|All Time High:|
|Market Cap: |
|The price of #OMG today is $1.21 USD.|
The lowest OMG price for this period was $0, the highest was $1.21, and the exact current price of one OMG crypto coin is $1.21331.
The all-time high OMG coin price was $28.35.
Use our custom price calculator to see the hypothetical price of OMG with market cap of ETH or other crypto coins.
|The code for OMG Network is #OMG. |
OMG Network is 5.4 years old.
|The current market capitalization for OMG Network is $170,011,736.|
OMG Network is ranked #144 out of all coins, by market cap (and other factors).
|There is a large daily trading volume on #OMG.|
Today's 24-hour trading volume across all exchanges for OMG Network is $17,262,911.
|The circulating supply of OMG is 140,121,752 coins, which is 100% of the total coin supply.|
|OMG is well integrated with many pairings with other cryptocurrencies and is listed on at least 60 crypto exchanges.|
View #OMG trading pairs and crypto exchanges that currently support #OMG purchase.
|Note that there are multiple coins that share the code #OMG, and you can view them on our OMG disambiguation page.|
More OMG Network (#OMG) News
|What is a Layer 2? Everything You Need to Know
Layer 2 (L2) is a common term among crypto natives, but the concept can be confusing for many people, especially those who have just joined the industry.
It is a generic name used to describe solutions built on a base network, popularly called layer 1 (L1) or the main network (Mainnet). This means that L2 cannot exist without the base layer, which makes it essential to first have a basic knowledge of L1 before learning about L2.
Layer 1 Explained
So what is layer 1? It is the base network and underlying infrastructure of a blockchain platform. The main network is responsible for validating and finalizing all on-chain transactions without depending on another network. This means the base layer defines the rule of the ecosystem. L1 protocols also have native tokens used for transaction fees or gas fees.
Every base network has its own mechanism for nodes to reach a consensus, such as proof-of-work (PoW) and proof-of-stake (PoS). However, there's a very common concept in the industry known as the blockchain trilemma, where a network can achieve two of the three main goals - security, scalability, and decentralization - but not all three together. This was popularized by Ethereum's co-founder, Vitalik Buterin.
Layer 1 blockchains such as Bitcoin and Ethereum focus on decentralization and security while sacrificing scalability - the ability to handle many transactions. This is where layer 2 protocols come in. Developers build L2 solutions on L1 to solve scalabili...
|Spending $276M in Ether — Colossal Ethereum Whale That Participate...
After three years of dormancy, a massive ethereum whale that participated in the project's first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using today's ethereum exchange rates.Mega Ethereum Whale Distributes 145,000 Ether to 9 Different Addresses
On August 14, 2022, onchain data indicates that a whale who participated in the Ethereum Genesis ICO has moved 145,000 ETH to various addresses. The funds were worth $276 million using current ETH exchange rates. It was the first time the Genesis ICO participant spent coins since 2019, back when 5,000 ETH exited the whale's wallet. At the time of writing, the address currently holds 0.1177 ETH worth $22,4 after it emptied the 145,000 ether.
The transfers on Sunday were sent in multiple batches of 5,000 ETH, 10,000 ETH, and 20,000 ETH increments. The whale ended the transfers with a final 10,000 ETH transfer sent at 12:18 a.m. (UTC). The wallet owner also transferred 918.89 canto utility token (CANTO) after sending the final 10,000 ether from the wallet. Statistics show that the address currently has $26,770 worth of ERC20 tokens in the wallet as well. Most of the ERC20 token value ($26,439) is held in omisego (OMG).
The address also has an Enjin-crafted 'Protocol of Quick Response' non-fungible token (NFT) worth 0.02 ETH or $38. Before sending out the 145,000 ETH, the whale also sent 5,000 ETH on July 31, 2019, when ether was exchanging hands for $220...
|CryptoCom Removes DOGE, SHIB, and 13 Other Altcoins From Earn Progr...
Crypto.com on Monday removed 15 altcoins including Dogecoin (DOGE) and Shiba Inu (SHIB) from its Crypto Earn program. The delisting of these cryptocurrencies will be effective from 27 June 2022, 10:00 UTC, the company said.
It also revised the interest rates of 5 stablecoins and added three new coins to the reward program.
Under the Crypto Earn program, the company offers up to 10% on stablecoins and up to 14.5% on cryptocurrencies deposits. It provides support for over 40 assets.
“Existing fixed-term allocations for these tokens will remain unchanged and continue until the term ends. Funds from any active flexible-term allocations for the tokens listed above will be automatically returned to users’ Crypto Wallet by 28 June 2022, 10:00 UTC,” Crypto.com said in an announcement.
