PayPal Adds Bitcoin Startup CEO to Board of Directors
Xapo CEO Wences Casares has been appointed to PayPal’s board of directors, the pioneering online payments firm announced today. The former founder of digital wallet firm Lemon Inc, acquired by LifeLock in 2013, Casares would go on to launch bitcoin security startup Xapo, which has raised more than $40m in two public funding rounds. In the official release, PayPal lauded Casares for his past entrepreneurial efforts and position as a “cryptocurrency thought leader”. While he did not cite bitcoin specifically, Dan Schulman, president and CEO of PayPal, aimed to position Casares as an addition....
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Payments giant PayPal has announced the appointment of founder and CEO of bitcoin startup Xapo, Wences Casares, to its board of directors. In an official release today, PayPal described Casares as a “recognized next-generation payment and crypto-currency thought leader,” who will serve on PayPal’s Compensation Committee. PayPal’s press release also references bitcoin explicitly, stating Casares’ Xapo as “a company that provides the tools people need to purchase bitcoins and then manage them through an easy-to-use online wallet, spend them through the Xapo Debit Card or store them in Xapo’s....
Charleston-based Bitcoin startup Bitreserve has announced a management shake-up which will see Anthony Watson assume the role of Chief Executive Officer and as a member of The Board of Directors. Founder of Bitreserve Halsey Minor will be promoted as the Chairman of The Board of Directors and Chief Visionary of Bitreserve. Anthony Races to the Top Spot! Anthony's swift promotion should not surprise many. In early April, Anthony dropped the leading footwear brand Nike and joined Bitreserve as the Chief Operating Officer and the President. Commenting on the development Anthony said, "I want....
Per a Form 8-K filed with the U.S. Security and Exchange Commission (SEC), software company MicroStrategy (MSTR) will pay its board of directors in Bitcoin. The decision was taken on April 11, 2021, and it’s applicable to all non-employee directors. As the document says the executives will receive all fees for their service to MicroStrategy […]
Nasdaq-listed Microstrategy, which has amassed nearly 100K bitcoins in its treasury, has modified its compensation agreements for the board of directors. The company will now pay non-employee directors in bitcoin, citing its commitment to the cryptocurrency “given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered to sovereign monetary policy.” Board of Directors Will Be Paid in Bitcoin Microstrategy Inc. (NASDAQ: MSTR) has filed a form with the U.S. Securities and Exchange Commission (SEC) stating that its Board of....
The Bitcoin Foundation board of directors has issued a new statement on the controversy surrounding its current financial situation and proposed restructuring. Overall, the blog post seeks to clarify perceived misstatements issued over the weekend in a post that generated widespread discussion in the community. The full release takes aim at accusations that the organisation is "bankrupt" and has fired "90% of its staff". Though attributed to the Bitcoin Foundation board of directors, the statement does not seem to represent the board in its entirety. Both board members representing the....