Ethereum 

World’s First Zero-Fiat ‘Bitcoin Bond’ Now Available on Bloomberg Terminal

Two European companies have launched what they describe as the world’s first genuine bitcoin (BTC) bond, they confirmed in a joint press release on July 3.  Luxembourg-based Argento, a securitization firm, joined forces with London Block Exchange (LBX) to issue the bitcoin-denominated bond, which is regulated under the United Kingdom’s regulator, the Financial Conduct Authority (FCA). “We are thrilled to have structured and produced the world’s first institutional grade bitcoin-denominated financial product,” Argento manager Phil Millo commented.  “The large investment banks really dropped the ball on this one.” The Argento-LBX…

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Ethereum 

Just 376 People Own 33% of the World’s Ether, Chainalysis Report Says

A third of the world’s ether (ETH) is owned by just 376 people, according to Chainalysis research published on May 15. Despite controlling a large portion of ETH’s circulating supply, the study found these “whales” are responsible for just 7% of all transaction activity. Chainalysis concluded that while these individuals don’t necessarily have a meaningful impact on ETH’s price, they do contribute to market volatility when big sell-offs are made. These figures could be seen as an improvement compared with 2016, when whales owned 47% of ETH’s circulating supply. According to…

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Blockchain 

Smart Contracts Are No Problem for the World’s Legal Systems, so Long as They Behave Like Legal Contracts

“In every conceptual and practical sense that matters, we believe that smart contracts are contracts. It will simply take a while for the world to become as familiar with them as they are with cocktail napkins.” Legal experts discuss the place of smart contracts within the legislature framework Source link

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Ethereum 

Major Swiss Stock Exchange SIX Lists World’s First Multi-Crypto ETP Amidst Market Collapse

Switzerland‘s principal stock exchange SIX Swiss Exchange will list the world’s first multi-crypto-based exchange-traded product (ETP) next week, the Financial Times (FT) reported Saturday, Nov. 16. Backed by the Swiss startup Amun AG, the first global multi-crypto ETP will be listed under index HODL, and will track five major cryptocurrencies: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). According to the article, each cryptocurrency will acquire a certain market share within the upcoming ETP, with Bitcoin accounting for around half of the ETP’s assets. The rest…

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