OmiseGo OMG

$2.66
Market Cap $ 373.353 MM (#23)
24h Volume $ 28.983 MM
Chg. 24h: -16.33%
Algo. score 4.1/5  (#42)
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OmiseGo News

OmiseGO (OMG) To Go Mainstream, Signs MOU with Taxi App TADA

Partnerships are a great way to grow and increase adoption in the crypto and blockchain universe and OmiseGO is really using it well to its benefit to spread its wings across industries. The latest industry where OmiseGO has stepped in is the mobility industry as it is believed to have signed the MOU with TADA a popular Taxi app in Singapore. OmiseGO to develop a Proof-of-Concept (POC) for TADA app According to the recent news updates that hit the street, OmiseGo, the only blockchain project that has received the backing of Vitalik Buterin, has signed an signed a memorandum of understanding (MOU) today with Mass Vehicle Ledger (MVL), the company behind the popular ride-hailing app TADA. According to the agreement both companies will collaborate on research and technology development. It is believed both companies would come together develop a strong proof-of-concept (POC) for how blockchain, and the OmiseGo platform specifically, can improve the TADA app. OmiseGo’s managing director, Vansa Chatikavanij announced this partnership and was quoted saying We are pleased to sign an MOU with MVL to deliver a POC for their ride-hailing service TADA,” “This serves as a step forward in our efforts to showcase the potential and benefits of the technologies. Based in Singapore, TADA already uses blockchain to offer users a cheaper cab fare. Unlike centralized services, such as Uber and Grab, the project does not charge a commission. Although the app only launched in the summer, it has picked up significant traction. So far more than 100,000 people in Singapore had used the service, with roughly 17,000 car owners registering as drivers. They have also expanded their services to other countries within the region, including South Korea and plans to launch in Vietnam, Cambodia, and Malaysia in the coming months. Details and particulars of the MOU remain sparsely available in media, but this could definitely test OmiseGO’s capabilities. TADA’s current blockchain records data on transactions, car movements, accidents, and traffic flow onto the MVL blockchain. The idea is the data can be recorded by MVL straight onto the OMG network. MVL’s CEO, Kay Woo, also hinted the OMG blockchain to improve payment options for TADA users. This might include offering options for consumers to pay for rides in cryptocurrency, as well as in the local fiat currency. Certain sections of media also quoted Kay Woo, MVL’s CEO who was quoted saying Utilizing MVL and OmiseGO current blockchain technology operation in Thailand, we expect to bring real-life use cases with TADA using OmiseGO’s Crypto payment, This definitely is a great news for OMG token and OmiseGo project and we may soon see some spikes in the prices if this project goes through well. What is your view on OmiseGo’s partnership strategy? Do let us know your views on the same The post OmiseGO (OMG) To Go Mainstream, Signs MOU with Taxi App TADA appeared first on Coingape.

10 hours ago

100k Taxi Users Could OmiseGO TADA Soon

A popular taxi app, with more than 100,000 users in Singapore, thinks it can improve its service using cryptocurrency and blockchain. The financial services platform, OmiseGO (OMG), has agreed to explore possible use cases with them. The collaboration might even see the two working together to bring crypto payments to the taxi service. OmiseGO signed a memorandum of understanding (MOU) today with Mass Vehicle Ledger (MVL), the company behind the popular ride-hailing app TADA. The agreement will see the two companies collaborate on research and technical development. The hope is the two companies will develop a strong proof-of-concept (POC) for how blockchain, and the OMG platform specifically, can improve the TADA app. “We are pleased to sign an MOU with MVL to deliver a POC for their ride hailing service TADA,” said OmiseGO’s managing director, Vansa Chatikavanij. “This serves as a step forward in our efforts to showcase the potential and benefits of the technologies.” OmiseGO and TADA Based in Singapore, TADA already uses blockchain to offer users a cheaper cab fare. Unlike centralized services, such as Uber and Grab, the project does not charge a commission. Although the app only launched in the summer, it has picked up significant traction. So far more than 100,000 people in Singapore had used the service, with roughly 17,000 car owners registering as drivers. They have also expanded their services to other countries within the region, including South Korea. OmiseGO is a decentralized network offering flexibility to payment providers. Working as a dApp off the Ethereum (ETH) network, it is a wholly-owned subsidiary of the Thai-based payment solution, Omise. Similar to Ripple (XRP) or Stellar (XLM), their services are aimed at the existing financial institutions. A mover rather than a shaker. The OMG network is essentially a trustless intermediary for parties to securely transact with one another, in the asset - fiat or crypto - of their choice. It has already implemented the plasma protocol, which processes transactions off the root chain to ease congestion, making transactions faster and cheaper. The platform also relies on a team of validators to confirm transactions. The OMG token is used to pay for transaction fees and must be staked by validators, acting as a form of security deposit. Is this significant OmiseGO news? This is an MOU. Details and particulars of the MOU remain sparse and in the end, nothing may come out of the agreement. Still, the two companies have suggested that the OMG blockchain could be used to log data collected from the TADA app. The service currently records data on transactions, car movements, accidents, and traffic flow onto the MVL blockchain. The idea is the data can be recorded by MVL straight onto the OMG network. MVL’s CEO, Kay Woo, also hinted the OMG blockchain to improve payment options for TADA users. This might include offering options for consumers to pay for rides in cryptocurrency, as well as in the local fiat currency. “We expect to bring real-life use cases with TADA using OmiseGO’s Crypto payment”, said Woo. The name OmiseGO may take on a whole new, and slightly more literal, meaning. The author is invested in ETH, which is mentioned in this article. The post 100k Taxi Users Could OmiseGO TADA Soon appeared first on Crypto Briefing.

10 hours ago

PR: Bithumb Celebrates Its Fifth Anniversary with BTC Air Drops

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The global cryptocurrency stock exchange Bithumb is holding its third commemorative event in celebration of its fifth anniversary. The ‘Super Airdrop Festival’ event has two parts, the Login Event and Air Drop Event, and is open to participation for anyone who is a Bithumb member. Members can participate in the Login Event until December 11th by logging into Bithumb and clicking on the enter event button. In this event, 15 Bitcoins (valued at USD 97,789 as of today) are provided to one winner, who is selected by lottery after the event is concluded. The winner is scheduled to be announced on December 24th. In the Air Drop Event, prize money is given to top 500 with the greatest amount of accrued transactions in the past week. As for prize money, 7 Bitcoins are given to first place (1 person), 100 Ethereum coins are given to second place (4 people), and 8,000 Ripple coins are given to third place (10 people) every Wednesday. In addition, Bithumb is selling a coupon for 10,000 KRW that allows holders to use Jet Cash, Monero, Dash, Bitcoin Gold, OmiseGO (total of 5 Coins) for free for one hour. The Air Drop Event is to be continued until further notice, and the event conclusion date is expected to be announced prior to the date. Furthermore, Bithumb plans to extend the new membership event that it has been holding since last month for foreign members. Bithumb will give out 20,000 Bithumb cash for those who sign up for membership and pay for 20,000 KRW (based on Bithumb cash) worth of transactions within the event period, from November 15th to December 19th. According to Head of Marketing Department of Bithumb, Andy Choi “interest towards not just Bitcoin and Ethereum, but cryptocurrency as a whole is increasing worldwide,” and stated that “We are happy to hold various events to return Bithumb members’ support who always trust and use our service.” On the other hand, Bithumb joined forces with a US based fintech company SeriesOne on the 31st of last month and plans to build a stock-type token exchange in the US during the first half of next year. It is strengthening its position as a global firm specializing in block chain by also opening a decentralized exchange site ‘Bithumb DEX’ on the 15th of last month through its foreign subsidiary. For inquiries, please email at global_mkt@bitcash.com / +82-2-6978-7156 Contact Email Address: global_mkt@bitcash.com Supporting Link: https://www.bithumb.com/merchant/gwbanner?bsid=P_BWA1112&utm_source=btc&utm_medium=PR&utm_campaign=ww This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post PR: Bithumb Celebrates Its Fifth Anniversary with BTC Air Drops appeared first on Bitcoin News.

10 hours ago

OmiseGo (OMG) Signs MOU to Explore Proof-of-Concept with Ride-Hailing App

OmiseGo recently signed an MOU with Mass Vehicle Ledger (MVL), the company behind the ride-hailing and taxi app TADA, to develop a proof-of-concept (POC) for how the OMG platform and blockchain can help to improve the TADA app and service. TADA is based in Singapore and has already served more than 100,000 people since launching this past summer. The app utilizes blockchain technology to offer users a cheaper cab fare and sets itself apart from centralized services like Uber and Grab by not charging any commission fees. (JF)

a day ago

Market Update Oct.13: Bears Are Back, Year-End Rally Nearby?

