LeBron still believes as Lakers head for playoff exit
LeBron James refused to concede defeat on Saturday after the Los Angeles Lakers slumped to a playoff loss to Denver that leaves them needing to rewrite...
2023-05-21 14:54
Affirmative action for white people? Legacy college admissions come under renewed scrutiny
In the wake of a Supreme Court decision that removes race from the admissions process, colleges are coming under renewed pressure to put an end to legacy preferences, the practice of favoring applicants with family ties to alumni
2023-07-01 12:26
Canada wildfire: Yellowknife evacuees turned away from full flights
Thousands of residents desperate to flee Yellowknife are told to return on Friday as planes fill up.
2023-08-18 10:03
Jets, Rodgers receive plenty of marquee spots as networks navigate NFL schedule process
Aaron Rodgers nearly upended the NFL schedule two years ago when he told some within the Green Bay Packers organization that he didn’t want to return to the team
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
Is Caldera Coming to Warzone Mobile?
Although there is no confirmation regarding Warzone Mobile's full map loadout, Caldera will most likely not be included in the game's release.
1970-01-01 08:00
Pfizer plans to raise $31 billion from debt offering to finance Seagen takeover
Pfizer Inc said on Tuesday it plans to raise $31 billion from a debt offering to finance its
2023-05-17 07:29
Tottenham standing firm on Harry Kane amid interest from Bayern Munich
Tottenham have no intention of selling Harry Kane this summer, the PA news agency understands. The club’s record goal-scorer is approaching the final 12 months of his contract and reports on Tuesday indicated Bayern Munich had bid 70million euros plus add-ons for the England captain. PA understands Spurs have not received an official offer from the Bundesliga champions and any bid would be immediately rejected. Tottenham’s stance on Kane remains consistent with the last few transfer windows despite continued interest in the 29-year-old, who was heavily linked with a move to Manchester City in 2021. Kane subsequently stayed with his boyhood team and broke the club’s all-time scoring record in February with the winner against Pep Guardiola’s side. It saw Kane move beyond Jimmy Greaves’ tally of 266 goals for Spurs, which had stood since 1970. The next target in Kane’s sights is Alan Shearer’s record Premier League haul of 260 goals. After a fine individual campaign in which Kane scored 30 goals, despite the north London club finishing eighth and having three head coaches, the forward is now only 48 away from passing Shearer’s tally. Discussions between Spurs and Kane’s camp over a new contract were set to be pushed back until the end of the 2022-23 campaign, but the club are yet to appoint a director of football and Kane’s own season only finished on June 19 following England commitments. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-06-27 21:15
At least 15 dead in Canada highway collision
The semi-truck involved in Thursday's accident with a bus that killed 15 people in Manitoba, Canada, had the right of way at the time of the incident, according to the Royal Canadian Mounted Police.
2023-06-17 07:02
Oligopolies Curb Nigeria’s Efforts to Tame Inflation, Study Says
Reforms are needed in Nigeria to increase competition and reduce the ability of large and dominant firms to
2023-09-01 15:13
Erdogan to visit Budapest next month as Turkey and Hungary hold up Sweden's membership in NATO
Turkish President Recep Tayyip Erdogan will visit Hungary’s capital next month
2023-11-28 21:35
Afghanistan's World Cup wins years in making, through 'good times and bad'
Afghanistan captain Hashmatullah Shahidi has insisted his side's World Cup wins have been the product of sustained effort, however much they have surprised the rest...
2023-10-29 18:43
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