PayPal introduces its own stablecoin that's pegged to the US dollar

Almost three years after PayPal started supporting cryptocurrency for all US accounts, the fintech company has launched its own stablecoin that’s pegged to the US dollar. PayPal USD, the payment processor said, is “100 percent backed by US dollar deposits, short-term US Treasuries and similar cash equivalents.” The company first confirmed that it was “exploring a stablecoin” back in January last year after a developer found code and images for a “PayPal Coin” in its app. It said back then that it will work with relevant regulators “if and when [it] seek[s] to move forward.”

In its announcement, PayPal explained that its coin is a token issued on the Ethereum blockchain by the Paxos Trust Company, which is subject to the regulatory oversight of the New York State Department of Financial Services. The company also obtained a BitLicense, or a business license of virtual currency activities, from the NYDFS in June 2022. 

Users can buy and sell PayPal USD coins for $1 each. They can send the coins to other users as payment or use them to purchase goods and services by selecting the option during the checkout process. They can also transfer PayPal USD to compatible external wallets or convert other cryptocurrencies in their account to and from the stablecoin. 

As Reuters notes, authorities previously thwarted attempts by major companies to introduce stablecoins of their own. Meta, for instance, spent two years trying to launch a stablecoin, but the project collapsed after repeated delays due to regulators’ concerns that it could be used for money laundering and other nefarious purposes. Ian Katz, managing director of Capital Alpha Partners, told Reuters that PayPal USD could soon attract the attention of the Federal Reserve and the Securities and Exchange Commission. For now, PayPal is focusing on rolling out the new currency and all the things people can do with it in the US.

This article originally appeared on Engadget at https://www.engadget.com/paypal-introduces-its-own-stablecoin-thats-pegged-to-the-us-dollar-091019012.html?src=rss

John Dean Spots Potential Witness Who Could Give Trump ‘Deep Problems’

They’d be a “powerful” and “remarkable star witness,” said the key figure in the Watergate scandal that brought down President Richard Nixon.

NASA regains contact with Voyager 2 after it went dark for two weeks

NASA has reestablished connection with Voyager 2 after a tense two weeks of not hearing anything from the probe. On July 21st, the agency lost contact with Voyager 2 following a series of planned commands that mistakenly pointed it two degrees away from our planet. While it is scheduled to automatically reset its orientation on October 15th, it’s not surprising that NASA scientists didn’t just wait for that date to know whether the spacecraft is still running. Voyager 2 was launched way back in 1977, and it’s one of the only two probes sending us back valuable data on interstellar space. 

For a few days after July 21st, NASA wasn’t even sure what the spacecraft’s condition was. It wasn’t until August 1st that multiple ground antennas from the Deep Space Network (DSN) were able to detect a carrier signal from the probe. A carrier signal is what a spacecraft uses to beam data back to the ground, but NASA said the one DSN detected was too weak to be able to transmit any information. Still, it was enough to confirm that Voyager 2 was still working and that it hadn’t deviated from its trajectory. 

Instead of simply waiting for October, Voyager’s ground team decided to take action. They concocted a plan to “shout” a command to the spacecraft across over 12.3 billion miles of space using the DSN, telling it to turn its antenna back to Earth. The whole process illustrated just how vast outer space truly is: It took 18.5 hours for that message to reach the probe, and another 18.5 hours for NASA to start receiving science and telemetry data again, indicating that Voyager 2 had received the command. 

This isn’t the first time NASA has had issues with the spacecraft. In 2020, it had to provide tech assistance from billions of miles away after it tripped a system that shut off its scientific gear to conserve electricity. Voyager 2 entered interstellar space — that means it exited the plasma bubble created by our sun — back in 2018, becoming the second human-made object to do so after Voyager 1. Although NASA believes that both Voyager 1 and 2 could remain in contact with the DSN until 2036, it also says that “science data won’t likely be collected after 2025.” The spacecraft could only be providing us information on interstellar space for less than two years, so it stands to reason that scientists don’t want to waste a single day it can send data back to Earth. 

This article originally appeared on Engadget at https://www.engadget.com/nasa-regains-contact-with-voyager-2-after-it-went-dark-for-two-weeks-074447578.html?src=rss

Ex-Trump Attorney Ty Cobb Blows A Hole In Latest Trump Legal Spin

The former White House lawyer used a bank robber analogy to explain why the defense doesn’t fly.

Apple's 15-inch MacBook Air M2 models are up to $200 off right now

It’s early August and that means the back-to-school season is closing in on us fast. For those looking to invest in a new laptop for the upcoming semester, Amazon has a sale on the latest 15-inch MacBook Air that brings many models down to their lowest price yet. At the time of writing this, every color of the 256GB MacBook Air M2 is $200 off and down to $1,099, and the 512GB model in starlight is also $200 off and down to $1,299. Regardless of the size you get, the Air M2 is one of our favorite laptops at the moment, and it’s even better when you can grab it on sale like this.