After a positive week for the alternative coins, a correction came to remind us of the risks involved with market volatility. However, the sharp declines have already been halted for the moment, getting closer to the dangerous $6000 zone. Ahead of the expected Fork of Bitcoin Cash hard fork, the price of the currency has risen by tens of percent and has attracted considerable interest from traders and investors who are eyeing the market. In light of the upcoming decisions regarding Bitcoin ETFs and other financial instruments related to the crypto markets, a trend has recently been initiated by regulators turning to large-volume crypto exchanges that affect the Bitcoin price and other altcoins in order to try to understand the price discovery mechanism. The end of the year is near, and November began with a positive altcoin trend. The recent price hikes brought a positive sign to the market. But if we put the prices of the coins aside and look at the development of the infrastructure, the number of companies, employees and the partnerships that are being formed, one might expect another bullish wave in the near future. Bitcoin continues to be the dominant and leading currency in the market and begins to show signs of stability with support around $6,200. Bitcoin dominance 52.2% | Market Cap: $211 billion | Trading volume: $10 billion Crypto News & Headlines SEC Charges EtherDelta’s Founder for Operating an Unregistered Exchange. The U.S SEC has heavily fined Zachary Coburn for operating an unregistered platform that allows people to buy and sell tokens that the agency had earlier marked as “securities.” Bitcoin Early Adopter Gave Away BTC Worth $100M: The Endless Dilemma. 15,678 BTC was given out in developer bounties by Jeff Garzik who started writing code for Bitcoin eight years ago. The developer is happy that Bitcoin is still around and doesn’t regret giving away that amount of wealth in the early days. VanEck: A Bitcoin ETF Approval Would Mean An In-Flow Of Billions Of Dollars In Investment. Gabor Gurbacs, VanEck’s Director of Digital Assets Strategy, has reaffirmed that the crypto markets will see an influx of investment in billions of dollars, whenever the long-awaited Bitcoin ETF is approved. Weiss Ratings Updates Cryptocurrency Ratings, Labels XRP, Stellar, Cardano, And EOS As “Buys.” The traditional asset rating company has added cryptocurrencies to their index and even gone a step further by recommending buys into XRP, XLM, ADA, and EOS which are among the top ten largest cryptocurrencies by market cap. BitMEX CEO: “We Don’t Trade Against Our Customers.” Arthur Hayes has seemingly replied to a pseudonymous crypto entity who said that their crypto exchange cares more about money than users. Such a thought is nonsensical according to the CEO. Charts Bitcoin Traded around $6,300 support in this range at $6,200 resistance at $6,400 we declined slightly because resistance at $6,500 was not breached. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'VnJqbSRh'; new TradingView.chart(tradingview_embed_options); Ethereum Against the dollar traded around $211 support still holds around $200. Resistance at $215 with the next step being built around $225. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = '13jn4ya1'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.032BTC support is being built around this resistance at 0.00333BTC after a failed attempt to break up the 0.034BTC. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'TifLS8FI'; new TradingView.chart(tradingview_embed_options); Bitcoin Cash Against the dollar trading around $540 and looking for support around $500 resistance at $650, after a sharp rise the correction has come. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'GCN9pFui'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.084BTC, and resistance in this range around 0.088BTC. The peak was at 0.098BTC, and this week the graph shows there is a change of trend in light of the fork. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'DR6DOIFB'; new TradingView.chart(tradingview_embed_options); OMG Against the dollar, support holds around $3. Is this the floor? Traded around $3.20, resistance in this range $3.70. If we breach this price, we’ll get a confirmation that we have touched the floor. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_opti

a day ago

⭐ GCR Exclusive Member Discounts to Upcoming Conferences in Tokyo, Korea and San Francisco

Join Our Premium Plan, and Enjoy Ongoing GCR Exclusive Discounts to Events From Around the World Like the Ones Below Node Tokyo | Tokyo | November 19-20, 2018 NodeTokyo is the first international blockchain conference to be held in Tokyo in 2018. Speakers include Aya Miyaguchi from Ethereum Foundation, Jun Hasegawa from OmiseGo, Benny Giang from Cryptokitties and more. Free community ticket with code “community_GCR” Link with discount code applied Buidl.Korea | Seoul | November 29-30, 2018 Buidl.Korea is a technical, academic forum in which developers and academics exchange their ideas and present on working protocols, products, and academic research in blockchain technology. Speakers include the founder of Cosmos Jae Kwon, CEO of Kadena Will Martino, co-founder of Polkadot, co-founder of Origin protocol, Jon Choi from Ethereum Foundation and more. Discounted tickets for students, developers, researchers, and other BUIDLers are available for $49 through a quick application. World Digital Asset Summit | San Francisco | December 9 - December 11th World Digital Assets Summit 2 (“WDAS 2 ”) San Francisco 2018 is an annual conference designed to showcase the most cutting-edge and forward-thinking trends, technology and projects within the blockchain space. Speakers include Vincent Zhou, founding partner of FBG Capital; Olaf Carlson-Wee, CEO of Polychain; Brendan Eich, CEO of Basic Attention Token; Chris Wang, CEO of Thunder, and more. Exclusive, 15% discount to regular ticket price with the code “GLOBALCOINRESEARCH”

5 days ago

Daily Cryptocurrency News - 5th November 2018

Here are the latest most important cryptocurrency news of November 5, 2018 Whiteblock Releases New Report: EOS isn’t a Blockchain, Just a Distributed Database Image Source: Crypto News Asia The blockchain testing and research company Whiteblock Inc has just released a damnatory verdict on EOS. Published on November 1, 2018, the report is titled “EOS: An Architectural, Performance and Economic Analysis.” The report claims that EOS is not a blockchain at all, but rather a “distributed homogeneous database.” According to the report compiled by Whiteblock’s research team, EOS has many shocking security and protocol failings. These failings fatally compromise many of the use cases suggested for the network once dubbed the “Ethereum killer.” Over the course of two months since its September launch, the test evaluated the EOS network’s transactional throughput against its claimed capacity. They also tested its response in different areas such as: Adverse network conditions, Response to variable transaction rates and sizes, Average transaction completion time, Partition tolerance and Fault tolerance. The results are far from flattering. “EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated. EOS token and RAM market is essentially a cloud service where the network provides promises for computational resources in a blackbox for users to access via credits. There is no mechanism for accountability due to the lack of transparency on what Block producers can create in terms of computational power.” For more info, you can go to this link. Bitcoin Cash (BCH) gains 25% in Three Days Before The Hard Fork for 15th of November Image Source: SFOX Bitcoin Cash’s price has been increasing by a significant amount. From Nov 2, its price has jumped by about 25%. Bitcoin Cash is currently trading at $568 USD, compared to the $425 at Nov 4. The primary reason for this increase in price is because of the support for hard fork extended by two big crypto exchanges. Those exchanges are Binance and Coinbase. In the official announcement for extending the support for Bitcoin Cash hard fork, crypto exchange Binance wrote: “Binance would like to confirm support for the upcoming Bitcoin Cash hard fork. We will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC). Deposits and withdrawals of Bitcoin Cash suspend starting from 2018/11/15 3:00:00 PM (UTC). Please leave sufficient time for deposits to process in full prior to this time. We will handle all technical requirements involved for all users holding Bitcoin Cash in their Binance accounts.” After the Binance announcement, popular crypto exchange Coinbase joined to extend support for the BCH hard fork. The Coinbase team wrote: “Twice a year, the Bitcoin Cash (BCH) network hard forks as part of scheduled protocol upgrades. The next BCH hard fork will be this Nov 15, 2018, and Coinbase is preparing to support the published roadmap from bitcoincash.org”. Ledger, has also said that it will protect BCH users through the fork. Moreover, it also claims that as per the requirement, it will support the most dominant chain, the fork with the highest stability and most hashing power. OmiseGO (OMG) Just Launched First dApp: Plasma Dog, a 2-D Platformer Video Game OmiseGO (OMG) has officially launched the first decentralized app (dApp) on their network. With the launch of the new “Plasma Dog” game, on OMG’s Plasma testnet, OMG moves one step closer to deploying user-friendly dApps to the network. The game is called Plasma Dog! Play the game here: https://t.co/NxGOmZaNSs And check out the transactions on our internal testnet: https://t.co/ZlydWnqEYn#OMG #Plasma #blockchain #OmiseGO #HoardExchange #Devcon4 — OmiseGO (@omise_go) November 1, 2018 Plasma Dog is a traditional 2D side-scroller similar to classic Super Mario Brothers games. The game was initially announced on November 1 at the conclusion of the Ethereum Devcon4 conference in Prague, Czech Republic. Plasma dog uses common cryptocurrency terms as characters in the game. Enemies include double spends, faulty child chains, invalid blocks, and even node collusion. The in-game currency is also known as UTXO, short for Unspent Transaction Output. It is also the term used for the change of a transaction that’s waiting to be spent. The UTXO token, native to OMG, is immediately delivered to the user’s wallet as soon as they’re obtained in-game. If you want to try this new game, you can try it for free here. Crypto Trading in South Korea Surges; Trading Volume in South Korea Increases by 10 to 15 Percent Image Source: Forbes Over the last 48 hours, the daily trading volume of crypto exchanges in South Korea has surged substantially by a range of 10 to 15 percent. Bithumb, the largest cryptocurrency trading platform in the local market by trading volume, has seen a spike in daily trading

9 days ago

The new OmiseGo (OMG) Plasma TestNet has its First Live Dapp: Plasma Dog

Following the recent successful launch of OmiseGO’s (OMG) new Plasma MVP testnet, the platform has announced its first live proof-of-concept game utilizing the layer 2 scaling solution being developed on the Ethereum network. The game is called Plasma Dog, and is a blockchain-based decentralized application (dapp) game created by Hoard that is a “Simple, retro 2D-platformer that allows true ownership of in-game assets.” The game leverages OmiseGO’s internal testnet for validation while OmiseGO acts as the Plasma Chain Operator using a proof-of-authority (PoA) scheme. (JF)

11 days ago

Quantstamp partners with OmiseGo to make Ethereum safer by securing plasma MVP

CryptoNinjas Quantstamp, the blockchain security company developing protocols that enhance smart contract security recently conducted their most significant audit to date: OmiseGo’s Minimum Viable Plasma (MVP) implementation. Quantstamp’s objective... Quantstamp partners with OmiseGo to make Ethereum safer by securing plasma MVP

13 days ago

5% Climb For EOS As Market Jumps By $2b

Several major digital currencies and tokens such as EOS have proved that they can stay strong in the short term momentum over the past day, pushing the valuation of the crypto market to $206 billion. The volume of Bitcoin, which rejected to the mid-$3 billion regions, recovered to $4.2 billion, showing an increase in trading activity across several big crypto exchanges. Following the increase in the volume of Bitcoin, tokens and virtual assets like Pundi X, OmiseGo, Zcash, Loom, Status and Bancor have recorded gains from 8 percent to 20 percent. This portrays the big upside movement for the first time since mid-September. But what does this mean? Previous reports by CCN show that the low volume of Bitcoin has left the digital currency market in a tough spot and exposed to short-term drops, possibly below the $200 billion area. At one point, the number of Bitcoin dropped to around $3 billion, down by just over 25% from $4.2 billion. Technical analysts including Hsaka made clear that with the failure of the leading crypto to recover in volume could trigger the dominant digital currency to keep a close range until the end of the year, which could prevent the initiation of 2019 with the positive sentiment regarding digital currencies as a growing asset class. Haska explained: “To be honest, with volume and volatility petering out, I wouldn’t be surprised to see BTC hold this range for another month (and maybe till the EOY too). Would be the path of maximum pain, bears don’t get their rapid selloff to 4.8k, bulls distraught over not being able to break 6.8k.” There are expected to be several exciting announcements waiting for Bitcoin during the first few months of next year. Most importantly, this includes SolidX/VanEck Bitcoin exchange-traded fund application which is set to be evaluated by the US Securities and Exchange Commission by the end of February next year. As said by CCN: “If Bitcoin can initiate a major positive price movement prior to the year’s end impacted by the launch of BTC futures markets by Bakkt and Goldman Sachs, a positive sentiment could be carried out into the first quarter of 2019.”>/blockquote> What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post 5% Climb For EOS As Market Jumps By $2b appeared first on Crypto Daily™.

