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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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VeChain Price Analysis VET / USD: Reemerging

VeChain has a bullish short-term and medium-term trading outlook The four-hour time frame shows that an inverted head and shoulders pattern has been triggered The daily time frame is still showing a large head and shoulders pattern VeChain is surging higher, with the VET / USD pair adding over 20% to its trading value, following a major bullish breakout above its 200-day moving average earlier this week. The recent rally for Chinese projects has helped to underpin the firm bid tone behind the VET / USD pair, with the increasingly popular cryptocurrency now trading at its highest level since July 10th, this year. After falling to a fresh all-time trading low last month, the turnaround in the VET / USD pair has been spectacular. The cryptocurrency now trades over 150% higher since October 24th and over 30% higher since the start of November. The four-hour time frame shows that a bullish inverted head and shoulders pattern has been triggered, with the breakout remaining valid while price trades above the $0.0065 level. The upside projection of the bullish pattern could take the VET / USD pair towards the $0.0095 level and possible higher if the upside momentum stays in place. Looking at the daily time frame, a bearish head and shoulders pattern is still present, with VET / USD buyers needing to rally the cryptocurrency above the $0.0116 level to invalidate the pattern. Going forward, an invalidation of the bearish head and shoulders pattern would be a strong statement of intent by VET / USD bulls, and a major bullish development over the medium-term. According to the latest sentiment data from TheTIE.io, the short-term sentiment towards VeChain is bullish, at 76.00 %, while the overall long-term sentiment towards the cryptocurrency is also bullish, at 77.00%.   VET / USD H4 Chart by TradingView Upside Potential The four-hour time frame shows that an inverted head and shoulders pattern has been triggered, with the $0.0095 level the near-term objective of the large bullish pattern. Key technical resistance for the VET / USD pair above the $0.0095 level is currently located at the $0.0099 and $0.0116 levels.   VET / USD Daily Chart by TradingView Downside Potential The four-hour time frame is showing that the VET / USD pair has strong short-term technical support around the $0.0065 level. Key technical support for the VET / USD pair below the $0.0065 level is currently found at the $0.0058 and $0.0050 levels. Summary VeChain has tremendous short-term upside potential and looks set to continue its recent bullish breakout. Going forward, VET / USD buyers must invalidate the bearish head and shoulders pattern to secure further medium-term gains.   For a quick look into VeChain and VET, check out our coin guide here. If you need a deeper analysis, look into our VeChain DARE. VeChain ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=VET&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24322 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24322 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24322 a.tabperiods.tabperiods_active, #ccpw-ticker-24322 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24322 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24322 .coin-container:after, .ccpw-container_four #ccpw-ticker-24322 .coin-container:after {border-color:#ccc !Important;}   The post VeChain Price Analysis VET / USD: Reemerging appeared first on Crypto Briefing.
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VeChain (VET) surges after rumors about a vaccine tracking system in China