Other coins that got removed from its Earn program are Tezos (XTZ), Maker (MKR), Flow (FLOW), Kyber Network Crystal v2 (KNC), EOS (EOS), OMG Network (OMG), ICON (ICX), Compound (COMP), Gas (GAS), Stratis (STRAX), and Bancor (BNT), Beefy Finance (BIFI), Ontology Gas (ONG).
Coins Added to Crypto Earn
The crypto trading platform added three new coins - Zilliqa (ZIL), Fantom (FTM), and NEAR - to the Crypto Earn rewards program.
“Users can now enjoy rewards rates of up to 5% p.a. for FTM, and 6% p.a. for ZIL and NEAR. We will also be revising the reward rates for select stablecoins,” it said.
Earlier, CryptoPotato reported that the trading pla...
|Judge Dismisses Lawsuit Against Binance for Allegedly Selling Unregister...
A lawsuit against Binance accusing the cryptocurrency exchange of selling unregistered crypto securities has been dismissed. The plaintiffs listed nine cryptocurrencies in the lawsuit.
Binance's Lawsuit Dismissed
U.S. District Judge Andrew Carter dismissed a lawsuit against cryptocurrency exchange Binance Thursday.
The motion to dismiss was filed by Binance and CEO Changpeng Zhao (CZ). The lawsuit (case no. 20-02803) was originally filed in April 2020 in the U.S. district court in the Southern District of New York.
Binance is accused of violating U.S. securities laws by selling cryptocurrencies that are allegedly unregistered securities. The exchange is also accused of failing to register as a securities exchange or broker-dealer with U.S. regulators.
The case involves nine cryptocurrencies - EOS, QSP, KNC, TRX, FUN, ICX, OMG, LEND, and ELF - which the plaintiffs bought through Binance's online exchange starting in 2017. However, the coins soon lost significant value.
The plaintiffs alleged that Binance 'wrongfully engaged in millions of transactions' and failed to warn them about the 'significant risks' of investing in these cryptocurrencies. They sought to recoup what they paid.
However, Judge Carter ruled that the plaintiffs sued Binance too late, citing that more than a year had passed between the time of their purchases and the time they filed the lawsuit.
In addition, the federal judge said that U.S. securities laws did not apply because Binance was not a U.S.-based...
|Coinbase Sued for Allegedly Selling 79 Unregistered Crypto Securities &m...
A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB).Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers
A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase Inc., and CEO Brian Armstrong.
Lead plaintiffs and Coinbase users Christopher Underwood, Louis Oberlander, and Henry Rodriguez allege that from Oct. 8, 2019, to the present, Coinbase let customers buy and sell 79 different cryptocurrencies without disclosing that they are in fact securities. The plaintiffs added that these crypto securities are not registered with the U.S. Securities and Exchange Commission (SEC) or any state regulators, and Coinbase is not registered as a securities exchange or a broker-dealer.
The plaintiffs claim that 'Coinbase's sale of these tokens violates both federal and state law.' The class covers all persons or entities who transacted any of the 79 crypto tokens on Coinbase or the Coinbase Pro platform during the class period.
Without registering these crypto assets with the SEC and state regulators, the plaintiffs said:
Purchasers do not have access to the disclosures that accompany the issuances of traditional securities. Rather, investors receive - at most - only the so-called whitepapers, which describe the token, but do not satisfy the requi...
|Third-Largest Ethereum Whale Just Spent $14 Million on These 3 Altcoins
A single crypto whale has purchased three altcoins worth over $14 million, following several earlier purchases.
Whale Spends $14M on MANA, SAND, and CQT
Ethereum's third-largest whale wallet, dubbed Light, embarked on another buying spree, adding three coins at a total purchase cost of $14.1 million.
According to data from WhaleStats, a blockchain transaction tracker that keeps tabs on the top richest Ethereum wallet addresses and their activities, Light wallet recently purchased about 642,999 MANA, valued at $1,845,409.
MANA is the native token of the Ethereum-based 3D virtual reality play-to-earn game, Decentraland, and is currently trading at $2.8 per unit.
The whale also bought the native token of the blockchain-based virtual world The Sandbox, adding about 426,000 SAND worth $2,044,800 in the first purchase, and an additional 1,703,978 SAND for a whopping $8,179,094. SAND is currently trading at $4.2 per coin, at the time of reporting.
Lastly, Light wallet bought about 3,090,000 CQT for $2,039,319. CQT is the native token of the Covalent Network, which provides an application programming interface suite that allows developers to pull data from several leading blockchain platforms. It is currently trading at $0.6 per coin.
Not the First Time
The latest purchases made by this whale wallet do not come as a surprise, considering that they previously made similar ones in the past few weeks.
The Light wallet, which currently holds a total value of over $4.3 billion in dig...