FinTech

[unable to retrieve full-text content]CoinspeakerPayPal Launches Its Native Stablecoin PayPal USD (PYUSD) PayPal assures its users that PYUSD is fully backed by USD, reserve with funds supporting the stablecoin, while addressing concerns about issuing unbacked tokens. PayPal Launches Its Native Stablecoin PayPal USD (PYUSD)

Global payments giant PayPal has deepened its footsteps into the crypto industry by launching a dollar-backed stablecoin dubbed PayPal USD (PYUSD). The move makes PayPal one of the first large U.S. financial companies to launch its own stablecoin despite regulatory uncertainty around crypto assets in the country.  As a USD-pegged stablecoin, PayPal USD maintains a fixed value to the U.S. dollar, and it will be issued by the popular white-label stablecoin maker Paxos Trust...

[unable to retrieve full-text content]CoinspeakerSoftBank Group May See Profit after Vision Fund Lost $48B Analysts expect that the Vision Fund investment arm of SoftBank Group turned a profit and might announce as much in its upcoming report. SoftBank Group May See Profit after Vision Fund Lost $48B

[unable to retrieve full-text content]CoinspeakerIraq Suspends Telegram Messaging App Due to National Security Concerns The Iraqi Ministry of Communication also emphasized its respect for its citizens' right to freedom of expression and communication, but stated that it cannot be at the expense of national security. Iraq Suspends Telegram Messaging App Due to National Security Concerns

Bitcoin is getting very popular in Palestine and particularly in the Gaza Strip, the big reason being that PayPal has decided not to offer its services in this corner of the world. Palestine and BTC Get Close as PayPal Drives Away The reason PayPal isn’t setting foot in Palestine is because of the alleged dangers that stem from endless conflict with its geographic neighbor Israel. At least 12 congressmen, at the time of writing, have signed a proposal supporting...

[unable to retrieve full-text content]CoinspeakerRevolut to Close US Crypto Services Due to Uncertain Regulatory Position From October 3, customers in the US will no longer be able to use Revolut to buy, sell, or hold any cryptocurrencies. Revolut to Close US Crypto Services Due to Uncertain Regulatory Position

[unable to retrieve full-text content]CoinspeakerPayPal (PYPL) Shares Fall 7% as Q2 2023 Report Disappoints Investors Despite investor disappointment, CEO Dan Schulman is confident that Q2 2023 shows that PayPal is on the right path to growth. PayPal (PYPL) Shares Fall 7% as Q2 2023 Report Disappoints Investors

[unable to retrieve full-text content]CoinspeakerUber Shares Plummet over 5% Following Q2 2023 Operating Earnings Report Uber reported record profits and milestones in the second quarter of 2023, with significant improvements in earnings per share, operating income, and EBITDA, as well as a substantial increase in trips and food delivery orders. Uber Shares Plummet over 5% Following Q2 2023 Operating Earnings Report

[unable to retrieve full-text content]CoinspeakerDoorDash Joins AI Frenzy with Creation of AI-driven Chatbot DoorDash's deployment of an AI-based chatbot is just one of the recent additions and service offerings the company has introduced to enhance its food delivery platform. DoorDash Joins AI Frenzy with Creation of AI-driven Chatbot

[unable to retrieve full-text content]CoinspeakerSamsung Launches Range of New Devices Including Foldable Smartphones and Galaxy Smartwatches The new foldable smartphones are thinner, faster, and generally better than their predecessors, according to Samsung. Samsung Launches Range of New Devices Including Foldable Smartphones and Galaxy Smartwatches