OMGFIN Daily News

Total supply of stablecoins dropped sharply for first time ever in Q2
A separate graph also saw USDC and BUSD offer drop sharply in might, but each have since rebounded and are near to being back to their respective all-time h...
Thu, 16 Jun, 2022 at 4:48 AM
Vitalik Buterin shares his thoughts on non-financial use-cases for blockchain
Essential goals like “trust and censorship resistance” can be aided by distributed ledger technology, said Buterin.   Vitalik Buterin, co-founder o...
Thu, 16 Jun, 2022 at 4:59 AM
Brazilian proposal would make crypto payments legal and protect private keys
The proposed law won’t essentially create crypto medium of exchange within the country, however it’ll legal tender be a legally recognized monetary plus for...
Thu, 16 Jun, 2022 at 5:44 AM
Banking uses 56 times more energy than Bitcoin: Valuechain report
Analysis of Bitcoin’s proof-of-work and the Lightning Network exposes the industry as energy-hungry, demonstrating that Bitcoin is better for the planet.  ...
Fri, 17 Jun, 2022 at 2:15 AM
Inverse Finance exploited again for $1.2M in flashloan oracle attack
No user funds are affected by the exploit, however Inverse Finance has incurred a debt and offered the aggressor a bounty to return the stolen funds.  ...
Fri, 17 Jun, 2022 at 2:25 AM
Bank of Russia backs cross-border crypto payments vs. domestic trade
Cryptocurrencies will be used in cross-border or international payments given that they don’t get into Russia’s domestic financial system, the Bank of Russi...
Fri, 17 Jun, 2022 at 4:00 AM
El Salvador president addresses bear market concerns with Bitcoin hopium
As tensions rise amid falling BTC costs, President Nayib Bukele decided to share recommendation for fellow Bitcoin investors that may agonize regarding the ...
Mon, 20 Jun, 2022 at 12:45 AM
Magic Internet Money token depegs as LUNA domino effect persists
Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has be...
Mon, 20 Jun, 2022 at 3:10 AM
UAE launches the world’s most expensive modern postage stamp
UAE has made blockchain technology a key focus for its future strategies and presently building a localized scheme to make it a global blockchain hub.  ...
Mon, 20 Jun, 2022 at 3:25 AM
Iranian government to cut power supply for the country's legal crypto mining rigs
For years, the country has heavily sponsored its electricity production leading to very low costs. It claims that this has now become unsustainable.  ...
Tue, 21 Jun, 2022 at 5:23 AM