The 15-inch MacBook Air takes everything we loved about the 13-inch model and make it just a little bit bigger. Like it’s smaller sibling, the 15-inch laptop has impressive performance thanks to Apple’s M2 chipset, a comfortable keyboard and trackpad and a battery life that exceeded the 18 hours that the company promised in our video playback testing.

The bigger screen has a 2,880 x 1,864 resolution, but it shares the same pixels per inch (224) as that of the 13-inch version. Although it’s not a mini LED display like you’ll find on the MacBook Pros, it’s still a lovely Liquid Retina panel with 500 nits of brightness and a 60Hz refresh rate. The extra screen space will definitely come in handy in a lot of different workflows, and since the 15-inch MacBook Air is nearly as thin and light as the 13-inch model, it’s remains quite portable.

The biggest gripe with the 15-inch Air that we should call out, especially now, is that Apple’s M2 chipset is one year old at this point and there’s a possibility that we see new, M3-powered Macs debut this fall. This time of year, it’s worth waiting to pick up a Mac if you absolutely must have the latest and greatest. However, it’s likely that Apple will not retire the M2 MacBooks even if it launches M3 machines in the fall; the company currently sells the M1 MacBook Air alongside the M2 laptops, so we expect the M2 machines to stick around for a while even after the latest devices come out.

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This article originally appeared on Engadget at https://www.engadget.com/apples-15-inch-macbook-air-m2-models-are-up-to-200-off-right-now-135843112.html?src=rss

Former Vice President Mike Pence Meets GOP Primary Debate Qualifications

The Aug. 23 Republican presidential candidate debate will be hosted by Fox News, which first reported that Pence reached the donor threshold.

Apple Music will help you find new songs and artists with Discovery Station

Apple has quietly launched a new feature for its music streaming service that could help you expand your playlists and find new artists to listen to. It’s a personalized radio station called “Discovery Station,” which picks the songs it thinks you’d be into from Apple Music’s catalog. As Apple Insider notes, the tech giant’s music service hasn’t gone all in on algorithmic recommendations like Spotify, which has several playlists that can generate mixes based on your listening habits. 

An Apple spokesperson told us that Discovery Station will only play music you haven’t played on the service before from both familiar artists and potentially unfamiliar ones it thinks you might like. And since its main purpose is to help you discover new music, it will never play the same song twice and will play continuously until you stop it. Like other playlists that use algorithms to recommend tracks, Discovery Station also bases its suggestions on your activity and will keep changing as your taste evolves. 

The feature is now live around the world. If you’re an existing subscriber, you can access it by going to your Listen Now page and checking out the Stations for You section. If you don’t have a subscription, it will cost you at least $5 a month in the US for an audio-only plan or at least $11 a month if you want access to Apple Music’s video programming and other features, such as lossless audio and Dolby Atmos. 

This article originally appeared on Engadget at https://www.engadget.com/apple-music-will-help-you-find-new-songs-and-artists-with-discovery-station-051205049.html?src=rss

Fox News’ Brit Hume Gives Trump-Loving Commentator A Brutal Fact-Check

The longtime Fox News host offers a reminder on a “failed presidency.”

The Amazon Fire TV Stick 4K Max is back on sale for $27

Amazon is running another sale on its Fire TV Stick media streamers, with the Fire TV Stick 4K Max available for $27. We’ve seen the 4K streaming stick fall as low as $25 in recent weeks, but this deal is still roughly $20 below the device’s average street price. The standard Fire TV Stick is also on sale for $25, but since the Max brings a performance boost for only a couple dollars more, we recommend getting the higher-end model instead.

Though it’s a couple years old, the Fire TV Stick 4K Max is still relatively fast to load menus and switch between apps. Its remote has Alexa support baked in, so it can tie neatly into other Alexa-compatible smart home devices. It supports just about all the major streaming services and HDR standards, as well as Dolby Atmos audio. Unlike the base Fire TV Stick 4K, it also includes a WiFi 6 radio, though you’ll need a compatible router and a particularly fast internet connection to see any advantage from that.

The main caveat, as with most Fire TV devices, is software. Compared to similarly-priced streamers from Roku and Google, Amazon’s Fire OS is generally more aggressive about displaying ads on the home screen and nudging you toward the company’s own services throughout the UI. You’ll get the most out of it if you already use services like Prime Video on a regular basis. There’s also no support for Google Cast (unlike Google’s Chromecast) or Apple AirPlay (unlike various Roku streamers). 

We broadly recommend the Roku Streaming Stick 4K and Google Chromecast to most people in the market for an affordable streaming stick for those reasons. Right now, though, both of those devices cost about $20 more. If all you need is a cheap and quick way to get more streaming apps on your TV, the Fire TV Stick 4K is still a fine value at this price.

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This article originally appeared on Engadget at https://www.engadget.com/the-amazon-fire-tv-stick-4k-max-is-back-on-sale-for-27-141556027.html?src=rss

Wayne Brady Comes Out As Pansexual

“I took pan to mean that not only can I be attracted to any of these people or types physically, but I could be attracted to the person that is there.”