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OmiseGO (OMG) Performance in Q1: At a Glance
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OmiseGO (OMG) Performance in Q1: At a Glance




Due to the recent turns of events in the crypto markets all around the world, investors and traders are back to supporting their favorite projects and receive their fair share of profit. In the light of current affairs, the Ethereum ERC-20 tokens are getting more attention and through their strategic plans for adoption, these digital currencies are paving a way for all other blockchain projects. One such cryptocurrency is OmiseGO (OMG). In this article, we shall discuss what OmiseGO project has been doing during the Q1 and the results it brought to it.

Merits of the OmiseGO project

Omise is a pre-existing real-world company which was established back in 2013 in Thailand, Japan, Singapore, and Indonesia. The company provides an online payment solution which is being used by thousands of its customers. OmiseGO is an extension of the main company that utilizes blockchain technology to construct an entirely different project whose aim is to change the way people control their financial assets.

OmiseGO is backed up by the strongest of the team and it is well-placed within the ERC-20 tokens. The advisory board has top 10 Elites from Ethereum’s platform including the founder of Ethereum, Vitalik Buterin himself. The star-studded team behind OmiseGO has been an attraction to many investors. But what really makes OmiseGO an attractive project for traders and investors are listed below;

  • Pioneering Implementation of Plasma

As reformation for all scalability issues within the blockchain, Buterin collaborated with Joseph Poon to develop a new technology called ‘Plasma’. Plasma could solve the issues with slow network and low transaction speed. Needless to say, OmiseGO became the first platform to implement plasma completely and it’ll be able to process faster transactions while still supporting several other projects simultaneously. These expectations have been creating a lot of buzz around OmiseGOwhich is one of the many reasons why analysts think OmiseGO is suitable for long-term investment.

  • Staking System for Rewards

Since it’s an Ethereum based ERC-20 token hence, it utilizes a proof-of-stake consensus mechanism. Which means that validators are needed to stake their OMG coins to participate in the process of confirming and securing the transactions. In case the holder of OMG has a certain amount of coins in his wallet then they are presented the chance to ‘stake’ and earn rewards for confirming blocks of the transaction. like an incentive program, it rewards a user for holding more OMG.

  • OmiseGOeWallet Open Source SDK

The repositories of OmiseGoeWallet were announced to become publically available at the end of February. This step was taken in order to openly share the progress of the project and reaching scalability deliverance. The first server and mobile software development kit were also launched and made visible to the public for the purpose of on boardingeWallet providers. Although the code and blockchain integration is still incomplete, their main focus is to optimize it for the decentralized economy.

Cosmos and OmiseGOHard Spoon:

At the beginning of April, OmiseGO announced that cosmos has decided to start the hard spooning process with OmiseGO. This term was coined by Cosmos’ Jae Kwon and it means a type of meta-protocol on blockchain which creates a token that has the blockchain’s underlying token balances. In case of OmiseGO, the OMG token balances were replicated onto a Tendermint chain which is connected to Cosmos. The exact date for the hard spoon with cosmos hasn’t been decided yet.

Partnership with Shinhan Card:

During a press release on 5th April, OmiseGO took the crypto markets and all of its competitors by surprise and announced signing MoU i.e memorandum of understanding with ShinhanCard of South Korea. ShinhanCard is SouthKorea’s biggest credit card company and they’ve sealed a long-term plan with OmiseGO which indicates a direct advantage for the company in the heart of blockchain revolution in Asia. This MoU is going to help ShinhanCard to bring their payment platform to the southeast Asia and Japan along with a decentralized payment solution ‘OmiseGO’. The platform will be supported on all devices and make use of the publicly accessible server by OmiseGO.

Partnership with Maker DAO:

Maker DAO and OmiseGO have the same goal of implementing financial decentralization in the real world. Both the companies declared a collaboration in order to complete their objective faster. This team-up is to consolidate their roadmaps towards achieving they’re sought-after the financial revolution. Maker is a decentralized and autonomous organization while its stable coin system is known as DAI and it runs on an Ethereum blockchain. DAI’s price is stabilizing against the US dollar somewhat similar to Tether. DAI is to be available on OMG DEX and the OMG network users will be allowed to hold, send, trade against Dai. This partnership has created a wave of decentralized finance ecosystem within the crypto world and has worked for the better for both Maker and OmiseGO markets.


In the light of above-mentioned events, it is evident that OmiseGO is on the path to elevate itself from all of its competitors and grab its worthy place under the top-10 cryptocurrencies. OmiseGO remained as one of the biggest gainers and is still rising by 8.83%. The total market capital rests at $1.53 billion and the current price of OMG is $15.06 and it has been continuously rising at the end of Q1. But with high volatility comes high risk and therefore, we cannot say for certain whether the uptrend will be continued in the Q2 as well. But one thing is decided that OmiseGO has the potential to be called a recipe for success.

We will be updating our subscribers as soon as we know more. For the latest on OMG, sign up for our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Tama Leaver via Flickr


VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG




VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork


ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.


A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.


VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange



blockchain-focused ETFs

The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?



Jeff Bezos

Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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