OMGFIN Daily News

‘War on crypto’ — Newly filed letters lambast proposed SEC custody rules
Industry representatives have cast doubt on the legality and impact of the United States securities regulator’s offer to expand custody regulations.  An of...
Tue, 9 May, 2023 at 5:46 AM
32% of home offices invest in digital assets — Goldman Sachs
While the interest in crypto investments was arising last year among home offices, 2023 remarked a heavy decline in investors ’ certainty about the digital ...
Wed, 10 May, 2023 at 1:58 AM
Lawmaker Warns US Default Risks Dollar's Reserve Currency Status, Exploitation by China and Russia
The topmost Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos performing from a U.S. default. He...
Wed, 10 May, 2023 at 1:59 AM
President Raisi Calls on Central Bank of Iran to Ditch US Dollar in Trade, Shift to National Currencies
Iranian President Ebrahim Raisi has called on the Central Bank of Iran to lay the root required to ditch the U.S. dollar for bilateral trade settlements and...
Wed, 10 May, 2023 at 1:59 AM
Economist Peter Schiff Says 'Nobody’s Money Is Safe in Any Bank' — Warns of Financial Crises, Depressions
Economist Peter Schiff expects a lot of further banks to fail, warning that “ nobody’s money is secure in any bank. ” He stressed “ When the Fed sets intere...
Thu, 11 May, 2023 at 2:24 AM
Liechtenstein Prime Minister Says Government to Accept Bitcoin Payments, Open to Investing Reserves in BTC
Liechtenstein’s prime minister has reportedly uncovered that bitcoin payments will be accepted for some government services. “ A payment option with bitcoin...
Thu, 11 May, 2023 at 3:51 AM
BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit
The BRICS countries are set to discuss the feasibility of a common currency at the forthcoming leaders ’ summit. “ It’s an affair we must discuss and discus...
Thu, 11 May, 2023 at 4:37 AM
US House financial committee tells SEC they don’t like custody proposal
The letter criticizes the offered rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset indus...
Fri, 12 May, 2023 at 1:00 AM
BIS issues comprehensive paper on offline CBDC payments
According to the Bank for International Settlements, offline payments with CBDCs raise new threats related to counterfeiting, fraud, & privacy concerns....
Fri, 12 May, 2023 at 1:43 AM
Researchers in Singapore design new ‘more efficient’ DAO scheme
Scientists at the Singapore University of Social Sciences created a novel DAO voting/ regime scheme after reviewing current methods.  A crew of researche...
Fri, 12 May, 2023 at 1:57 AM