VeChain Joins Forces with Chinese Real Estate Company

VeChain cryptocurrency is aquiring more new partnerships, and recently reported about the agreement with Beijing Baisheng Technology Co to assist its subsidiary Fanghuwang to improve financial services
19 January 2018   1643

VeChain has announced new partnership agreement with Beijing Baisheng Technology Co., Ltd to assist one of its branches Fanghuwang, a growing online lending platform in China in order to solve major problems within the real estate industry.

Fanghuwang company is providing property mortgage loans, collateral backed lending to small and medium enterprises and the owners of them in China, utilizes cloud computing and big data analysis technology in order to control risks connected with the industry.

VeChain and Fanghuwang plan to:

  • Enhance the client data collection system
  • Enhance data quality
  • Enhance data storage security
  • Enhance data shareability
  • Reduce costs

Previously, we have reported that VeChain announced partnership with Hubei Sanxin Cultural Media Ltd. to manage digital publication industry using VeChain Thor blockchain technologies, and that VeChain and Jiangsu PE Co. joined forces to develop IoT equipment.

VeChain Charts January 2018VeChain Charts

Currently the price of VeChain is rising, having increased 14% during past 24 hours, and VeChain grew from $4,58 to $5,86, while the market capitalization jumped from $1,2 to $1,6 during only one day.

At the moment of press, these are main market parameters of VeChain:

  • Average price: $5,86 
  • Marketcap: $1 623 150 302
  • 24h volume: $200 322 000

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   69

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.