UnitedMasters To Allow Artists To Receive Pay In Crypto – October 12

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $57,214

Bitcoin price has ranged comfortably around the $57,000 mark over the last 24 hours, sitting near recent highs.

Top-20 altcoins are mostly down, as Ethereum falls 4%, Cardano drops 5% and Terra tumbles 9%.

Top Stories for October 12, 2021 πŸ”₯

πŸ‘‰ UnitedMasters To Allow Artists To Receive Pay In Crypto

US music distributor UnitedMasters has announced that it will allow musicians to receive their pay in cryptocurrencies from Coinbase.

Artists distributing their music through the company can choose a proportion of their royalties to receive in crypto, in the asset of their choice.

UnitedMasters has raised money from a variety of big name companies, including Apple, Alphabet and a16z.

πŸ‘‰ Crypto Payments Company MoonPay Now Valued At $3.4B

Popular cryptocurrency payments startup MoonPay will be valued at a massive $3.4 billion, following a $400 million funding round.

The funding round was MoonPay’s first, raising sizeable investments from Tiger Global Management, Coatue Management and others.

MoonPay is well-known for enabling users to buy cryptocurrency with their credit card when using several popular crypto platforms such as OpenSea and Trust Wallet.

πŸ‘‰ Top Facebook Wallet Engineers Join Andreessen Horowitz Portfolio Companies

Two of the top engineers developing Facebook’s digital currency wallet have left the project to join Andreessen Horowitz, also known as a16z.

Nassim Eddequiouaq and Riyaz Faizullabhoy were working on Facebook’s Novi wallet for two years. Eddequiouaq will take a16z’s chief information security officer position, while Faizullabhoy has been placed as CTO.