VeChain Archives - Cryptolifedigital

VeChain’s Bullish Surge: VET Hits 10-Month High, VTHO Rallies 43% in a Week

14Dec

By OLAJIDE SAMUELNo Comments

Blockchain

VeChain’s Bullish Surge: VET Hits 10-Month High, VTHO Rallies 43% in a Week

In anticipation of an imminent bull run, the VeChain blockchain has witnessed a series of bullish developments, igniting investor optimism and driving notable price rallies for its ecosystem tokens, VET and VTHO. VET, as the primary utility token of VeChain, has taken the spotlight with its bullish trajectory. The upward trend for VET commenced on November 30, following a three-week consolidation period. In late October, VET experienced a substantial rally, surging from $0.0163 on October 19 to $0.023 on November 9, marking a 41% increase in just three weeks. However, the $0.023 high posed formidable resistance, leading to a three-week consolidation. Read Also: XRP's Bullish Outlook: Abs Highlights Potential Bull Run Following Unique Flag Formation During this consolidation ph...

VeChain (VET) Analyst Project Significant Rally, Targeting $1.6 Price Level.

6Jul

By OLAJIDE SAMUELNo Comments

Cryptocurrency

VeChain (VET) Analyst Project Significant Rally, Targeting $1.6 Price Level.

In a recent analysis, renowned chartist and analyst Egrag made a compelling case for a significant rally in the price of VeChain (VET), projecting a target of $1.6. Egrag's analysis is based on technical indicators and historical patterns, suggesting that VET is poised for a bullish breakout. Renowned chartists (Analyst) Egrag and World of Charts provide a bullish analysis of the VET price trajectory Egrag emphasizes the critical nature of VET's price action and identifies the current phase as an accumulation period, presenting a life-changing buying opportunity for investors. Drawing from a previous cycle's fractal, the analyst confidently states that a price level of $1.6 can easily be achieved once the market conditions align. Read Also: Terra Classic (LUNC) Community Member Raises...

28Oct

By CryptolifedigitalNo Comments

Blockchain

Yongpu, A Chinese Brand Coffee Industry Selects VeChain Blockchain For Commodity Traceability And Transparency

In a recent development, the top China-based brand Yongpu Coffee plans to leverage the nascent blockchain technology in the surveillance of distribution channels in coffee production and commodity traceability and in this regard it has selected VeChain as its best option. It is worth noting that Blockchain has integrated some crucial improvements to several industries which often address the issues in areas of transparency and immutability. Read Also: Binance Adds Support For The COTI, The Official Issuer Of Cardano Stablecoin, Djed, To Enable Borderless Crypto Payment Yongpu Selects VeChain For Its Production Management The development was shared on a Twitter handle, eisenreich, a Vechain’s influencer, saying “Yongpu, a leading domestic boutique coffee brand, has reached a c...

Binance.US Launches Staking For The VeChain Token, It Says Its Customers Can Stake And Earn 1% APY.

20Oct

By OLAJIDE SAMUELNo Comments

Blockchain

Binance.US Launches Staking For The VeChain Token, It Says Its Customers Can Stake And Earn 1% APY.

According to a recent tweet, Binance.US announces that it has launched staking for the VeChain token (VET). Binance.US Launches VeChain Staking Per the tweet, Binance.US made it known that its users who stake their VET will earn 1% APY, which will be paid in VeThor (VTHO). https://twitter.com/BinanceUS/status/1582779386251857921 Furthermore, Binance.US said that the staking rewards for VET would be paid out weekly. In addition, there is no mandatory lock-up period for VET staking, as customers can unlock their staked funds whenever they choose without incurring any fee. Read Also: VeChain Partners With Venice Sustainable Fashion Forum To Enhance Sustainability In fashion Supply Chain Binance.US noted; customers can now buy, sell, convert, or stake VET, and also buy, ...

