In the feverish quest to decentralize anything even remotely open to decentralization, one of the most promising areas is finance and the financial industry. This shouldn't be too surprising, given bitcoin and the origins of blockchain technology, but at a time when even babies are being put “on the blockchain,” the emergence of decentralized finance (DeFi) provides welcome proof of crypto's real utility and applicability. And while DeFi is covering a wider range of areas — from remittances to derivatives and investments — its most promising sector involves credit and lending. That's because, thanks to the openness, security and transparency …

Hasegawa Jun, the founder of Omise — the company behind OmiseGo (OMG) — denied the recent acquisition rumors in correspondence to Cointelegraph Japan on March 30. On March 29, cryptocurrency news outlet The Block Crypto reported that Charoen Pokphand Group, Thailand’s largest private company, had acquired Omise for $150 million. Shortly afterward, Omise answered an inquiry by Cointelegraph Japan, denying the rumors. In his correspondence with Cointelegraph, Jun further noted that he requests The Block to immediately remove the story, publish an apology statement and issue a correction to the article. According to him, the rumor may have an adverse …

Ethereum-based payment platform OmiseGo and blockchain protocol Mass Vehicle Ledger (MVL) have partnered to research blockchain technology, according to a press release shared with Cointelegraph Nov. 14. MVL is the protocol behind popular Singapore ride hailing app TADA. MVL and OmiseGo will develop a Proof-of-Concept (PoC) to ascertain whether the decentralized OMG Network is suitable for MVL’s data record-keeping system. During the PoC, MVL will record data collected from TADA on the OmiseGo platform. Moreover, the two companies have announced further technical and research cooperation on possible blockchain applications in TADA’s services. On Nov. 7, MVL received a taxi provider …

East Africa-based charity GiveDirectly has expanded into cryptocurrency with a $1 mln donation in crypto tokens from decentralized payment network OmiseGO, it announced Tuesday, March 27. The donation, which OmiseGO contributed together with Ethereum cofounder Vitalik Buterin, will see GiveDirectly continue an experimental scheme aimed directly at refugees, providing 12,000 grants to families in Uganda. A pilot scheme has already seen 4,400 families receive $650, TechCrunch reported Tuesday, with the cryptocurrency experiment increasing the self-sufficiency of the process and reducing reliance on intermediaries. “This is a major new chapter for us, entering the humanitarian space with a service to give …

OmiseGo, the e-wallet platform created by Omise, is set to launch its Airdrop in the last quarter of 2017. Omise released an announcement for an automatic airdrop of tokens beginning on Monday, Sept. 4. OmiseGo Airdop excitement opened up phishing opportunity The Airdrop is said to take a week before it finishes, or may take a little more time depending on the Ethereum status and bulk of traffic. A 0.1 minimum threshold is set to be received by individuals, the said threshold can be more, however, and shall be proportionate to their Ethereum shares. The official statement from OmiseGo verified …

OmiseGo has moved to stamp out rumors about the company possibly being impacted by China’s crackdown on ICOs. Through a Reddit post OmiseGo reassured everyone that China’s ban on ICOs will not necessarily harm the OMG network. On the post, OMG said China’s prohibition only refers to decentralized currencies, meaning it doesn’t necessarily affect the OMG network: “The OMG network is currency-agnostic and the open-source, white-label digital wallet framework we provide will allow financial service companies to select what services they provide their end-users, in compliance with the regulations they must follow”. OmiseGoing With such transparency and constant updates from …

The price of the digital currency OmiseGo (OMG) has been experiencing decline as of mid-August 2017, and eventually recovered after the show of support by the Thai Ministry of Finance. The company is actively operating in Asia, particularly in such countries as Indonesia, Thailand, Singapore and Japan. Among the company’s investors are Golden Gate Ventures and SBI Investment. Omise’s prominent list of advisors include industry experts Vitalik Buterin, Vlad Zamfir, Gavin Wood and Joseph Poon. The cryptocurrency has previously reached an all-time high of $9.3 per token recently, but this came down to $7.9 and has recently recovered to $8.02, …