Former U.S. President Donald Trump announced the creation of a U.S. Crypto Strategic Reserve, including Bitcoin, Ethereum, XRP, Solana, and Cardano, which has led to significant price surges in these cryptocurrencies. CryptoQuant CEO Ki Young Ju highlighted that the U.S. is leveraging the crypto market to further its national interests, favoring projects aligned with its policies while leaving Bitcoin and Ethereum in a state of uncertainty. The market reacted positively to Trump’s announcement, with Bitcoin rising over 11% and Cardano seeing a 50% increase within 24 hours.
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VeChain Launches X-2-Earn Model for Carbon Offsetting and Sustainability
VeChain’s innovative ‘X-2-Earn’ model incentivizes electric vehicle drivers by rewarding them with carbon credits based on their travel distance and emissions offset. This blockchain-backed initiative not only promotes sustainability but also allows users to exchange credits for various everyday benefits. The launch of VeBetterDAO further expands these efforts, introducing decentralized applications like ‘Plant-2-Earn’ and ‘Sweat-2-Earn,’ ensuring fair reward distribution and long-term engagement in eco-friendly practices.
read moreXRP ETF Applications Surge as Grayscale Leads New Filings with SEC
Eleanor Terrett from FOX Business reports a surge in XRP ETF applications, with Grayscale leading the charge to convert its XRP Trust into an ETF listed on the NYSE. Anticipation grows for BlackRock’s potential entry, as demand for XRP ETFs remains high amid ongoing market interest. XRP is currently trading at $3.1, with analysts suggesting a possible rise to $4 if key resistance levels are breached.
read moreVeChain and Tesla Launch Eco-Friendly Campaign for UFC311 in Los Angeles
VeChain has partnered with Tesla and EVearn for an innovative campaign tied to UFC311 in Los Angeles, offering free tickets and $15,000 in rewards for eco-friendly driving. The new Charge2Earn app incentivizes Tesla drivers with $B3TR tokens, promoting sustainable practices while enhancing blockchain visibility at the event. This collaboration aims to reshape urban living through transparency and sustainability, with plans to expand the initiative to other electric vehicle brands.
read moreVeChain Secures US Patent for Innovative Identity Authentication Solution
VeChain has been awarded a US patent (US 12,093,419 B2) for an innovative method to manage user identity authentication data, enhancing blockchain security and efficiency. This patent utilizes encryption keys to authenticate identity queries while safeguarding user privacy, contributing to various sectors like financial services and supply chain management. Despite these advancements, VET’s price remains under pressure, currently trading at $0.022, with critical support identified between $0.02378 and $0.020.
read moreRussia Mines 54000 Bitcoin and Legalizes Crypto Mining Amid Sanctions
In 2023, Russia mined 54,000 Bitcoin, generating approximately $556 million in tax revenue amid increasing sanctions. President Putin has signed legislation to legalize Bitcoin mining, allowing registered firms to operate while small miners can mine without registration if energy use is limited. This shift aims to reduce reliance on the US dollar and facilitate international payments using crypto.
read moreVeChain Partners with Oobit to Enable VET Payments at 100 Million Retailers
VeChain’s native token, VET, is now accepted for payments at over 100 million retailers globally through the Oobit app on iOS, following a partnership aimed at enhancing mass adoption and sustainability in crypto transactions. This collaboration aligns with VeChain’s commitment to environmental, social, and governance (ESG) initiatives, as highlighted by CEO Sunny Lu. Additionally, VET’s integration with Alchemy Pay expands its accessibility to more than 2 million stores, further promoting its use as a mainstream payment method.
read moreVeChain Recognized as Key Innovator in Supply Chain Management Solutions
VeChain has been recognized in the “Blockchain 2030” report for its significant contributions to supply chain management through blockchain technology, enhancing product traceability and authenticity. Major brands like Walmart China and BMW have adopted VeChain’s solutions, which are crucial in combating counterfeiting and improving transparency across various industries. Analysts predict that VeChain’s token, VET, could see substantial price increases, with estimates ranging from $1.6 in the near term to $1 by May 2032.
read moreVeChain and Carboneers Collaborate to Transform Agricultural Waste into Climate Solutions
VeChain and Carboneers are collaborating to convert agricultural waste into biochar using blockchain technology, aiming to reduce CO2 emissions and support smallholder farmers. This initiative offers transparent carbon credits through VeChain’s blockchain, allowing individuals to offset their carbon footprints and earn rewards.
read moreKamala Harris’s Potential Running Mate Choice and Its Impact on Bitcoin
Kamala Harris is considering Gary Peters as her running mate, which could negatively impact the cryptocurrency market due to his anti-crypto stance. Peters’ strong union support in Michigan makes him a strategic choice for Harris, but his anti-Bitcoin position has raised concerns within the crypto community. Trump’s plan to make Bitcoin a strategic reserve asset for the US is also highlighted as a contrasting approach.
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