Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHAApr 8, 2024
Markets
Former Crypto Titans Return From the Dead
The global crypto market cap stands at a robust $2.68 trillion, marking a 3.51% surge over the past day. Bitcoin, the market's bellwether, has breached $71,000 for the first time since mid-March, while Ethereum is testing the upper limits of a horizontal channel at its current $3,681 price. Long-time watchers of the digital assets space may have also noticed something interesting as of late: cryptocurrencies that thrived in the 2017 bull run and subsequently faded into obscurity are making a com...
Jun 9, 2022
Business
UFC Clinches Sponsorship Deal With Blockchain Company VeChain
An institution hailing from the world of Web3 is stepping into the Octagon for the first time. Today, the UFC announced a marketing partnership with VeChain, the company behind the Ethereum-compatible public network by the same name. The organization will make its debut in mixed martial arts during UFC 275: Teixeira vs Prochazka, taking place in the Singapore Indoor Stadium this Saturday. It joins the likes of Crypto.com, Socios, and Dapper Labs as blockchain companies that do business with the...
Jan 24, 2021
Business
Banned Vape Company Uses Crypto to Fight Counterfeits
Vaping and crypto: name a more Gen Z duo. Today, Puff Bar, a vaping brand that sells fruit-flavored nicotine huffers, said that it will use crypto to stop people from selling knock-offs of its devices. The brand posted on Reddit this week that it will be “using Vechain Technologies $VET & Cypheme to fight counterfeits.” Underneath a Dark Regulatory Cloud Puff Bar is produced by Cool Clouds Distribution, a Los Angeles company founded in 2019. According to the Wall Street Journal, Cool Clouds st...
Jul 14, 2020
Business
Shanghai hotel uses blockchain to safeguard customer health during Covid-19
Cleaning records of key hotel infrastructure like air conditioners, pools and public areas soon will be stored on the blockchain at one InterContinental hotel branch in Shanghai. IHG recently announced that it had partnered with VeChain, and third-party accreditation and certification firm DNV GL to develop a blockchain system that allows its guests to inspect the cleaning history in its hotel down to the rag and chemicals used in the process. Guests will be able to scan QR codes placed througho...
Dec 2, 2019
Markets
VeChain (VET) rises 25% in 24 hours thanks to token buybacks
The price of the VeChain (VET) has risen by over 25% in the last 24 hours. The rally comes as the project's foundation conducted a token buyback. News also broke yesterday that Microsoft and game developer Eidos are jointly developing an NFT (non-fungible token) based game on the Thor blockchain, VeChain's main net. With its VET token currently trading at a price of $0.0077, the price of VeChain is up 34% in the last week and 89% in the last 30 days. That, however, does not tell the full story—a...
Nov 21, 2019
Markets
VeChain dumps in fifth day of back-to-back losses
VeChain (VET) is again in the red, losing almost 10% in the last 24 hours to fall back to $0.00578. This is now the fifth day of back-to-back losses for VeChain, with the cryptocurrency collapsing from a peak of $0.0077, down to its current value—a loss of almost 25% in under a week. The recent bearish momentum for VeChain appears to put a full stop to its prior bullish activity, which saw it more than double its value between mid-October and mid-November after cryptocurrencies received a slurry...