Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
CCB
Chinese Bank Withdraws Plans to Issue $3 Billion Blockchain Bond
Two weeks ago, China's second-largest bank, the Chinese Construction Bank (CCB), announced plans to sell $3 billion worth of debt using the blockchain. The deal to issue the debt on a blockchain, featuring Hong Kong financial tech firm Fusang would have been the first digital bond issue by a Chinese Bank using the blockchain technology. Fusang is a Hong Kong digital exchange licensed by Labuan's financial regulator, Malaysia. According to the announcement, the offering would allow clients to purchase via…
5 years ago
Chinese Bank to Sell $3B Worth of Debt on Blockchain via Bitcoin
The second-largest bank in the world, Chinese Construction Bank, is set to sell $3 billion worth of debt on the blockchain using Bitcoin. This was revealed by a local news outlet South China Morning Post, today. The China Construction Bank will be partnering with Hong Kong Fintech firm Fusang to issue the debts on a blockchain. It is worth noting that this would be the first digital security issued by a Chinese bank using blockchain technology. The debts will be…
5 years ago