PayPal’s US dollar-pegged stablecoin, PayPal USD, has surpassed $1 billion in total market capitalization, according to data from CoinMarketCap. Launched in 2023, PayPal USD (PYUSD) is backed 1:1 by US dollars and is issued by Paxos Trust Company, a US-regulated crypto custodian. It competes with other regulated, dollar-backed stablecoins such as Circle Internet Financial’s USD Coin (USDC).

PayPal’s PYUSD stablecoin hits $1B market cap

Defunct crypto lending platform Celsius Network is paying back billions to creditors. Last year, a US judge approved a bankruptcy plan for Celsius after it filed for bankruptcy in July 2022 when its token plummeted by 99% and it could not fulfill withdrawals. The company, dubbed “NewCo,” was granted a...

Bankrupt Crypto Lender Celsius Distributes $2,530,000,000 to Creditors

Ohio State

Business Insider

JD Vance's net worth easily totals in the millions, following a best-selling book and a stint in venture capital.

Read JD Vance's financial disclosure, which includes at least $4 million in total assets and $250,000 in bitcoin

Markets Insider

There is talk of an emergency rate cut from the Fed following Monday's market meltdown, as Japan recovered most of its losses on Tuesday.

Markets are rebounding after Monday's massive meltdown, making rate decisions harder for the Fed

Cryptocurrency exchange Kraken must face a lawsuit brought against it by U.S. regulators, a federal judge ruled Friday. The lawsuit, filed last November in the U.S. District Court for the Northern District of California, alleges Kraken operated as an unregistered securities exchange‌, according to court filings. The ruling puts an end to Kraken's slew of efforts to get the lawsuit dismissed.

SEC Lawsuit Against Kraken Can Move Forward, Judge Rules

New York-based financial giant BlackRock has warned about cryptocurrency scams. Financial behemoth BlackRock has issued a warning about cryptocurrency-related scams on its social media account. "We urge caution in dealing with individuals, websites or social media platforms using our brand and offering training or investments," BlackRock said. BlackRock has stressed...

BlackRock Issues Major Crypto Warning

Georgia State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Daily Coffee Press

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

Appling County, GA

A 40-year-old man from Appling County, Christopher Eric Stone, with a significant criminal history, was recently sentenced to over five years in prison after pleading guilty to possession of methamphetamine with intent to distribute, according to officials from the Department of Justice.

Georgia Man Sentenced to Over 5 Years for in Federal Prison for Meth Distribution

The U.S. Securities and Exchange Commission (SEC) announced on August 26 that it had filed settled charges against Plutus Lending LLC, doing business as Abra, for allegedly failing to register the offers and sales of its retail crypto asset lending product, Abra Earn. The SEC also alleges that Abra operated as an unregistered investment company.

Abra Settles With U.S. SEC Over Alleged Sales of Unregistered Crypto Securities

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Shiba Inu 1.28 Trillion in 24 Hours: SHIB Is Back?

Buenos Aires high schools will start offering blockchain internships on August 27. ETH Kipu will train 500 students in Solidity and prepare 30 instructors. Argentina’s high inflation drives strong local engagement with digital assets. In a groundbreaking move to advance blockchain education, Argentina’s Ministry of Education has partnered with...

Argentina’s Ministry of Education adds Ethereum to high school curriculum

Ripple Celebrates Another SEC Loss: Details

Denver, CO

David Heitz

Providers of Denver’s traditionally homeless have been finding unhoused migrants in their lines, too, in search of everything from diapers to shampoo. An organization that for decades has provided services to Denver’s unhoused, Haven of Hope, may land a $6 million contract to administer the Denver Asylum Seekers Program for the migrants.

Denver postpones vote on $6M contract for migrant program with homeless services provider

An unexpected twist emerged on-chain when, according to data from Whale Alert, 30,000 BTC, a colossal sum equivalent to $1.88 billion at current prices, was transferred to the world's largest crypto exchange, Binance. Thus, from address "3E97A" were initially sent 75177.38 BTC, which is worth $4.73 billion, to two other...

Mysterious $1.88 Billion Bitcoin Transfer Stuns World's Largest Exchange

Corinth, MS

Joshua Colston, a 50-year-old resident of Corinth, Mississippi, has been sentenced to 48 months in federal prison for illegally possessing firearms while traveling through Georgia.

Man Sentenced to 48 Months for Illegal Firearms Possession while traveling through Georgia

Florida State

Jacksonville, FL

Jacksonville Today

Jacksonville Sheriff T.K. Waters said he will consider more DUI patrols if voters legalize recreational marijuana use in Florida. Voters will consider Amendment 3 in November. It would allow adults 21 or older to possess, purchase or use marijuana products and marijuana accessories for non-medical purposes.

More DUI patrols possible if marijuana issue passes

Wyoming State

Cheyenne, WY

WyoFile

WHITE MOUNTAIN—“That’s a lot of horses,” lamented Cheyenne resident Robyn Smith from a high-desert ridgeline. It wasn’t her first exasperated exclamation. “Argh, oh crap,” was her immediate reaction to learning a federal judge had given the Bureau of Land Management the OK to proceed with plans to fully remove two wild horse herds from the landscape in southwest Wyoming.

BLM wins two lawsuits, clearing way for elimination of two Wyoming wild horse herds

Shiba Inu (SHIB) is launching a DAO to give holders a voice in governance. The DAO will feature two councils: Charity and Culture & Heritage. SHIB’s price is down 82.4% from its 2021 peak, despite growing real-world use. Shiba Inu (SHIB), the leading meme coin and the 13th-largest cryptocurrency...

Shiba Inu unveils plans for a Decentralized Autonomous Organization

The Motley Fool

XRP's price could soar once it resolves its biggest near-term challenges.

The Ultimate Cryptocurrency to Buy With $1,000

Coinbase CEO Brian Armstrong is still convinced that cryptocurrency payments will eventually gain traction during this decade. "It's funny to look back on how I thought payments was going to be the first killer app for crypto, and it turned out trading was the best business in crypto for the first 10 years," he said in a social media post.

Coinbase CEO Predicts Crypto Payments Will Eventually Take Off

NewsBreak

Celsius repays two-thirds of its creditors

Celsius has repaid $2.53B to 251,000 creditors, covering 84% of the debt. 121,000 creditors still haven’t claimed their funds, many due small amounts. Former CEO Alex...

Celsius repays two-thirds of its creditors

Comments / 0