Supply chain platform VeChain has reached a milestone in terms of uptime and processed blocks on the VeChain Thor mainnet. The VeChain Foundation posted the achievement on its Twitter feed on Wednesday, adding that it was “a major milestone that is testament to our public blockchain’s scalability, security, and rock-solid stability.” The VeChain Thor network has now surpassed 10 million blocks and was currently processing block number 10,004,141 at the time of writing. Comparatively, Bitcoin has recorded a 99.98% uptime since January 2009 according to this tracker. The foundation noted it has seen consistent enterprise usage from commerce giant Walmart …

On Aug. 27, U.S. Federal Reserve Chair Jerome Powell said that the central bank will start tapering its $120 billion monthly bond purchases by the end of the year, but the interest rate hikes would have to wait until the job market and inflation pass a more stringent test. In response to the speech, the U.S. dollar index (DXY) fell, the S&P 500 index rose to a new all-time high, and Bitcoin (BTC) surged about $1,500 in under an hour. This showed that market participants viewed the speech as “dovish.” Bitcoin’s uncertainty near the $50,000 mark has analysts divided about …

Supply chain management platform VeChain has announced a new service for combining businesses to overhaul their carbon footprint data management practices. The new service, detailed in a Medium post on Thursday, combines decentralized ledger technology with a software-as-a-service (SaaS) business model. The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data and integrate it with world-leading third party assurance providers within VeChain’s partnership network. This data can then be later transformed into new kinds of value and improve sustainability performance across the entirety of an organization.” In the announcement, VeChain cited obstacles with trust and transparency in …

Bull market optimism returned to the cryptocurrency market on Monday after Bitcoin’s (BTC) price rallied above the $40,000 level for the first time in over six weeks. Monday’s rally to $40,581 was a continuation of Sunday’s breakout that saw BTC’s price rocket to $48,110 on Binance after a short squeeze resulted in nearly $500 million in shorts being liquidated in just two minutes. Data from Cointelegraph Markets Pro and TradingView shows that BTC spiked to an intraday high at $40,581 on Monday before pulling back to $37,500 as bulls looked to flip this resistance zone back to support in preparation …

The Republic of San Marino has approved VeChain’s NFT-based vaccination passport, which is reportedly verifiable worldwide. The small European nation with a population of just over 33,000 announced the approval of the 'Decree-Law No. 109 of 16 June' earlier today, which enables the rollout of a vaccination passport dubbed the “San Marino Digital Covid Certificate.” The partnership includes collaboration with DNV — which will provide digital assurance over the project. The vaccination passport contains a record of past infections, negative test results, and also provides a digital vaccination certificate. The digital vaccination certificate is issued upon request from approved facilities …

Enterprise blockchain VeChain, in partnership with Shanghai’s Renji Hospital, has announced the launch of a smart medical care project dubbed “MyBaby” — a blockchain-based In-Vitro fertilization (IVF) service application. The project also includes collaboration with Vechain partner DNV — with the latter working with VeChain to provide supply chain governance along with product and digital assurance for the project. Vechain, a supply-chain management and smart contract platform said in a post that MyBaby is the “first service” to combine third-party IVF data with blockchain technology: “The cryptographically secured properties of blockchain technology create a secure and reliable environment and enhance …

There’s more to crypto than Elon Musk’s frequent (and frequently misguided) tweets on the subjects of Bitcoin (BTC) and Dogecoin (DOGE). And although the brilliantly visionary CEO/Securities and Exchange Commission-baiting meme king may have positioned himself as a news cycle unto himself, crypto news has the power to influence major price action across the altcoin markets — particularly if you can be the first to react to it. Rumors and news are the true tectonic forces behind the cryptocurrency market’s dynamics. Extensive research by the Cointelegraph Markets Pro data team suggests that three types of announcements — listings, staking and …

Bitcoin (BTC) price witnessed a sharp dump to $50,900 on April 18, which some analysts attribute to a drop in hash rate and rumors of possible action by United States regulators against unnamed “financial institutions” alleging crypto-related money laundering. While it is difficult to pinpoint a single reason, the sale of roughly $5 billion worth of COIN stock by Coinbase executives could have also played a major role in the fall. Insider selling, especially just a few days after a high-profile listing is considered a bearish sign. After this most recent pullback, investors will be on the fence on whether …

Real-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads. Since February enterprise-level adoption and a wide array of use cases have worked in favor of VeChain (VET), a blockchain-powered supply chain platform that seeks to use distributed governance and Internet of Things (IoT) technology to optimize supply chain management systems. Data from Cointelegraph Markets and TradingView shows that the price of VET has increased more than …

In trading, selling a position is as important as buying it at the right time. Therefore, the big question that could be troubling traders is whether or not Bitcoin (BTC) price will enter a bearish phase or will the bull run continue after this week's pullback. PlanB, the creator of the popular Bitcoin stock-to-flow model, recently tweeted that the crypto bull run has only started and is “nowhere near the end of it.” PlanB is not the only voice that is hugely bullish on Bitcoin. Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, believes that if previous behavior is …

Bitcoin price sold off on March 15 as bears pushed the price back into the mid-$50,000 range a few days after (BTC) hit a new all-time high above $61,000. Data from Cointelegraph Markets and TradingView shows that Bitcoin price dropped as low as $54,600 and at the time of writing, buyers have not stepped in to arrest the decline. A series of recent developments have increased the fear, uncertainty and doubt (FUD) factor for the top cryptocurrency, including rumors of a potential digital asset ban in India that would criminalize the possession, issuance, mining, trading and transfer of cryptocurrency. Adding …

Bitcoin (BTC) has risen more than 1,000% since March 2020 and this shows that the digital asset has outperformed traditional asset classes like equities, commodities and bonds by a massive margin. The resilience of Bitcoin even after the sharp rally continues to attract buyers. Jarvis Labs analyst Ben Lilly said the whales who hold between 100 to 1,000 Bitcoin have added about 63,000 Bitcoin in their combined holdings since Feb. 28. The activities of this group of whales are worth monitoring because Lilly said “this class of wallets were the ones that timed the 2017 rally the best.” In addition …