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Here Are 4 Reasons To HODL VeChain (VET) for the Second Half of 2018

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VeChain
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Global Coin Report has been keeping an eye out on VeChain (VET) and things look like they are looking up for the coin that just migrated to its own blockchain. The Mainnet is live and running giving us one reason to HODL VET for the foreseeable future. The VeChain Thor (VET) platform has been slated as being the best of the best in the crypto-verse. Not many blockchain projects make it to the Mainnet phase and actually release an actual blockchain platform. But VET had all the signs of a good project from the get-go.

There are official reports of the Chinese Government partnering with the project. In particular, the government of the Gui’an New Area of China. As part of the plan, VeChain will implement blockchain technology to improve government operations for the development of a smart city in Gui’an. If plans work out at Gui’an, then it is all systems go for possible VET adoption in other areas in China thus giving us a second reason to HODL VET.

In addition to the partnership with the government of Gui’an, VET was part of a Pricewaterhouse Cooper incubation program. The PwC company has constantly backed the project with its arms of business in China and Singapore. Through PwC, VET will have access to expert advice to enhance the project’s growth in the greater South East Asia region.

VET has also partnered with DNV GL, a global quality assurance and risk management company. Another VET partner is Kuehne and Nagel which is a Supply Chain and Logistics company. Other partners include BitOcean, Fanghuwang and other firms in the industries of real estate, art, automobiles, tobacco, just to name a few.

The third reason to hold VET is the VTHO distribution that will happen on a daily basis. Two prominent exchanges will be supporting the distribution of the VTHO: Binance and Gate.io. The frequency of each is monthly and weekly respectively. The exact formula for calculating VTHO can be found on page 38 of the VeChain whitepaper. Any additional tokens for owning VET is a good deal as more and more exchanges pledge their support for the VTHO distribution.

The fourth and final reason to HODL VET is that the crypto-markets are ripe for another Bull run with Bitcoin (BTC) leading the pack as usual. VET is currently trading at $1.99 and at its lowest levels this year. This means that HODLers have a chance to get some more VET before the BTC Bull run starts as we head into the holiday season that starts in November. The Bull run will also be fueled by news of more institutional investors getting into crypto investing.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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