Venture capitalist Jim Breyer provokes VeChain price rise

VeChain cryptocurrency rose 10% in price after american venture capitalist Jim Breyer published a statement claiming that VeChain is worth investing 
10 January 2018   2767

Jim Breyer is an American venture capitalist, founder and CEO of BreyerCapital, an investment and venture philanthropy firm, a partner at venture capital firm Accel Partners, who is known for having invested in over 40 companies.

Venture capitalist, whose net worth is estimated to be around $2.4 billion, has announced that he has invested in VeChain cryptocurrency.

VeChain is a product management platform integrated with Blockchain technology that puts unique IDs on the Blockchain. Vechain is focusing on transparency through anti-counterfeiting and supply chain management. Counterfeit luxury goods are a big problem and VeChain, if successful, could offer a transformative solution.

Jim Breyer

Jim Breyer stated in his post on Quora that VeChain has a strong team and has already established formidable partnerships with organizations like PwC. The venture capitalist expects Vechain to implement their technology and help get rid of various supply chain inefficiencies. 

I took a bold bet on China over a decade ago and remain as convinced as ever that Chinese innovation will resume at a rapid and competitive pace.

Jim Breyer

The statement of american venture capitalist Jim Breyer may have positively influenced the price of VeCain cryptocurrency, which started rising and showed the increase of 7,22% within past 24 hours and growth of 59,85% during past 7 days.

Vechain Charts january 2018VeChain Charts

Previously, we have reported that VeChain announced partnership with Hubei Sanxin Cultural Media Ltd. to manage digital publication industry.

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

  • Average price: $4,63
  • Marketcap: $1 283 919 868
  • 24h volume: $146 770 000

Japanese 'Money Forward' to Launch Crypto Exchange

Money Forward Financial is going to launch a media crypto platform this summer, and afterwards - a digital assets exchange
24 May 2018   63

The operator of the popular application for personal finance management Money Forward Inc intends to launch a cryptocurrency exchange this year, BC Focus reports.

Japanese fintech-company has been working in this direction since December last year. To implement the plans, the company has already registered a subsidiary division called Money Forward Financial.

Money Forward Financial is going to launch a media cryptocurrency platform, and afterwards - a digital assets exchange. In the future, the company plans to create a number of more advanced solutions for working with crypto-currencies, including automated payment systems and various analytical tools.

Currently, the customer base of the company has about 5 million users. The cloud application of Money Forward Inc for tax accounting and financial management is used by 500,000 Japanese companies and 2,400 accounting firms.

Big Japanese financial institutions are making steps to cryptocurrency business. Mitsubishi UFJ Financial Group (MUFG), world's 5th biggest bank has announced plans to introduce own cryptocurrency by 2019.