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Price data by
PricesOmiseGo

OmiseGo News

OmiseGO is an Ethereum-based peer-to-peer network for financial transactions, created by the Thai financial platform Omise in 2017. It is underpinned by an ERC20 token, OMG. It aims to provide a unified framework for payment providers, currencies and assets with minimal transaction costs—in other words, ensuring interoperability between different asset classes like fiat and cryptocurrency.

  • OMG price skyrockets by 90% after Tether integration

    OMG! There's a new hot token in the Ethereum neighborhood. Yesterday, Tether announced that its USDT stablecoin transfers to the OMG Network are now live. Today, the network’s token, OMG, shot up in price by almost 100% within hours. Those following closely along at home will remember that OMG prices jumped back in June following the initial announcement of Tether’s integration then—though to a much lesser degree, only about 20%. Earlier this year, the Ethereum-based token had struggled to brea...

    NewsMarkets
    3 min read
    Jose Antonio Lanz
  • OMG. Image: Shutterstock

    Tether on OMG Network could slash Ethereum congestion 15%

    A measure of relief for astronomical Ethereum gas fees may finally be at hand. Tether announced today the launch of USDT stablecoin transfers on the OMG Network, one of the first viable Ethereum Layer 2 scaling solutions. The launch will bring increased speeds and reduce transaction costs for Tether transfers, currently the number one source of transactions on the Ethereum network.  If meaningful volume from Tether transfers shifts to the OMG network, it could generate a much needed reduction i...

    NewsCoins
    2 min read
    Alexander Behrens
  • Image: Shutterstock

    OMG Network can take USDT transactions off chain

    The launch of OMG Network was a big step toward a more scalable Ethereum but its effects may not be felt just yet. Ethereum scaling solution OMG Network —previously OmiseGo— launched after three years of development and announced Bitfinex will be using the system for its USDT stablecoin right off the gate.   This is huge news, since USDT is the biggest contributor to Ethereum activity. The second-largest blockchain urgently needs scaling solutions such as OMG’s, as activity climbs to record lev...

    NewsCoins
    3 min read
    The Defiant
  • Image: Shutterstock

    OmiseGo (OMG) price surges following Tether integration

    It’s a good day for OMG, the decentralized network built as an Ethereum scaling solution. The price of OMG today surged by more than 18% within hours, currently trading for around $1.76 per token. The pump follows an announcement from crypto exchange Bitfinex that its sister company, Tether, will now see its stablecoin (USDT) integrated onto the OMG network. This will now enable Bitfinex users to make Tether deposits and withdrawals on OMG, which according to the exchange will lower transaction...

    NewsMarkets
    2 min read
    Nicholas Marinoff

  • Coinbase is running an OMG airdrop for Ethereum holders

    Coinbase users who have stored Ethereum in their accounts over the past three years are about to get a nice surprise in the form of OMG. OmiseGo—a decentralized application (dapp) for Ethereum—initiated an airdrop of its cryptocurrency OMG Coin in the summer of 2017. At the time, Coinbase did not support the currency, meaning all Ethereum holders that did business through the exchange were excluded. OMG! Coinbase announces support for OmiseGo, price soars Beginning May 21, however, OMG became av...

    NewsCoins
    2 min read
    Nicholas Marinoff
  • Image: Shutterstock

    OMG! Coinbase announces support for OmiseGo, price soars

    Coinbase announced today that Coinbase Pro users will next week be able to make inbound transfers with OmiseGo’s OMG token—sending the price of the Ethereum token soaring by 25 percent.  The announcement said that users of Coinbase Pro—the platform that caters to more experienced traders—can make OMG transfers from May 18. Once enough OMG has been established on the exchange, users will be able to buy and sell OMG with the US dollar and Bitcoin.  On Monday, May 18, our OMG-USD and OMG-BTC order...

    NewsCoins
    2 min read
    Mat Di Salvo

  • What is OmiseGO (OMG) ?

    Although the benefits of online financial services are widespread, adoption has been lackluster. Networks operate in silos, making it difficult for merchants to incorporate their payment services. This can also make it harder for the consumer to pay in their preferred currency. OMG Network wants to bridge the gap between different payment providers, currencies and assets, through the use of blockchain. Let’s get started. What is OmiseGO? OmiseGO is a decentralized network offering a flexible and...