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VeChain Makes a Comeback with a Strategic Partnership

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VeChain
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VeChain, one of the most popular blockchain platforms, has attracted the attention of investors recently. As a decentralized blockchain project, VeChain (VEN) is widely recognized for its financial services, including supply chain management. Although VEN’s performance has been impressive in the past few weeks, it has managed to grip the investors’ attention.

Tracing the recent developments on VeChain platform, the blockchain has invigorated fresh interest with the upcoming Mainnet launch. The crypto project, which has rebranded its name to VeChain Thor (VEN), has also released its updated whitepaper. VeChain’s executive Sunny Lu affirmed that the project is prepared to usher in a new phase with Vechain Thor. While giving a statement in an interview on the Box mining channel, Sunny Lu spoke about the upcoming Mainnet launch scheduled for June, stating the challenges involving the dApps, development. After listing on platforms like Bitmart and Zebpay, VeChain is ready to surprise investors with interesting partnerships.

Critics Slam VeChain for Rigorous Code Testing

While many traders have acknowledged the developments on the blockchain, VeChain was not entirely free from criticism. As VeChain proceeds towards its much anticipated Mainnet launch, many critics have slammed it for the testing of its code. Discernibly, the development team has been rigorously testing its code prior to the Mainnet launch. Speaking of the upcoming VechainThor (VEN), Lu said that the purpose of “any kind of software project or system project, you should put at least fifty percent of [your] budget in testing”.

VeChain (VEN) Announces Strategic Partnership with DECENT.bet

Originally designed as a digital platform for regulating supply chain management processes, VeChain enables users with the opportunity of assessing the quality of products. While the blockchain is largely deployed to determine the authenticity of luxurious items, it also provides consumers with comprehensive background information of various products. This influential crypto project, which has made some exciting developments on the blockchain to impress its investors, has witnessed some interesting developments.

One of the recent announcements that caught the investors’ attention is VeChain’s partnership with DECENT.bet. As a one-of-its-kind gaming platform, DECENT.bet offers a profitable alternative that promises to revolutionize the future of gaming. In a medium post, the gaming platform announced that it has signed a strategic partnership with VeChain. Explaining the reasons for choosing VeChain Foundation, DECENT.bet team asserted that VeChain stood out to the global audience for its invaluable services. Given the fact that VeChain has expanded its reach through a number of important partnerships, VeChain seemed like the best alternative for the gaming platform.

Speaking of the why DECENT.bet made the decision of tying up with VeChain Foundation, the team discussed the following points:

  • VeChain has cemented its place in the global community as an international enterprise-level public platform. It has expanded its reach globally with its consistent performance, global partnerships, and overwhelming market response.
  • Besides the notable partnerships, the blockchain has been widely recognized for its well-structured, networked system that offers efficient resources, incubators, and other top-notch facilities.
  • Through the real-world applications of blockchain technology, VeChain Foundation has proven the fact it is a pioneer in this field. The gaming industry will greatly benefit from such a partnership, and DECENT.bet’s disruptive technology is likely to receive a boost.
  • The VeChain executives believe in building momentum for mainstream uptake, and DECENT.bet aims to accomplish the same thing.

 Key Developments on VeChain Blockchain

As evident from the market response, DECENT.bet’s the tie-up with the blockchain has become all the rage. While events such as this and Mainnet release have created a lot of noise in the market, VeChain is set to surprise its users with strategic developments. As per the latest updates, Liangang, The International Intelligent Manufacturing Exhibition Trading Center has signed a deal with VeChain (VEN). Apart from these partnerships, mention can be made of VeChain’s listing on BarterDEX and MustangChain’s decision to launch blockchain on VeChain platform. In any case, as all eyes are set on the Mainnet Launch, VeChain is gearing up to embrace a new phase of unprecedented growth.

VeChain and the Market

As evident from the currency’s recent price movements, VEN is struggling to come out of a bearish downtrend. Although a bearish market is underway, the coin has bolstered its position with interesting upgrades, which include strategic partnerships and listings. Trading at $3.47, the coin has moved up from its previous position by 4.88%. Ranking 16 by market capitalization, its market capitalization is tantamount to $1,825,602,301 as of May 30, 2018. Presently trading in the green, the currency is likely to see some major changes in the coming days, and if everything goes well, the Mainnet can restore VeChain’s position in the crypto space, taking it to new heights of success.

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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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