14 days ago

4 Major OmiseGo Improvements Currently in Development

All cryptocurrency ecosystems need to keep evolving over time. Introducing new features and building the underlying infrastructure takes center stage. In the case of OmiseGo, a lot of interesting things are in development right now, although they will take a while to be fully realized. The following projects are worth paying attention to. #4 eWallet Suite Onboarding users to a network is always a big challenge, especially for altcoins. In the case of OmiseGo, its eWallet Suite is designed to solve that problem. This open source software toolkit can onboard both users and merchants through a convenient option. A full suite of tools and applications is being built at this time, although there is still some work to be done. The first “official” version of eWallet was released a little while ago, and the new version should be ready in the coming weeks. The team is also working on integration libraries for other coding languages and frameworks, with Elixir being the first on the list. In version 1.2 of eWallet, blockchain integration will commence. #3 Plasma In the world of blockchain scaling, Plasma is considered to be one of the bigger developments. OmiseGo will get its own plasma-based implementation in the form of Tesuji Plasma. An internal testnet is being developed at this stage, and a public testnet release will happen in the coming weeks. Once it hits the mainnet, OmiseGo will see significant scaling improvements. #2 DEX Layer Similar to a few other altcoins, OmiseGo is looking to build a decentralized exchange layer in the coming months. That project has been in development for some time now, albeit the implementation is still in the early stages of development. In its first “live” iteration, the layer offers users control of their funds for most of the time and heavily relies on on-chain transactions. Once an order is placed, custody of funds is transferred to the trading venue facilitating the trade. #1 Proof-of-Stake Perhaps the biggest upcoming change to OmiseGo comes in the form of the PoS consensus algorithm. Its native currency was designed specifically to promote staking, as network validators run nodes to perform network consensus. For the time being, OmiseGo’s PoS consensus implication is not fully completed yet. Instead, there is still some work to be done. According to the developers, there will no finalized PoS design until the Plasma implementation has been fully tested and audited. That appears to be a smart decision at this stage, even though the general framework for proof-of-stake has been in place for a while now. It will be interesting to see how the team decides to move ahead in this regard, as no official timelines have been proposed just yet. The post 4 Major OmiseGo Improvements Currently in Development appeared first on NullTX.

14 days ago

TED talks, SF Blockchain Week, auditing OMG Plasma, and more...

TED talks, SF Blockchain Week, auditing OMG Plasma, and more! Find out everything that's been happening at Quantsta… https://t.co/dccPQXwVCG

14 days ago

Cryptocurrency Market Update: Birthday Bitcoin Stays Over $6,000 for a Year

FOMO Moments Markets have found a new level for now; Dash, OmiseGO starting to recover, Revain dumping still. Crypto markets seem to have found another plateau for the time being. Yesterday’s big dump stopped just above $200 billion total capitalization and markets have remained at that level today. Bitcoin has found support above $6,300 for now and has stayed there for the past 24 hours remaining flat on the day. The bears are still dominating things so a further decline to $6,200 could be imminent. Ethereum has extended its losses and remains under $200 at $197 at the moment. Altcoins are currently mixed which suggests that they have found another level and no further losses have occurred. In the top ten only Monero has managed to claw back anything, and that is only 1.2% to just over $100. The biggest loser is Cardano again as ADA slips closer to dropping out of the top ten. The top twenty is also half green and half red but only marginally. Dash is currently making the best recovery with a 2.5% gain to $156. Still falling is VeChain with a further loss of 2.5% during the morning’s Asian trading session. Just outside this area of the chart at 21 is OmiseGO has also made nearly 4% back today. There are no double figure fomo pumps right now but topping the top one hundred’s best performing altcoins at the time of writing is Chainlink and Pundi X bit gaining 6-8 percent on the day. PIVX has also regained 5% and Loom Network is not far behind. Topping the red end of the top one hundred and the only altcoin with a double digit loss is Revain shedding 13% at the moment. Also getting beat up is Cryptonex, Dentacoin, Digitex Futures, and Revencoin all losing over 7% on the day. Total market capitalization has held the level it fell to yesterday which is $203 billion. Trade volume is a lowly $10 billion and this appears to be its new channel for now. We are still in the depths of 2018’s yearlong crypto winter. Bitcoin’s dominance has remained over 54% for its birthday and aside from a couple of quick dips has remained over $6,000 for a year which is remarkable. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Birthday Bitcoin Stays Over $6,000 for a Year appeared first on NewsBTC.

15 days ago

OMG Have You Heard About The New OmiseGo Update?!

Not many altcoins went through the bear market and came out looking good on the other side and OmiseGo isn’t an exception. Some have quite simply faded away while others continue on with their projects no matter the token market prices. The team at OmiseGo has done this and has recently updated the community on their latest updates in the ecosystem. In a Medium post yesterday, a quick message was said to send the message that the project is still sticking to its guns and new developers are still being made. The team has moved away from a milestone model stating that “It’s been our experience that the milestone model has led to a cycle of waiting, speculation, frustration, brief excitement upon release, and then recommencement of waiting, with not enough clarity in between.” Instead, they are using a tracker to show the advancements with less time and lists jobs to be finished for each milestone. The end goal is to make the time periods between each milestone not as shrouded and “interminable”. The OMG Network intends to serve as a decentralised exchange. The ecosystem, as it stands, consists of an application interface, eWallet suite, Plasma Blockchain scalability framework, decentralised exchange layer and a proof of stake consensus mechanism. The thought process is that once connected to Ethereum and plasma, users will be able to receive, send and store digital currencies and tokenised fiat on the eWallet software. The medium post added, “We will expand the capabilities of the OMG Network to support additional currencies, working toward a fully currency agnostic exchange.” As said by Ethereum World News, a big part of the ecosystem is Plasma and this layer of 2 scaling solution could introduce a whole new area for transaction speeds to the current blockchain systems which are essentially limited. Plasma takes the pressure off the root chain with a few extra security protocols. DevCon4 is the next venture for the team, however, part of which includes the auditing of the network and plasma integration by Quantstamp, a smart contract company. You can see the two firms interacting on Twitter here: Thank you @Quantstamp for all your hard work and valuable feedback so far! https://t.co/BXoq2jtl6z — OmiseGO (@omise_go) 30 October 2018 What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post OMG Have You Heard About The New OmiseGo Update?! appeared first on Crypto Daily™.

15 days ago

OmiseGO (OMG) Recovering as Ecosystem Update Posted, Plasma Audit Successful

Few altcoins have survived the bear market of 2018 and OmiseGO has been no exception. Some have simply fallen away while others continue on with their projects regardless of token market prices. The Omise team has done just that, recently updating the community on latest developments in the ecosystem. Yesterday’s medium post serves as a reminder that the project is still sticking to its roadmap and new developments are still being made. The team has moved away from a milestone model stating; “It’s been our experience that the milestone model has led to a cycle of waiting, speculation, frustration, brief excitement upon release, and then recommencement of waiting, with not enough clarity in between.” Instead they are using a tracker to show progress on a smaller timescale which lists tasks to be completed for each milestone. The aim is to make periods between each milestone “less mysterious and interminable”. The OMG Network aims to serve as a decentralized exchange (DEX). The current ecosystem consists of a eWallet Suite and Application Interface, Plasma Blockchain Scalability Framework, Decentralized Exchange Layer, and Proof-of-Stake Consensus Mechanism. The concept is that once connected to Ethereum and plasma, users will be able to send, receive and store cryptocurrencies such as ERC-20, ERC-721, tokenized fiat, and so on using the eWallet software. “We will expand the capabilities of the OMG Network to support additional currencies, working toward a fully currency agnostic exchange,” the post added. Plasma is a big part of the ecosystem and this layer 2 scaling solution could bring a whole new realm of transaction speeds to current blockchain systems which are fundamentally limited. By using child chains Plasma takes the pressure off the root chain with additional security protocols. The team is gearing up for DevCon4, part of which includes the auditing of the network and Plasma integration by smart contract security firm, Quantstamp; Thank you @Quantstamp for all your hard work and valuable feedback so far! https://t.co/BXoq2jtl6z — OmiseGO (@omise_go) October 30, 2018 “Tesuji Plasma is the first iteration of OmiseGO plasma-based implementation. The design is based on Minimal Viable Plasma. Tesuji is currently on our internal testnet. Audits are in progress with Quantstamp and Synthetic Minds” At the time of writing OMG is one of the few altcoins recovering today. According to CMC it is up 3.5% to $3.21. Over the past few months however OMG has suffered the same fate as all of the other altcoins, a big attack of the bears. The post OmiseGO (OMG) Recovering as Ecosystem Update Posted, Plasma Audit Successful appeared first on Ethereum World News.

