The Currency Analytics
By Maheen Hernandez
VeChain froze about 727 million VETs
VeChain announced partnership with Anhui Tea Industry
The price of VeChain might increase to 100 Satoshis per Analyst as the token has outperformed the top 99 tokens and is surging by 10%.
In an official response to the recent hack, 66% of the stolen tokens got frozen. This has been done to overcome the consequence of the theft.
“Currently, 469 addresses owned by the thief have been blocked by the Authority Masternodes, which froze about 727 million VETs.”
Top managers in the firm have got punished for the money leak. They are working towards safeguarding themselves against similar attacks in the future.
About five days after the hack, "An emergency security batch was implemented into the blockchain.
The tokens of the hack, when discovered, will be burned by the community. The first sanction stated, "Jay Zhang will step down from his role as CFO and be replaced on an…
Further Sunny Lu will forego about 50% of his compensation for 2020, in a penalty for the hack.
VeChain foundation announced a partnership with Anhui Tea Industry Association. The company will focus on improving the production and distribution of tea in Anhui with…
The foundation stated, "The tea industry set on the fronts of poverty alleviation in the [Anhui Province], as many locals are engaged in the tea trade, often from the lower ends…
The blockchain technology will help investors verify and certify the complete information related to the life cycle of the different products.
About 670 enterprises and 194 business owners who are a part of the Anhui Tea Industry Association will implement the blockchain technology, thus expanding the utility of VET.