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PDRN skin care: What the science really says about 2026’s hottest ingredient
For the second article in Cosmetics Business’ ‘Bench to bottle’ series, Rinki Pramanik investigates the science behind PDRN, and if this trending ingredient is just an attractive INCI name, or offers meaningful results
Fabregas: “This was our best performance since I’m here.”
Cesc Fabregas spoke to Dazn after the 0-0 draw against Roma. The Como coach commented on the match: “We are two attacking, proactive teams. A 0-0 is unusual; the red card changed the game. To play a...
Multiple Names On Lions’ Week 5 Inactive List
It’s going to be a critical matchup for the Detroit Lions on Sunday afternoon, as they visit the Arizona Cardinals with their sights set on improving their record to 3-2 after dropping last week’s contest to the Carolina Panthers.The Lions remain without several key players, who are injured and unavailable, including the likes of Brian […] The post Multiple Names On Lions’ Week 5 Inactive List appeared first on HEAVY.
Patriots’ short-handed receiver room delivers in win over Raiders
New England had just four active wide receivers Sunday.
Arizona Cardinals inactives: Marvin Harrison sits in Week 5
As reported, Marvin Harrison Jr. is inactive against the Lions pending a trade.
49ers vs. Seahawks live updates, inactives, where to watch: Brock Purdy, Sam Darnold meet in divisional round rematch
49ers inactive list: Ephesians Prysock will make his NFL debut
The 49ers are thin at safety today against the Seahawks.
Rock Ya-Sin Out as Lions Announce Cardinals Inactives
The Lions are down a cornerback in Arizona, and the Cardinals held out a bigger name. #Lions
Broncos vs. Chargers gameday inactives for Week 5
The Denver Broncos will be down both their starting cornerbacks for this game against the Los Angeles Chargers. They also activated defensive lineman Sai’vion Jones instead of Jordan Jackson. The defense is going to be stressed, but fortunately they are facing a team that is down a lot of starters on the offensive side of […]
Week 5 inactives for Bears
Chicago declares six players inactive versus Green Bay
Colts Week 5 Gameday Roster, Inactives vs. Steelers
Check out the Indianapolis Colts' gameday roster for Week 5 against the Pittsburgh Steelers.
Packers Week 5 Inactives: Kevin Zeitler to make his debut
Meanwhile Caleb Williams is inactive for Chicago, as expected.
Week 5 inactives for Vikings
Minnesota declares seven players inactive versus New Orleans
Vikings Week 5 inactives: Who's in, who's out?
Inactives have dropped for the Vikings' Week 5 matchup with the Saints.
Ja'Marr Chase to play in Week 5
Ja'Marr Chase will be active against Miami
Week 5 inactives for Eagles
Philadelphia declares six players inactive versus Jacksonville
UConn Football Alum to Be Active For First NFL Game
Joe Fagnano is going to get his first shot to be active for an NFL game.
Palmer signs new Chelsea contract until 2034
Cole Palmer signs a new Chelsea contract on improved terms until 2034, one of the longest active deals in the Premier League.
Halloween-themed science exhibit in Pocatello seeking volunteers
POCATELLO – An annual science exhibit that offers students a fun, spooky-themed, hands-on learning experience needs more volunteers to staff it. The 2026 Haunted Science Laboratory, a family-friendly, interactive science exhibit full of interactive demonstrations, will have its public day on Oct. 24, but field trips will begin on Thursday, Oct. 15. With this day […]
DOL Prevails in Circuit Court Appeal Over Diverted Contributions, Unpaid Health Claims
The US 5th Circuit Court of Appeals affirmed a Louisiana district court’s decision to grant summary judgment on claims a company president breached his fiduciary duties.
