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BREAKING: VeChain (VET) and Monero (XMR) Only Double Digit Gainers as Major Announcement is Made

The crypto-verse’s market is getting even more unpredictable as on a daily basis there is one coin (mostly altcoins) that stands out tremendously compared to the others. In most cases when the bears are having the saying, the token values are not impacted that heavily by any team announcement, chain improvement news or partnerships taking place. However, this time VeChain (VET) just hit it right.

VeChain VET Price and Latest

The pair VET/USD is up for 10.50% in the last 24-hours reaching a 30-days highest of $0.01952. Accordingly, it is leading the BTC market with 9.69% while trading a volume of almost $40 mil in the last day. If the token price makes it above the $0.02000 mark it would opened gates and welcome even more bulls ensuring further gain for the upcoming days.

VeChainThor VET

Source: coinmarketcap

Read Also: VeChainThor (VET) Welcomes The First Ecosystem Token Minted On Its Blockchain

Sunny Lu – founder of the 17th largest cryptocurrency by market capitalization which is attracting growth very speedy, added his comments on the future of the network during a live chat on Youtube.

The commentary started with a Mr. Lu praising the VeChain community highlighting out that it is one of the best and great examples of a crypto-community. He cited the extension of the X-node binding time window as one of the main actions the team took as a result of the community input. He confirmed that another partnership will be added to the current line-up of automotive companies that includes BMW and Renault.

PICC or People’s Insurance Company China – one of the leading insurance firm based in China has partnered up with VeChain – accordingly with Forbes post and VeChain’s announcement.

“Collaborating with PICC expands our business within the insurance industry. We are confident we will provide great service and products to PICC, together with DNV GL.” – Sunny Lu

Additionally, vie the VeChain Foundation twitter page the team announced that MainNet v1.0.2 is released with various improvements and fixes.

Girl in a jacket

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eToro Announces Cardano (ADA) Is Now Available For Trading

eToro, one of the most popular trading and investment platforms, announced yesterday the availability of Cardano (ADA) within their list of supported cryptocurrencies.

They announced such important decision via Twitter, a social network that brings them closer to their users’ community.

Thus, Cardano (ADA) would be the 11th crypto of all available for investment. The other options are Bitcoin, Ethereum, Litecoin, Ripple, Bch, Ethereum Classic, DASH, Stellar, NEO, and EOS.

Also, eToro also published an article explaining to the community the potential of the famous crypto, seeking to help each investor conduct their own research:

“Cardano is the latest cryptocurrency to be added to eToro’s selections. eToro clients can now trade and invest in ADA and add the crypto to their portfolios. As the blockchain revolution continues, it can be assumed that companies that present added value, such as Cardano’s blockchain development platform, will have a stronger foothold in the market. While some other cryptocurrencies could fall to the ebb and flow of supply and demand, Cardano’s strong, highly-regarded blockchain platform could be a driving force in maintaining its position as one of the world’s leading cryptocurrencies.”

The platform also highlighted some similarities between Cardano and Bitcoin, mostly to help non-tech-savvy investors learn more about the characteristics of this potential investment.

Cardano is a third generation blockchain, developed by a team of experts who were involved in previous blockchain developments such as Ethereum and Ethereum Classic.

Also, Cardano promises to solve the problems of older generation blockchains such as Bitcoin (BTC) and Ethereum (EHT), enabling scalability and interoperability solutions that are complex in other blockchains.

As a result of all of this exposed potential, after its launch in the final quarter of 2017, Cardano quickly reached the Top 10 in coinmarketcap, with a record valuation in the price of its token (ADA).

During June, Cardano (ADA) is suffering from a bearish behavior, with some oscillating charts, bouncing to the rise precisely in an area very close to its current price.

The announcement has not generated a disproportionate reaction (as it used to happen in 2017); however, a slight upward shift in the trend can be observed in 4-hour Heikin Ashi candles.

Graphics Provided by Tradingview

eToro’s announcement can be extremely useful to Cardano (ADA) as it would open the doors to investors who are generally not involved with crypto money.

Long-term effects cannot yet be predicted, but the outlook may be promising.

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Ledger Wallet Desktop Edition Scheduled to July 9th

In an update posted on its official blog, Ledger has announced the release date of the Ledger Wallet Desktop Edition. The final date is scheduled for July 9th

This decision would make of Ledger a leading company not only in the manufacture of hardware wallets but also in the market of software-based wallets, an essential step in the expansion of its business vision.

