Payments company PayPal announced the launch of PayPal USD (PYUSD), a stablecoin denominated in US dollars and backed 100 % by US dollar deposits, short-term US Treasury bonds and similar cash equivalents.
According to the payment services firm, PayPal USD is redeemable 1:1 for US dollars and will…
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United States
The US will increase quarterly debt issuance after Fitch’s rating downgrade
The United States Department of the Treasury has announced that it plans to issue 103,000 million dollars (93,784 million euros) in long-term debt to repay the approximately 84,000 million dollars (85,590 million euros) in bonds maturing on…
Fitch strips the US of its “AAA” rating
The credit rating agency Fitch Ratings has lowered the long-term debt solvency rating of the United States one notch, which now stands at 'AA+' from 'AAA' with a stable outlook, as a reflection of the expected fiscal deterioration over the…
US oil reserves fall about 17 million barrels
The US Energy Information Agency (EIA) revealed that commercial oil reserves in the United States suffered a spectacular drop of 17 million barrels during the week ending July 28. This reduction is much greater than what the market expected…
The SEC asked Coinbase not to trade any other cryptocurrency apart from bitcoin
The United States Securities and Exchange Commission (SEC) urged the crypto asset exchange platform Coinbase to cease trading any other cryptocurrency besides bitcoin before proceeding in early June to sue the company for operating as an…
Barbie and Oppenheimer continue to impact world cinema
The Warner Bros. movie "Barbie" is making a splash in theaters across the United States and Canada, pulling in an impressive $93 million in gross over the weekend, according to reports from Exhibitor Relations, a film industry trade body. .…
Binance.US is now accused of committing “wash trading”
Binance.US, the US arm of the renowned global cryptocurrency platform Binance, is in the midst of serious wash trading allegations brought by the US Securities and Exchange Commission (SEC). This practice consists of an entity carrying out…
The FED fines Deutsche Bank 186 million euros
The Federal Reserve of the United States (Fed) has fined the Deutsche Bank group, its division in New York and other subsidiaries in the country with 186.4 million dollars (166.7 million euros) after concluding that the German entity did…
Technology companies commit to generating safe content created by AI
Washington called on representatives from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, as well as OpenAI, to commit to working for the creation of secure and transparent content based on artificial intelligence.
In the midst of…
YouTube Premium raises the price of the monthly subscription in the US
Google raised the price of its subscription to YouTube Premium in the United States, where users of this service now have to pay two dollars more, from 11.99 to 13.99 dollars.
YouTube Premium is a paid service that allows users to access…
Yellen does not believe there is a recession in the United States
The United States Treasury Secretary, Janet Yellen, indicated this Sunday in India during her meeting with the G20, that the country's economy is showing a good change, so she does not believe that they will enter a recession.
Speaking to…
Armstrong meets in Washington to discuss the future of cryptocurrencies
Brian Armstrong, CEO of the Coinbase cryptocurrency platform, is planning a major trip to Washington for meetings with US lawmakers.
The leader of the main cryptocurrency exchange in the United States is scheduled to meet confidentially…