plug-in hybrids, which have gasoline engines to backup their batteries, and hydrogen fuel-cell vehicles, which currently make up a tiny fraction of U.S. sales. The target isn’t binding on consumers or automakers, but sets expectations for action over the coming decade, said the official who conducted the press briefing. “One of the things we’ve seen in juris...
Swisscom will become a Chainlink node operator
Switzerland-based telecommunications company Swisscom has said it will join Chainlink’s oracle network as a node operator. In a Thursday announcement, the telecommunications firm said it would be entering the decentralized finance, or DeFi, space by becoming an oracle node operator as part of a pilot program with the Chainlink network. The node, run by Swisscom’s digital asset division, will “continuously feed digital asset price data” to the network and allow applications on Chainlink to better settle financial contracts. “Making reliable off-chain data available on decentralized networks is a critical success factor for the future development of digital assets,” said Swisscom Digital Business fintech innovation manager Dominic Vincenz. Swisscom said the opportunities availabl...
Civic engagement and crypto: Miami unveils its own digital coin
On June 2, 2021, Miami Mayor Francis Suarez tweeted that “MiamiCoin” will be the first “CityCoin” ever to be launched, representing Miami’s very own cryptocurrency. Fast forward about two months later and the anticipation surrounding the release of MiamiCoin has been on the rise. Initially, it may appear as if the Magic City’s digital currency will function just like other cryptocurrencies that can be bought, sold and traded to profit both investors and the city of Miami. Yet, “MiamiCoin” is quite unique from other digital currencies. A developer platform for cities Patrick Stanley, founder and CEO of CityCoins — the project behind MiamiCoin — told Cointelegraph that MiamiCoin (MIA) can actually be considered as a developer platform for cities. “MiamiCoin, being the first-ever CityCo...
Coinbase CEO Brian Armstrong says proposed crypto tax rule makes no sense
Coinbase CEO Brian Armstrong is the latest crypto figure to come out against the wording of the proposed changes to cryptocurrency taxation in the United States. Tweeting on Wednesday, Armstrong stated that the provisions included in the crypto taxation proposal could have a “profound negative impact” on the U.S. crypto space and could force digital innovation to move overseas. As previously reported by Cointelegraph, amendments to crypto taxation rules were a last-minute addition to the $1-trillion infrastructure deal currently before the United States Senate. The Coinbase CEO, like many other opponents of the proposal, faulted the broad language of the bill’s wording. According to Armstrong, the bill extends the definition of the term “broker” to anyone who facilitates a digital asset tr...
Crypto analytics firm Messari concludes $21M Series A led by Point72 Ventures
Cryptocurrency market intelligence provider Messari has concluded a $21 million fundraise that was supported by some of the biggest venture firms in blockchain, once again highlighting growing investor appetite for budding crypto startups. The new funding will aid Messari in expanding its product suites as well as hiring and retaining more engineering and research talent. The company also plans to expand its enterprise offerings targeting institutional players. Ryan Selkis, Messari’s co-founder and CEO, further explained to Cointelegraph how the funds will be deployed: “We haven’t yet burnt through our seed capital from 2019, and have been highly capital efficient to date. We expect this capital to help us expand for the next several years, and allow us to pursue selectiv...
Dan Goldberg, Former Warner Music Vet, Tapped to Lead Music Merch Expansion at Fanatics
Dan Goldberg, the Warner Music Group veteran who recently exited the music major after more than a decade, is taking his talents to Fanatics, the leading seller of licensed sportwear. At Fanatics, Goldberg will continue to play in the music world in a role that sees him focusing his attention on shirts, caps and other merch sold at concerts and music festivals, according to Sportico, which broke the news. Goldberg has expertise in the space. Prior to his departure from Warner Music in June, he served as senior VP of the company’s Artist Services division, with responsibilities for the group’s e-commerce, tour merchandising, VIP experiences, ticketing, and fan club businesses. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It ...
EOS eyes the $4.20 resistance point after the latest rally
The cryptocurrency market recovered slightly yesterday, and that could allow EOS to rally higher soon The cryptocurrency market has recovered slightly following the losses of the previous day. Bitcoin climbed past the $38,000 mark yesterday while Ether rose above the $2,600 level. EOS rose by over 2% yesterday, following a 0.02% decline on Tuesday. EOS had a mixed start to the trading market yesterday, falling to a late morning intraday low of $3.92 before it embarked on a rally. After establishing a strong support level at $3.89, EOS rallied to a late intraday high of $4.15. However, it has since dropped to the $4 level and has stayed there over the past few hours. The cryptocurrency market has been experiencing mixed performances in recent weeks. The outlook from some analysts is still p...
