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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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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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coins
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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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