Promising Entertainment Stocks To Watch Now
Verizon Communications, Spotify Technology, Walt Disney, Roblox, Take-Two Interactive Software, SEA, and GameStop are the seven Entertainment stocks to watch today, according to MarketBeat's stock screener tool. Entertainment stocks are shares of publicly traded companies involved in producing, dis
6 Outdoor Sports to Enjoy With Your Dog
Explore active vacations that let you paddle, surf, hike and ski alongside your pup
Meet the three inspiring speakers for the Power of Fearless event
The Business Record’s Fearless initiative started with a goal to empower Iowa women to succeed in work and life. In the six years since our launch, we’ve seen the true power of Fearless. On Oct. 22, the Business Record will celebrate the Power of Fearless at our annual event. Event attendees will be active participants…
Ace Combat 8 players in Japan are affectionately headcanoning its ace pilot protagonist as a helpless "airhead" outside the cockpit, thanks to clumsy story moments and awkward QTEs
In ACE COMBAT 8: WINGS OF THEVE, players take on the role of silent protagonist Rex, an ace pilot who racks up impressive achievements in aerial combat. However, a popular headcanon has recently been making the rounds among Japanese Ace Combat players, proposing (affectionately) that outside of the cockpit, Rex is actually a complete airhead. The idea was fueled by how the game’s interactive scenes work as well as certain moments in the story, with Rex gradually becoming the fandom’s beloved anemic baby. Note that this article discusses some details of Ace Combat 8’s main story. Ace Combat 8 is set in the franchise’s shared fictional world of Strangereal. In […]
White House Invites Alpha1 AI Founder Shubham Pandey to Science Summit
Alpha1's participation highlights its work connecting AI and SI (super intelligence)-powered learning with interactive enterprise problem-solving through Spark, Scholar and Resolve.
White House Invites Alpha1 AI Founder Shubham Pandey to Science Summit
Alpha1's participation highlights its work connecting AI and SI (super intelligence)-powered learning with interactive enterprise problem-solving through Spark, Scholar and Resolve.
Buccaneers vs. Cowboys live updates, inactives, news: Dak Prescott, CeeDee Lamb host UDFA rookie Jalon Daniels & Co. on 'Thursday Night Football'
Patriots reportedly made two signings in Thursday's roster moves
The Patriots have reportedly signed safety Mike Brown to the active roster and edge rusher Jose Ramirez to the practice squad.
Celebrate Science Indiana returns to State Fairgrounds with hands-on STEM festival
Celebrate Science Indiana returns to the Indiana State Fairgrounds on Oct. 10 with free STEM activities and over 50 interactive booths.
Purdue's College of Veterinary Medicine and One Health Innovation District expansion aims to strengthen workforce pipeline
The dean of Purdue University’s College of Veterinary Medicine says the development of the One Health Research Institute could help address the industry’s labor shortage. Dr. Bret Marsh says the effort is part of a larger statewide push to increase workforce retention. “It’ll be attractive to students, faculty, and staff,” he says. “We’re looking at the potential for […]
Eagles’ Pass Rusher Emerges as Potential Trade Candidate Before Deadline
The Philadelphia Eagles and general manager Howie Roseman have never shied away from being active in NFL trade discussions. Over the years, Roseman has had one of the more aggressive mindsets in the trade market. With the 2026 NFL trade deadline coming up after Week 9, it would not be surprising to hear the Eagles […] The post Eagles’ Pass Rusher Emerges as Potential Trade Candidate Before Deadline appeared first on Gridiron Heroics.
Supercharged Entertainment New Jersey, The World's Largest Indoor Multi-Level Karting Track, Launches Time Mission - An All-New Interactive Adventure
/PRNewswire/ -- Supercharged Entertainment New Jersey, the world's largest indoor, multi-level karting track and premier entertainment destination, yesterday...
FCM Travel Launches Proactive Analytics Tool
New capability said to monitor travel programs around the clock
Atrium Health’s plan contested by state treasurer for legality
(The Center Square) – Nearly 750,000 teachers, state employees, retirees, lawmakers active and retired, and members of higher education on Tuesday learned Atrium Health’s Affordability Protection Program would help provide
‘Hellraiser: Revival’ Review: A Sadistic Flesh-Ripping Horror Shooter That Understands Clive Barker
Saber Interactive nails the 'Hellraiser' experience with satisfyingly brutal combat and depraved visuals that will no doubt please fans.
AirPods 5 vs. AirPods Pro 3: I’ve Listened to Both Earbuds, and This Pair Wins
The latest AirPods 5 have enhanced active noise canceling and a more functional design, but how do they stack up to Apple’s flagship pair? Here are the key differences.
Crunchyroll dedicated hub announced for PS5
Sony Interactive Entertainment and Crunchyroll will release a dedicated anime hub for the PlayStation 5 home screen in spring 2027, the companies announced.
NJ Health Commissioner Dr. Raynard Washington Leads Cooking Class at Harvest
New Jersey Health Commissioner Dr. Raynard E. Washington joined RWJBarnabas Health at Harvest: A Farm to Community Center where we joined a wonderful group of seniors for an interactive cooking class. Commissioner Washington and registered dietitian Alyssa chopped and mixed Rainbow Grain Bowls using colorful, nutritious, local Jersey-grown ingredients.
