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VeChain (VET) Finds an Angel Investor in DNV GL

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VeChain
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After having a brief phase of rebound during the last several days, VeChain, along with the rest of the crypto market, is going down once again. As the market is turning sluggish after having a rebound period that lasted for about 4 days, the majority of currencies are getting back to trading in the red, that way losing on the total market cap. However, where there is bad news, there must be a light at the end of the tunnel, so VeChain still has something positive to share with the crypto community. This time, one of their partners, decided to invest in VeChain, supporting this start-up, non-profit, Singapore-based blockchain foundation.

DNV GL Invests in VeChain

Partnerships matter in the world of blockchain as well as listings, so as of the most recent occasion, one of the existing partnerships that VET has acquired over the time, has paid off yesterday on Consensus 2018.

On this occasion, the CEO of DNV GL and the CEO of VeChain Foundation have given a live statement about the latest announcement that the CEO of Business Department at DNV GL had to share with the public.

With over 12.000 of employees at the moment and with over 19 billion dollars in revenue of the company, DNV GL represents registrar organization and global consulting firm based in Oslo, Norway.

The company was already on the list of partnerships acquired by VET, but as of the latest circumstances, the CEO of DNV GL has announced that their company has decided to invest in VeChain blockchain foundation, that way supporting VeChain as a currency as well.

DNV GL has partnered with VeChain back in January 2018, specifically at the end of January, where their partnership was justified by the need of DNV GL for blockchain-based technology.

Since the company needed a cost-effective and highly functional way of tracking assets, they decided that the best way of enabling this feature would be to use the technological capabilities of VeChain.

The amount of the initial investment was not revealed to the public as both parties decided to keep the amount private. However, we know that DNV GL and VEN will surely continue with their cooperation in the future, as stated by the CEO of VeChain.

Furthermore, probably due to the latest investment that was placed in VET, DNV GL is planning on using Authority Masternodes, that way becoming the first Authority Masternode holder in form of the program 101 Authority Masternodes as hosted on the VeChain blockchain.

On the question about the reason behind the investment, the CEO of DNV GL stated that the initial investment is only one of a few planned investments that should be placed in the following period. The reason behind these planned investments is to make VeChain more efficient in oppose to other blockchain networks, as stated by the CEO of DNV GL.

Further on their partnership, both CEOs added that they are planning on building a supply chain that will become a part of DNV GL services. The supply chain should be built with VEN technology.

Moreover, the two CEOs have added that they are also planning on creating much safer and faster environment out of VET blockchain platform.

As the ultimate product, DNV GL’s own CEO, Crisciotti, claims that their goal is to provide their customers with full commitment while being able to track their products and make sure that all products are able to reach their customers.

At the end of his statement, Crisciotti added that they need a fast and safe blockchain environment in order to do so, and he believes that VeChain has what it takes to make a functional supply chain possible.

How is VeChain doing at the Current Moment?            

After having a couple of days reserved for bouncing off against the dollar, VeChain as well as the majority of coins and tokens, are being traded in the red zone again.

After a brief period of trading in the green was ended, the majority of currencies started to drop, and despite the latest investment from DNV GL, VET is going down against the dollar as well.

After losing -4.6% against the dollar in the period of the last seven days, and managing to collect a set of gains of 36% up against the dollar in the course of the last 30 days, VET is now dropping.

After the last 24 hours, VET has dropped by -7.68% against the dollar, that way trading in the red.

VET is also losing against BTC and ETH at the moment as it is going down by -3.91% against Bitcoin and over 4.80% against Ethereum.

Following the latest change in the market, VET can be currently traded at the price of 4.76$ per one unit, based on the market results provided on May 16th.

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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

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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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