Forums
Cryptocurrency Forums - Join the Bitcoin Chat and Forum - Live Bitcoin Discussion about cryptocurrency trends and Chat Platforms.
China-backed 'Ethereum killer'cryptocurrency Vechain sees price surge nearly 2k%
BEIJING'S "close ties" with Ethereum competitor Vechain has seen the Chinese-based cryptocurrency's price soar by nearly 2,000 percent in one year.The ruling Communist Party of China is notoriously suspicious of technologies and organisations that lie beyond its control, hence their recent clamp-down on bitcoin and other major cryptocurrencies. However, one cryptocurrency project that is seeing support from Beijing is Vechain (VET), a domestically developed decentralised finance operation that is similar to the Ethereum blockchain network. China's President Xi Jinping is desperate to keep a firm hand on the inroads that the cryptocurrency revolution is making into the world's second-largest economy