Ethereum Scores Milestone As Chinese Firm Floats 1st Public RWA Bond
China has taken another step into blockchain-based finance, but in a way that avoids direct involvement with cryptocurrencies. Related Reading: California Gov. Newsom Fires Back At US President With ‘Trump Corruption Coin’ Tease A state-owned firm in Shenzhen has launched a digital bond offering on Ethereum, showing how the country is selectively embracing new technology […]
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To put this into perspective, the 10-year Chinese Treasury bond future crashed by 2%. The Chinese government has made yet another decision that makes their economy look weaker. Trading in bond future sis no longer possible every since the market crashed in spectacular fashion. It only took the market a few hours to wipe out all bonds market gains made in the past 18 months. China has a volatile market, and it looks like things go from bad to worse. It was not entirely unexpected the Chinese bonds market would collapse sooner or later. The PBOC has been making very strange decisions as of....
On Dec. 15, the Chinese bond futures market suffered a record crash, plunging from 102 to nearly 94. Offshore yuan has also increased significantly after the Fed raised rates, rising from 6.9 to approximately 6.95 overnight. As the Chinese New Year approaches and outflows accelerate, the Chinese yuan will presumably weaken even more in the upcoming months, which will ultimately push the price of Bitcoin further. On Dec. 13, the price of Bitcoin reached a 34-month high, mostly due to the depression and devaluation of the Chinese stock markets and yuan. As weakening of the yuan continued,....
The $3 billion blockchain bond has been effectively cancelled. China Construction Bank’s $3 billion blockchain bond has been reportedly withdrawn following an initial delay.Fusang Exchange, a Malaysian cryptocurrency exchange that was to be responsible for listing the bond, said that it has been withdrawn at the issuer’s request.According to Reuters on Nov. 23, CCB’s branch in Labuan informed Fusang Exchange on Nov. 20 that the bond issuance would not proceed.The blockchain-based bond was to be issued by Longbond Ltd, a special purpose platform designed solely to issue digital bonds and....
Shiba Inu’s Ethereum-based layer 2 blockchain solution Shibarium, achieves yet another important milestone in blocks and transactions which shows the attraction of the network. Shiba Inu: Shibarium’s Latest Milestone Shiba Inu’s Shibarium has recently reached a significant milestone, recording over a million blocks and over 3 million transactions since it was introduced to the public […]
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....