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A company providing an open payment platform and decentralised exchange issued on Ethereum.

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Ethereum-based OmiseGo (OMG) Resurfaces with Plasma Blockchain Scaling Solution

Many a time projects with a solid basis get waylaid due to mismanagement and other factors. The biggest casualty in such a scenario is the trust that people place in the work. Once the hype dies off and the lack of credible communication comes to the fore, the crypto community has little hesitation in putting the developers to the sword. This has been the story of OmiseGo [OMG] as well. OMG had been a community darling due to their efforts focused on finding a blockchain scaling solution called Plasma. The fact that top names associated with the project were that of Lightning Network co-creator Joseph Poon and Vitalik Buterin, the co-founder of Ethereum, didn't hurt their credibility. In an earlier communication the team had discussed the possibilities offered by Plasma. They had noted that this would be a: “framework for incentivised and enforced execution of smart contracts which is scalable to a significant amount of state updates per second (potentially billions) enabling the blockchain to be able to represent a significant amount of decentralised financial applications worldwide.” At the time the devs had added that the smart contracts would conduct automated operations with low fees, using Ethereum. Yet all those words seemed just that, words. For a very long time the project had been plagued by numerous delays, missed deadlines and above all startlingly poor communication. Unsurprisingly, many backers were left disheartened and many more bemoaned the missed opportunity of what could have been a big technological breakthrough for the industry. Recently, things seem to have changed, or at least that is the impression the OmiseGo team is giving. OmiseGO has been working with renewed vigour towards the plasma-mvp repo. Their goal is to build it to enable a DEX to exchange tokens in their future payment network. And the general vibes have been mostly positive towards that end. A recent update they explained how their testnet, running on Rinkeby, since late last year, is a release candidate of the OMG Network. Expanding on this it was further noted that the team was “happy with the network’s performance over the last couple of weeks. We’ve merged the initial updates to omg-js and have been testing these to ensure that things are going smoothly.” A focus on testing and debugging suggests that the project is indeed in its final phases. A recent Reddit post from the devs also excited the community with the possibility of Plasma seeing the light of day, in the very near future. The post read “The 2019 year started off strong with a new iteration of the internal testnet. The improvements were based on the data and feedback received from the initial iteration. OmiseGo goal is to create a production environment that is resilient and can handle real-world continuous usage.” The post then goes on to suggest that test cases are in an advanced stage and “the team is prepared to open up to the real world -with multiple users, interactions, and connections.” No doubt, so as to develop and loop feedback for quick fixes. All this has renewed the excitement for this project and it is hoped that this time the project does indeed reach its potential. However, OMG team should also be wary of ensuring that the promises and delivery expectations are met. The cryptosphere is one that forgives yet rarely forgets. If the project does get get off the ground it will be good news all around; for the community, the industry and the valuation of the token itself.
Bitcoin Exchange Guide

OmiseGO - Good Tech Takes Time - Patience Tests Investors - Crypto News & Review

OmiseGO one of the crypto economy's most hyped projects at one stage and the first Ethereum unicorn has suffered from delay after delay, but beneath those delays good tech is brewing. SOURCES https://blockonomi.com/what-is-omisego/ https://cryptobriefing.com/shinhancard-omisego-transaction/ https://medium.com/paradigm-fund/omisego-technical-updates-shinhancard-proof-of-concept-demo-omisego-founded-plasma-group-945c300ee903 Disclosure: This is an unpaid review for a project that was deemed worthy of research time, recording and posting for educational purposes. Furthermore, I hold a very small amount of OMG SUPPORT ME ON BITBACKER WITH CRYPTO https://bitbacker.io/user/cryptolark/ RECOMMENDED EXCHANGES ABRA - GET $25 IN BTC - https://invite.abra.com/p9lwV0WqCR BINANCE https://www.binance.com/en?ref=10192350 BINANCE JE - BUY CRYPTO WITH POUNDS & EUROS https://www.binance.je/?ref=35019746 COINBASE - GET $10 Free Bitcoin for signing up! https://www.coinbase.com/join/597e56a59d75c600b3a86461 KUCOIN https://www.kucoin.com/#/?r=18a8f CRYPTOCURRENCY HARDWARE WALLETS LEDGER NANO S https://www.ledger.com/?r=6877 TREZOR https://shop.trezor.io/?a=Aw902Rsted CERTIFIED CRYPTOCURRENCY BROKERAGE Caleb & Brown https://partners.calebandbrown.com/cryptolark SOCIAL MEDIA - These are my only accounts, beware of scammers! TWITTER twitter.com/TheCryptoLark FACEBOOK facebook.com/TheCryptoLark TELEGRAM GROUP t.me/thecryptolark TELEGRAM HANDLE @cryptolark STEEMIT steemit.com/@larksongbird D-TUBE d.tube/#!/c/larksongbird PODCAST - find me on I-tunes "Crypto Waves" https://player.fm/series/crypto-waves-the-crypto-lark-podcast CONTACT E-mail thecryptolark@gmail.com with business or event enquiries. DISCLAIMER Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money. This video may contain copyrighted material the use of which is not always specifically authorized by the copyright owner. Such material is made available for research or academic purposes. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, this video is distributed without profit, for research and educational purposes. Custom intro and tunes created by The Maker's Initiative - Auckland, NZ Thanks for watching; please like, subscribe, and share if you found this useful! #bitcoin #ethereum #cryptocurrency #neo #elastos #litecoin #eos #ripple #ontology #monero #stellarlumenes #cardano #nem #dash #ethereumclassic #vechain #tezos #zcash #dogecoin
Crypto Lark

