Ukraine dam: Thousands evacuated from ‘critical zone’ near Kakhovka plant
At least 16,000 people are at risk from flooding, says Ukraine, after an attack released a torrent of water .
2023-06-06 18:19
West Ham 2-2 Newcastle: Player ratings as late Kudos strike earns Hammers point
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2023-10-08 23:22
Czech Senate backs setting NATO spending target of 2%/GDP as law
PRAGUE The Czech parliament's upper house approved a bill on Wednesday that will set the state's minimum defence
2023-05-31 22:22
US beats Hungary, Canada tops Slovenia at ice hockey worlds
The United States had to come from a goal down to outclass newcomer Hungary 7-1 for its second win at the ice hockey world championship
1970-01-01 08:00
PayPal launches dollar-backed cryptocurrency
PayPal has launched a new cryptocurrency that is tied to and backed by the US dollar. PayPal USD, issued by Paxos Trust Company, is a type of digital currency called a stablecoin, which differs to other cryptocurrencies like bitcoin as their values are tied to traditional fiat currencies like dollars, pounds or euros. “The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar,” said PayPal chief executive Dan Schulman. “Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD.” The new crypto token will roll out first to US PayPal customers, offering the ability to send and transfer PayPal USD to other people, as well as fund purchases when checking out at online stores. The new cryptocurrency comes at a time of increased scrutiny at the crypto industry, with regulators looking to avoid a repeat of the TerraUSD stablecoin collapse that wiped tens of billions of dollars from markets in 2022. The TerraUSD token was also pegged to the US dollar, however unlike PayPal USD it was not backed up by any dollar reserves. Instead, it used a partner cryptocurrency to maintain its value algorithmically, which ultimately caused both cryptocurrencies to crash in tandem. Other companies have also attempted to launch stablecoins, including Facebook’s Libra project, which was shut down last year after facing push back from regulators. The US House Financial Services Committee has since advanced a bill aiming to set up a federal framework for stablecoins in order to integrate them into modern payment systems. “We are currently at a crossroads to keep America at the forefront of digital asset innovation,” US Representative Patrick McHenry, who chairs the committee, said in a statement following PayPal’s announcement. “Congress is making significant, bipartisan progress on legislation to ensure the US leads the financial system of the future.” Read More What is Elon Musk’s ‘everything app’ X? Kenya suspends eyeball-scanning crypto worldcoin
2023-08-08 19:20
Capitals hold off Kings 2-1 to snap LA's winning streak at 5
Anthony Mantha and Connor McMichael each had a goal and an assist and the Washington Capitals beat Los Angeles 2-1 on Wednesday night to end the Kings’ winning streak at five games
2023-11-30 14:16
Pharmatech Associates Showcases Strategic Program Development for Drug Sponsors and Innovators at CPHI Barcelona 2023
BARCELONA, Spain & HAYWARD, Calif.--(BUSINESS WIRE)--Oct 24, 2023--
2023-10-24 13:03
‘Selling the OC’ Season 2: New agent Alexandra Harper juggled 3 jobs and drove for Uber Eats
Alexandra Harper, a native of Nashville, will join the team as an aspiring agent seeking to break into the cutthroat real estate industry
2023-09-08 14:00
Morocco country profile
Provides an overview of Morocco, including key dates and facts about this north African country.
2023-06-20 16:15
Insider Q&A: AbleGamers founder Mark Barlet on the importance of making gaming accessible
Mark Barlet founded AbleGamers in 2004
2023-10-23 19:35
Malaysian duo win marathon 211-shot rally at Masters
Thinaah Muralitharan threw her racket in the air and Pearly Tan got down on all fours to catch her breath after the women's doubles duo survived a 211-shot rally at the Malaysia Masters badminton tournament on Thursday.
2023-05-26 18:21
UK Home Asking Prices Post Biggest November Fall in Five Years
Asking prices for UK homes recorded the biggest November decline in five years as more sellers accepted the
2023-11-13 08:01
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