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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.

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by summa-bot

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