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.


0.000703 USD -10.62%
0.00000009 BTC -10.62%
Volume, 24h
5,571 USD

Related news

Bitcoin And China’s Yuan Are Inversely Correlated, Research Says

BTC Spiked As The RMB Fell Evidence is purportedly mounting that Bitcoin and the Chinese Renminbi (RMB), known as the Yuan, are tied to each other. A report from the South China Morning Post recently noted that after Donald Trump, the president of the U.S., announced tariff changes on Chinese imports, BTC began to rally. Simultaneously, the yuan purportedly fell to its lowest level in six months, as China looked to move against Trump. Garrick Hileman, the head of research at industry startup, told the SCMP that his team, in fact, sees a “strong inverse correlation” between the two assets. He does add that can’t be “100% certain that Bitcoin’s recent price increase is being driven by trade tensions”, but subsequently noted that the Yuan has traded inversely to the RMB in the past. As seen in the Twitter post below, there are some eerie similarities in the charts. Maybe just a coincidence but you tell me Bitcoin is winning the trade war while China and US is a lose-lose— Dovey Wan 🗝 🦖 (@DoveyWan) May 13, 2019 What gives this theory even more credence is that over the past few months, regulators in Beijing have begun to crack down on cryptocurrency en-masse. Most recently, social media and technology giant WeChat revealed that it would be disallowing merchants from making crypto-related transactions, especially those that involve over-the-counter trades. As Primitive’s Dovey Wan explains, this ban may “impact local liquidity to some extent,” citing her experience and knowledge as an insider of the local cryptocurrency space. It is important to note that this move is very similar to Alipay’s purge of Bitcoin OTC accounts. Some, however, believe that this correlation was recently deemed moot. Macro analyst Alex Krüger recently pointed out that Friday’s sell-off shows that BTC is a hedge against trade wars is “nonsensical”. Citing the fact that the Bitstamp sell-off was practically engineered by one entity, which many speculate was trying to turn a profit on BitMEX, he adds that Bitcoin’s recent parabolic rally likely is a result of “a handful of parties.” He goes on to joke that the Bitcoin and RMB narrative is just as foolish as those saying that the cryptocurrency is correlated with avocados, which has spiked alongside BTC. The Bitcoin – Chinese Renminbi correlation that the world has been spinning is similar to the Bitcoin – Avocado correlation.— Alex Krüger (@krugermacro) May 17, 2019 Bitcoin Is A Hedge, Make No Mistake Despite this, some are sure that Bitcoin is great as a digital gold, or gold 2.0 if you will. Hildeman explains: We also continue to see growing recognition of bitcoin as ‘digital gold’ and it being used as a hedge against various macroeconomic risks.” Indeed, just the other day, Travis Kling of Ikigai, formerly of Wall Street, told TD Ameritrade that Bitcoin is a perfect hedge against “irresponsibility from governments and central bankers”, adding that BTC is an insurance policy against inflationary tactics imposed by the incumbents. And this might just be what boosts the cryptocurrency in the long term, as Brendan Bernstein noted. Title Image of Yiran Ding Via Unsplash The post Bitcoin And China’s Yuan Are Inversely Correlated, Research Says appeared first on Ethereum World News.
Ethereum World News

Vechain Price Prediction: Long-term (VET) Value Forecast – May 18

On the upside, if the bulls break the upper price level, the crypto’s price will rise and reach the highs of $0.008500 and $0.009000. On the other hand, if the bulls fail to break the upper price level, the crypto’s price will fall back to the range bound zone. VET/USD Long-term Trend: Ranging Resistance levels: […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.