OMGFIN Daily News

NY Fed and MAS publish joint CBDC cross-border payment project results
The researchers built on their respective projects to demonstrate cross-border payments utilizing illiquid currencies with an intermediate “ vehicle ” curre...
Sat, 20 May, 2023 at 2:10 AM
US presidential candidate Vivek Ramaswamy to accept Bitcoin for campaign donations
Ramaswamy said, “ Let’s make the 2024 election a referendum on fiat currency. ”  Vivek Ramaswamy becomes the alternate 2024 presidential candidate in the...
Mon, 22 May, 2023 at 1:52 AM
Federal Reserve Chair Powell Hints at Possible Pause in Interest Rate Hikes
Federal Reserve Chair Jerome Powell has hinted that the Fed may pause raising interest rates at the Federal Open Market Committee (FOMC) convocation coming ...
Mon, 22 May, 2023 at 3:40 AM
De-dollarization Has Already Started, Says Russia’s Foreign Minister Lavrov
The process of de-dollarization has practically started, according to Russian Minister of Foreign Affairs Sergey Lavrov. Moscow’s topmost diplomat is convin...
Mon, 22 May, 2023 at 3:49 AM
Nobel Prize Laureate Paul Krugman Warns of Disruption in Financial Markets Without US Dollar
Nobel Prize-winning economist Paul Krugman says that no currency can play the part of the U.S. dollar. Commenting on the de-dollarization trend and the poss...
Tue, 23 May, 2023 at 2:08 AM
South Korea to vote on bill requiring crypto asset disclosure for lawmakers
A recent political scandal has encouraged the offer of legislation intended to ensure South Korean officials report all digital asset holdings above approxi...
Tue, 23 May, 2023 at 2:23 AM
US risks losing the crypto race to UAE, Korea, Aus and Switzerland: Ark
The United State crypto ecosystem is facing a “ void ” of well-established & credible institutions, according to an analyst from Ark Invest.  The Unite...
Tue, 23 May, 2023 at 4:18 AM
Russian lawmakers propose amendments to digital ruble bill
The bill could be changed regarding debt operations, services for non-residents, and the part of the central bank.  As the digital ruble project proceeds...
Wed, 24 May, 2023 at 2:06 AM
ETH can be a security and a commodity: Former CFTC commissioner
Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner Dan Berkovitz claimed. Ethe...
Wed, 24 May, 2023 at 2:10 AM
China, Russia Urged to Speed Up Creation of 'Cutting Edge' Payment Infrastructure for BRICS and SCO Currencies
The chairman of Russia’s national economic development institution VEB.RF has urged China and Russia to speed up the joint of a new, “cutting-edge” payment ...
Wed, 24 May, 2023 at 4:43 AM