verit

ChainCatcher news, according to Cointelegraph, the wealth tokenization platform Arx Veritas has completed the tokenization of $32 billion in carbon reduction assets (ERA) in collaboration with the infrastructure company Blubird through blockchain technology, equivalent to preventing 394 million tons of carbon dioxide emissions, setting a record in the digital asset tokenization industry.The tokenized assets include sealed oil wells and coal mines, achieving carbon reduction by preventing the extraction, transportation, combustion of coal, and the emissions from abandoned oil well pollutants. This reduction is equivalent to the carbon emissions of 395 million round trips from New York to London or 986 billion miles driven by cars. Blubird stated that there is strong institutional demand for ESG-compliant tokenized assets and is negotiating over $500 million in transactions, with significant institutional purchases soon to be completed. This collaboration aims to establish new financing and tracking standards for sustainable finance.

ChainCatcher message, according to official news, MEXC will launch Veritas Protocol (VPT) in the innovation zone on February 26 at 20:00 (UTC+8) and open the VPT/USDT trading market. The deposit function for VPT is now available, and the withdrawal function will be enabled on February 27 at 20:00 (UTC+8). In addition, the VPT swap function will go live on February 27 at 18:00 (UTC+8).To celebrate the launch of Veritas Protocol (VPT), MEXC has launched an Airdrop+ event to share 15,800,000 VPT and 90,000 USDT. The event will run from February 25, 2025, 14:00 to March 7, 18:00 (UTC+8).

ChainCatcher news, on-chain analytics company Glassnode disclosed data showing that although the significant price increases during Bitcoin bull markets are usually accompanied by extreme selling pressure, the severity of market pullbacks during each bull market has gradually diminished as the market size expands.The deepest pullback of this cycle occurred on August 5, 2024, with a decline of 32%. During most pullbacks, the Bitcoin price only fell 25% below local highs, indicating that the volatility of this cycle is among the lowest to date.This may reflect that the launch of spot ETFs has opened a huge demand window, while institutional investor interest continues to grow. The vast majority of short-term holders' supply (in terms of coin count) is operating "underwater" compared to their cost basis, but they have not endured extreme unrealized losses associated with market deterioration.

According to Chain Catcher news and reported by PR Newswire, Circle has partnered with projects like MetaMask and Archblock to establish the first proof of concept for "Know Your Business" (KYB) verification using Verite for decentralized digital identity credentials.Verite credentials are portable, interoperable, and easy to store in crypto wallets, while avoiding the sharing of personal identity information. Users have complete control over whether to accept the credentials and when and how to access their identification proof. Additionally, the same credentials can make it easier for protocols to prevent bad actors in the network and ensure community integrity by providing KYB certificates.It is reported that Circle plans to issue KYB certificates for free to its customers and licensed institutions. Previously, in February 2022, Circle launched Verite as an open-source framework for the issuance, custody, and verification of decentralized identity credentials. (prnewswire)

Chain Catcher news, USDC issuer Circle announced the launch of an institutional digital identity system based on the open-source framework Verit for issuing, custodying, and verifying decentralized identity credentials. Institutions with Circle accounts and MetaMask institutional wallets can apply for KYB (Know Your Business) credentials, enabling web and mobile applications and smart contracts to verify user permissions (including usage rights, time, location, etc.) for permitted on-chain activities. (Source link)

According to Chain Catcher news, cryptocurrency company Veritaseum Capital has filed a lawsuit in the federal court of Delaware, USA, claiming that multiple services of Coinbase infringe its patents, seeking at least $350 million in damages. Veritaseum states that the patents in question relate to blockchain infrastructure for verifying transactions, which were granted to Veritaseum's founder Reggie Middleton by the U.S. Patent and Trademark Office last December.It is reported that the U.S. Securities and Exchange Commission (SEC) had previously accused Veritaseum Capital of fraud in the issuance of the token VERI, and the company and its founder paid over $9.4 million to settle with the SEC. (Reuters)