VeChain has been on a rampage surging nearly 185 percent in the last 22 days. The spike appears to be correlated with rumors that link the company with China’s launch of a nationwide vaccine tracking system. Despite the bullish impulse seen lately, several technical indicators are estimating that a correction is underway.  VeChain’s drug and vaccine traceability solution On Aug. 3, 2018, VeChain (VET) announced a partnership with DNV GL, an international accredited registrar and classification society, to use blockchain technology to create drug traceability, monitoring, security, and auditing solution for the nations’ pharmaceutical industry. At the time, the firm claimed to be the only approved blockchain traceability provider in Shanghai. And, that it was tasked to achieve the traceability requirements by 2020. The decision to get involved in the pharmaceutical industry was in response to a series of vaccine scandals that affected the country. In 2018, Chinese vaccine manufacturers provided faulty and falsely documented vaccines to schools. And, in 2015, two people were arrested for illegally selling over $80 million worth of vaccines across 20 Chinese provinces.  VeChain’s pharmaceutical temperature tracking platform. Source: VeChain’s blog Now, Xinhua News Agency, the official state-run press agency in China, revealed that the nationwide vaccine tracking system is set to be launched in March 2020.  According to Yan Jiangying, deputy director of the National Medical Products Administration: “The system will cover information on the entire supply chain of products of all domestic vaccine manufacturers and vaccination information from health departments. The establishment of the national system will integrate the whole process of vaccine production, circulation, and vaccination so that vaccines can be trackable. [It] will enable improved visibility into order status, shipment status, and provider inventory of vaccines, for authorities to better supervise.” As China prepares to launch its drug and vaccine traceability system many speculate that it is powered by VeChain. This has taken the price of VET to skyrocket, but it seems like it is reaching an exhaustion point.  VET technical analysis  Over the last three weeks, VeChain went through an exponential upswing that saw its price rise by nearly 185 percent. To put this into perspective, this cryptocurrency was hovering around $0.0028 on Oct. 24, and in the last few hours, it hit a high of $0.0081. Despite the massive run-up, VET is signaling a retracement before the continuation of its bullish trend.  Based on its 12-hour chart, VeChain is forming a shooting star candlestick pattern. This technical formation developed as VET opened, moved up, and is now closing day near the opening price. A shooting star estimates a potential price top and the beginning of a reversal.  Adding to the bearishness, VET is trading on an aggressive thirteen candlestick, per the TD sequential indicator, that is preceded by a green nine. The combination of these two candlesticks with a shooting star is a strong indication that a pullback is underway.  VET/USD by TradingView Closing below the 50 percent Fibonacci retracement level could take VET down to the 38.2 Fib that sits around $0.0058. A further increase in the selling pressure behind this crypto could take it down to the 23.6 Fib at $0.0047. This scenario coincides with the outlook seen on the 4-hour chart.  Under this timeframe, the TD sequential indicator is also presenting a sell signal. And, the preceding candlestick formed a spinning top. This technical pattern estimates that buyers are losing control over the price of VeChain, and a downward move could be near. Breaking the support given by the 21-four-hour moving average could take VET down to the lower Bollinger band, at $0.0058.  Nevertheless, a close above the 65 Fib, at $0.0079, could invalidate the bearish outlook. Overall sentiment  Many of the Chinese-based projects have greatly benefited from President Xi Jinping’s decision to embrace blockchain technology, including VeChain. If the rumor that China’s drug and vaccine traceability system is related to VeChain’s vaccine tracking solution proves to be true, the firm could showcase the utility of VET. Therefore, the bullish sentiment behind this cryptocurrency could just be getting started. However, it seems like VET could retrace before it continues its uptrend.  The post VeChain (VET) surges after rumors about a vaccine tracking system in China appeared first on CryptoSlate.
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Leading Chinese Tea Producer Adopts VeChain (VET) for Supply Chain Management 

During the Shuangjiang Conference that was held on November 13, 2019, Singapore-based blockchain application platform VeChain, in partnership with Menku Rongshi, Yunlian, and Linova, announced the Yunnan Pu’er tea tracking platform powered by the VeChain ToolChain. VeChain revealed on its official Twitter account and claimed the innovation has been indexed in the Chinese National ImportantRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Bitcoin Price Slips as VeChain Moves Higher

The cryptocurrency market remains under pressure on Friday, with Bitcoin and the top-10 cryptocurrencies by market capitalization trading in the red. Ethereum, Ripple, Bitcoin Cash, Litecoin, Binance Coin, EOS, Bitcoin SV, and Stellar Lumen are posting losses of between -1.5% to -2.8%. VeChain is the notable outperformer with gains of over 20%. The VET/USD pair is trading at its highest level since July 10th, 2019, and has been advancing since Chinese President Xi Jinping announced Beijing’s embracement of blockchain technology. The total cryptocurrency market capitalization is currently $236 billion, down $11 billion from last week — a loss of 4.5%. Bitcoin Bitcoin has fallen to a low of $8,495 as of press time. The BTC/USD pair currently trades around its 50-day moving average located at the $8,550 level.  Key technical support below $8,500 is located at the October 20th swing-high at $8,350, as well as the psychological $8,000 level. Bitcoin’s 200-period moving average on the four-hour time frame offers the strongest form of near-term resistance at $8,686.  Scalpex’s Social Index, a measure of Bitcoin’s market expectations, shows that traders are heavily bearish towards the BTC/USD pair.   BTC/USD by TradingView VeChain The VET/USD pair is gaining strength above its 200-day moving average and is currently up by 30 percent on a monthly basis. The four-hour time frame shows that a bullish breakout from a large inverted head and shoulders pattern has occurred. The neckline of the pattern is located at the $0.0065 level, with the overall size of the pattern projecting a possible move higher towards the $0.0095 resistance level.  Key VET resistances are located at the $0.0082 and 0.0090 levels, while near-term support is found at the $0.0070 and $0.0065 level. VET/USD by TradingView Sentiment According to the latest data from theTIE, market sentiment toward the entire cryptocurrency market is neutral at 50%. Litecoin has the weakest sentiment reading among the top-10 cryptocurrencies at 44%. Meanwhile, Bitcoin Cash sentiment is strongest at 65%. The post Bitcoin Price Slips as VeChain Moves Higher appeared first on Crypto Briefing.
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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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Orchid to Debut A Privacy VPN Network Based on Token Technology in December

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How to buy and store Ethereum (ETH)?

