VeChain

In a recently released <a href="https://medium.com/vechain-foundation/vechain-financial-report-q1-2023-7966d9c13ac5" rel="noopener noreferrer nofollow">financial report</a>, the VeChain Foundation, the firm behind the eco-friendly blockchain VeChain, has reported a robust performance for the first quarter of 2023. Despite the ongoing turbulence in the crypto market, VeChain has successfully navigated the challenging conditions, demonstrating resilience and strategic growth.The report revealed a significant surge in VeChain&#39;s treasury holdings, which grew from $275,561,329.42 at the end of December 2022 to $380,412,300.26 at the end of March 2023. This marks an increase of approximately $105 million from the previous quarter, up 38%.VeChain&#39;s strategic expenditures during this period amounted to $6,957,477.31, representing 1.8% of the treasury at its current value. The expenses were primarily directed toward ecosystem integration, operations, PR and marketing, tech operations, as well as legal and finance. These investments are part of VeChain&#39;s broader commitment to expanding its reach, enhancing user experience, and strengthening its technological infrastructure.The first quarter of 2023 also saw VeChain achieving significant milestones and making notable contributions to the blockchain industry. The<a href="https://medium.com/vechain-foundation/announcing-the-launch-of-vechains-new-official-fully-decentralised-crypto-wallet-veworld-ab60cf176fa7" rel="noopener noreferrer nofollow"> launch of VeWorld Wallet</a>, a fully decentralized self-custody wallet, marked a significant advancement in the VeChain ecosystem. In a strategic collaboration with Electi Consulting, VeChain <a href="https://medium.com/vechain-foundation/vechain-dev-tool-update-electi-consulting-and-vechain-deploy-ethereum-tools-to-expedite-web3-a10dc418d2b6" rel="noopener noreferrer nofollow">released</a> Dev Tool Updates, aligning its tools with Ethereum standards to ensure greater interoperability.Read full article at<a href="https://cryptotale.org/vechain-records-105m-growth-in-q1-2023-despite-shaky-market/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

VeChain Records $105M Growth in Q1 2023 Despite Shaky Market

CryptoTale

Other articles published on Jul 6, 2023

Ripple Rival Stellar Announces WhiteBIT’s Integration Into MoneyGram Access

Meta Up 1.86% Premarket as Threads Gathers 10M Users in 7 Hours

Binance Coin Price Movement Indicates A Rise in Interest, InQubeta Presale On Way To Break $1 Mil...

UAE now accounts for 3.7% of the global bitcoin mining activity

South Africa Mandates Licenses for Crypto Exchanges by the End of Year

Solana News Flash: Can SOL Price and Tradecurve 10X in 2023?

Join our free newsletter for daily crypto updates!