Connect with us


VeChain (VET) Silently Lists on Bitfinex and Ethfinex




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

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


TRON Partnership Involves Cloud Computing



TRON partnership

It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

Continue Reading


Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?




Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.

It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.

The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.

China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.

Furthermore, the country has adopted several…

Continue Reading


Ravencoin (RVN) Surges Following Binance Listing




While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.

About Ravencoin

Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.

Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.

Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.

Ravencoin got listed on Binance prior to MainNet launch

Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.

Getting listed on Binance has brought Ravencoin to the top…

Continue Reading