Patriots Named Team to Watch in OL Trade Rumors
The New England Patriots could be an active team at the deadline this year.
Nuclear traces in whales' teeth help scientists reconstruct their life stories
New analysis of traces of radioactive fallout from nuclear weapons testing trapped in the teeth of stranded whales has helped scientists reconstruct their life stories.
Don’t Let the Flu Sideline Your Season. It’s Time for your Flu Shot!
As autumn sets in, the Wyoming Department of Health (WDH) is urging residents to get their annual flu shot now to stay healthy and active through the months ahead. “We recommend a seasonal flu shot for everyone six months of age and older,” said Dr. Alexia Harrist, State Health Officer with WDH. “These vaccines carry […]
Big premium hikes possible for retirees in Nevada worker health insurance program
Active employees will also likely experience premium hikes if their plan includes a spouse or their family. Active workers who are the only members of their plan will likely see modest premium decreases.
Pixar exhibit brings movie magic to Frost Science
Discover The Science Behind Pixar at Phillip and Patricia Frost Museum of Science in Miami — interactive exhibits that explain animation, rigging, simulations and STEM.
Google could soon solve Pixel's biggest face unlock flaw
Android 17 QPR3 beta code hints that Google could soon solve Pixel's biggest face unlock flaw in low light with Face Active Illumination.
Short bursts of exercise may improve fitness and blood sugar in sedentary adults
A systematic review and meta-analysis of 22 studies involving 994 sedentary or inactive adults found that brief “exercise snacks” were associated with improvements in VO₂peak, blood glucose, and triglycerides.
Fitter Kids May Grow Into Less Depressed Adults
By Dennis Thompson HealthDay ReporterTUESDAY, Oct. 6, 2026 (HealthDay News) — Kids who run and play will reap mental health benefits into middle age, a new study says. Active, fit children appear to have a lower risk of developing depression in their late 30s and 40s, researchers reported recently ...
Why India is getting serious about ending the Ukraine war
US tariff threats and drone strikes on an Indian-owned factory are pushing Delhi to shift from passive advocacy to active peacemaking.
Seahawks Steal ‘Wildly Productive’ RB From Commanders Practice Squad
Seattle Seahawks sign running back to active roster off Washington Commanders practice squad. The post Seahawks Steal ‘Wildly Productive’ RB From Commanders Practice Squad appeared first on HEAVY.
Hadley man had an online business selling radioactive chemicals
Jacob D. Miller had an online business called "Collect the Periodic Table" that he ran out of his home in South Hadley, federal prosecutors said.
Health Influencer Brags About Drinking From a Radioactive Jug for 250 Days Straight
Radium water products were banned in the U.S. roughly a century ago for causing cancer and other harms.
FSU becomes first college campus to install interactive Hope Booth to support student mental health
Florida State University has become the first college campus in the nation to install a Hope Booth, an innovative resource designed to expand access to
Classic Chronicle: Norwich, Vermont, showcases sustainability and hands-on science
A 2006 Classic Chronicle explores how Norwich, Vermont, embraces sustainable living and interactive science education
Maine CDC cautions ticks remain active in fall
Tick bites are known to spread diseases such as Lyme Disease.
WBJ seeks nominations of business executives who served in the military
Worcester Business Journal is seeking nominations of notable executives with military experience for the Focus on Veterans in Business edition. WBJ will highlight professionals who served in the country’s active […]
Lewis Ginter Botanical Garden cancels health coverage for striking employees
Striking employees of the Lewis Ginter Botanical Garden are being removed from the nonprofit's healthcare plan, according to a letter from the garden. Lewis Ginter wrote to CBS 6: "The law does not require employers to continue paying wages or unaccrued benefits to striking workers who are not actively
A Health Influencer Claims He Has Been Drinking Radioactive Water For 250 Days Straight, To A Frightening 13.5 Thousand Likes
If you don't know why this is a bad idea, let us tell you about radiation, Radithor, or the tragic case of Eben Byers.
Inter keen on Cagliari rising star Alessandro Romano
Inter show no inentions in slowing down their recruitments following a very active summer market as the Nerazzurri are keen on acquiring the services of Cagliari and Azzurri rising star Alessandro Rom...
Healthy aging should be measured by what we can keep doing
Healthy aging is about personal goals. Learn how to stay active and independent at an upcoming Tallahassee event.
oasisVRX Expands to the Princeton Area With New Active Entertainment Virtual Reality Destination
/PRNewswire/ -- oasisVRX is expanding with the opening of its second location at Princeton North Shopping Center, 1225 Route 206 in Princeton, New Jersey....