Trade Recommendation: OmiseGo

OmiseGo (OMG/USD) is a market that’s trying to carve a bottom. This bottoming out process began when OmiseGo dropped to $1.0898 on December 15, 2018. At that point, the market may look like it was struggling to find its footing. In reality, it was actually relying on a support that has existed since July 2017. […] The post Trade Recommendation: OmiseGo appeared first on Hacked: Hacking Finance.
Hacked

OmiseGo / USD Technical Analysis: Heavy Losses Underway

OmiseGo is bearish in the short-term after breaking from a symmetrical triangle pattern and setting a new all-time low OMG / USD risks further heavy losses in the short-term The Medium-term outlook for OMG / USD closely mirrors the pair’s short-term OMG / USD Short-term price analysis   In the short-term, OmiseGo is bearish with price recently breaking below a well-defined symmetrical triangle pattern on the four-hour time frame chart. OMG / USD has recently fallen to a new record low and continues to trade below its former record low, which was set in December of last year. The pair is likely to remain under immediate selling pressure and risks further heavy losses. Technical indicators are pointing down and have yet to move into oversold conditions on the four-hour time frame.   Pattern Watch The bearish break below the symmetrical triangle pattern is the main theme on the four-hour time frame chart. The size of the triangle pattern is substantial and could signal a major depreciation in the OMG / USD pair if the decline continues.     OMG / USD H4 Chart                                                                         (Source: TradingView)     MACD Indicator The MACD indicator shows no signs of bullish divergence and appears to be turning bearish after a minor correction higher.   RSI The Relative Strength Index has turned bearish and is trending lower alongside the recent fall in the OMG / USD pair. OMG / USD Medium-term price analysis   OMG / USD is bearish in the medium-term, with the daily time frame chart also showing price breaking under a large symmetrical triangle pattern. It is also worth noting that the pair has been in a protracted downtrend and has posted eight consecutive negative months. A failed inverted head and shoulders pattern is also visible on the daily time frame chart; this is typically a bearish signal and a sign that buying demand is weak. In line with the lower time frames, medium-term technical indicators are pointing lower, the RSI indicator is notably bearish.     OMG / USD Daily Chart                                                                         (Source: TradingView)     Pattern Watch The break below the triangle pattern on the daily time frame is a key development over the medium-term. Traders should also watch for consecutive daily price closes below the December 2018 trading low.   RSI + MACD Indicators The RSI indicator is bearish on the daily time frame, while the MACD histogram is starting post lower lows. Conclusion   Both short and medium-term analysis shows conclusive evidence that a continuation of the broader downtrend currently underway in the OMG / USD pair remains the most likely scenario.     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OmiseGo(OMG) Price $1.09 Market Cap$152,762,794.19 #ccpw-ticker-24546 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24546 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24546 a.tabperiods.tabperiods_active, #ccpw-ticker-24546 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24546 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24546 .coin-container:after, .ccpw-container_four #ccpw-ticker-24546 .coin-container:after {border-color:#ccc !Important;} Join the conversation on Telegram and Twitter!   Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post OmiseGo / USD Technical Analysis: Heavy Losses Underway appeared first on Crypto Briefing.
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ShinhanCard Integrates OmiseGO (OMG) Solution to Improve Transactions

