Ethereum News by Thebittimes.Com

VeChain has been expanding its footprint and real-life use cases consistently over the past few months. Recently, the foundation announced that the world&rsquo ;s most valuable NFT with a real-world application was minted on the VeChain Thor blockchain. Chalking out the IRL use case, one of the official tweets noted, “ This NFT turns EUR 1.6million of inventory for a global vehicle manufacturer into cashflow the enterprise can now use. “ Paving the way for digital transformation undoubtedly gives VeChain a fundamental advantage, but are investors currently interested in its ‘ real&rsquo ; value addition? 1.6 Million Euros of REAL value, consisting of inventory for an Italian vehicle manufacturer, backed by # VeChain 's #NFT tech, representing a new finance model. The road of #digitaltransformation is long –# VeChain Thor is paving the way.#Blockchain #Sustainability $ VET $ETH $BTC https://t.co/F4kky0TN0V — VeChain Foundation (@vechainofficia...

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. In the lead-up to 2020, the markets were in near-perfect conditions. All-time highs, a tech boom, and stocks that seemed to only go up. It’s safe to say that things have changed a little since then. After a worldwide pandemic, record-breaking inflation in countries all around the world, and more crashes than we can count, we’re most definitely in a bear market.  With traditional finance failing investors, more users than ever before have started to look into alternative methods of investing. One that’s become increasingly popular and lucrative is the world of Decentralized Finance (DeFi). Yet, with cryptocurrency also experiencing a historic crash, falling from a market total of $3 trillion down to only $1 trillion , investing in assets doesn’t seem like the best way to go. The fear that’s...

Join Our Telegram channel to stay up to date on breaking news coverage The oldest lender in the US and the world&rsquo ;s largest custodian bank , BNY Mellon, has launched a crypto custodian platform. It has been made for holding clients’ private keys and bookkeeping digital assets — Bitcoin and Ethereum.   On October 13, BNY Mellon said that the digital asset custody platform is live in the US. This move made it the first bank in the country to offer traditional investments and custody of digital assets within the same platform. However, they further mentioned its availability is limited to a few institutional clients in the US as of now.   The custodian bank will utilize compliance software like Know Your Transaction (KYT) from Chainalysis for due diligence and other tools for assessing counterparties and transaction volumes.   BNY Mellon continues their journey with innovation and credibility in the evolving digital assets domain. This is done wi...