15 days ago

OmiseGO Registers Gains Following the News of a Successful Plasma Audit

In a medium post, smart contract security company Quantstamp announced that OMG's plasma audit was successful. Plasma which is part of OMG's ecosystem is a scaling solution which will increase transaction speeds to the blockchain systems that are currently in use. The announcement of the successful plasma audit impacted the OMG price notably. Following the announcement, OMG registered gains of 3.5% to trade at $3.21. The gains were significant since the market is currently stable with coins recording minor price changes.(KE)

15 days ago

Deeply grateful to be part of making blockchain history. Aud...

Deeply grateful to be part of making blockchain history. Auditing the OMG Plasma Smart Contract just in time for De… https://t.co/h2IFDLtOBe

15 days ago

Three Years Later, Ethereum’s Hottest DApps Are (Still) ICOs and Cats

With Ethereum’s launch in 2015 came a flurry of excitement over the future potential of smart contracts.Utilizing a more flexible scripting language than Bitcoin, the platform’s decentralized applications (DApps) were touted by proponents as unlocking a plethora of formerly untapped use cases for the blockchain. From tokenized assets and blockchain-based legal contracts to healthcare records and supply chain tracking, DApps are going to remold traditional industries in their image, solve bottlenecks and revolutionize enterprise inefficiencies out of existence.More than three years later, and we’re still waiting for the revolution.The Hard Truth of Modern DApp UseTaken in sum, Ethereum’s top 10 smart contract addresses account for just over 29 million transactions. Sounds substantial, as though the network is cracking on toward mainstream adoption, yeah? The reality: this transaction volume went to DApps that are used for token sales, decentralized exchanges and trading digital kittens.Source: SFOX This is according to research by SFOX, a cryptocurrency prime dealer for high net worth individuals with backing from the likes of the Digital Currency Group and Blockchain Capital. The data was compiled on behalf of SFOX’s clients, the firm told Bitcoin Magazine, as it “regularly reviews the usage of blockchains of the crypto assets [it] supports.” Using Jupyter Notebook to pull data from Google’s public dataset for Ethereum, the firm compiled a list of the most popular Ethereum smart contract addresses to see which DApps were gaining traction among the community.Source: SFOXThe results are in line with a common qualm amongst the community’s more discerning and critical voices, namely that DApps are used for little more than token speculation and exchange. Out of the 10 smart contracts that merited SFOX’s attention, only one was a tokenized use case that wasn’t either an exchange or an ICO contract.In fact, the two most popular DApps were decentralized exchange (DEX) contracts for Ether Delta (now known as Forked Delta) and IDEX, respectively. As this data shows, the two DEXs are go-to hubs to trade ether and ERC-20 tokens, the most common token standard for minting assets on the Ethereum blockchain. Ether Delta has accounted for 10,354,398 transactions since its inception, while IDEX clocks in at 4,590,376.In a show of irony, the third most popular smart contract was used to fund Ethereum’s leading competitor, EOS. Before launching its mainnet in June 2018, smart contract platform EOS held a continuous token sale, a year-long ICO that drew in billions in funding through 2,952,885 transactions. Two other Ethereum-based ICOs, Tron and OmiseGo, also made the list with 1,967,331 and 1,350,274 transactions, placing the cryptocurrency platforms at fifth and tenth, respectively.The only smart contract on the list that doesn’t involve speculating or supporting exchange infrastructure comes in the form of what some have called “digital Beanie Babies.” Depending on the angle you take, even these could be considered a vessel for investment. CryptoKitties, a blockchain-based game for trading, breeding and collecting digital cats, has seen 2,568,983 transactions since it launched last November. Built on the ERC-721 standard for non-fungible assets, each kitty is unique and sports its own distinct traits. The game grabbed headlines in the weeks following its release last year as enthusiasm for the pixilated felines drove prices for some of the rarer kitties to tens of thousands of dollars. This frenzied-demand clogged the Ethereum network, driving up transaction times and costs.The Inroads of Speculation and Innovation The only other notable smart contract that made SFOX’s list comes from Bitcoinereum, the self-proclaimed “first bitcoin mineable ERC-20 token,” ringing up 1,451,763 transactions by paying out mining rewards through the token’s smart contract. As for the rest, Bittrex’s and Poloniex’s wallet reserves for managing and trading ether and tokens account for more than 5 million shared transactions.Of course, Ethereum DApps aren’t the only DApps in use today. EOS has emerged as a powerful rival, and, depending on the day, the platform surpasses Ethereum in transaction volume and users.Still, the use cases on EOS are the same. If they’re not being used for exchange, EOS tokens are used to power smart contract-enabled games or gambling, two gaming applications it shares with its number one competitor Ethereum.Even if they do feed gambling habits and fuel speculation, these gaming DApps are fine use cases in their own right. In correspondence with Bitcoin Magazine, SFOX CEO Akbar Thobhani believes that “CryptoKitties is doing a great job, and it's clear that they continue to have traction.”But the technology is still very much in its infancy, and the smart contracts being used today are a far cry from the ones that optimistic futurists say will underwrite loans, settle legal contracts and tokenize anything from equiti

16 days ago

Decentralized Exchanges Dominate ETH Smart Contracts

Three years after Ethereum launched, the main use for smart contracts is trading tokens. That’s the takeaway from a study by SFOX, a California-based cryptocurrency trading platform, which analyzed the top 10 smart contracts by number of transactions. Researchers used Google’s BigQuery to examine Ethereum’s public dataset. A smart contract is code that automatically transfers value to other contracts or people, and it can be applied in various industries including financial services. The top 10 addresses average nearly 3 million transactions, however the list is top-heavy. Decentralized exchanges by far have the most number of transactions with EtherDelta leading the way at 10.3 million transactions as of Sept. 24. IDEX, another decentralized exchange comes in second at 4.5 million transactions. This type of exchange lets users buy and sell cryptocurrencies without a centralized intermediary holding on to the funds. That is, crypto traders and investors can transact simply by using private keys. Decentralized exchanges account for 20% (or two overall) among the top 10 smart contract addresses, but EtherDelta and IDEX have nearly 15 million transactions combined. “This shows that usage of Ethereum smart contracts remains typically constricted to exchanging ether, Ethereum-based tokens on exchanges, and creating ERC-20 and ERC-721 tokens,” according to SFOX’s researchers in an Oct. 23 blog post. “The more speculative uses of smart contracts, such as prediction markets or buying and selling real estate, have yet to hit significant mainstream usage.” Initial coin offerings (ICOs) of ERC-20 tokens have 40% (or four overall) of the top 10 smart contract addresses, but ICOs do not nearly have as many transactions as decentralized exchanges. In fact, EtherDelta alone has 35% more transactions (10.3 million) than all ICOs in the top 10 combined (at nearly 7.6 million). ICOs on the list include EOS (3rd overall), Tron, (5th), Bitcoinereum (9th) and OmiseGO (10th). EOS’s transaction count is 2.9 million; TRON’s is 1.9 million; Bitcoinereum’s is 1.4 million; and OmiseGO’s is 1.3 million. And the list wouldn’t be complete without a virtual sensation. The viral CryptoKitties project ranks fourth with 2.5 million transactions. The Ethereum-based project lets users trade, collect and breed virtual cats. Each kitten takes the form of a unique, non-fungible ERC-721 token that “lives” indefinitely on the blockchain. Users who own an ERC-721 token by having access to its private key essentially own and control the virtual cat. Finally, centralized exchanges make up the rest of the transactions in the top 10 smart contract addresses. Poloniex’s transaction count is 1.7 million (6th); Bittrex’s is 1.5 million (7th); and Bittrex Wallet’s is also 1.5 million (8th). These exchanges hold users’ funds directly and function as centralized intermediaries in the trading of crypto assets. These statistics show that despite all the ideas being developed on Ethereum network, and there’s a wide variety, people have gravitated towards practical applications. Notably, these are decentralized and centralized exchanges as well as ICOs, with users preferring decentralized platforms. And let’s not forget CryptoKitties. The author holds digital assets but none mentioned in this article. The post Decentralized Exchanges Dominate ETH Smart Contracts appeared first on Crypto Briefing.

