Second-layer Ethereum scaling solution OMG Network has been acquired by Hong Kong-based OTC trading firm, Genesis Block.
Omisego is a cryptocurrency, and decentralized exchange established in Thailand 2013 by Omise company. The cryptocurrency abbreviated as OMG. The project was based on the Ethereum network but moved to its blockchain in 2018. The platform works on an open protocol and easily integrates with other blockchain networks; it scales great, so all the calculations are carried out instantly. Omise offers a range of services to make people avoid using centralized banks: these are currency exchange and asset trading. The platform is protected from double spending and cyber attacks. The company launched a decentralized exchange where only Omisego-HODLers can approve transactions with a proof-of-stake algorithm. Moreover, the company has its crypto wallet with the ability to trade fiat and cryptocurrencies.
According to Thailand-based company SYNQA, the firm will use the $80M investment to ‘deepen its footprint’ in cashless societies in Asia.6606
Uri Kolodny, co-founder and CEO of blockchain firm StarkWare, told Cointelegraph that Ethereum’s second-layer scalability solutions still need some work.8734
Ethereum co-founder Vitalik Buterin said that the blockchain’s initial layer-two scaling deployment is nearly complete.5722
Tether has integrated the just-launched OMG Network Plasma sidechain, formerly known as OmiseGo, promising cheaper transactions as Ethereum’s fees skyrocket.10277
The launch of support for OmiseGo sees an 80% trading premium, a sudden price breakout and renewed accusations of insider trading.23872
Omise Holdings, parent company of OmiseGo, now goes by the name SYNQA.8523
Previously touted as the holy grail of Ethereum scalability, Plasma’s significant weaknesses appear to have made the developers quietly drop the technology.11262
OmiseGo, a finance-oriented scaling network for Ethereum, has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms.3540
California-based crypto wallet service Abra will restrict U.S. users from holding EOS and other altcoins in August.13582
Decentralized credit and loans: better for borrowers and better for the economy.13915
Hasegawa Jun, the founder of Omise — the company behind OmiseGo (OMG) — denied the recent acquisition rumors.10035
Ethereum-based payment platform OmiseGo partnered with a Singapore firm behind a popular ride hailing app to develop a Proof-of-Concept and promote blockchain tech.9954
Ethereum cofounder Vitalik Buterin has partnered with OmiseGO to donate $1 mln in ERC20 tokens to African charity GiveDirectly.18656
How a Twitter account has taken advantage of OmiseGo Airdrop announcement to phish for OmiseGo investors private details and steal Ethereum.27284