OmiseGO to Collaborate with Credit Card Company

Omise and OmiseGO signed a Memorandum of Understanding with ShinhanCard to explore opportunities for fintech and blockchain initiatives
05 April 2018   700

OmiseGO is devoted to developing blockchain technology and bringing best services to its users. On April 5, OmiseGo and Omise have announced that they had signed a Memorandum of Understanding with ShinhanCard, which is an affiliate of the Shinhan Financial Group, and a Korea's biggest, global top-five credit card company.

(From L-R): Mr. Kim Jung Soo, Mr. Jun Hasegawa and Mr. Ezra Don HarinsutMr. Kim Jung Soo, Mr. Jun Hasegawa and Mr. Ezra Don Harinsut

Two companies plan to collaborate on further advance ShinhanCard’s digital offerings across its portfolio of payment services and mobile application in a growing mobile payments market. According to the official announcement, this agreement expands Omise’s presence beyond its home countries in Southeast Asia and Japan, while also working towards building a strong partnership for OmiseGO.

We want to make it easy for those who need online asset exchange as part of their business to connect seamlessly to the OMG Network.

Jun Hasegawa

CEO and Founder, Omise and OmiseGO

At the moment of press, these are main market parameters of OmiseGO:

Average price: $8,73
Market cap: $891 046 787 
24h volume: $74 879 200

Hackers to Earn $32k With Bug Bounties

Largest bounty for one fix was paid by - $ 10,000 and the largest amount of issues found in one project is 6 at Omise
21 May 2019   261

Ethical hackers have earned $ 32,150 in the last seven weeks, reporting vulnerabilities in cryptocurrency and blockchain projects, The Next Web reports.

In the period from March 28 to May 16, the said amount was paid by 15 projects, in products of which a total of 30 bugs were discovered.

Omise is the project with the most vulnerabilities found by ethic hackers - six. The Augur prediction market and browser developer Brave unveiled information about three vulnerabilities each.

White Hackers Bug Bounties Per Company
Hackers' Bug Bounties Per Company

Also on the list with 1-2 vulnerabilities were projects and companies such as Chainlink, Monero, MyEtherWallet, and Coinbase.

While the bugs found in Omise products had a low threat level and were valued at $ 100 each, some projects had to pay more substantial amounts. So, paid $ 10,000 for one fix, and TRON awarded $ 3,100 hackers who discovered that the cryptocurrency network is vulnerable to DDoS attacks via smart contracts.