VeChain – the layer one blockchain focusing on sustainability and logistics – has formed a partnership with the Ultimate Fighting Championship (UFC). The network will be integrated into a series of live events and media channels by the world-renowned mixed martial arts organization. VeChain-branded assets will debut this Saturday, June 11, at the Singapore Indoor...Read More
The VeChain Foundation has published its Q1 report, stating that its treasury amassed $1.2 billion in cryptocurrencies by the end of the quarter, a slight drop from $1.38 billion as recorded in Q4 2021. Surprisingly, the foundation behind VeChain only spent roughly 4.1 million during the first three months of 2022 – mainly for business...Read More
The ratio of the 24-hour Open Interest [OI] change and market cap seemed to highlight an interesting trend on the question of which coin is the most leveraged in the market. Interestingly, the most leveraged cryptocurrency isn’t Bitcoin or any other crypto in the top 10 of CoinMarketCap’s charts. In fact, the most leveraged cryptos...Read More
With Bitcoin dropping down to $10,406 at press time, other altcoins were hardly finding any market momentum to facilitate a recovery. Litecoin, Vechain, and Ontology were all under a period of bearish pressure as the assets began to consolidate at a lower range. Litecoin [LTC] Source: LTC/USD on Trading View Litecoin’s high correlation with Bitcoin...Read More
Besides Bitcoin, all the major altcoins were undergoing severe corrections over the past 24-hours and it seemed like the depreciation was only going to get worse from here onwards. Bitcoin saw its price rise by over 1.6 percent in the past 24-hours and is now trading at $10,871. Source: CoinStats The likes of Bitcoin SV,...Read More
With the present market overwhelmingly bearish, many major altcoins seemed to be struggling to hold their high valuations on the charts as a series of corrections ensued. While the decline has remained minimal over the last 24-hours, the charts of a few crypto-assets seemed to suggest that further downtrend movement could follow in the coming...Read More
In the long-term, multiple metrics seem to suggest Bitcoin will command a price in the 6 figures. However, short-term analysis saw Bitcoin fail to break past $11,800 and could be set to drop back to $11,300. Source: CoinStats The major altcoins also show some indecision and bearishness. Binance Coin indicated a possible drop of almost...Read More
Bitcoin as an asset performed well under unforeseen market conditions. Most cryptos followed Bitcoin’s trend but not at the same pace. Bitcoin Cash spent months dithering before surging in late July to make up for its losses in March. VeChain, last month, saw wild returns before settling down to gather steam. Crypto.com had been marching...Read More
Litecoin, VeChain and Algorand have all tested important short-term supports. VeChain looked poised for more gains. Algorand looked likely to move upward, while Litecoin broke below support and would look to maintain the psychological $50 level as well. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin had a 24-hour trading volume of $2.6 billion. Ranked 8...Read More
After a slight weekly rebound, VET resumed selling pressure with 4% losses over the last 24-hours. A slip beneath the monthly low could cause more troubles for the 28th ranked crypto by market cap. The market is currently looking bearish on the hourly time frame. VET/USD: VeChain Trades At Crucial Support Line Key Resistance Levels:...Read More
The trajectory remained bullish on the daily chart, although bears are currently showing strong interest. The price dropped after marking a new yearly high around $0.0107 on June 4. VeChain lost 9% today after rolling back under 100 SAT. VET/USD: VeChain Signals Short-Term Sell Key Resistance Levels: $0.01, $0.0107, $0.01167 Key Support Levels: $0.0087, $0.0075,...Read More
Bitcoin Bitcoin saw a 3% decrease over the last week of trading as it drops into the $9,445 level. The coin started the week battling the $9,815 level as it proceeded higher to reach $10,000. Unfortunately, BTC was unable to capitalize above $10,000 and dropped by a steep 7% yesterday. Luckily, it found support at...Read More
During the coronavirus crisis, cryptocurrency and blockchain startups can play a crucial role. VeChain is using its native technology to verify COVID-19 masks are legitimate first and foremost. There are a lot of concerns regarding materials and equipment needed during the coronavirus crisis. The Role of VeChain During the Coronavirus Crisis Particularly where face masks...Read More
No major movements were observed through the weekend, though the cryptocurrency market lost a few points and remains under pressure on Monday. The bearish trend sweeping through the digital currency market shows few signs of abating so far. Bitcoin fell to a fresh monthly trading low over the weekend, with the BTC/USD pair testing the...Read More
A little bit of confusion or controversy often goes a long way in the cryptocurrency industry. Evidence indicates that the VeChain Foundation’s address to buy back VET has been compromised. The announcement was made by the Foundation themselves earlier tonight. A Major VeChain Foundation Hiccup In the blog post, the team confirms 1.1 billion VET...Read More
The VeChain (VET) buyback program, which boosted the token price, was shaken by a recently discovered loss from the central wallet. The most probable cause was an insider gaining access to the wallet’s private keys, or a human error leading to an exploit. Insider Procedure Flaws Led to Theft VeChain reported 1 million coins lost...Read More
Cybercrime is rife across the crypto industry, ranging from SIM-card swap hacks, phishing attempts, password cracking, and even cryptocurrency mining malware. Today, the altcoin project known as VeChain experienced that first hand.The project’s buyback wallet containing a substantial amount of VET tokens was hacked, and the VeChain Foundation is now hard at work doing their...Read More
VeChain has a bearish short-term and bullish medium-term trading outlook The four-hour time frame shows that an inverted head and shoulders pattern has formed The daily time frame continues to show a bullish triangle breakout underway. VeChain is attempting to stage a recovery higher after reversing sharply from the 0.008 support level earlier this month....Read More
