The IRS is looking to expand its investigative capabilities around privacy coins, layer-two solutions, and sidechains. The United States’ Internal Revenue Service (IRS) is seeking information and tools to help it trace transactions using privacy coins, layer two protocols such as Lightning Network and side chains like Plasma and OmiseGo (OMG). A June 30 request […]
Continue Reading
CoinMetrics has found that the impact of Coinbase Pro listing announcements is overstated, producing price performances ranging from -1% to +14% over 20 days. The fabled ‘Coinbase Effect’ has a much more limited impact on the price of newly listed coins than is popularly believed, according to CoinMetrics. The crypto data analysis firm has just […]
Continue Reading
According to Thailand-based company SYNQA, the firm will use the $80M investment to ‘deepen its footprint’ in cashless societies in Asia. SYNQA, the parent company of OmiseGo formerly known as Omise Holdings, raised $80 million in a fundraising round for new cashless payment ventures. In a June 22 announcement, Thailand-based fintech company SYNQA stated it […]
Continue Reading
The first stage of Ethereum 2.0 is almost here, but how will the DApp and DeFi space adapt to this change? While Ethereum has brought about a whole new realm of possibilities due to its native token Ether (ETH) and its smart contract and tokenization capabilities, it is often faced with challenges such as network […]
Continue Reading
Cointelegraph interviewed Konstantin Kladko, CTO at Skale, to learn about his controversial opinion on why Ethereum layer-two solutions are unlikely to work out. Cointelegraph spoke with Konstantin Kladko, the CTO of the Skale Network, a blockchain platform based on Ethereum (ETH). Kladko holds a PhD in Physics from the Max Planck Institute and a Masters […]
Continue Reading
Tether has integrated the just-launched OMG Network Plasma sidechain, formerly known as OmiseGo, promising cheaper transactions as Ethereum’s fees skyrocket. Bitfinex’s Tether (USDT) stablecoin is now available on the OMG Network, a plasma-based Ethereum sidechain launched on June 1 by the project formerly known as OmiseGo. The integration, also announced on June 1, marks the […]
Continue Reading
Bitcoin faces a crucial weekly close, the mystery of coins moved for the first time in 11 years, and Times Square billboards call for the release of Ross Ulbricht. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation […]
Continue ReadingThe launch of support for OmiseGo sees an 80% trading premium, a sudden price breakout and renewed accusations of insider trading. Controversy has returned to cryptocurrency exchange Coinbase after an altcoin it listed surged 200% in 15 minutes — only to crash immediately afterward. Currently a topic of interest on social media, Coinbase’s listing of […]
Continue ReadingBitcoin’s recovery to $10,000 is currently hindered by resistance at the 20-MA and with a holiday weekend coming up traders brace for volatility. Since dropping below the ascending channel trendline to $8,815 on May 21, Bitcoin (BTC) price has recovered 4.78%. BTC/USD continues to meet resistance at the 20-day moving average, obstructing traders’ desire to […]
Continue ReadingOmise Holdings, parent company of OmiseGo, now goes by the name SYNQA. Asian fintech company Omise Holdings, now goes by the name SYNQA. “Forging into 2020, this new corporate identity reinforces their position as a holding company with a portfolio of companies and as the go-to partner in Asia for all fintech and innovation matters,” an […]
Continue Reading