A Preview of the Interface Ledger is Developing

The company -known for its famous Ledger Nano S- has gained fame within the community for the high quality of its products. According to official data, the Ledger Nano S boosted the company’s production to more than 1 million units sold.

Until now Ledger relied on google chrome plugins and similar solutions for its configuration and use. But just after they announced the development of a Ledger Wallet Desktop Edition in February 2018, it was easy to note the positive sentiment it generated among the crypto fans.

As a result, Ledger Wallet Desktop Edition was announced with a lot of features that make it – again – a formidable competitor compared to other options like Trezor:

  • Native desktop application (Windows, macOS, Linux)
  • Multi-currencies (28 cryptos including Bitcoin, Altcoins, Ethereum, Ripple…)
  • Multi devices (Ledger Nano S, Ledger Blue)
  • Read-only consultation of accounts without device (protected by optional password)
  • Dashboard view of all assets
  • Counter values: choice of currency & exchanges
  • Send, receive, account balances & history
  • On device verification of the receive address
  • Faster account synchronization engine
  • Easy onboarding for new users

Also, Ledger Wallet Desktop Edition’s support for such a wide range of operating systems, facilitates not only adoption but also ease of use for a growing user base.

Ledger Wallet Desktop Edition: The Beginning of a New Era

The French company behind the development of Ledger will not settle for the launch of a Desktop Edition. According to their blog it seems like they also have plans to increase very soon the features and products they offer so far.

According to the post in which they announced the Desktop Edition, these would be the promises of new developments for the near future.:

  • Mobile application version (Android & iOS)
  • Ledger Nano/HW.1 support
  • Install/uninstall apps on Ledger Nano S automatically to smoothly manage a non limited number of cryptos on one device
  • Ethereum ERC20 tokens & contract management
  • Third party apps integration (buy/sell cryptocurrencies, exchanges, swaps…)
  • Transaction tags & notes
  • Spotlight search
  • Generate more than one new address
  • 100+ cryptocurrencies support

The Ledger Wallet Desktop Edition will hit markets this July 9th 2018. The mobile version is planned for the end of Q4 2018; also, the Ledger team will announce all the other developments when they reach their final version; however, Ledger’s priority is to support ERC20 tokens.

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VechainThor Confirms Partnership: DApps, BMW, Oxford University

Feb 26, Monday – VeChain Foundation held the much discussed about rebrand event showcasing the consortium chain VeChain to VeChainThor. The event had guests under invite only lists like partners, media and a proportionally run YouTube stream. During the event, Sunny Lu and Luca Crisciotti of DNV GL talked about the past, present, and future of VeChain.

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Various announcements during the event:

  • 09:43 – 11:08 – VeChain Thor Intro video.
  • 11:43 – 13:29 – History of VeChain and the rebranding process
  • 13:30 – 14:13 – Community related growth
  • 25:45 – 26:19 – Bitocean ICO
  • 27:45 – 28:52 – Introducing Oxford Mathematical Institute as a partner
  • 36:31 – 37:25 – BMW Group announcement + End *

These are just some of the many declarations that the team and hosts did during the gathering.

The first figure mentioned cleared out and highlighted how what makes VeChain unique is not only its technical aspect but on top of that how it understands the ecosystems. He pointed to the governance and economic models as examples. The Chief Executive Officer of DNV – Luca Crisciotti added on that part as the reason why VeChain was chosen despite having other possibilities when it comes to blockchain solutions is that how the firm and the platform dedicates itself to the costumer.

The above mentioned developed for the growth of the platform and finding the best way to utilize it are only part of over 180 opportunities that the dedication of VeChain has brought to them. Three DApps that were public-known by Sunny Lu during the meeting are on development to cater towards the mainnet launch: VeVOT, VeVID – KYC and VeSCC.

For raising awareness which would analyze, monitor and reduce carbon footprint – various ideas are being planned out and developed by DNV GL and VeChain while parallel being researched by gov bodies, various businesses and the Tsinghua University.

Confidence giving last words for the event were given by Luca Crisciotti:

“We are not talking about pilot projects, we are talking about solutions that are working for real cases.” Luca went on to say:“DNV GL is a company with over 150 years of history. And unfortunately, this is something we can not share, because you [VeChain] were only born a few months ago. But we do have something in common, and it’s a bright future. So thank you Sunny for the partnership and this amazing event.”