VeChain News

Launched in 2018, VeChain is an enterprise blockchain solution designed to bring accountability, efficiency and transparency to operations. Originally a fork of the Ethereum codebase, VeChain is focused on enterprise use cases with an emphasis on the Internet of Things and supply chains for secure product lifecycle management. 

Core properties of the VeChain protocol include Thor, the core blockchain used for transactions, account management and smart contract development; VeChain IDs, digital identities affixed to goods in the corporate supply chain that allow physical tracking via NFC and RFID chips as well as QR codes; proof-of-authority consensus through Know Your Customer-verified nodes chosen by the VeChain Foundation; and its two network tokens — VET, the main currency used for payments and voting, and VeThor (VTHO), a token issued daily to VET holders used to run smart contracts on the Thor blockchain.

VeChain has been actively pursuing strategic partnerships with enterprise clients, including one with a China-based subsidiary of Walmart for its blockchain-based food tracking efforts. 

The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022.
VeChain Foundation reports $1.2B crypto treasury but spent just $4M in Q1
Brian Newar
Price Analysis
A few days of consolidation from BTC price could lead to a healthy bounce from LUNA, NEAR, VET and STEPN.
Top 5 cryptocurrencies to watch this week: BTC, LUNA, NEAR, VET, GMT
Rakesh Upadhyay
VeChain has made a series of announcements that look to substantially grow usability and adoption of its native VET token.
VeChain can be used as payment in 2M stores — and VET bridged to BNB chain
Tom Mitchelhill
Price Analysis
BTC is holding a key support level, allowing altcoins like VET, THETA, RUNE and AAVE to push higher.
Top 5 cryptocurrencies to watch this week: BTC, VET, THETA, RUNE, AAVE
Rakesh Upadhyay
Market Analysis
Buy the rumor? It depends how fast you pull the trigger when the news breaks. These mind-bending returns rewarded crypto traders who were fastest on the draw......
5 times quickfire crypto traders bought the news for double (or triple) digit profits
Beau Linighan
Altcoin Watch
Metaverse, gaming and incentive-offering DeFi tokens pumped last week even as Bitcoin and the total crypto market capitalization dropped. Here’s why.
Total crypto market cap drops by 6.7%, but futures data finds a silver lining
Marcel Pechman
The latest consensus mechanism upgrade is expected to improve several aspects of the network’s security and key operations while making it even more environment...
VeChain upgrades to proof-of-authority 2.0 consensus mechanism
Brian Newar
Price Analysis
From a bird’s-eye-view, BTC is still in an uptrend and a bounce off the $62,000 support could provide the signal for LTC, LINK, VET and AXS to move higher.
Top 5 cryptocurrencies to watch this week: BTC, LTC, LINK, VET, AXS
Rakesh Upadhyay

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