Almost all activities, on the Ethereum network, are powered by its native crypto token Ether or ETH. ETH boasts of a $20 billion market cap and a circulating supply of ~108 million coins. This makes it the second-largest cryptocurrency by market cap.  The Ethereum network token entered the cryptocurrency trading arena in 2015. According to CoinGecko, since launch, ETH has registered a 2800 percent increment in price to date. Although Ether is down almost 87 percent after hitting all-time highs at ~$1500, it is pretty much an attractive alternative investment option because of the overall appeal of Ethereum, as a decentralized computing platform.  Many see ETH as a much more promising crypto investment option than bitcoin. Few Fortune 500 companies and financial trust Ethereum. They recognize it as the de-facto blockchain platform for building next-generation applications and monetary settlements.  For all of these reasons and more, many investors are rapidly adding ETH to their portfolios. But how does one buy Ether? And from where?  Buy Ethereum (ETH) on Crypto Exchanges Probably the easiest way to get some Ethereum network tokens is from a well-established cryptocurrency exchange operating in your country.  ETH enjoys massive popularity within the crypto community due to its demonstrated decentralized use case. Any crypto exchange will surely have Ether listed for buying and selling.  Choosing a Suitable Crypto Exchange While locking onto a particular exchange, some preliminary research needs to be done. Cryptocurrencies by their very nature are assets that come with high risk and equally high rewards. Consequently, the fledgling space also attracts a lot of fraudsters. So, it is mandatory to do your due diligence before picking a platform to buy Ethereum.  Crypto exchanges need to have well-established headquarters a genuine team (probably with a good Twitter, LinkedIn presence), well-responsive support, decent liquidity and security of trading funds, etc. Some well-recognized names are Binance, Bitfinex, Coinbase, Kraken, eToro.  Registering on The Chosen Crypto Exchange After choosing a suitable crypto trading platform, you would be required to register yourself as a legitimate user.  That means you will have to provide a few personal details as KYC (Know Your Customer) which confirms your status as a bonafide citizen of the particular country or state where you reside. This is done by exchanges just so that they are in line with global Anti-Money Laundering (AML) regulations.  After exchange officials verify your details, its time to use your newly opened crypto trading account to buy ETH. But for that, you need to deposit some fiat currency first. This should be relatively easy as all your details (including banking information) were okayed for trading.  Depositing Fiat Funds to buy Crypto Simply add money through your bank account or debit card on file. Cryptocurrency exchanges do not generally have high minimum investments. You can invest as little as $5 or as much as $1,000 or more. This is of course, based on the country or location of your residence, and the official currency in circulation.  Funds generally can some time to appear in the ‘fiat account’ of your chosen crypto trading platform. This depends on the bank and exchange transaction processing speeds, protocols, etc.  Once the fiat deposit happens, you can instantly use it to buy Ether. But remember to go through the current rates and trading volumes.  Buying Ethereum with Stablecoins or Other Crypto Assets In the past 2 years, there has been a gigantic upsurge in ‘crypto-to-crypto’ purchases. The proliferation of fiat-backed stablecoins like Tether (USDT) and rising bank restrictions on crypto purchases with credit/debit cards and wire transfers has led to the same.  It’s very simple buying ETH in a crypto-to-crypto (C2C) arrangement. All you need is some Bitcoin as it is considered the benchmark crypto asset for all C2C transactions or a US dollar-backed stablecoin like USDT or USDC (USD Coin) which is easily available on peer-to-peer trading exchanges. These platforms let users exchange actual fiat with fiat stablecoins, which you can use to buy the Ethereum token.  Withdraw Ether (ETH) into a ‘Private Wallet’  An important step follows your ETH purchase. It’s important that you transfer the funds into a cryptocurrency wallet, which you control. Storing your crypto funds on exchanges is not out of risk. A great lot of them have fallen prey to notorious hacks in the past. The recent one to get hacked was Binance, the largest crypto exchange by trading volume. It shows how unsafe your crypto funds can be, even with dominant trading platforms.  Hence, it is advised to store your crypto on a wallet where you control the private keys. Some examples of companies selling such ‘cold wallets’ are TREZOR, Ledger, KeepKey. Alternatively, you could use software wallets like Exodus, TrustWallet, etc. For Ethereum though, you have something called ‘light client wallets’ which are widely used by ETH investors. They are MyEtherWallet, Atomic Wallet, etc.   The post How to buy and store Ethereum (ETH)? appeared first on Bitcoinist.com.
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PreMarket Prep Recap: Chuck Talks To TD Ameritrade, Macy's Wins The Retail Limbo

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