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VeChain leverages blockchain to solve the problem of counterfeits and product traceability across supply chains and logistics.

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Hacken Seeks A Fresh Start On VeChain

Blockchain cybersecurity firm Hacken (HKN) is migrating its blockchain-related operations from Ethereum to VeChain (VET). The Ukraine-based project cited the logistics platform’s superior technology and an already strong record of enterprise adoption. “After evaluation, Hacken believes the VeChainThor Blockchain to be the best available option in the market,” according to the official announcement. In addition to an active community and thriving ecosystem, Hacken also praised VeChain as one of the most secure blockchain platforms. The company has previously been a security auditor for VeChain’s technology. VeChain also has features like Multi-Party Payments (MPP) that could bring additional utility to blockchain technology and make it more accessible for businesses worldwide.  Big-name companies like Deloitte and PwC already use its management system to track products through their production cycles. “Hacken shares a similar enterprise client [to VeChain]; we understand it takes a lot of professionalism and trustworthiness for enterprises of that calibre to lend their name,” Hacken said. Enterprises use VeChain to create a transparent and more efficient supply chain. Yesterday, a Chinese-based wine merchant began using the platform for a new wine traceability system to tackle a rising problem of counterfeit bottles in the country. Crypto Briefing reached out to Hacken for comment but had not received a reply by the time we went to press. What is Hacken? Hacken is a community-led team of blockchain security specialists. Since launching two years ago, the company has provided white-hat hacking services for TradingView, AirAsia and the U.S. Department of Defence. The company has recently focused on protecting its clients from malicious hackers, according to CEO Dmitriy Budorin. Today’s announcement comes as Hacken tries to rehabilitate its public image. In November, Reuters reported that the project was paying social media influencers thousands of dollars to post positive token reviews. HKN tokens can be used to purchase Hacken cybersecurity services. The majority were sold for $1 in an ICO back in 2017. Although tokens surged above $6 in January 2018, the token has since been on a downward spiral. ICO investors have frequently complained about poor returns and the alleged price manipulation may have been an attempt to allay criticisms. In any case, token prices crashed days after the sponsored review was posted. As a cybersecurity project, the blow to Hacken’s reputation could have seriously affected businesses. Migrating to new technology might be a chance to rehabilitate the team in the eyes of its potential clients, as well as take advantage of a more enterprise-friendly blockchain. However, it’s still not certain whether the team will live up to its new expectations.   The post Hacken Seeks A Fresh Start On VeChain appeared first on Crypto Briefing.

Shanghai Wine and Liquor Blockchain Alliance Uses VeChain for Transparency in Wine Trading

The wine industry in China has grown significantly over the last few years as more middle-class Chinese citizens develop a taste for wine. The growth of the industry has led to counterfeit products flooding the market, and VeChain developed a traceability platform to counter the fake products. VeChain’s wine traceability platform keeps track of over […]
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VeChain (VET) Helping China Eliminate Counterfeit Wines 

VeChain Tor (VET), a leading distributed ledger technology (DLT) project has successfully on-boarded a new partner in its wine traceability platform (WTP) developed in collaboration with China’s Direct Imported GoodsCo. (D.I.G.). VeChain’s encrypted N.F.C tags have now been embedded into all Penfolds Bin-407 bottles to curb counterfeiting, according to a press release August 6, 2019.Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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The leading blockchain cybersecurity firm Hacken upgrades its business model and migrating onto VeChain

KYIV, Ukraine, Aug. 7, 2019 /PRNewswire/ -- The leading cybersecurity firm based in Kyiv, Hacken, announced a complete overhaul of their current business model with the guidance of strategic incubator CREAMethod and is migrating their blockchain-related operations onto VeChainThor Blockchain. Hacken was first introduced in 2017 as a fightback towards hackers who were responsible for one of the biggest ransomware hacks, 'Petya.' Hacken is an organization composed of a community of over 2000 white hat hackers, full-time cybersecurity experts, and cryptocurrency enthusiasts. Over the last two years, the Hacken team's Hackenproof Bug Bounty Platform, which, with the help of the community resulted in world-class white hat hackers protecting more than 200 companies and projects including The US Department of Defense, AirAsia, and TradingView. Hacken is also the only cybersecurity partner of the Data Accountability & Transparency Alliance (DATA). DATA is an alliance co-founded by, with members consisting of 23 major cryptocurrency exchanges and Hacken as the only strategic entity. Hacken also focuses on exchange legitimacy and blockchain security. Hacken owns and runs exchange research and ranking website, which focuses on exchange trading volume legitimacy, exchange ...Full story available on
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Real Use Case of Blockchains

Matthew Di Ferrante, a developer at Ethereum Foundation, talks about the real use case of blockchains. To give our readers a perspective on this matter, Finrazor further provides an overview of current adoption of blockchains at enterprise level.

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Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.

Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
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Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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