Norway Royalty Observes Signing of New DNV GL-VeChain Ecosystem

Norway Royalty Observes Signing of New DNV GL-VeChain Ecosystem

In a state visit to China, Norway’s King Harald V and Queen Sonja witnessed the signing of DNV GL-VeChain Digital Low Carbon Ecosystem

The signing signaled the conception of a new partnership between DNV GL, a Norwegian assurance company, and the Thirteenth Chinese Five-Year Plan: VeChain, BYD, PICC, Shanghai Xiandao Food, and the Sino US Relations Research Center. This happened at the Norway-China Business Summit 2018, an event co-sponsored by Innovation Norway and the Chinese Council for the Promotion of International Trade.

The partnership aims to build a network, through combing blockchain technology with business forces, to build a network of joint development and mutual benefit.

The Digital Low Carbon Ecosystem

The reduction of carbon emission will be recorded by leveraging the VeChainThor Blockchain and IoT devices. Businesses and individuals who succeed in lessening their carbon emission will be rewarded with carbon credits.

VeChain (VET) is currently priced at $0.01172/0.00000179 BTC and VeChainThor (VTHO) is at $0.001321/0.00000020 BTC.


0.000332 USD 0.36%
0.00000009 BTC 0.36%
Volume, 24h
1,567 USD

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VeChain (VET) Daily Price Forecast – January 22

VET/USD Medium-term Trend: Bullish Supply levels: $0.0046, $0.0050, $0.0054 Demand levels: $0.0038, $0.0036, $0.0034 There have been relative swing upward price movements in the market valuation of VET/USD about two days back. On January 20, the crypto has managed to rally from a low mark of around $0.0039 to briefly touch past the $0.0044 market high-value today. The market has now been trading around the Bollinger Upper Band located closely to the $0.0044 current high market point. The Bollinger Middle Band is closely located over the 50-day SMA. The Stochastic Oscillators are somewhat slantingly heading northward than eastward below range 80. That suggests that more ups can be expected but may lack strength. Bulls’ current market driving force seems not having more attraction of placing further long positions at this point in time as a reversion looks to be setting in around the current $0.0044 high market point.   VET/USD Short-term Trend: Bullish VET market worth has been on an increase as paired with the USD price valuation since the commencement of trading sessions today. After finding a foundation at its 50-day SMA indicator around $0.0041 mark today, the crypto surged northward to average $0.0045 mark. Price has been trading around the Bollinger Upper Band as the 50-day SMA is found a bit over the Bollinger Lower Band at around $0.0041 mark. The Stochastic Oscillators have briefly dipped past range 80 into the overbought zone. There may soon be a mode of consolidation movement around the range. The current uptrend in the short-term market run may need to use the Bollinger Middle Band for finding a foundation to potentially boost its continuity in the market. Traders are enjoined to watch out for a decent set-up before launching a position.     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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