VechainVechain VET news

Blockchain platform that focuses on financial services, supply chain management, and smart contracts. VEN is the cryptocurrency on this blockchain
Price, 24h
0.003778 USD / 0.00000108
0.40% / 0.93%
Volume, 24h
3,028,754 USD
209,070,894 / 0.19%
Chart price/vol/NIS 7d
Asset details

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VeChain (VET) Daily Price Forecast – December 11

VET/USD Medium-term Trend: Bearish Supply levels: $0.0044, $0.0048, $0.0052 Demand levels: $0.0032, $0.0028, $0.0024 There has been a feebly declining style in the market valuation of the VET/USD over a couple of weeks. The choppy price movements are usually being observed within a range before stylishly trending southwards with a weak force mostly. The crypto had broken the 50-day SMA’s trend-line on December 3 to continually pressing downwards further in that style. On December 9; the starting day of trade this week, the crypto briefly strived to make a touch against the upper Bollinger Band a bit below the $0.0044 mark. Thereafter, the market has been falling southwards slowly and steadily until now. The Stochastic Oscillators have dipped into the oversold zone. The VET/USD market valuation may soon be facing a consolidation move which may probably bring about more declining movements or lower lows in the next trading sessions. VET/USD Short-term Trend: Bearish As at the beginning of trading today, the VET/USD market saw a line of lower highs to the point of touching the 50-day SMA from below around $0.39 mark. About a few hours until now, the crypto has been stumbling southward. Yesterday, the crypto basically featured a degree of lower lows and lower highs within a range. Price has been trading around the lower Bollinger Band trying to push southward further. The 50-day SMA and the upper Bollinger Band are currently occupying a close location on the cart. The Stochastic Oscillators have joined together at around range 25. That could as well turn out as a consolidation movement. There still appears that the bearish trend is much stronger than talking about bulls’ possibility of coming back strongly into the VET/USD trade for now.     The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.
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VeChain (VET) Long Term Price Forecast- December 8

VET/USD Long-term Trend: Ranging Resistance levels: $0.0080, $0.0090, $0.010 Support levels: $0.0040, $0.0030, $0.0020 The VET/USD pair was in a sideways trend as price approaches the $0.0040 price level. On November 26, the crypto fell to the low of $0.00428 and commenced a range bound movement. There are Doji and Spinning tops candlesticks that are describing the indecision of buyers and sellers at the level where is price ranging. Meanwhile, the stochastic indicator is above the 20% range which indicates that the price of VeChain has bearish momentum and a sell signal. Similarly, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The 12-day EMA and the 26-day EMA are trending southward indicating that price is falling. Meanwhile, there will be no trade recommendation for long trades until bears exhaust their bearish pressure. The bears are likely to break the range bound movement. The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.
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VeChain Deploys First Japanese Tea Product Tracking Blockchain to Help Customers Know Tea Origins

Tea drinking enthusiasts and aficionados are often particular about where their tea is from as well as the climate and strains. Unfortunately, the ability to trace your tea’s origins hasn’t been available… till now. Tea lovers who would like to authenticate the originality of their next cup of tea or trace its products will be able to do so thanks to VeChain. VeChain is partnering with renowned tea business Fuji MARUMO Tea Garden to help with tea package tracking. It hopes to do this through the help of IoT and advanced tracking technology propagated over blockchain. So, with this solution, customers can easily confirm their tea product’s origins, by simply pointing their smartphones at the NFC chips embedded on the packages. The project will be rolled out in batches, with the first covering just a hundred different tea products that will have the VeChain’s NFC chips tracking Fuji Tea packages. This first batch is to test the hypothesis and see if it works. It’s the first phase of a larger agreement to prove that the idea and technology does work. Once proven, the partnership will involve larger volumes tracked across the globe. How Will This Work? Every product will have a unique ID that assigned to it by VeChain. This ID will be attached to their various NFCs. Using those chips therefore, customers can actually authenticate their tea’s origins as being from Fuji MARUMO Tea Garden. Not just that, customers will be able to obtain extra details about the product, including the tea garden’s history, which will be played via video, as well as a verification certificate. This certificate will be made available on the VeChainThor Blockchain. VeChain enables customers to verify the proof of origin in Japanese tea products. — VeChain Foundation (@vechainofficial) December 5, 2018 About Fuji MARUMO Tea Garden This is one of the world’s most popular Japanese tea producers. The garden which is located in Shizuoka, Japan, has been in existence for over 90 years. The location is popular and well known for the growing of tea, courtesy of its weather and rich soil. Surrounded by nature, the environment provides an excellent medium for the growth of tea products. Shizuoka itself has been a haven of tea gardens from as far back as 1241, little wonder it attracts so many tea lovers, and growers. While the tea growing process is very old and passed on from one generation to another, it has not stopped the tea garden from moving forward with the times. This is why the owners of the garden are partnering with VeChain in the hopes of reassuring their customers and curbing the sale of fake Fuji MARUMO tea products. The company has seen significant growth under the leadership of the current Mohei Honda, with the garden winning 2013’s World Green Tea Contest Supreme Gold Award. VeChain’s new tracking solution is another step in leadership and growth for the company. With the details and specific information provided, customers will be further served and satisfied. Combining both tea and VeChain’s technology, the world and Japanese tea lovers can rest easy, knowing that they can find out about their tea’s origins at a moment’s notice.
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Top 4 Vechain Dapps so Far... - Which Ones Will Moon?

