All posts tagged: payouts

Meta Said to Consider Stablecoin Use for International Creator Payouts

Meta Said to Consider Stablecoin Use for International Creator Payouts

Published by Webster

Meta is exploring the use of stablecoins to manage payouts for international creators, according to a report. Meta CEO Mark Zuckerberg’s firm is said to be in discussions with crypto firms as part of the company’s plans to begin using stablecoins in partnership with a number of crypto firms. For now, these discussions are said to be at a preliminary stage. Stablecoins are crypto assets that are pegged to reserved assets like fiat currencies in a 1:1 ratio. Considered safer than other digital assets in terms of exposure to market volatility, stablecoin values are derived from the underlying assets. Tether (UDST) and Circle (USDC) are two of the largest stablecoins available in the market as of May 9. Meta initiated stablecoins-related discussions with the crypto players earlier this year, according to a Fortune report that cites five unnamed sources aware of the company’s plans. The publication states that the Facebook parent firm is still in “learn mode”. As part of its plans, the company may integrate these stable tokens with Instagram to issue creator payouts …

Rugby-RFU Council orders review of huge payouts to executives

Rugby-RFU Council orders review of huge payouts to executives

Published by Parlour News

Dec 19, 2024 04:28 AM IST RUGBY-UNION-ENGLAND/RFU:Rugby-RFU Council orders review of huge payouts to executives By Mitch Phillips HT Image LONDON, – The Rugby Football Union Council has set up an immediate review into the circumstances surrounding the huge bonuses received by CEO Bill Sweeney and other executives after “recognising the reputational damage done to the sport”. Sweeney and RFU chairman Tom Ilube also look set to face a vote of no-confidence early next year after a “grass roots revolt.” Last month it was revealed that Sweeney was paid a total of 1.1 million pounds in the last accounting year, despite the RFU posting a record operating loss of 37.9 million pounds and making more than 40 staff redundant in September. Sweeney received a 358,000 pounds bonus and five other executives shared a million pounds as part of a long-term incentive plan agreed after they took pay cuts during the COVID pandemic. The payments were heavily criticised by former RFU leaders and many in the grass roots game and the decision-making Council reacted to the …

Rs 59 crore payouts for triathlon in 2024: How the sport is pulling more talent into their swim-bike-run circuit | Sport-others News

Rs 59 crore payouts for triathlon in 2024: How the sport is pulling more talent into their swim-bike-run circuit | Sport-others News

Published by Webster

The once-niche sport of Triathlon has rounded off a successful season of rewarding its Olympic and elite athletes, after the Dubai World Championships culminated the T100 race series on Sunday, with $7 million (Rs 59 cr) dispersed. The T100 featured eight star-studded races comprising a 2km swim, 80km bike and 18km run that last typically around a TV-friendly three hours, reported Reuters. Belgian Marten Van Riel overcame the challenge of German Rico Bogen to secure the inaugural men’s T100 triathlon world championship title, while American Taylor Knibb, took the inaugural women’s T100 title on Saturday. Knibb, 26, won Dubai with temperatures reaching 31 degrees Celsius (87.8°F) in the emirate, and after a perfect streak with wins in San Francisco, Ibiza, Lake Las Vegas, and Dubai, earned $310,000 (~ Rs 2 cr, 61 lakh) in prize money in the inaugural T100 season. Races spanned Miami in March, before moving to Singapore, California, London, Ibiza, Las Vegas and Dubai, before culminating in a November Grand Final in the Middle East. Each race had a $250,000 prize fund …

‘Paltry’ insurance payouts irks rain-affected farmers, Centre denies claims | Latest News India

Published by Webster

Krushna Raut, a farmer in Maharashtra’s Parbhani district, stared in disbelief at a message on his mobile phone, which showed ₹1.76 had been transferred to his bank account towards his crop-insurance claim. He first thought it was a mistake, but the district’s insurance authorities told him that was all they owed him, he said. This year, the monsoon dumped heavy rainfall in several states in September, a month when the rainy-bearing system usually starts retreating. The showers caught farmers like Raut from the district’s Dhasala village unaware, ruining harvest-ready crops. Farm-insurance claims have risen due to extensive crop damage caused by extreme weather conditions this year, but some farmers are angry at being given a pittance as compensation under the Pradhan Mantri Fasal Bima Yojana, a federal subsidised crop insurance scheme launched in 2016 after simplifying a myriad of weather-based insurance plans. In a country already facing serious threats to agriculture from extreme weather due to climate change, according to the Intergovernmental Panel on Climate Change, nearly 15 million farmers opted for the Pradhan Mantri …