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VeChain (VET) Scores an Integral Partnership for VeChain Thor

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VeChain seems to be going full steam while its current development stage is focused on the launching of the VeChain Thor platform.

VeChain Thor test net was released to the public on June 14th, while it is expected to have the testing all done and wrapped up by the end of the following month, after which we will get to see the VeChain Thor platform in its full operational power.

VeChain has once again gotten into the spotlight with the latest announcement the VeChain foundation has made via their twitter, stating that they have acquired a perfect partner for VeChain Thor when it comes to making an infrastructure partner.

VeChain Announces a Crucial Partner for VeChain Thor

VeChain foundation has announced via their official Twitter account that they have just acquired a crucial partner for the infrastructure of VeChain Thor.

The announcement was made on June 20th, and on this occasion, VeChain stated that they have partnered up with Esprezzo due to their Esprezzo app.

What brought Esprezzo to VeChain was the fact that their CEO attended the Blockchain Week in New York, where he was fascinated with the dedication the team VEN has shown during the conference.

Esprezzo was presented by VeChain foundation on their official release on Medium as well, where Esprezzo was described as a provider that makes designing of decentralized applications easier and simpler for developers, while enabling enterprises, foundations and individual developers to use exquisite tools for easier blockchain based construction of decentralized applications.

Esprezzo thus has the main objective of creating middleware for blockchain based operations that front-end developers could take advantage of.

VeChain presented Esprezzo application as the first “velocity toolkit” that serves the purpose of providing the needed tools for an easy and simple creation of Dapps.

Esprezzo on VeChain Partnership

According to the CEO of Esprezzo, he decided to go forward with initiating collaboration between Esprezzo and VeChain Foundation once he attended the Blockchain Week that was held in New York.

On this occasion he stated that the VEN team is one of the most dedicated and loyal communities that he has ever gotten a chance to meet, as well as stating that he hopes that Esprezzo and VeChain will together share the enthusiasm that VEN community has as well as “bring the benefits of blockchain to everyone”.

The excitement seems to go both ways, so probably due to the recent partnerships and so far successful test net of VeChain  Thor, VEN managed to pull out again, although a minor one, in the middle of the market with over 90% of the dropping assets at this point.

While VeChain Thor users will be able to take advantage of different features that Esprezzo platform is offering with this partnership, Esprezzo will have its tokens (EZPZ) where the tokens will be minted in the following weeks.

Esprezzo has pledged to have at least a single sale of EZPZ tokens organized to be sold in VET tokens, while the company also signed the agreement with VeChain foundation where they have promised to hold VET tokens, while not spending the mentioned units unless there are no other resources to be spent.

It seems that VEN foundation has made a proper choice with their “first VeChain Thor partnership” as having Esprezzo investing in VEN is the main reason while we can see VEN up at this moment even though the majority of assets started to drop in the past couple of hours.

With Esprezzo app, the users of VeChain Thor will soon be able to easily create and deploy decentralized apps thanks to the super API tools and the toolkit that Esprezzo brought to VEN with this partnership, that way creating a more functional ecosystem for developing Dapps and operating with smart contracts.

VeChain (VEN) Performance

Although acquiring only a minor boost in the now dropping market, VEN is going up by 0.30% against the dollar at this moment, while surpassing ETH by over 2% at this point.

Soon to become VET, VeChain can currently be traded at the price of 3.18$ while being ranked as the 17th-best currency.

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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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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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