19 days ago

SharesPost Launches ERC-20 Token Index

You’ve heard of the Dow Jones Industrial Average, the NASDAQ Composite and the S&P 500. There are also crypto indices, like those by Coinbase and Galaxy Digital. And now there’s one more. On Thursday, SharesPost launched the SharesPost Token Index to track the growth and maturity of ERC-20 token market. According to the San Francisco-based financial services company, the index is representative of the broad blockchain sector and includes credible projects whose digital tokens have defined utility. Among the cryptos included are Binance (BNB), OmiseGO (OMG), Ox (ZRX), Zilliqa (ZIL), Aeternity (AE), Basic Attention Token (BAT), Pundi X (NPXS), Holo (HOT), Augur (REP), Populous (PPT), WaltonChain (WTC), IOST (IOST), aelf (ELF), Bancor (BNT) and Loopring (LRC). These blockchain projects are ranked at least No. 89 (Bancor) on CoinMarketCap, while Binance Coin is the highest-ranked token at No. 14 with $1.26 billion in market capitalization. The firm’s Token Index gives long-term investors the ability to view in real-time and on daily basis at how a composite of credible blockchain projects are performing against Bitcoin (BTC) and Ethereum (ETH). Its purpose is to inform investor decisions. Since July the index has outperformed Ethereum and underperformed Bitcoin. And over the past 12 months (since October 2017), the index of ERC-20 tokens has grown 17 percent. During the same period, Ethereum has dropped 17 percent while Bitcoin has increased by 59 percent. “We saw a need to provide a meaningful measure of token performance to help inform investor decisions and make the market more comprehensible for everyday people,” said CEO Gregory Brogger in Oct. 25 statement. Not all tokens are treated equally. The index is calculated using a market cap-weighted methodology that uses factors such as circulating supply, market cap, trading volume, trading history and token price to reflect the maturity of the market. The current weighting consists of 31.93% Binance Coin, 12.55% OmiseGO, 10.24% Ox, and 7.33% Zilliqa as four largest ERC-20 tokens that constitute the SharesPost Token Index. Binance Coin (BNB) is the digital coin of the world’s largest cryptocurrency exchange, Binance, in terms of trading volume. At $9.80 it’s down 60% from its all-time high of $24.50 in January. The second-largest project by market cap, OmiseGO, provides decentralized financial solutions across borders. Observers say that blockchain tech is unlocking the potential of the financial sector. “Blockchain technology has completely redefined the idea of a traditional transaction,” Marshall Hayner, CEO of Metal, told Crypto Briefing. “Financial banking, credit card systems, and investment portfolios are all so integral to our society, but completely intimidating to the average consumer .... Blockchain as a framework, which does not warrant a third-party, has unlocked potential for an entirely new type of banking, and in turn, has the ability to strengthen us as a society.” At $6,480 Bitcoin is down 68% this year from its all-time high of nearly $20,000 in January. At $204 Ethereum is down 85% from its all-time high of nearly $1,400 in January. The $209 billion cryptocurrency market is down 75% from its all-time high of nearly $830 billion in market capitalization. The author holds Bitcoin which is mentioned in this article. The post SharesPost Launches ERC-20 Token Index appeared first on Crypto Briefing.

19 days ago

Daily Cryptocurrency News - 19th October 2018

Welcome to our Daily News article. Here are the most important news of October 19th: Omise Receives Support from Capital Firm for its Blockchain PayPal Alternative The Japanese venture capital firm Global Brains announced a new significant investment. The capital firm invested on Omise Holdings; this also includes investors 31VENTURES and SMDV. Furthermore, the investment aims towards financing Omise’s expansion plans in Japan. It is also intended to support the development of Omise’s financial infrastructure. An infrastructure that has a PayPal-like service and an Ethereum-powered decentralized exchange. Moreover, the firm said that there is a need to develop an infrastructure for border-less payments. This infrastructure with innovative tools will be OmiseGo’s priority as it expands globally. According to OmiseGo, global expansion is a key growth driver for businesses around the world. They said that current financial transactions on platforms are built on infrastructures that are not geared to support global commerce needs. They also noted that as global commerce grows, conducting payments anywhere becomes a necessity. Omise will seek adoption in Southeast Asia as part of their strategy, starting with Japan. The company will leverage on it OMG Network, eWallet Suite, and OMG DEX financial tools. This will enable local businesses and users to conduct daily finance operations from the comfort of their mobile phones. It will be interesting to see the progress that will come from this investment. Monero Launches the Revolutionary Bulletproof Update Source: CoinBureau Monero, the cryptocurrency network with a focus on privacy and efficiency has launched their new update. Monero’s latest network upgrade is a significant protocol change. Besides bug fixes and reduced transaction sizes, the most important new features are the bulletproof and the updated PoW algorithm. The scheduled protocol upgraded went successfully and Monero compatible Bulletproofs are thus live on mainnet! 🎉 — Monero || #xmr (@monero) October 18, 2018 Bulletproofs will increase the level of security to the platform. They can reduce transaction size up to an 80%, (which translates to 80% reduction of fees.) Also, the speed required to verify a bulletproof is lower than the traditional range proofs. According to Monero, now a fee for a normal Monero transaction is about $0.005 to $0.01. The developers said that users must upgrade their wallets and nodes as using the old version can cause to lose transactions. With a new implementation in the world of Monero, the platform will undoubtedly rise in popularity. Even though Monero hasn’t gone through the good news this year, this update puts a big step on Monero becoming incredibly popular. Better privacy, efficiency, and ease of use with the update will be very significant for the users. At the time of writing, Monero is $103 and has the potential to rise due to this big update. ICON (ICX) Reveals Relationship With South Korean Government Source: CryptoSlate In a recent post, the Head of Research at Deblock and the VC and accelerator partner at ICON, Markus announced a close relationship with the South Korean Government. Moreover, he emphasized how vital is government decision in the cryptocurrency industry. According to him, this is the primary reason that the country hosts some of the most successful cryptocurrency exchanges in the world. About ICON ICthe ON is the top platform in South Korea when it comes to serving corporations using blockchain technology. According to a Medium post, the business partnerships with Line, Samsung, SK Planet, and Smiligate. All of them being very predominant in their respective industries. The platform has been partnering with many core government initiatives, such as: Educational services Healthcare services Customer services Insurance services Moreover, this July, the South Korean Government chose ICONLOOP to support the election development. According to sources, ICONLOOP took the position as blockchain technology consultant for ‘Building the Next Generation Election System based on Intelligence Information Technology’, launched by the Korea National Information Society Agency and supervised by Korea National Election Commission (NEC). However, things have not been fortunate for ICON. ICX, their native token has dropped way down the market cap chart and is currently ranked at 32th with $271 million. Its current price is USD 0.69 which is its lowest level for a year, and this means about 94% down from its all-time highest of over $12. It is interesting the point by Markus, and the relationship of ICON with South Korea could indeed make the native token price skyrocket. The token has a higher potential now with the new connections. Binance is Looking to Add New Stablecoins Binance, the world’s largest crypto exchange is looking to list new stablecoins to the platform. Besides the three stablecoins already added (which include USDT) Binance wants to keep

21 days ago

OmiseGO Continues to Work on Plasma, Shares Update on Progress

OmiseGO, one of the most exciting projects being built on top of Ethereum, is also one of the most... The post OmiseGO Continues to Work on Plasma, Shares Update on Progress appeared first on Invest In Blockchain.

22 days ago

‘OMG Hacked!’ Twitter Blocks Elon Musk After Bitcoin Tweet

Elon Musk suffered a temporary ban of his Twitter account after advising people to buy Bitcoin, he revealed October 22. Musk: Twitter ‘Thought I Got Hacked’ In a move which focused attention on the social media platform’s controversial cryptocurrency policy, Twitter cut off access to Musk’s account after he sent a tweet as part of a debate on a separate topic. “Twitter thought I got hacked & locked my account,” he subsequently confirmed. Twitter thought I got hacked & locked my account haha — Elon Musk (@elonmusk) October 23, 2018 Cryptocurrency figures were quick to react, UK-based entrepreneur and investor Alistair Milne suggesting the tweet’s inclusion of the term ‘Bitcoin’ had unfairly led to the block, which would not have happened with posts containing certain other terms. “Tweet about Bitcoin = OMG, hacked, lock his account!!” he summarized. Twitter’s Bitcoin Fails Musk frequently mentions cryptocurrency and interacts with its online community via Twitter, in September publicly reaching out to Dogecoin creator Jackson Palmer for help fighting the platform’s now infamous scam bots. The botnet phenomenon served to increase criticism of Twitter which already abounded due to an unpopular ban on cryptocurrency advertising which began earlier this year. Despite claiming it wished to avoid subjecting users to scams by using a ban, executives later came under fire for failing to address the bots, which continue to advertise fraudulent competitions and free money while impersonating well-known cryptocurrency figures and businesses. The backlash has also taken the form of a mass migration to open source alternative Mastodon, Bitcoinist reported. Twitter meanwhile remains the only one of the ‘big three’ internet players which instigated crypto ad bans not to have reversed its decision to any extent. Both Facebook and Google, having drawn similar ire, later revealed they would relax their restrictions. At the same time, Twitter CEO Jack Dorsey, who also leads pro-Bitcoin payment gateway Square, has adopted a highly-bullish outlook on Bitcoin’s future, suggesting it could become the world’s “single currency” by 2028. What do you think about Elon Musk’s Bitcoin tweet? Let us know in the comments below! Images courtesy of Shutterstock, Twitter The post ‘OMG Hacked!’ Twitter Blocks Elon Musk After Bitcoin Tweet appeared first on Bitcoinist.com.

23 days ago

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

CryptoNinjas Japanese venture capital firm Global Brain (GB) has announced it has made an investment in Omise Holdings Pte Ltd (Omise), the Asia based financial technology provider through its GB-VI Growth Fund Investment Limited Partnership (GB-VI) and 31 VENTURES... Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

24 days ago

OmiseGO Secures Funding Led by Japanese VC Firm Global Brain

One of Thailand’s most well-known blockchain startups, OmiseGO, has secured funding, led by an undisclosed amount from Global Brain,... The post OmiseGO Secures Funding Led by Japanese VC Firm Global Brain appeared first on Invest In Blockchain.

