OMGFIN Daily News

US FASB Approves New Accounting Rules Allowing Realistic Valuation of Crypto Assets
The Financial Accounting Standards Board (FASB) in the United States has finalized new accounting rules that allow crypto companies and institutions to repr...
Wed, 13 Dec, 2023 at 11:58 PM
Microsoft and AFL-CIO Partner to Address Workers' Rights in AI Development
Microsoft and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) have formed a partnership to explore how artificial intell...
Thu, 14 Dec, 2023 at 12:02 AM
SEC Holds Meetings With BlackRock, Fidelity, Franklin Templeton, and Grayscale Regarding Spot Bitcoin ETF Applications
The U.S. Securities and Exchange Commission (SEC) has conducted multiple meetings with issuers of spot bitcoin exchange-traded funds (ETFs) to discuss their...
Thu, 14 Dec, 2023 at 12:04 AM
Kazakhstan's Digital Tenge CBDC Successfully Piloted, Ambitious Expansion Plans Unveiled for 2024
Kazakhstan's foray into the world of central bank digital currencies (CBDCs) has seen significant success with the digital tenge, culminating in a month...
Fri, 15 Dec, 2023 at 11:26 PM
Microsoft's Bing AI Chatbot, Copilot, Accused of Providing Misleading Election Information
A recent study conducted by European nonprofits AI Forensics and AlgorithmWatch has raised concerns about Microsoft's Bing AI chatbot, now rebranded as ...
Fri, 15 Dec, 2023 at 11:27 PM
OpenAI Launches Converge 2: $15 Million for 15 AI Startups in Global Program
OpenAI has announced the opening of applications for the second cohort of its six-week program, Converge 2, designed for artificial intelligence (AI) startu...
Fri, 15 Dec, 2023 at 11:33 PM
Blockchain-Based Lending Sees Resurgence: Active Tokenized Private Credit Hits $582 Million
Blockchain-based lending is experiencing a resurgence, with the value of active tokenized private credit reaching $582 million, marking a remarkable 128% in...
Mon, 18 Dec, 2023 at 12:52 AM
Argentina's New President, "El Loco," Proposes Central Bank Dissolution and Eyes Societal Shift Towards Contracts
Argentina's new president, Javier Gerardo Milei, known as "El Loco," has vowed to implement profound economic reforms, including the dissoluti...
Mon, 18 Dec, 2023 at 12:54 AM
AI Bias Alert: Study Reveals ChatGPT's Geographic Constraints on Environmental Justice Information
A recent study conducted by researchers from Virginia Tech sheds light on potential biases within the artificial intelligence (AI) chatbot ChatGPT, specific...
Mon, 18 Dec, 2023 at 1:03 AM
SEC Delays Decision on Ethereum ETFs, Extends Review Period to May 2024
The United States Securities and Exchange Commission (SEC) has announced an extension of its review period for several Ethereum exchange-traded funds (ETFs)...
Tue, 19 Dec, 2023 at 1:14 AM