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   2986

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!

US Congressman to Call for Crypto Ban

As reported, Brad Sherman has called for a blanket ban on cryptocurrency buying
19 July 2018   77

American authorities should ban cryptocurrencies and mining. Such a statement on was made by Congressman Brad Sherman during the hearings of the Committee on Financial Services at the US House of Representatives, CoinDesk reports.

According to Sherman, in the future, cryptocurrencies may become a form of money, but at the moment they are used either by rogue states to bypass American sanctions or by individuals to evade taxes.

We should prohibit U.S. persons from buying or mining cryptocurrencies.

Brad Sherman

Congressman, US

At the same time, Norbert Mitchel, director of the Data Analysis Center of the Heritage Foundation, noted that the possible use of crypto-currency for criminal purposes should not stain other possibilities of digital currencies.

Yes it is true that criminals have used bitcoin, but it's also true that criminals have used airplanes, computers and automobiles. We shouldn't criminalize any of those instruments simply because criminals used them. Those components I believe are the main barriers to widespread adoption in the U.S.

Norbert Mitchel

Director of the Data Analysis Center, Heritage Foundation

As Eswar Prasad, senior professor at Cornell University, said, the existence of cryptocurrencies had the potential to impact the financial services system, particularly the payments system, in positive ways.