European Investment Bank Issues €100 Million In Digital Bonds Using Ethereum

Source: https://www.zerohedge.com/markets/european-investment-bank-issue-eu100-million-digital-bonds-using-ethereum
Published: Apr 28, 2021
Author: Tyler Durden
Post Date: 2021-04-28 00:17:30 by Horse
Views: 213

The European Investment Bank will use blockchain technology to issue two-year digital bonds, the latest sign of growing mainstream adoption for crypto only this time Ethereum is taking the spotlight courtesy of the EIB.

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#1: Pinguinite    To: Horse (#0)

Ethereum is the #2 crypto after bitcoin with about 1/10th the market cap of bitcoin. It could dethrone bitcoin, but reputation carries a lot of weight with crypto as well as fiat.

Ethereum is up some 20% over the past several days as is now in record high territory.

Pinguinite posted on 2021-04-28 01:11:50   Reply   Private Reply

#2: Horse    To: Pinguinite (#1)

I think insider trading was involved as they knew the announcement was coming.

Horse posted on 2021-04-28 01:47:37   Reply   Private Reply

#3: Pinguinite    To: Horse (#2)

Actually the 1 month chart doesn't really show much out of the ordinary. ETH/USD is in an upward channel, and the current high is within that channel, respecting it quite reasonably.

The ETH/BTC chart shows ETH having gained about 50% vs BTC in the last 30 days. Maybe ETH will start to take a greater market share of crypto from bitcoin. It's certainly technically superior in many ways.

Pinguinite posted on 2021-04-28 03:24:38   Reply   Private Reply