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- r/vechain
- Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govtCointelegraph.com News – 7 hours agoCrypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report. Crypto firms were…
- DeFi lending giant Aave unveils V4 protocol overhaulCointelegraph.com News – 7 hours agoAave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO. Aave Labs, the firm behind the…
- Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average costCointelegraph.com News – 9 hours agoBitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Bitcoin (BTC)…
- BlackRock Bitcoin ETF sees first outflow day amid record ETF bleedCointelegraph.com News – 9 hours agoBlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows.…
- US probes Jack Dorsey’s Block, Inc. over financial transactions: ReportCointelegraph.com News – 9 hours agoU.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.…
What is VeChain?
VeChain is a leading blockchain platform that aims to offer Blockchain-as-a-Service solutions to enterprises. Through the use of the blockchain’s tamper-proof distributed ledger, the platform allows for a trust-free ecosystem that is efficient and transparent.
VeChain has gone beyond the proof of concept stage and is seeing adoption across multiple industries for supply chain management through asset digitization. Through advanced IoT integration, it is seeing usage in monitoring product fe cycle, real-time product location tracking, and authenticity verification. VeChain lists partners in varying industries ranging from food and pharmaceuticals, to automobile and luxury goods. VeChain continues to position itself as the leading enterprise solution with its strong economic model and governance philosophy through the VeChain Foundation and its steering committee.
VeChain Thor (VET) is currently sitting within the top 20 coins by market capitalization at the time of this writing. VeChain tokens were initially released as VEN on the Ethereum network after they completed their ICO in August 2017, but have since been swapped for VET after VeChain released its Thor Mainnet in June 2018.