Omni – DIGIT INFO

Significant Deposit To Coinbase Amidst OMNI Network Token Decline

DIGIT — Thu, 18 Apr 2024 21:52:52 +0000

The OMNI network token has experienced a substantial decline in value today, shedding 32% of its market value, prompting attention to recent on-chain activity involving a notable address associated with the $ONDO project party. According to reports from on-chain analytics, an address linked to the $ONDO project deposited 200,000 $OMNI tokens into Coinbase just a few hours ago, amounting to approximately US$6.65 million. This address is believed to be affiliated with an early investment institution that holds interests in both the Ondo and Omni projects. Remarkably, this address received a distribution of 200,000 tokens from the $OMNI project only 18

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Tether Reveals USDT Stablecoin Is Now Supported by Polkadot

DIGIT — Fri, 23 Sep 2022 20:30:57 +0000

Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days ago. The news further follows Tether being ordered by […]

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Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks

DIGIT — Mon, 12 Sep 2022 19:30:29 +0000

On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether Connects With the Near Protocol Tether has revealed that tether (USDT) is […]

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Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report

DIGIT — Sun, 22 May 2022 14:00:50 +0000

The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s […]

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The $62B Stablecoin Giant Tether Publishes Assurance Report Reviewed by Auditor Moore Cayman

DIGIT — Tue, 10 Aug 2021 07:30:02 +0000

Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30. Tether Publishes Assurance Report On August 9, 2021, Tether’s chief technology officer tweeted […]

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Omni Is Bringing the Future of Music via NFTs

DIGIT — Sat, 26 Jun 2021 13:00:56 +0000

At its core, social media is a web-based communication tool that facilitates constant and instant interaction and sharing of information between people. On one hand, social media enables socialization and promotes togetherness. On the other hand, it can leave your data open to the world and put a person’s privacy and information at risk. If […]

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Omni II Launched, 2021 Events Planned for Interested Investors

DIGIT — Mon, 18 Jan 2021 05:15:33 +0000

PRESS RELEASE. Omni Futures LLC has received significant interest since its recent founding and is starting series A funding from additional investors for a new project, Omni II, to develop additional infrastructure in cryptocurrency mining. According to Ali Farhat, Managing Director of Omni Futures, “Overwhelming interest in a new proprietary mining technology has shown demand […]

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Token Projects to Recover $130M from the Kucoin Hack, Devs Condemned for Centralization

DIGIT — Tue, 29 Sep 2020 00:19:46 +0000

The cryptocurrency community has been discussing the Kucoin hack as a great number of ERC20 projects have frozen, paused, or reversed their smart contracts after the hack. Estimates say that at least $129 million ERC20 tokens affected are considered “safe” from the hacker’s clutches. Additionally, evaluations show the breach may be much larger than originally […]

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Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply

DIGIT — Thu, 02 Jan 2020 08:33:57 +0000

Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network […]

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How Merge Mining and Anchored Blockchain Projects Capitalize on Bitcoin’s Security Model

DIGIT — Sat, 21 Sep 2019 21:20:05 +0000

Since 2011, just after Satoshi Nakamoto left the Bitcoin project for good, networks have emerged that leverage the BTC chain in some way. A variety of projects over the last nine years have found value in anchoring some sort of feature set to BTC in order to bolster the satellite’s underlying network. The following article […]

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