Connect with us

Blogs

VeChain (VET) Silently Lists on Bitfinex and Ethfinex

Published

on

VeChain
READ LATER - DOWNLOAD THIS POST AS PDF

In a May 10th tweet, the official Bitfinex handle announced that VeChain (VET) deposits have been enabled on the popular online and mobile trading platform. Checking the platform indicates that trading is now live on both Bitfinex and its sister exchange, Ethfinex. Not many crypto traders caught on but Global Coin Report was able to spot the development.

Bitfinex Tweet on the 10th of May

The listing adds to the much-needed liquidity by the VeChain (VET) project and token. The current market analysis puts VEN at a value of $4.57 at the moment of writing this. The token is up less than a percent in the last 24 hours. The token’s market capitalization is pretty high at $2.404 Billion with a circulating supply of 526 Million VEN. The token is now available on 48 exchanges according to coinmarketcap.com.

With respect to Bitfinex and Ethfinex, the latter was only launched this year as an ERC20-token-specific trading platform unlike the parent exchange, Bitfinex, that caters for also the major coins. With Ethereum, Bitcoin and the USD as the major currencies that token pair with on the Ethfinex platform, it allows for fluid trading amongst the 3 base crypto and fiat options. The beauty of being on the Bitfinex platform is that you can log into Ethfinex using the same credentials and your balances will still be visible on both. This is some good integration by the Bitfinex and Ethfinex teams.

VeChain is a leading global enterprise level public blockchain platform. It aims to bridge blockchain technology and real-world applications. VeChain also plans on providing the necessary decentralized governance structure to build a robust economic model as well as the advanced Internet of Things integration.

The project recently rebranded to VeChain Thor (VET) and has a new blockchain with a similar name: VeChainThor Blockchain. It is currently undergoing rigorous tests to ensure that it works as it was designed to do when the Main Net is launched later this year.

The timetable towards final launch involves a Public Alpha test which will involve 100 vetted testers. In June this year, the VeChain foundation will open the code base to the public signifying the start of the Public Beta Test for further hands-on testing. The MainNet will be launched by the end of June; adding to a growing list of projects launching the MainNet versions of their projects in Q2 this year.

The Next few months will be an exciting time for the Crypto-verse.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

Continue Reading

Blogs

3 Coins with the Largest Potential in 2019

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

Continue Reading

Blogs

Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

Published

on

crypto projects
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

Continue Reading

Elite