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Messi’s PSG contract to include crypto fan tokens

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Soccer star Lionel Messi is set to be partially paid in cryptocurrency fan tokens as part of his agreement with PSG

Sources have told Reuters his contract included a payment in cryptocurrency fan tokens, providing another big name endorsement for new digital assets.

Messi recently transfered from Barcelona to the French club.

Paris St Germain says in a statement the tokens included in his “welcome package”, or signing on fee, had been provided by the club’s fan token provider.

Fan tokens are a type of cryptocurrency that allow holders to vote on mostly minor decisions related to their clubs.

Among the clubs to launch tokens this year are English Premier League champions Manchester City and Italy’s AC Milan.

Football Superstar Lionel Messi has agreed to a two-year deal with French club PSG

The deal is set to be worth 35 million euros per season with Messi accepting the PSG contract proposal and will be in Paris in the coming hours.

A tearful Messi just days ago confirmed his departure from Barcelona, after 21 years at the club winning the award for the world’s best player six times.

The president of Barcelona said the club had been forced to part ways with Messi because of his high wages coupled with the league’s strict financial rules.

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Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

Business

Government-backed crypto could threaten the U.S. economy, report finds

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Government-backed cryptocurrencies could threaten the U.S. economy, that’s according to a new report

The Treasury Department believe that prices crypto are set by market speculation and don’t have much economic reality.

It’s found crypto-asset firms intersect with entities that have risky business profiles.

Treasury believes this is a concern for the U-S financial system.

Of course, Bitcoin is just one digital coin to swing and los much of its value since the start of this year.

But advocates think these stable-coins could be less volatile than traditional currencies.

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Business

Kim Kardashian charged over crypto promotion

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Kim Kardashian is making headlines today but not for good reasons.

The celebrity has been charged $1.26 million by the Securities and Exchange commission for unlawfully promoting a crypto asset on her Insta profile.

The SEC found that the star failed to disclose she was paid $250, 000 to post about the digital coin.

Chair Gary Gensler says this is a reminder that “when celebrities endorse investment opportunities, it doesn’t mean that those investment products are right”

Gensler warned investors to do their own research and analyse the risk involved based on their own financial goals.

Kardashian fully cooperated with the investigation and is not allowed to promote another crypto asset for three years.

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Crypto

Coinbase users in the dark following company-wide fault

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Coinbase users were left in the dark at the weekend because of a company-wide fault

The crypto exchange temporarily stopped transactions for users in the U.S. for over five hours.

Withdrawals and deposits involving bank accounts were put on hold.

But users could still use a debit card or PayPal to buy their crypto.

It follows a string of delays with Solana too, after the network suffered an outage last Friday.

Of course, Coinbase dropped over 1-thousand staff as the value of the crypto falls dramatically.

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