VeChain Partners with Chinese Advisory Services Company

Pricewaterhouse Coopers has acquired an ownership interest in VeChain
04 May 2018   630

On May 4, 2018, PwC Hong Kong and PwC Singapore announced their partnership with VeChain, and in connection with the business relationship, PwC Hong Kong and PwC Singapore have each acquired a small ownership interest in VeChain. 

PwC China provides industry-focused assurance, advisory and tax services to public, private and government clients in all markets. PwC Hong Kong is currently in discussions with VeChain to provide trust based services on the VeChain platform, which will require the use of VeChain Tokens to access and perform transactions on the platform.

We are glad to establish a deeper relationship with VeChain, which aims to build a trusted and distributed business ecosystem to help address long-standing challenges in supply chain management, food trust and anti-counterfeiting areas. VeChain’s mission aligns with PwC’s purpose of solving important problems and building trust in society.

Raymund Chao

PwC Asia Pacific and Greater China Chairman

Previously we have reported that VeChain had announced its partnership with Shanghai eGrid Consulting Co., an enterprise resource planning (ERP) consulting service provider.

KuCoin Reduces Minimum Withdrawal Amount

KuCoin announced that the minimum withdrawal amount for VEN token has been reduced at the users request
12 April 2018   1684

On April 12 KuCoin cryptocurrency exchange announced that the minimum withdrawal amount for a very popular VeChain token has been reduced from 50 down to 10. That was done because of multiple requests of users who were asking for the minimum amount to be reduced in order to make the trading on the platform more convenient.

VeChain withdrawals from KuCoinVeChain withdrawals from KuCoin

Judging by the users' reaction to the announcement on Twitter, the news was not really welcomed warmly by the community, as a lot of people were excpecting also the withdrawal fee to be reduced. Previously, we have reported that KuCoin exchange temporarily disabled Bitcoin Private withdrawals due to some technical issues with BTCP wallets.

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

  • Average Price: $3,16
  • Market Cap: $1 659 025 218
  • 24h Vol: $84 745 600