Ethereum Spikes To New Highs On Historic European Investment Bank Bond Launch
Ethereum these days even more so than Bitcoin, is disrupting traditional finance as we know it. DeFi is booming and has introduced lending and borrowing at scale. Institutional trading volumes are “exploding” according to reports. However, the most recent news involving a history-making bond launch priced at 100 million euros ($121 million) could be among the […]
Related News
The European Investment Bank (EIB), the investment bank owned by the EU Member States, has announced the issuance of the organization’s first-ever digital bond built on a public blockchain. The bond was issued using Ethereum and the issuance invoked $121 million two-year bonds placed with key market investors. EIB Issues Digital Bonds Built With Ethereum Technology The EIB, a not-for-profit organization and lending arm of the European Union announced on Wednesday that the bank has issued a new type of digital bond built using blockchain technology. On April 28, 2021, the EIB....
In the last week of April, as the price of Bitcoin was trading sideways, Ethereum received a welcome boost after news emerged that the European Investment Bank had issued its first-ever bond on the platform. The lending arm of the European Union, the EIB has minted bond-backed Ethereum tokens worth €100 million, due to mature […]
Bitcoin is struggling to sustain above the $53,000 support for the past 3 days. As the king cryptocurrency price slumped, Ethereum picked up its pace, surging to a new all-time high of $2,800. Ethereum Appears Unstoppable It appears that the European Investment Bank’s launch of a “digital bond” sale using the Ethereum network, has boosted […]
European financial institutions are using pilots to make a case for the digital euro. It turns out the 100 million euro digital bond issued by the European Investment Bank earlier this week was actually a trial of a European central bank-issued digital currency, or CBDC.An April 28 announcement from France’s central bank, Banque de France, revealed the digital bond was settled using a CBDC on a blockchain.The two year-bond was issued on the Ethereum public blockchain on April 27 and settled the following day, with a maturity date of April 28, 2023. The sale was led by Goldman Sachs,....
ETH prices have cranked 7% over the past 24 hours, outperforming big brother. Ethereum prices skyrocketed to a new all-time high on Wednesday on the back of positive news from the European Investment Bank.Ethereum has climbed to $2,709 during early Asian trading on Wednesday, April 28, marking a new peak price for the asset according to Coingecko.The crypto metrics provider reports a gain of 7% over the past 24 hours, and 15.7% over the past seven days for the world’s second-largest digital asset by market capitalization. The move has pushed the ETH market cap to a record $312....