💰Get on the Waiting List ★ All four? // GET THE APPS 💰 Social Exchange - 🚀 Market Cap - 💥 Stay Woke - 📚 Free Email Course - // GET STARTED 🚀 Become a Cryptonaut - Support us on 💻 Join us at the PUB! - 💰Get a Coinbase Wallet! - - Sign up! // WE DO SOCIAL 🔑 Decentralized Newsletter - 📔 Twitter - ✏️ LinkedIn - Music by Charles Giovanniello, a Bitcoin Pub community member! Note: This is not financial advice as all investing is speculative. Have fun and good luck!
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VeChainThor (VET) Releases Node Tokenization Update And Mobile Wallet Features

VeChain has recently announced the latest updates on node tokenization and mobile wallet. In a blog post released on December 4, VeChain informs about the latest developments that are taking place on its network. Introducing VeChainThor Node tokenization! In the VeChainThor Mobile Wallet 1.3.0 update you will find that node management is decentralized and options to trade/transfer tokenized Nodes in the Node Exchange Market are added. Update will go live Dec 5th. — VeChain Foundation (@vechainofficial) December 4, 2018 Once users upgrade to the version 1.3.0 of the VeChainThor Node, if they have a VeChain Economic X Node or VeChain Economic Node, this will be displayed in the Collectibles section. In the future, it might be possible to integrate third-party VIP181 non-fungible tokens in the VeChainThor wallet. Users will be able to upgrade their node in the ‘Rewards’ function when their address meet the minimum VET holding requirement. After doing it, the node will be upgrading to the next tier. The company has also written about node downgrade or drop, explaining that this issue continues to work exactly as in the previous version. The VeChainThor wallet is also offering support to the collection of VTHO rewards. However, instead of a weekly scripted distribution, the collection and distribution of these rewards will be executed using smart contracts as soon as a user triggers them. Users that want to claim their VTHO rewards in the new version will have to go to the ‘Rewards’ page and an unclaimed VTHO orb will be displayed. As soon as the user clicks ‘Collect Reward’ a smart contract will be executed sending VTHO using MTT protocol in just a few hours. It will also be possible for the node holder to transfer the ownership of the node token to another address. In order to do so, the node holder will have to input the receiving address, set a sales price and sign off on the smart contract transaction with the password of the wallet. Finally, a node holder is also able to choose to put the node on the market for a public auction. Users will be able to choose Fixed Price and Dutch Auction. Each of those has different characteristics and works in a different way. Nevertheless, in both cases, the node purchased opportunity is based on the first come first serve principle.
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Vechain (VET) news by Finrazor


High hopes: big plans of large players

A bolivar-to-petro exchange app from Venezuela, the Chinese mining companies go public, more reflections on Bitcoin, Zuckerberg's sister at Huobi, VeChain to partner with BMW and Renault, and one more state-backed currency

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Minor and major recent milestones in Top-50 coins and tokens, except for meetups and hackatons.

