San Francisco-based cross-border payments company Ripple announced on Friday that it had begun testing its USD-backed stablecoin on its native blockchain, XRP Ledger, and the second largest crypto network, Ethereum (ETH). Ripple revealed earlier this year that it would launch its own stablecoin as it forays into the $160 billion...

XRP Set For $160 Billion Market Shake-up As Ripple Kicks Off Testing Of Its Much-Hyped Stablecoin

Ripple's top executive explains hurdles companies may face while making gold-backed digital assets. 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.

Ripple CTO Speaks Out Against Making Gold-Backed Digital Asset

The United States Commodity Futures Trading Commission (CFTC) announced that a whistleblower who assisted the financial regulator in an enforcement action “connected to digital asset markets” would receive a $1 million reward. In an Aug. 8 notice, the CFTC said it had brought an enforcement action against a...

CFTC announces $1M award for crypto whistleblower

Cryptocurrency markets have certainly experienced their share of ups and downs. The early 2020s saw an unprecedented boom, bringing a wave of new investors into the space. This period of rapid growth coincided with the surge in non-fungible tokens (NFTs), which, despite their initial hype, added a layer of complexity and skepticism to the market.

What’s Next for Crypto in 2025? Insights From Investor Steve Streit

UPI News

Hargreaves Lansdown announced Friday that it agreed to a $6.9 billion takeover offer from a consortium of private investors including CVC Group, Abu Dhabi's sovereign wealth fund and Nordic Capital.

Hargreaves Lansdown agrees to $6.9 billion private equity takeover

According to an article by Spencer Jacob for the Wall Street Journal (WSJ), which was published earlier today, investment expert Mark Spitznagel is concerned about the potential upcoming bursting of the “greatest bubble in human history.”. Spitznagel is an American investor and hedge fund manager best known for founding...

U.S. Stock Market Warning: The ‘Greatest Bubble in Human History’ Could Be About to Burst, Claims Investment Guru

In an announcement aimed at reinforcing financial integrity and improving compliance measures with international sanctions, OKX CEO Star Xu declared that any accounts on the OKX exchange found to be interacting with Tornado Cash would be terminated. The announcement comes in response to escalating concerns about Tornado Cash, a decentralized...

OKX cracks down on Tornado Cash users with account terminations

Learn how $500 a month can grow into a sizable nest egg. Everyone would like to have $1 million. However, earning that much money is far easier said than done. Yet it can be done. Anyone can build a fantastic nest egg with the right strategy, discipline, and investments. So...

These 2 Simple ETFs Could Turn $500 a Month Into $1 Million.

The United States Internal Revenue Service (IRS) has updated its draft form for taxpayers to report digital asset transactions starting in 2026. In an Aug. 8 notice, the IRS released a draft of Form 1099-DA, “Digital Asset Proceeds From Broker Transactions.” If approved by the tax service, the form would allow US taxpayers to report crypto transactions from 2025 by the filing deadline in April 2026.

IRS updates draft of crypto reporting form for US taxpayers

Malvern, PA

The directors of crypto-friendly Customers Bancorp and its subsidiary Customers Bank, headquartered in Malvern, Pennsylvania, will polish their writing skills over the next two months in preparation for an enforcement action the United States Federal Reserve Board executed against them. Customers Bank did not do well on “recent examinations and...

Customers Bank to strengthen AML compliance after Fed scrutiny

Kentucky State

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Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

As the crypto market faces turbulence, a surprising trend unfolds quietly. Major investors, known as whales, are taking advantage of the chaos. They are amassing specific altcoins, betting on future gains. Curious about which digital currencies are poised for a potential surge? This article uncovers the altcoins getting substantial whale attention.

Amid Market Panic, Crypto Whales Are Buying – Find Out Which Altcoins They’re Accumulating

MultiversX, a non-Ethereum Virtual Machine (EVM) blockchain, has introduced MultiversX Snap for MetaMask, featuring an onchain two-factor authentication (2FA) protective feature. According to a press release shared with Cointelegraph, MultiversX Snap allows MetaMask users to connect to the MultiversX ecosystem while enhancing security measures via 2FA. MetaMask Snaps are third-party...

MetaMask users gain 2FA security via MultiversX Snap integration

The musician and mogul's firm Marcy Venture Partners may be undergoing a merger with Pendulum Holdings, a firm co-founded by Barack Obama's former financial advisor. Jay-z is reportedly making major waves in the venture capital space. The music legend and mogul’s venture capital firm, Marcy Venture Partner may be laying...

Jay-Z's Venture Capital Firm Is Reportedly Laying Plans To Deploy A Merger That Could Be Valued At $1B

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

New York State

Fiduciary Trust International said Tuesday that industry veteran Kevin F. Flood joined its New York office as a Senior Relationship Manager. Flood brings over three decades of experience in private wealth management to the team at Fiduciary Trust, a global investment firm and subsidiary of Franklin Templeton. The news came...

Fiduciary Trust Adds New Senior Relationship Manager To Its New York Office

Missouri State

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Denver, CO

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

NBC News

Wealthy investors and family offices shied away from stocks leading up to market swings this week, but many saw the drop in prices as an opportunity for tax savings and estate planning, according to wealth advisors. Private banks and wealth managers say their clients have been reducing their stock holdings...

Wealthy investors find opportunities in stock market sell-offs

NewsBreak

Franklin Templeton’s tokenized money fund launches on Arbitrum

According to an Aug. 8 announcement, Franklin Templeton is launching its tokenized money fund on the Arbitrum network in what the asset manager describes as “an...

Franklin Templeton’s tokenized money fund launches on Arbitrum

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