List of All Articles with Tag 'person'

Italy's hopes of reaching the Rugby World Cup quarter-finals for the first time suffered a significant blow on Tuesday as highly-rated back Tommaso Menoncello was ruled out due...

Tesla Inc. has a long history of promoting talent from within. Outside hires don’t last for very long

By Angelo Amante, Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy dealt a surprise blow to its banks and sent

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

Tottenham announce Micky van de Ven transfer.

Months after access to a popular children’s book about a male penguin couple hatching a chick was restricted at school libraries because of Florida’s so-called Don’t Say Gay law, a central Florida school district says it has reversed that decision

Inez Ruppercht was a former Lufthansa flight attendant, artist, and one-time gallery owner

'There's nothing I can say to change anyone's mind when you have that kind of a tidal wave,' Chris Noth said

90min rank the top 90 best players in the Premier League ahead of the 2023/24 season.

Rasmus Hojlund has explained that Cristiano Ronaldo's "mentality" is the reason the ex-Manchester United and Real Madrid superstar is his footballing idol.

The former Fifth Harmony star is planning a "new era" in her solo career.

Ed Sheeran finds AI "weird" and cannot understand why people would want robots to leave humans jobless.