New York touring musicians – led by the Music Workers Alliance – are seeking additional pandemic relief from the state after a tumultuous touring season this winter. Musicians including Esperanza Spalding and Marc Ribot are advocating on behalf of New York’s touring workers to be included in the New York State Legislator’s Small Business Recovery Grant — included in the New York State Senate’s budget proposal — as micro-businesses. Inclusion in the grant program would give music workers — or “independent arts contractors,” as they’re described in the budget — access to possibly hundreds of millions of dollars in relief funds. Pandemic Unemployment Assistance (PUA) ended in September 2021. Shortly thereafter, touring musicians were inundated with another wave of cancellations due to the unp...
The New Hampshire House of Representatives passed a bill on Tuesday to adopt the new version of Chapter 12 of the Universal Commercial Code, or UCC, which will govern transfers of digital assets. The chapter is still in draft form, but if HB1503 is signed into law, New Hampshire will be the first U.S. state to adopt the chapter. Like the draft chapter of the UCC, the bill — titled “Exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws” — seeks to create a “workaround” to make it easier to buy and sell cryptocurrencies by stipulating conditions under which “a developer or seller of an open blockchain token shall not be deemed the issuer of a security.” It passed by a vote of 187 to 150. The UCC is a set of model l...
The parliament of the European Union is delaying a vote on a framework aimed at regulating cryptocurrencies amid concerns over proof-of-work mining. In a Friday Twitter thread, European Parliament economics committee member Stefan Berger said the government body had canceled a vote on the Markets in Crypto Assets, or MiCA, framework scheduled to take place on Monday. Berger said parliament needed to clarify “the question of proof-of-work” in discussions with stakeholders to ensure a proper legal framework, adding that some might misinterpret the proposal as a ban on crypto. “The discussion about MiCA indicates that individual passages of the draft report can be misinterpreted and understood as a [proof-of-work] ban,” said Berger. “It would be fatal if the EU Parliament sent the wrong signa...
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam, has revealed that the commission has completed plans to begin the review of revenue allocation formula. Mbam made this known in Abuja during a courtesy visit to his office by members of the National Assembly Service Commission led by Ahmed Amshi. A press statement titled ‘Review of revenue allocation formula kick starts fully – RMAFC’ issued by the commission’s Public Relations Officer, Nwachukwu Christian, stated that the review of remuneration for political and Judicial office holders will equally commence as soon as the Federal government release fund for it. The statement read, “The Revenue Mobilisation Allocation and Fiscal Commission has concluded arrangements to fully commence the review of the na...
Russia on Friday called a U.S. decision to not rejoin the Open Skies arms control pact, which allows unarmed surveillance flights over member countries, a political mistake that strikes a sour note ahead of a summit, Russian news agencies reported. The United States told Russia on Thursday it would not rejoin the pact, which Washington left in November, accusing Russia of violating it, something Moscow denied. The original decision to quit the pact was taken by the administration of then U.S. president Donald Trump and Moscow had hoped that Joe Biden would reverse that decision. Sergei Ryabkov, Russia’s deputy foreign minister, was quoted by the RIA news agency on Friday as saying that Moscow was disappointed but not entirely surprised by Biden’s decision. “It certainly does not make us ha...
The Deputy Chairman of the House of Representatives Committee on Communication, Hon Idem Unyime, on Friday assured that Nigerians will soon get pay-as-you-go services for digital satellite television. Unyime gave the assurance as a Bill for an Act to amend the National Broadcasting Commission Act, co-sponsored by himself, Hon Odebunmi Olusegun and Hon Dachung Musa Bagos, scaled second reading. Unyime while appealing to Nigerians to be patient as the Bill will soon be passed into law, said when passed, it will also give the NBC the power to fix prices for digital television. He expressed optimism that the proposed legislation would be passed into law as quickly as possible to assuage the inconvenience Nigerians have so far endured as far as cable television is concerned. The Bill, he said, ...