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US CFTC Plans to Seek Public Feedback to Better Understand Ethereum Blockchain

The latest report on Ethereum future contract unveiled that the Commodity Futures Trading Commission (CFTC) is looking for an in-depth analysis of Etherum blockchain. In order to improve the commission’s understanding of Ethereum and its underlying technology, the CFTC has announced its intention to publish a respective Request for Information (RFI) with the Federal Register. According to the statement: “The Commodity Futures Trading Commission (CFTC) is seeking public comment and feedback in order to better inform the Commission’s understanding of the technology, mechanics, and markets for virtual currencies beyond Bitcoin, namely Ether and its use on the Ethereum Network.” The Commission has put up a total of 25 questions which include topics such as the impetus for developing Ether and the Ethereum Network, especially relative to Bitcoin; the use of the Ethereum network by the developer community; scalability challenges, if any, of the Ethereum network; proof of work and proof of stake; similarities and differences in the governance of Ethereum and bitcoin networks; introduction of derivative contracts on Ether; and security issues, among others. Notably, one question asks: “How would the introduction of derivative contracts on ether potentially change or modify the incentive structures that underlie a proof-of-stake model?” A number of questions following this go further into detail about how the ether market might impact a derivatives market built on top of it – or vice versa. The CFTC said the comments received will benefit LabCFTC, the CFTC’s Fintech initiative, and help to inform the Commission’s understanding of these emerging technologies.

Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market

Currently, when crypto believers generalize every Wall Street banker to be a Bitcoin critic, a celebrated hedge fund manager and former Goldman Sachs executive changed his perception. Mike Novogratz is a now a name beyond the mainstream finance, and perhaps among the only consistent voices speaking in favor of bitcoin even after its 80 percent-plus drop this year. The 54-year old financial veteran sat before Bloomberg’s Erik Schatzker recently to discuss how the crypto market crash impacted their ventures and how he remains confident about crypto’s long-term potential. Novogratz admitted being on the losing side, stating that his cryptocurrency merchant bank, dubbed Galaxy Digital Holdings Ltd, brought $136 million in losses to its investors when he was raising funds for it. Nevertheless, the crypto crash couldn’t put Galaxy beneath the grounds, and the project was still on its way to – at least – break-even in 2019, he explained. “We’re not nervous; we’re frustrated that our investors have lost money. We’ve got plenty of cash to run the business for a long time. I keep telling my guys we’re a surfer getting ourselves in shape for when the next wave comes, and when the wave comes we’d better be the Laird Hamilton of crypto.” Digital Gold in Making Analysts have continuously argued whether or not bitcoin has a use-case in the mainstream. A majority of them believes that the digital asset’s lower adoption make it an overvalued bubble similar to the infamous Tulipmania from the Dutch Golden age. Investors have entered bitcoin markets on a promise of getting rich quickly, and it is no more stable than a pyramid scheme, i.e., it is all horns but no product. Novogratz, on the other hand, interpreted bitcoin as a digital gold in the making, counterarguing that it is one of the only crypto assets that “gets to be a legal pyramid scheme.” Because, to him, it is the belief that denotes value to a store of value- nothing more, nothing less. “All the gold ever mined in the history of the world fits in an Olympic-size swimming pool,” reasoned Novogratz. “You’re out of your mind to think that pool’s worth $8 trillion. But it is because we say it is.” As a metal, a store of value asset like gold does have plenty of use cases. Most notably, it is a good reflector of electromagnetic radiation such as radio and infrared rays, as well as visible light. Therefore, gold makes an ideal metal when it comes to protecting artificial satellites, astronauts’ helmets and in electronic warfare planes. But, in reality, only about 17% of the mined gold gets used in industrial applications – minus jewelry – while the rest gets stored inside vaults. That being said, the value of gold bullion itself is 83% speculation and 17% use case. Bitcoin, according to Novogratz, strictly possesses such characteristics. “The fact that David Swensen [Yale University’s chief investment officer] put an investment into Bitcoin, with his reputation on the line, his endowment on the line, tells you something. Some of the smartest people in the investing world think it’s a store of value,” Novogratz asserted. Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market was last modified: December 12th, 2018 by Davit BabayanThe post Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market appeared first on NewsBTC.

Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now

CoinSpeaker Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now A former partner at Goldman Sachs who is popularly called the “pretty face of cryptocurrency” Mike Novogratz, said that he is now the ugly face of the bust. Talking to Bloomberg, he pointed at SEC sanctions on certain ICOs and the uncertainty surrounding Bitcoin Cash’s hard fork as the reasons behind Bitcoin’s drastic fall from $6,200 to $3,400. However, Novogratz remains confident that Bitcoin will make a comeback. “I do believe Bitcoin is going to be digital gold. We have a business that we think can break even next year, if not make money. We’ve got plenty of cash to run the business for a long time. I keep telling my guys we’re a surfer getting ourselves in shape for when the next wave comes, and when the wave comes we’d better be the Laird Hamilton of crypto.” First, says Novogratz, they thought of crypto as of a bear market. “I went into it thinking in the long run crypto is going to be a real structural shift in the world and I can just hedge my portfolio. And to be fair, we did a really great job not losing money the first 60 percent down. What you forget is that a market like Bitcoin that’s down 84 percent has dropped 60 percent—and then another 60 percent. That’s where the pain happens. You start buying Ether again, because it’s only $400 after being at $1,300. But then it drops to $100, and you’ve lost 75 percent of your money. We haven’t done horribly in that context, but we’re still down.” He then explains what he thinks it’s next for crypto-world. He invested in a company called High Fidelity, which is a virtual world. “Me and you, we’ll sit down, and we’ll have virtual beers. People think I’m crazy when I say that, but Second Life does $500 million a year of GDP, real money traded back and forth in a virtual world with old technology. That’ll be the first use case where blockchain really works.” One of Novogratz ventures in the field of digital currency is the cryptocurrency bank Galaxy Digital LP which began trading back on August 1st, 2018. The bank was off to a very slippery start, losing 20 percent per share in a single day, which added to the company’s overall estimated losses of about $134 million in Q1 of 2018. At the time, the former Goldman Sachs partner once again said that he thinks “we’ve pretty much bottomed.” However, the market has plummeted since, as Bitcoin lost roughly another 60 percent of its value. Yet, Novogratz says that the situation is “not as dramatically as one would think.” Bitcoin Price Rise was Like a Drug High Addressing the fears surrounding Bitcoin he explains the price rise as a drug, “an instance of testosterone boiling over and its fall led to pessimism and rampant fear.” He said: “That was a drug, and I don’t say that lightly…there’s the pessimism, and the fear, and the “Oh my God, it’s going to zero.” But it’s not going to zero. We’re at the methadone clinic.” Novogratz had already been saying that the Bitcoin could hold its position till the end of the year and maybe rise, but then disaster struck. He thought Bitcoin, “was going to hold at $6,200…. but then Bitcoin Cash decided to fork again.” He also mentioned that ICO legislation by the SEC increased investor panic: “The SEC came out and sanctioned a few ICOs and said- oh, by the way, your investors can sue for damages. That scared the heck out of a lot of people.” Novogratz further added that “the ICO market is pretty much dead right now,” however, the regulatory body, “doesn’t want to kill this innovation.” Many crypto proponents of Bitcoin have equated the top crypto to digital gold, Novogratz is one among them, he said: “That means Bitcoin is the only one of the coins out there that gets to be a legal pyramid scheme. Just like gold is. All the gold ever mined in the history of the world fits in an Olympic-size swimming pool. You’re out of your mind to think that pool’s worth $8 trillion. But it is because we say it is. While I believe in the underlying technology and believe in the crypto movement, when prices get stupid, I sell. A lot of my friends in crypto just couldn’t let go. They were saying that this is going to change the world. Revolutions don’t happen overnight. I’d be walking down the street, and people would come up to me wanting to take selfies. That’s when I started to think, OK, this is weird.” Always Cautious About Bitcoin as a Currency It’s more than obvious that he is still being cautious. A year ago, he was known as one of the biggest pro-bitcoin advocates but always saying that bitcoin will be difficult for governments to shut down. “I’ve got concern that if price movements go higher we’re going to get more regulation, but I think it’s hard to shut down. I don’t think that’s a probability. Banks will be slow to move into the industry,” Novogratz then said, adding that he “doesn’t see quick adoption of bitcoin as a currency.“ He also said that one of the big risks out there right now is that prices are moving so fast that regulators are going to get nervous. “I could legitimately see bitcoin go $13,000, $14,000, $20,000, $25,000 and see somebody balk.” He also warned on the fact that right now most regulators, including those in the U.S., are working with the digital currency system and are “intrigued” by it. Today, one thing where Novogratz remains firm is that he reiterates his view saying institutional entry is key for the Bitcoin price surge. Unless that happens, a sustainable price surge in Bitcoin seems a distant dream. Novogratz says that perhaps we can see a significant institutional money flow in the first half of next year, 2019. Steady Growth or Nuclear Winter for Crytocurrency? Despite a huge cryptocurrency market crash, VC billionaire Tim Draper believes, the value of Bitcoin will keep going higher in the upcoming years. Speaking to Thiel Macro’s Mike Green earlier this month, the billionaire said he believes virtual currencies will eventually overtake fiat currency, making up two-thirds of the world’s currency value. “Down the road, when we can easily spend, or invest, or do whatever we want with cryptocurrencies—they’re frictionless, they cost you less,” Draper told On the other hand, the billionaire investor and venture capitalist Jim Breyer believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements. Breyer kept saying that the technology is too big to be dismissed just because of a temporary bear market. He warned that “we’re close to a nuclear winter right now with cryptocurrency.” Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now

Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed

Anger continues to engulf cryptocurrency trading platform Cubits after executives suddenly announced the company was bankrupt, blocking all user funds. Cubits Owner: Funds Recovery ‘Unsuccessful’ In a press release dated December 11, Dooga Ltd., the UK-based entity trading as Cubits, claimed “collusion” which resulted in a “criminal act” involving the loss of €29 million ($33 million) in February 2018 had forced it to shut down. “Since February, Dooga has made every possible effort to recover these funds,” the release reads. Unfortunately – contrary to expectations – these efforts have been unsuccessful up until now. As Bitcoinist reported December 11, officials had told users on Twitter that Cubits was undergoing “maintenance” and would “be right back.” An identical message had appeared on the company’s website, but on Tuesday this changed to a 500 error message and the website went offline. A fresh tweet then confirmed Dooga had entered administration, leaving already frustrated users bewildered at the conflicting official information. Cubits had begun delaying withdrawals by weeks, some said, while another told Bitcoinist he was looking to involve law enforcement as a result of the company withholding his money. Payments Coordinator Endorses OneCoin At the same time, curious activity among senior management revealed the company’s payments coordinator Eloise Debono to be an advocate of OneCoin, a defunct Ponzi scheme, which has attracted warnings from multiple countries’ authorities over illicit practices. “Bitcoin can be bought and sold on many different exchanges, meaning you could be paying or receiving more or less than you should be,” she wrote in a bizarre article in 2016. OneCoin uses one centralised exchange called OneExchange, where there is a fixed rate for buying and selling. I personally think this is more secure and less volatile. COO Max Krupyshev, listed on LinkedIn as Cubits’ “head of crypto business,” left in November, weeks before users began to complain about withdrawal and funds access problems. Liquidator: Cubits Operator ‘Secure’ According to the company’s administrators, users will receive official correspondence about the debacle in the coming days. “Our goal is to achieve the best outcome for creditors generally at the earliest possible date,” Steve Parker from insolvency firm Opus Business Services Group commented. “Dooga’s current position is secure, investigations are proceeding and we will be writing to creditors, formally, this week.” What do you think about the ongoing Cubits debacle? Let us know in the comments below! Images courtesy of Shutterstock The post Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed appeared first on

Tezos [XTZ] up by 13%; boost comes after Huobi Global teases listing

Tezos [XTZ], the token which ranks on the 20th position on CoinMarketCap’s list, has been going through a rough patch, owing to the strong bear market. However, the time appears to have been changing for XTZ as it has been seen siding the bull. Source: CoinMarketCap According to CoinMarketCap, the coin was valued at $0.41 with a market cap of $252 million, at the time of press. The coin reported a 24-hour trade volume of $2 million and grew by 1.80% in an hour. The maximum trade volume of the coin was registered by, with a market cap of $510,404 with XTZ/USDT pair. It was followed by UEX on the second and third position. UEX on the second position registered a trading volume of $398,341 with XTZ/USDT pair and on the fourth position, the market cap was noted to be $394,993 with XTZ/BTC pair. Source: CoinMarketCap This comes after the coin was valued at its lowest at $0.31 recently, with a low market cap of $192 million. The trading volume of XTZ was reported to be $3 million. The rise in the coin’s prices is speculated due to getting listed on Huobi Global. Huobi released a statement informing the crypto world about this. It read: “Tezos (XTZ) will be launched on Huobi Global on December 12, 2018 (GMT+8). Deposits will be available from 14:30, December 12, 2018 (GMT+8). XTZ/BTC and XTZ/ETH trading will be available from 18:00, December 13, 2018 (GMT+8). Withdrawals will be available from 14:30, December 16, 2018 (GMT+8).” Even though the coin is struggling to make over $2 million in trading volume, it has reported an uptrend by 13% over 24 hours. Meanwhile, there have been constant talks about Tezos being listed on Coinbase over the past couple of months and many holders are hopeful about the same. On December 7, Coinbase released a list of potential cryptocurrency list, which may be a part of the new listing. This listing included tokens like Cardano [ADA], EOS [EOS], Stellar [XLM], XRP [XRP], and also Tezos [XTZ]. An update is awaited on Coinbase’s end about the final listing. Tezos seem to be upping its game and fighting the bear head-on. The post Tezos [XTZ] up by 13%; boost comes after Huobi Global teases listing appeared first on AMBCrypto.
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