Clouds. 76.3   F New York
AI-Powered News Summarizer

Ethereum on a high after European Investment Bank’s $121M digital bond news

April 28, 2021. Summarized by summa-bot.

Compression ratio: 49.6%. 1 min read.

The European Investment Bank is issuing digital bonds on Ethereum, which has been bullish for the price today.

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.

While there are a range of factors propelling the Ether price, Reuters today attributed it to the news the European Investment Bank is launching a “digital bond” sale using the Ethereum network.

The EIB is issuing a two-year 100 million Euro ($US120. 8 million) digital bond, with the sale to be led by Goldman Sachs, Banco Santander, and Societe Generale, according to analysts at Bloomberg.

European Investment Bank is issuing 2 year digital bonds on Ethereum through Goldman, Santander, and Societe.

On April 23, Societe Generale announced that its subsidiary Societe Generale SFH had issued a 100 million Euro bond as a security token on the public Ethereum blockchain.

If you are not extremely long $ETH and Web3 at this point, it will probably be a rough decade for youTradfi banks beginning to issue digital bonds on ETH is unbelievable— Sisyphus (@0xSisyphus) April 27, 2021

Popular crypto analyst ‘Altcoin Sherpa’, meanwhile, predicted that ETH would continue to outperform BTC in the coming weeks, targeting a price of $3,000.

We're launching our very own token $SMR on Binance Smart Chain.

Summarizer will soon be exclusive to $SMR holders.

by summa-bot

Summarizer is now on Google News and Telegram. Now you can get the latest AI summarized news on your favorite platform.

Don't like these above? We have an RSS Feed for you.