Digital Science Appoints Charlesworth as Strategic Sales Partner of Altmetric and Dimensions in China's Scholarly Publishing Sector
London, United Kingdom--(Newsfile Corp. - October 5, 2026) - Digital Science has appointed Charlesworth as its strategic sales partner of Altmetric and Dimensions in China's scholarly publishing sector. This collaboration aims to support the growing demand for research data and information across this rapidly developing market.China's local publishing industry has grown significantly in scale and maturity, with journal publishers actively strengthening their international position, investing in.
HEALTH AND FITNESS: Celebrate Walktober by going for a walk
Now that the extreme heat of our seemingly endless summer weather is behind us, being active outdoors is more enjoyable. October is a great time to get outdoors and go for a walk! That is the spirit of Walktober, an initiative adopted by health organizations, companies and communities around the globe.
Phillips 66 (NYSE:PSX): A Dividend Quality Pick With Solid Financial Health
Phillips 66 (PSX) earns 7/10 Dividend Rating with 28% payout, solid health, and attractive forward valuation, but margins and growth carry risks.
Chargers set to be without key player vs. Seahawks
The Los Angeles Chargers suffered a major blow as this key player was ruled inactive.
Los Angeles Chargers rule former FSU All-American inactive
Former FSU safety and Los Angeles Chargers safety Derwin James is inactive for their game against the Seattle Seahawks.
Chargers reveal Week 4 inactives vs. Seahawks
The Los Angeles Chargers are sitting a handful of players ahead of their Week 4 matchup against the Seattle Seahawks.
Julie Bowen reveals what ‘Modern Family’ cast talks about in group chat
Julie Bowen is giving ‘Modern Family’ fans an inside look at what the cast of the beloved sitcom talk about in their hyperactive group chat: ‘We’re always chatting.’
Week 4 inactives for Rams
Los Angeles declares seven players inactive versus Philadelphia
Ravens-Titans inactives: Ronnie Stanley, Zay Flowers to play
The Ravens deactivated four players for their Week 4 matchup with the Titans.
Rams' Colby Parkinson Out, Full Inactives List for Eagles Showdown
Los Angeles Rams tight end Colby Parkinson is officially out against the Philadelphia Eagles.
Week 4 inactives for Buccaneers
Tampa Bay declares seven players inactive versus Green Bay
J.J. McCarthy active for New York Giants vs. Arizona Cardinals
The New York Giants and Arizona Cardinals have officially announced their inactives ahead of a Week 4 game.
Christian Benford, Six Others Inactive For Bills Against Patriots
The Buffalo Bills have announced their inactives for Week 4 against the New England Patriots, including number one cornerback Christian Benford and six others.
Bad Bengals injury updates impact inactives vs. Jaguars
The Bengals have some big injured names on the inactives list vs. Jaguars.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
What's the point of beards?
Women don't necessarily think men with beards are more attractive.
Interactive Health Fest brings residents to Flinthills Mall
If you wanted information about just about anything health-related, the annual Interactive Health Fest was the...
Nick Westbrook-Ikhine called up for Week 4
Colts WR Nick Westbrook-Ikhine added to active roster Saturday
New interactive tool tracks private equity investments in health care across U.S.
A new interactive tool launched on Tuesday, Sept. 8, offers policymakers, researchers, journalists and the public a state-by-state look at private equity investments in U.S. health care.
Keke Palmer on 'mom shaming' and how she protects her son's health
Keke Palmer shares how she takes proactive steps to protect her son's health and why she wants to have open conversations around parenting.
Seattle Seahawks Depth Chart at Running Back Against Chargers
On Friday, Seattle Seahawks head coach Mike Macdonald confirmed that Jadarian Price will be out against the Los Angeles Chargers, which means the depth chart at running back is a lot thinner now. Behind Price, there are three running backs expected to be active against the Chargers for the Seattle Seahawks. Those players are Emanuel […] The post Seattle Seahawks Depth Chart at Running Back Against Chargers appeared first on HEAVY.
Artists remember veteran concert producer Susan Lim and her decades in entertainment
Photo from Facebook/@susan.o.lim Artists and colleagues are remembering veteran concert producer Susan Lim for a career that spanned Philippine productions and overseas tours for Filipino performers. Lim died Sept. 14. Pops Fernandez, Martin Nievera and Roderick Paulate were among those who later shared public tributes, recalling both her work in entertainment and their longtime friendships with her. Lim had been active in…