ShinhanCard recently completed and validated a transaction on the OmiseGO blockchain. The ShinhanCard performed a small transaction on the plasma side-chain. The transaction was then confirmed by the OmiseGO network. The process involved the sending of a few tokens to a sample digital wallet. According to the management of the ShinhanCard, the demonstration proved the capabilities of the plasma solution. Plasma is expected to increase the affordability and efficiency of transactions on blockchain networks. Plasma was developed to assist with scaling in the Ethereum blockchain. It works by processing transactions off the main network. This eases the load on the blockchain, enabling it to scale efficiently. As a product of the MoU signed in April last year with OmiseGO, Shinhancard demonstrates a cross-border PoC with the aim to expand the acceptance of ShinhanCard’s loyalty program to international markets & enable borderless interoperability. Read more at:https://t.co/nyfFmCB8tK — OmiseGO (@omise_go) January 28, 2019 The demonstration mentioned above is the most significant achievement made by OmiseGo and ShinhanCard since the two companies announced a partnership in March 2017. Under this deal, ShinhanCard will use the OmiseGO to expand its global reach. ShinhanCard is affiliated to a major banking institution in South Korea. ShinhanCard runs a hugely popular loyalty rewards scheme known as ShinhanPay FAN. The integration of OmiseGO will enable ShinhanPay users to seamlessly transfer points to other users in the blockchain platform. It also means that the loyalty points will be acceptable by all merchants registered with the OmiseGO network. About OmiseGO OmiseGO is a blockchain platform based on the Ethereum protocol. Its objective is to provide banking services at an affordable rate to populations that are overlooked by conventional financial institutions. OMG is the native token of the OmiseGo blockchain ecosystem. So far, the OmiseGo solution has been implemented in several real-world applications. Last year, a Singaporean taxi service proposed the use of OmiseGo blockchain for tracking the locational data of their clients. Also, the Plasma Dog blockchain game is based on OmiseGo. As per Vansa Chatikavanij, a senior executive at OmiseGO, the partnership with ShinhanCard is a sign of the good things that are yet to come.
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XRP, BAT and Dash are The Favorite Cryptos Among Uphold Users

A recent report published by Uphold revealed that the most popular tokens among its users are XRP, BAT, and DASH. The investment in these cryptocurrencies has increased considerably during the period from January 2018 to January 2019. According to information from AMB Crypto, Uphold reported that despite the sharp drop in the prices of cryptocurrencies, its user base reached record stats: Not only did they increase their userbase to more than 1 million registered users, but the number of funded wallets and transactions also grew by more than 2X compared to last year. The Uphold team revealed that altcoins played a special role in the growth of its platform. Dash had the highest increase, followed by Basic Attention Token and Ethereum. However other tokens such as BTC, LTC, and BTG also reported significant growth despite the negative performance of the markets: Holdings of all currencies increased materially over the period, but DASH and BAT were the 2018 standouts (up 281% and 183% respectively). Uphold also saw good growth in holdings of ETH (up 70%), BTG (up 54%), BTC (up 41%) and LTC (up 24%) Uphold Explains The Reasons Behind The Popularity of Every Token According to the firm’s analysis. The growth rate of BTC, LTC, and ETH was lower than last year. Apparently, the public lost interest in these cryptocurrencies to focus on other more attractive alts such as XRP, which grew from 0 to 39% from March 2018 to January 2019. Uphold Interface The growing interest in XRP is consistent with the intense media presence that Ripple has had in the community over the past few months. The launch of xRapid and the numerous partnerships with essential players in the world of finance increased the trading of this cryptocurrency which eventually reached number 2 in the global market cap. Something similar happened with Basic Attention Token. The cryptocurrency is strongly pushed by Brave browser. The popularity of the browser and the positive rating of several specialized sites, as well as the launch of BAT trading in Coinbase Pro, were critical for the token to become one of the favorites among Uphold users. Uphold finally attributed DASH’s growth to a successful campaign in which they made their philosophy have an important influence on the community. “DASH represents itself as digital money which can be used to make instant, private payments online or in-store using its secure, open-source platform hosted by thousands of users around the world.” The post XRP, BAT and Dash are The Favorite Cryptos Among Uphold Users appeared first on Ethereum World News.
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New Shapeshift Crypto Exchange Rebrand Plans Announced by CEO Erik Voorhees at ETHDenver

