May 23, 2020

200% OmiseGo Pump and Dump Raises Eyebrows

May 23, 2020 boss

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 OmiseGo (OMG), the 34th ranked cryptocurrency by market capitalization, also sparked familiar accusations of insider trading. Coinbase ‘premium’ reaches 80% “OmiseGO (OMG) is launching at http://Coinbase.com and in the iOS and Android apps within the next 15 minutes,” the company tweeted on May 21. The first day’s trading was marked by OMG trading at a significant…

DeFi Exec Believes Crypto Community Mostly “Short-Term Thinkers”

May 23, 2020 boss

In an interview with Cointelegraph, Alex Mashinsky, the founder of the decentralized finance app Celsius Network, took aim at the crypto community for becoming fixated on short-term profiteering and failing to drive mass adoption. Mashinsky urged the community to capitalize on the opportunity to redefine money and finance offered amid the deepening global economic crisis. Mashinsky dismisses Bitcoin in 2010 Celsius is Mashinsky’s eighth company, with his prior seven ventures including two unicorn start-ups that raised over $1 billion combined. He holds patents for Voice over Internet Protocol from 1994,…

Wild Weekend for Bitcoin Price? US Lockdown Loosens on Memorial Day

May 23, 2020 boss

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 push the price above $9,300. Crypto market weekly price chart. Source: Coin360 In the United States, this weekend includes the Memorial Day holiday, meaning traditional markets will be closed on Monday and the crypto market will be left to its own devices. Typically trading volume thins on weekends so investors who find time to step away from the…

Ontology Partners With German Startup to Accelerate Supply Chain Identity Solutions

May 23, 2020 boss

Ontology recently partnered with German digital identity and cloud wallet provider, Spherity, to collaborate on expediting development on digital identity solutions for products and enterprises. The partnership will see Spherity’s Cloud-Edge wallet integrate with Ontology’s (ONT) blockchain, and allow Ontology to use Spheriy’s Decentralized Digital Identity solutions. The two firms will work together on creating proof-of-concept pilots demonstrating applications for digital identity within the context of supply chain, mobility, and pharmaceuticals — leveraging Spherity’s existing customer base. Ontology and Spherity will also collaborate on research and marketing initiatives. Identity solutions…