25 days ago

Why Are Altcoins No Longer Getting Good News Boosts

Last year news of a new partnership however small, or new software or wallet upgrades, or a hard fork, airdrop, the possibility of an exchange listing, or even a shill from a crypto pundit, would have a major effect on the price of a cryptocurrency. Daily pumps of altcoins were commonplace and the ecosystem was an exciting one to be in. 2018 however seems to have been the complete opposite with bears smashing the markets despite positive news coming from several directions. This week has been a prime example with a number of altcoins getting some good news but seeing no positive effects on prices. Those that do get a pump usually get dumped the following day or sooner anyway, the momentum is just not lasting. The Coinbase announcement of 0x listing should have sent ZRX to the moon as it did with previous cryptos. This did not happen and the news was marred with accusations of insider trading and criticism of the 0x protocol. The token did pump to over a dollar on Wednesday but has since lost over 17% and still looks very bearish. 0x is down over 52% in the past six months despite the developments. Then there is Tron which gets daily fomo inducing pumps from founder Justin Sun and the rest of the team. Most of these ‘partnership’ teasers are insignificant but the latest one regarding collaboration with Baidu should have had a bigger impact. Granted, there was no actual partnership but the fact that China’s largest internet company will be working with the Tron Foundation should have had some effect on TRX prices. It didn’t as TRX spiked a little on Monday but has lost almost 7% since then and is down over 70% in the past six months. Next up is Omise which received a large investment from a Japanese venture capitalist firm this week in order to target enterprise adoption in Southeast Asia as a part of its strategy. Last year this would have sent OMG skyrocketing but this week it hardly moved. There was a tiny 5% movement after the announcement this week but again the altcoin has fallen back from its weekly high and is a whopping 82% down on its prices six months ago. Qtum has faced similar disappointment. News this week that it would be partnering up with Amazon Web Services in China should have made a positive impact on token price. After a little spurt to over $4 QTUM as slid back 3.5% as the bears keep selling. Over the past six months Qtum has also lost over 80%. ICON is similar; having made major inroads with the South Korean government its token price is still on the floor. ICX is currently down 4% from its weekly high and has been smashed 85% in the past six months. The list goes on with Stellar, Monero, Neo, Ethereum Classic, Tezos, Maker, and BAT all getting good news and positive developments over the past couple of months but not seeing any beneficial price action. It seems that all those that have been burnt during the first half of the year are out of the market and are too afraid to get back in. Cryptocurrency levels now are back to mid-2017 prices and it will take a lot more than positive news to see them surging again. The post Why Are Altcoins No Longer Getting Good News Boosts appeared first on Ethereum World News.

a month ago

YoBit.net scammers and incompetence

Yobit.net has recently raised a significant amount of controversy and potential unethicality surrounding their broken platform and recent institutional pump. Well, today I am examining their community, which seems to be fraught with the foul stench of Yobit.net scammers. These scammers pose as official YoBit.net support or staff, pretending to offer assistance. They are obviously not part of YoBit.net support, though they mimic the broken English found on the official support chat. This broken English on part of the scammers is used either to increase believability and consistency, or by happenstance. I reached out for comment and was refuted by them (I guess a scammer doesn’t want to talk to the press, ha!) The YoBit scammers I have come across are your typical fraudsters, we’re dealing with fairly high-level con-artists. These scammers are people posing as official YoBit.net support staff and are well trained and prepared to take your bitcoin. One group even has the ability to send emails that seem to come directly from YoBit.net’s own official account. If you aren’t careful you too may fall victim to this scam involving users of the already misleading and unscrupulous YoBit.net crypto-exchange. YoBit.net scammer anatomy Scamming unsuspecting people is easy when the scammer has a plan. Points of a scam Scammers seem legitimate They live far away They use impressive claims to support their scam They give short deadlines Use of unusual payment vehicles They send little information after payment They can be undone by simple homework Scammers abuse trust The scammers in the YoBit community seem to use the behaviors presented in points 1, 2, 3, 4, 5 (but usual for the crypto space), 7, and 8. I never paid any of them so I can’t say for sure if 6 applies, but we can assume it does. Scammers seem legitimate YoBit.net scammers do seem legitimate. They use names that reflect that they are part of the company team, even going as far as using names of the support staff. They even control a very large official-looking Facebook account named YoBit.net. with over 30k likes, which seems legitimate - but it is not. A Facebook account completely controlled by Scammers, taking advantage of the YoBit.net brand. Once you reach out to this page, they have you communicate with an unaffiliated email address by the domain extension “YoBit.help” which is not official. They then ask you to send them some arbitrary amount of bitcoin or other cryptos for support. Once the BTC is sent they are never heard from again. This specific instance was about the deactivation without warning of a coin called Capricoin (CPC). CPC has an active community, updated source code, live support, and reasonable 24hr volume. This is what you can expect to get from one of these scammers. DO NOT fall for it, they are not affiliated with YoBit.net and will be unable to fix your issue even after payment. A conversation within the official YoBit.net Twitter thread. The YoBit.net scammers even use the threads of the official YoBit.net Twitter to claim themselves as support employees. Without any in-line replies from the official YoBit.net handle - so it may seem reasonable that support is in their official thread. It is not, these are scammer accounts attempting to use the official YoBit handle’s thread to get new marks. Communication with a scammer posing as “Robert Reese” on Telegram. The scammer above was able to send emails to my personal address, and they looked like they came from the official email of YoBit.net “Mailer@YoBit.net”! Email from Yobit.net that looks official but is unverified The email above looks to be legitimate with but one major key difference. The question mark icon to the left of the sender’s information. If you hover over that question mark it says “Mail couldn’t verify that yobit.net actually sent this message (and is not a spammer)”. Most people would not consider checking into a communication this far unless they already suspected this to be a scam. An unverified Yobit.net email address. This email is “unverified” which means it was signed by another SMTP (Simple Mail Protocol Protocol) server. This means that the scammer can send emails that on the surface look like they are directly from YoBit.net themselves but are not. We took this information and asked YoBit.net support on the official ticket submission page of their site. Just asking if they knew about this, and just to make extra sure that it was an unaffiliated group. After explaining that we had received a message from their official email address support replied with “Scammers don’t pay on scammers Telegram or Twitter?”. The medium of communication was not shared, this was direct email correspondence. This shows that YoBit.net knows they are being used as a method for scammers to take money from unsuspecting individuals and does little to stop it. The scammers live far away This is true for the YoBit.net exchange location and probably for the locations of the s

a month ago

Cryptocurrency Market Update: FOMO Failing, Good News Not Helping Altcoins

FOMO Moments More declines as we approach the weekend; Bitcoin Cash, Iota and Tezos sliding. The lassitude continues as we end another week in crypto land. No momentum has come from anywhere despite several positive news developments for a number of crypto projects. Total market capitalization has dropped back below $210 billion as cryptos sink into the weekend. Playing the digital piper is Bitcoin, falling back a percentage point on the day to $6,480. Technical gurus are calling a descending triangle and failure to break resistance so further losses could be imminent. Ethereum is the same, falling back another 2% today to take it to $203, a very low level. The altcoins are mostly red at the moment, with very tiny gains for a handful of them. The top ten is all red with the exception of Tether which is still trying to claw its way back to a dollar. Leading the losses are XRP, Bitcoin Cash and Cardano all falling over 3% during the morning’s Asian trading session. The rest are between 1-3 percent down. The top twenty is equally as bleak with Iota dropping the most at 4.3% back to $0.495. Dash, Tezos and VeChain are all down just over 3% and the rest not far behind. Today’s big pump is Polymath which has surged 20% at the moment on a new partnership with Netcoins to provide crypto OTC services for security token issuers. tZero has also issued its first security token which has revived interest in POLY. Aelf is also doing well with a 15% pump right now. Taking a hit is PIVX which pumped yesterday. The dump was predictable and it is leading the red half of the top one hundred dropping 11% on the day. Metaverse ETP is also sliding over 8% at the time of writing. There has been another decline in total crypto market capitalization. Today it is down almost 2% to $208 billion. Trade volume hasn’t changed from $11 billion and the sideways channel is still intact with very few signs of a breakout. Good news is having no effect with altcoins such as Tron, 0x, OmiseGO, Icon, and Qtum all posting positive developments this week but seeing prices slide further back. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: FOMO Failing, Good News Not Helping Altcoins appeared first on NewsBTC.

a month ago

OmiseGO Close To Completing Plasma Integration

OmiseGO, one of the most popular projects on the Ethereum network, recently announced important advances in Plasma development and integration. In the monthly Community Update, the OmiseGO team explained that during the last month they made a series of significant advances in the development of applications based on Plasma technology. The project, which the OmiseGO team calls “Tesuji Plasma” would be the first plasma iteration and is of particular relevance since it provides the basis for the building of future iterations. They mention in the post that they have already achieved the successful development of all the elements necessary to meet the objectives set out in their roadmap: Proof of Authority run on OmiseGO servers Exit to Ethereum for final safety CLI (command line interface) to monitor the child chain Multiple currencies (initially this means ETH and ERC-20) Atomic swap support Despite the optimism, the team hinted that the developments are not yet mature enough to be officially implemented, even though every single milestone already has an impressive degree of completion: The first four (PoA, exits, CLI, multiple currencies) are done and on internal testnet. Atomic swaps are a feature, not infrastructure, so although they are among the list of goals they are not a necessity for launch. When the time comes, we’ll go ahead to regardless of whether atomic swaps are ready to go. The OmiseGO development team mentions that to facilitate the work, they divided efforts into two stages: Minimum Viable Plasma (MVP) which is a kind of basic implementation and More Viable Plasma (MoreVP) which is more user-friendly and entails a higher level of elaboration. Another significant development was the successful implementation of a series of libraries that allow the creation of smart contracts on OmiseGO’s Minimum Viable Plasma (MVP) platform. It is expected that all testing will enable the implementation of a more refined library in MoreVP soon. Other announcements were the release of an eWallet, a Plasma Workshop, and several events in which they presented the platform more than anything else in the Asian continent. The post OmiseGO Close To Completing Plasma Integration appeared first on Ethereum World News.