VeChain Partners With Venice Sustainable Fashion Forum To Enhance Sustainability In fashion Supply Chain

20Oct

By CryptolifedigitalNo Comments

Blockchain

VeChain Partners With Venice Sustainable Fashion Forum To Enhance Sustainability In fashion Supply Chain

In a recent tweet shared by the VeChain Foundation, enabling a partnership with Venice Sustainable Fashion Forum to drive sustainability in fashion supply chains, starting with an event in Venice. VeChain noted; “We’re excited to partner with the Venice Sustainable Fashion Forum to help drive sustainability in fashion supply chains alongside major global brands & our key channel partner @DNV_Group,” Read Also: Guideline For Opening XRP Account On Metamask Is Out: Detail https://twitter.com/vechainofficial/status/1582690430273347584 Vechain Partners With Venice To bring Sustainability In The Fashion Supply it is worth noting that the event in Venice will be the future of sustainability in the fashion supply chain and, with VeChain’s partnership, how blockchain can acc...

TruTrace Adopts Vechain Blockchain For The Use Of Blockchain Within Product Traceability

30Aug

By CryptolifedigitalNo Comments

Blockchain

TruTrace Adopts Vechain Blockchain For The Use Of Blockchain Within Product Traceability

Vechain, the top enterprise-grade layer 1 blockchain platform, has recently collaborated with a Canada-based software-as-a-service (SaaS) platform, TruTrace. As stated in the announcement:“the direct connection between TruTrace and VeChain ToolChain will allow TruTrace to offer to those companies dedicated to product quality and authenticity, a seamless and rapid way to begin utilizing blockchain in their business, all without burdensome investments in network infrastructure or management of cryptocurrencies.” Also, the Canadian SaaS platform adopted the VechainThor blockchain to strengthen its protection for brands and consumers against being a victim of fake and contaminated products in the affiliated companies such as legal cannabis, food, apparel, and pharmaceutical industries. ...

Vechain Blockchain Dev Team Updated Its Public Testnet To Include “Finality With One Bit” In Order To Improve Consensus Algorithm

19Aug

By Cryptolifedigital2 Comments

Blockchain

Vechain Blockchain Dev Team Updated Its Public Testnet To Include “Finality With One Bit” In Order To Improve Consensus Algorithm

VechainThor public testnet has been updated successfully. The tweet posted by the VeChain Foundation revealed the information on its official Twitter handle. VeChainThor stated:“The VeChainThor public Testnet has been successfully updated to include VIP-220 - AKA, ‘Finality with One Bit’ (FOB).” https://twitter.com/vechainofficial/status/1560546826654203904 VeChain Aims To Improve Consensus Algorithm It is worth noting that the VeChain has been aiming to improve the algorithm of its consensus and to get this done, a finality gadget, named the Finality with One Bit (FOB) is designed and integrated to allow the running of dual modes of consensus, namely, the Nakamoto and BFT consensus at the same time. Read Also: Burn NFT is Launching On Phantom To Fight Unwanted Wallet Spa...

VeChainThor Announces Its XP.NETWORK’s CrossChain NFT Bridge Now Live On The Mainnet

3Aug

By Cryptolifedigital4 Comments

Blockchain

VeChainThor Announces Its XP.NETWORK’s CrossChain NFT Bridge Now Live On The Mainnet

Recall, that in early 2022, Vechain shared a mission statement which focused on the growth of its tools, community, services, and global presence. In the quest to achieve this, VeChain hasn’t ceased working. For instance opening the offices in Europe, setting plans to employ 100 foundation developers and proceeding to upgrade the beating heart of VeChainThor with revolutionary technology like POA2.0. VeChain announced the successful grant application of the specialist NFT cross-chain bridge builder, XP.NETWORK. After much work by the VeChain team, the XP.NETWORK’s NFT bridge has now officially gone live as revealed on their official Twitter handle. Read Also: Approximately 7,767 Solana Wallets Have Been Affected Through A Recent Exploit And Engineers Are Working To Get The Root C...