At the recently held ETHDenver, ShapeShift CEO Erik Vorhees announced that his company would be undergoing a major rebranding exercise in 2019. The first step in this will take place on Monday, February 17, 2019. During this time, the exchange will begin holding a closed beta programme where selected users will be invited to test out a new and improved version of Shapeshift. The new version, Vorhees says, will focus on improving on the user experience. These improvements will include making the user interface simpler and synchronizing the use of all the exchange’s products including its cryptocurrency pricing tracker CoinCap. This Information was made available by the CMO of ShapeShift Emily Coleman. Besides making this announcement, Vorhees also spoke at a panel focused on leadership “in times of ambiguity.” In this panel, he was joined by founder of cryptocurrency micropayments service Earn.com Lily Liu, CSO of ethereum venture capital studio ConsenSys Sam Cassatt, and co-founder of decentralized application platform Holochain Arthur Brock. Tough Calls As part of the discussion, the panelists were asked what the hardest decision was that they have had to make in the running of the business. “If you’re going to be a company in the crypto industry, you’re attached to the severe market cycles of the industry. That’s full of good and bad,” said Voorhees. Vorhees, on his part, said that the hardest decision he had had to make was the introduction of know-your-customer protocols on the exchange last year. “I felt like I had to do something morally wrong to allow the company to persist…It’s a really awful position to be in,” said Voorhees. According to Vorhees, the decision was a hard one because he was personally against the idea of asking users to give up their personal information. He eventually conceded to the decision as a form of picking and choosing his battles and considering the long-term implications. Despite the tough decision that was made, Vorhees is still confident that, in the future, people will be able to carry out transactions in a completely decentralized manner and without any censorship or interference. “Society is comfortable about this idea that people should be able to talk freely with each other … the fact that money is treated differently is a huge injustice. I hope that crypto breaks that discrepancy,” he said. Despite the CEO’s optimism, the company has faced some challenges in recent times, especially with having to lay off a third of its staff due to the crypto price slump.
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Federal Judge in Crypto Proceeding Re-examines Blockvest (BLV Token) Case

In November of 2018, a California federal judge refused to approve a preliminary injunction as was requested at the time because there were a few inquiries and it was yet to be determined if, based on the Howey Test, the token in the case was a security. However, the same judge seemed to have re-assessed the situation and has made the decision to grant a motion the SEC’s requested, for Partial Reconsideration. Details of the Case The SEC, at the time, had charged a few offenders on account of transacting business involving sales of securities that were unapproved and not registered. The tokens, called BLV tokens, were defended by their stakeholders with the claim that they had been pre-approved by the CFTC, the National Futures Association and even the SEC. The accused also claimed on their website, that they had received approval from an agency called the “BEC”, although that seemed to have been fabricated. The Re-Assessment Generally, it almost never happens that during a prosecution, a federal judge will have a change of mind. This only happens when a motion for re-examination has been put forward. However, when a case has new evidence or laws have been changed or wrongly applied, a judge could consider a change of mind. The judge has now decided that the information on the accused’s website contained offers for transacting in unapproved tokens and this still holds water whether or not a transaction was completed. The Howey test is a divided into three parts and all three were violated. The accused expressed their opinion that an injunction is too much of a response from the courts especially because some progress had been made regarding admittance of guilt, an addition of a proper counsel to the team and the decision for these people not to do an ICO. However, the court did not agree especially because of the made up agency – BEC – and many other different falsities. The court also considered the possibility that the accused might not discontinue all the wrongdoings. Reactions to the case and the court rulings have been polar with some proclaiming it as appropriate while other have expressed that it might be an overreaction.
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Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum

Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum Argentina has recently settled an export deal with Paraguay in Bitcoin. Although the net value of the deal was only $7,100, it is a welcome step. Gradually, more countries will recognize the advantage of using cryptocurrencies for cross-border deals. Digital asset management fund Grayscale […] Cet article Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum est apparu en premier sur Bitcoin Central.
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