a month ago

Omise Bags Japanese Investment to Support its Blockchain PayPal Alternative

Japanese venture capital firm Global Brains has invested an undisclosed sum into Omise Holdings, a Thailand-based FinTech service provider, the companies announced in a press release. Global Expansion The investment, which is also led by 31VENTURES, a venture capitalist arm of Mitsui Fudosan, one of the largest real-estate developers in the country, and returning Indonesian venture capital SMDV, is aimed at financing Omise’s expansion plans in Japan. It would also offer support to the development of Omise’s financial infrastructure, which includes a PayPal-like payment and remittance service, and an Ethereum-powered decentralized exchange. Improving the traditional financial infrastructure with innovative tools will be Omise’s prime agenda as it expands into new territories. The startup recognized the millennial’s need for a border-less and speedy payment service as their businesses grow globally. “Global expansion is a key growth driver for businesses around the world, yet financial transactions are being processed by legacy platforms built on infrastructures that are not geared to support global commerce needs,” the Omise statement read. “As global commerce and population movement grow, the ability to conduct payments anytime and anywhere becomes a necessity.” Omise will, therefore, eye enterprise adoption in Southeast Asia as a part of its strategy, beginning with Japan. The company will leverage on it OMG Network, eWallet Suite, and OMG DEX financial tools to enable local businesses and individuals to conduct day-to-day finance operations from the comfort of their mobile phones. In a statement to Tech in Asia, the company’s spokesperson acknowledged Japan’s enthusiasm towards blockchain-enabled startup like theirs. “We have [many] services under Omise Holdings which our investors’ portfolio companies could choose to implement according to the requirements of their business needs,” the spokesperson said. Investors’ Strategic Participation Omise and Global Vision has previously partnered on a few ongoing blockchain projects, including the Ethereum Community Fund (ECF) and Neutrino, a blockchain focused co-working space. The lead investor, alongside Mitsui Fudosan and SMDV, has committed that they will leverage their resources to support the Omise blockchain ecosystem’s “penetration into Japan, Southeast Asia and another key, high-growth markets.” The companies will do so by assisting Omise building relationship with their clientele and other business partners. “We are excited our investors have affirmed their continued support for Omise with their contribution to this latest funding,” said Jun Hasegawa, CEO & Founder of Omise. We look forward to engaging in broader partnerships and opportunities to tap into Japan’s rapidly evolving market.” The investment once again marks the mainstream industrial giants’ mounting interest in the blockchain, despite it being refuted by some economists. Omise particularly has gained momentum as an Ethereum-powered startup which has backing from some of the very knowns of the industry. The company’s previous funding round in 2016 had attracted $17.6 million in funding, led by SBI Holdings. In its ICO round that took place in 2017, Omise had raised $25 million in cryptocurrencies. Image from Shutterstock The post Omise Bags Japanese Investment to Support its Blockchain PayPal Alternative appeared first on NewsBTC.

a month ago

Ethereum Cofounder Vitalik Buterin Answers Dr Doom’s ‘Ether Scam’ Claim

Was the Ether premining a “criminal” act, and should Ethereum cofounder Vitalik Buterin be called out for this “scam”? Notable economist and New York University professor Dr. Nouriel Roubini thinks so. Roubini is frequently referred to as Dr. Doom for successfully predicting the 2008 financial meltdown. He is now suggesting that the premine phase of Ether was a fraud. What Does Roubini Claim? According to the economist, Buterin perpetrated a scam in the name of Ether. He took to Twitter to explain this to his followers and wrote: @VitalikButerin was the ring-leader - together with Joe Lubin - of the criminal pre-mining sale/scam that created Ether. They stole 75% of the Ether supply and became instant "billionaires" of fake wealth. https://t.co/d3ltYuce4u — Nouriel Roubini (@Nouriel) October 10, 2018 Roubini is not a cryptocurrency enthusiast, and he recently compared digital coins to North Korea. He noted that Bitcoin wealth is more centralized than North Korea wealth, citing the Gini inequality coefficient, which is worse for Bitcoin than the North Korean dictatorship. Statistically, the Gini coefficient, which shows wealth distribution, is 88 percent for Bitcoin and 86 percent for North Korea. A Gini coefficient of 100 means extreme inequality, while 0 suggests perfect wealth equality. Roubini has repeatedly called decentralization a myth and said that decentralized applications are Ponzi schemes. At the Senate Banking Committee held on Thursday, Oct. 11, the economist also called Bitcoin the “mother of all scams” and said that blockchain is the most hyped tech ever. What Did Buterin Say? In response to the tweet, Vitalik Buterin wrote on Twitter: I never personally held more than ~0.9% of all ETH, and my net worth never came close to $1b. Also, I'm pretty sure there are no criminal laws against pre-mining. — Vitalik Non-giver of Ether (@VitalikButerin) October 10, 2018 One Twitter user went on to ask Buterin if he would disclose his cryptocurrency trading activity to the public, including the presale. Buterin provided an etherscan link of an address that contains 365,000 ETH. At current values, the 365,000 ETH is worth over $71 million. Buterin also reportedly holds $100,000 worth of OmiseGo (OMG) coins. OmiseGo is an open-source payment network and a decentralized exchange built on the Ethereum blockchain. Buterin also said that he holds a few other crypto addresses in which he holds small crypto holdings. The etherscan address he provided reportedly holds a majority of his crypto coins. Ethereum Cofounder Vitalik Buterin Answers Dr Doom’s ‘Ether Scam’ Claim was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

Coinbase Lists Its First Ethereum ERC20 Token, 0x

Coinbase, the biggest cryptocurrency exchange headquartered in the United States, has listed its first Ethereum ERC20 token. The lucky ERC20 token is 0x, the #25 crypto on CoinMarketCap with a market cap of USD 414 million as of this writing on 12 October 2018. This opens up the door for many more Ethereum ERC20 tokens to be listed on Coinbase. Getting listed on Coinbase is major news for any crypto since it makes them easily available throughout the United States as Coinbase is the go-to place to buy crypto in the country. This increases demand and price for any crypto that gets listed on Coinbase. It has been announced a while ago that 0x would likely be added to Coinbase, and 0x began to rally in the middle of September from USD 0.51 to USD 0.77 today, a 50% rally. The rally became more aggressive in the past couple of days due to Coinbase finally listing 0x. 0x is available for fiat to crypto trading on Coinbase Pro, and will soon be rolled out across all Coinbase platforms. 0x is the 6th crypto to be listed on Coinbase, the others being Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic. Coinbase announced near the beginning of October that it was opening a new application process, and was planning on adding every possible crypto to its exchange, eventually becoming like Binance which has hundreds of cryptos available for trading. 0x is just the first of many cryptos that will likely be added to Coinbase, and as seen with 0x, getting added to Coinbase has a very positive impact on a crypto’s market price. Therefore, if Coinbase truly ends up listing all major cryptos, it could have a significant impact on the overall crypto market. ERC20 is a protocol to make a token using the Ethereum blockchain, which is essentially a cryptocurrency that uses the Ethereum blockchain to secure itself. Numerous major cryptos are Ethereum ERC20 tokens, like Binance Coin, Maker DAO, OmiseGO, Aeternity, Basic Attention Token, Golem, Holo, Augur, Status, Populous, Waltonchain, and Chainlink. These are just the ERC20 tokens that have market caps in excess of USD 100 million, there are many more besides this with lower market caps that are still quite popular. Now that Coinbase has added 0x, it would be quite easy to add any other ERC20 token since they use the same backbone technology, and considering Coinbase’s new policy to add every worthy crypto, it is likely that many more ERC20 tokens will be added to Coinbase in the coming months. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Coinbase Lists Its First Ethereum ERC20 Token, 0x appeared first on BitcoinNews.com.

a month ago

$17 Billion Wiped Off As Market Crashes And Bitcoin Trades Below $6,300

The State Of The Market — October 10, 2018 BTC: $6,260.24 (-4.69%) ETH: $198.67 (-12.16%) XRP: $0.4009 (-14.32%) After weeks of stability and low volatility, the crypto market crashed today, wiping out more than $17 Billion in a few hours. Bitcoin went from $6,600 to $6,271.57, losing 4.53%. Ethereum and XRP suffered bigger losses, with Ethereum going below $200 once again. In fact, most cryptocurrencies saw double-digit losses today. Some analysts speculate that today’s crypto market crash was a result of wider losses sustained on the global markets in Asia, Europe, and the US. In other news, Harvard, MIT, and Stanford have all jumped on the Crypto Bandwagon by investing in cryptocurrencies. Just last week, Yale University revealed that it had invested in a $400 Million Crypto fund. Also, according to Chainalysis Crypto Whales are responsible for stabilizing the market, and not crashing it. 1) The government of South Korea will decide whether to allow initial coin offerings (ICOs) in the country in November, according to a top-level official. Speaking at the National Assembly’s annual audit on government actions, the head of the office of government police coordination Hong Nam-Ki told lawmakers that the country’s regulators have been assessing the issues in the recent months. Hong reportedly said the country’s market watchdog, the Financial Services Commission (FSC), has been surveying ICO’s since September and will make a decision in November based on the findings at the end of October. 2) According to Bitfinex shareholder Zhao Dong, the exchange does not have a partnership with HSBC. While they no longer work with Noble Bank, they do not have a partnership with HSBC either. Dong said the funds have been moved to a ‘safer bank’ without disclosing the name of the bank. He said it was to avoid scrutiny from U.S financial regulators. Tether and Bitfinex have only $66.78 left in Noble Bank now. 3) Ethereum co-founder Vitalik Buterin has made his Ethereum holdings public. NYU economist and crypto critic Nouriel Roubini, also known as Dr. Doom went on a rant against Ethereum today. He said Ethereum creators, including Vitalik Buterin and Joseph Lubin scammed everyone by pre-mining Ethereum. He continued that they stole 75% of Ethereum supply, making them instant Billionaires. In response, Vitalik tweeted his Ethereum wallet address, which has 365,003 ETH (approx. $74 Million) and $100,000 worth of OmiseGo (OMG). Vitalik also added that he never held more than 0.9% of all ETH at any point, and his net worth never came close to $1 Billion.

