VeChain to Hold Rebranding Event in Singapore

The re-branding is rumored to include, but not limited to, changing the name of the VeChain tokens to VeChain Thor tokens operating on the Thor blockchain
16 February 2018   3439

VeChain Foundation has announced the VeChain rebranding event that will occur on February 26th in Singapore.

The re-branding is rumored to include, but not limited to, changing the name of the VeChain tokens to VeChain Thor tokens operating on the Thor blockchain. The coins will have the symbol VET and will involve a conversion of the current VEN tokens to VET in a ratio of 1:1.

This is more than a change in logo or name. What VeChain Thor is becoming is more extensive than what many foresaw when we announced a rebrand. Blockchain X is here, and thanks to PwC and DNV GL, its name is VeChain Thor. 

 

VeChain Statement

In the middle of January DNV GL and VeChain have agreed on a partnership to use blockchain to improve the transparency of product and supplier information, significantly increasing the efficiency of supply chains. 

DNV GL is a global provider of assurance services and one of the world’s leading certification bodies, assisting companies in a range of industries to improve their business performance. DNV GL will progressively adopt blockchain to help companies boost the transparency and traceability of their products from the factory to the consumer. 

Our editorial board is working to provide best experience to our readers, and let them get the important details even before the event occurs. 

We managed to talk to the Chief Marketing Officer of VeChain project and receive some comments regarding the upcoming event!

VeChain is rebranding to VeChain Thor, a public blockchain platform that mainly focuses on massive enterprise adoptions and dApp/ICO capabilities. VeChain Thor utilizes a robust economic model and comprehensive governance structure that distributes power across the eco-system keeping the power in the hands of the users alongside the enterprises. The use of THOR, as a generating return on VET, enables the use of massive enterprise adoption as it doesn’t widely fluctuate in value or versatility.
 

Noah Huo

CMO, VeChain

Stay tuned and watch the livestream which will be available for the whole event!

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   39

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.