a month ago

Buterin Tells All On How Much ETH He Owns

The founder of Ethereum, Vitalik Buterin has just revealed how much Ethereum he actually owns. In a recent tweet, Buterin responds to accusations by an economist at NYU and crypto critic Nouriel Roubini (also known as Dr Doom) who has claimed that Buterin is a scammer and a thief. He also pointed this hate towards the co-founder of Ethereum Joseph Lubin. Ethereum is number two on the top 100 cryptocurrencies according to CoinMarketCap which makes it Bitcoin’s main rival by market cap. Despite Buterin’s age, he is one of the most influential figures in the crypto space and is driven by both the programming expertise and the idealism of a technology ‘riddled’ future. Buterin has revealed that he owns just over 365,000 in Ethereum which is worth more than $74 million. In addition to this, Buterin also holds around $100,000 in OmiseGo (OMG). Buterin has said that the address details most of his big trades. Also, he has other addresses which are quite small relatively speaking. Roubini - or Dr Doom - is called so due to his bleak prediction of the global financial crisis of 2008 ten years ago. Roubini is scheduled to appear at a congressional hearing tomorrow to debate Coin Center on digital currency. The event is going to be live streamed at 10 am Eastern Standard Time. At the time of writing, Ethereum is priced at $200.86 after seeing an 11% drop over the past day. The markets as a whole are in the red and Bitcoin has even crashed from the $6,500 area down to the $6,250 mark. Who knows what the end of this year holds for the industry... Is this information important? I would argue that yes, it is. Prolific figures like Buterin obviously hold cryptocurrency, they are integral to the industry so therefore, they sort of have to invest. These figures are the ones who help us make our own decisions and therefore, it’s important to know how they are investing if only for our own speculative purposes. Look at what happened when Charlie Lee sold all of his Litecoin, people lost hope in the Litecoin project, if the founder doesn’t hold it anymore, surely they must know something we don’t, surely something deeper must be going on. By knowing that Buterin is still bullish about Ethereum, Ethereum investors worldwide can trust in him, his words and his project. What are your thoughts? Let us know what you think down below in the comments! References: Daily Hodl chepicap.com googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Buterin Tells All On How Much ETH He Owns appeared first on Crypto Daily™.

a month ago

OmiseGO Price Analysis: Can OMG/USD Break Above the Trading Range to Push the Market Back Above $4?

OmiseGO, over the past 24 hours, has seen a small price increase totaling 2.83%. OMG, the cryptocurrency behind OmiseGO,......

a month ago

Belize-Based Financial Broker RoboForex Adds 16 Crypto Pairs to Trading Platform

International financial broker RoboForex has added support for 16 crypto trading pairs to its platform dubbed R Trader. RoboForex gives investors the opportunity to trade CFDs, which are contracts for difference, on coins like Bitcoin and Ethereum. The new trading pairs are in the BTC and USD markets and include the following coins: BCH, BTG, EOS, ETC, GNT, IOTA, NEO, OMG, QTUM and XMR. RoboForex reportedly offers leverage of up to 1.5x. (GT)

a month ago

Maker Jumps 20%, Nearly Overtakes OmiseGo as Dai Enters Top 100

Maker’s market cap is nearing half a billion after rising 20% today to $635 on trading volumes of $1 million. Sending it close to the most valuable ethereum token, with... The post Maker Jumps 20%, Nearly Overtakes OmiseGo as Dai Enters Top 100 appeared first on Trustnodes....

a month ago

Tron Foundation Announces the Exodus Support for Tron's Mainnet

In a tweet, Tron Foundation has announced that Exodus supports Tron mainnet. Therefore, Tron users can now exchange Tron for over fifty digital assets such as Bitcoin, XRP, Ethereum, DGB, and OmiseGo among others. Tron, which is ranked #13 by CoinMarketCap, is currently trading at $0.022084 with a market cap of $1.452B. (KE)

a month ago

Recovery Bitcoin (BTC) Litecoin (LTC) OmiseGo (OMG) Price

Recovery Bitcoin (BTC) Litecoin (LTC) OmiseGo (OMG) Price The market is in green with an average percentage of change among top 100 coins being around 2%. The biggest gainer is MonaCoin with an increase of 22%. Ripple is up by 1.75% and Electroneum recovered by 17.3%. Market Cap: $212,096,714,062 24h Vol: $14,600,681,459 BTC Dominance: 52.7%From yesterday’s...

2 months ago

Round 1 of BattleBracketz has started. Create your bracket and vote for NEO to make it to the next round

Link: http://battlebracketz.com If you haven't been following this, its a bracket tournament for cryptos. Users create a prediction bracket and then vote on their favorite cryptos. We're facing off against OMG in round 1. Let's bring home the win and win this tournament. ...

2 months ago

OmiseGO Shares Development Updates on Scaling Solution Plasma, Heavy Research Also Underway

In a recent reddit post, the OmiseGO team has revealed some updates to their much-anticipated scaling solution, the Plasma... The post OmiseGO Shares Development Updates on Scaling Solution Plasma, Heavy Research Also Underway appeared first on Invest In Blockchain....

2 months ago

Aussie Crypto Exchange Independent Reserve Launches Support for ERC20 Coins

Australia-based Independent Reserve, a cryptocurrency exchange, has unveiled support for ERC20 tokens. The maiden two ERC20 tokens that it selected to list are OmiseGO (OMG) and 0x (ZRX), both of which begin trading on Sept. 9. Independent Reserve said on Twitter that it’s offering a “0.1% introductory trading fee for these coins for two weeks.” The development did little to lift the price of either coin, both of which are currently trading fractionally lower amid a broader crypto market that remains under pressure. (GT)

2 months ago

OmiseGO Advances 7%, Provides eWallet Update and Readies Shanghai Workshop

OmiseGO (OMG) has advanced 7.5% in the last 24 hours on trading volume of $47 million. The project on Reddit provided an update on its eWallet, including features like “standalone eWallet” and the disabling of tokens and wallets. Upcoming tools in the pipeline include “transaction load testing” and password recall feature. Also, they’re readying a Plasma and SDK workshop, which is scheduled to occur on Sept. 11 in Shanghai. OMG remains 18% below month-ago levels. (GT)

2 months ago

Crypto Update: OmiseGO Trading Volume Up by 230%, Price Soars by 12%

Minor corrections are taking place in the crypto market seeing the total market cap above $235 m. Bitcoin is well above $7200 and is trading at $7280, up by 0.5%. Altcoins have followed suit, and Monero had surged by 11% to trade at $135, at the time of writing. Within a week, it has gained over 30%. Other altcoins have surged by 3%-7%, but the biggest gainer is OmiseGo. OmiseGo has gained 12% within 24 hours to trade at $0.45. Huobi handles 30% of OMG's trading volume, this has increased by 230%. (KE)

2 months ago

Bitwise and Morgan Creek Collaborates for The Digital Asset Index Fund; Bitcoin Dominates the New Crypto Fund

Bitwise is set to serve as "The digital asset index fund " manager for accredited and institutional investors. Morgan Creek will roll out the index fund and will see bitcoin dominate the platform as opposed to other altcoins on board among them; Litecoin, Ethereum, BCH, EOS, ETC, Zcash, OmiseGO, Monero. The Asset manager will offer access to digital assets and blockchain tech for wealthy family office and institutional clients. Morgan Creek's CEO Mark Yusko said investors increasing interest in cryptos has been catered for as the Digital Asset Index Fund gives them exposure and is tailored for investors with high net giving them a response to their demands. (KE)

3 months ago

OmiseGo Tesuji Milestone Is Now Open To Public

OmiseGo has made the GitHub repository of an early Alpha release f the Tesuji milestone public. Public testnet is not ready yet. However, the Tesuji Plasma forms the base for OMG Network. Tesuji OMG Network will support creation, management and transfer of ETH/ERC-20 tokens between eWallets and users. OmiseGo (OMG) is currently priced at $3.83, gaining 1.96% in the last 24 hours. (VS)

3 months ago

OmiseGO Sits Out of the Altcoin Rally, Falls 3%

OmiseGO (OMG), the No. 22 cryptocurrency based on market cap, isn’t participating in this weekend’s altcoin rally. The coin has shed 3% in the last 24 hours to $3.76. Over the last month, OMG has shaved approximately 49% from its value, and it’s down 7% in the last week. The RSI for OMG is at a neutral rating 37, while MACD, which reflects trends in 12- and 26-day moving averages, suggests a bullish trend. On social media, users pointed to a staking project dubbed bitfish with claims it plans to “stake OMG.” (GT)

3 months ago

More Stamps Global Enables Travel With 40+ Cryptocurrencies

Blockchain startup More Stamps Global is enabling cryptocurrency users worldwide to travel using crypto. Customers can book flights, hotels, rental cars, and more worldwide, with more than 40 different cryptocurrencies. Apart from major cryptocurrencies like Bitcoin and Ethereum, it supports currencies like OmiseGo, Augur, iExec, Salt, 0x, and BAT. Also, the company offers vacation packages and customized itineraries for cryptocurrencies. (VS)

3 months ago

Bitcoin Stable As Market Goes Down By $6 Billion

Over the last 24 hours, the total crypto market cap has dropped by $6 Billion, from $218 Billion to $212 Billion. However, Bitcoin still remains stable. In fact, Bitcoin saw 0.5% gain in the last 24 hours. Bitcoin dominance has also gone up from 51.5% to 52%. Some tokens like Aion, DigixDAO, OmiseGO, BAT, and 0x dropped by more than 6%. The trade-volume for Bitcoin also remains stable at $3.5 Billion. (VS)

3 months ago

0x Protocol 2.0 to be Launched Next Month

Ox has been successful since its deployment last year in August; ZRX, its native token, is currently ranked third by market capitalization after OMG and BNB of all ETH tokens. In a press release, the company has announced the Ox Protocol 2.0 which will be launched next month and will come with unique features. These new features include order matching, settlement of batches improvement and the addition of signature schemes. (KE)

3 months ago


News courtesy of berminal.com
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