Societe Generale issues €10m in digital green bond on Ethereum

French multinational financial conglomerate Societe Generale has issued its first digital green bond on a blockchain network.  According to a Reuters report, the Paris-headquartered banking group has nearly $11 million worth of senior preferred unsecured bonds with maturity of three years on the Ethereum (ETH) blockchain. The bank added that AXA Investment Managers and Generali Investments “fully subscribed the related security tokens through private placement.”  AXA Investment particularly acquired and spent €5 million worth of Societe Generales euro-denominated ERC-20 stablecoin called EUR CoinVertible (EURCV). The bank plans to spend the proceeds on projects aimed at environmental benefits, including renewable energy and low-carbon transportation.  Societe Generale announced its EURCV stablecoin in April 2023, hoping to bridge the gap between traditional capital markets and the digital asset ecosystem. However, the announcement has been met with skepticism from Stasis, a firm behind euro-pegged stablecoin EURS, which highlighted potential risks and the “single point of failure” problem associated with commercial bank-issued stablecoins.  Stasis was not the only company that questioned Société Générale‘s crypto venture, as other analysts also pointed out that the functionality of EURCV’s smart contract relies on a centralized registrar (probably one controlled by the bank).

2023-12-05Ethereum

Inilabas ng Core Scientific, Inc. ang Webcast na may Mga Pangunahing Highlight at Mga Update sa Planong Enero Kabanata 11 Paglabas

The webcast and accompanying presentation highlight the strength of Core Scientifics business, potential recovery value to shareholders and noteholders, the Equity Rights Offering, its post-emergence capital structure, an emergence timeline and answers to questions received from investors. The webcast can be accessed here.  The webcast and a downloadable copy of the presentation will be available for 90 days in the Events and Presentations section of the Companys website.  This press release is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy any security.  TUNGKOL SA CORE SCIENTIFIC  Pang-agham na Pang-agham (OTC: CORZQ) is one of the largest blockchain computing data center providers and miners of digital assets in North America. Core Scientific has operated blockchain computing data centers in North America since 2017, using its facilities and intellectual property portfolio for colocated digital asset mining and self-mining. Core Scientific operates data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas. Core Scientifics proprietary Minder® Pinagsasama-sama ng software ng pamamahala ng fleet ang kadalubhasaan sa colocation ng Kumpanya sa data analytics upang maghatid ng maximum na oras ng trabaho, pag-alerto, pagsubaybay at pamamahala ng lahat ng mga minero sa network ng Kumpanya. Upang matuto

2023-12-05Industriya

ETH Reaches 19-Month Price Peak: Eyeing the $3,000 Milestone?

Ethereum (ETH) has been on a remarkable run, hitting its yearly high and leaving investors and analysts speculating whether a $3,000 price tag is within reach.  Many factors, including the recent breakout of staked Ethereums realized price over $2,000, the intensifying deflationary phenomenon, and the narrowing premium gap in Grayscale Ethereum Trust, have driven this price surge.  Staked ETH Breaks $2,000 Average Unit Price  According to the Head of Research at CryptoQuant, the average unit price of ETH staked on the Ethereum network recently broke through the $2,000 mark. He noted:  “The average unit price for investors who want to hold ETH for the long term broke through $2k a few days ago and most of the long-term investors have turned to profit, which is likely to act as a key support.”  Staked ETH Realized Price. Source: CryptoQuant  This breakout indicates that most long-term investors have now turned a profit, potentially providing a solid base for further growth.  ETHs Price Rises Amid BlackRock ETF and Increased Institutional Interest  Adding fuel to Ethereums price rise is the intensifying deflationary phenomenon. Following BlackRocks filing for an ETF spot with the SEC on November 10, the total number of ETH transactions began to surge. As did the amount of fees burned.

2023-12-05Ethereum

Analyst Spotlights Key Pattern Bitcoin Follows Before Each Massive Sell-Off — Here’s What To Watch Out For ⋆ ZyCrypto

Jacob Canfield, a respected entrepreneur and Bitcoin advocate, has spotted a rather interesting pattern on the Bitcoin chart. Per his observations, the apex cryptocurrency typically hits a certain point before bears take over the market and begin to stage a selloff.  In a detailed post shared to X, formerly Twitter, the Bitcoin trader shared his remarkable findings with his 98,000+ followers.  During bullish rallies, he first observed Bitcoin‘s connection to the 61.8% Fibonacci retracement level. The Bitcoin asset seems to repeatedly get to the aforementioned retracement level right before a sell-off. Immediately after, Bitcoin’s value hits higher price levels.  The market participant highlighted several scenarios where his observations had played out exactly as he stated. One of the first occasions dates back to the 2024 – 2016 period. As depicted in the chart shared by Canfield, a 38% sell-off was recorded before a new high was attained.  In 2019, right before the pandemic began, the bear market hit the .618 Fibonacci retracement level perfectly, from as far back as 2017 to 2018 (high to low).  Connecting with previous events to Bitcoins present market, the analyst said the following;  Should a bear market rally ensue, Bitcoin is well positioned to sweep past the $48,700 price level at

2023-12-05Bitcoin

Mag-ingat sa Pagkalason sa Address: Nagnanakaw ang Scammer ng $2 Milyon Mula sa Mga Gumagamit ng Ligtas na Wallet

A prolific crypto thief deploying an attack vector known as “address poisoning” has siphoned over $2 million from Safe Wallet users in just the past week. The latest theft spree brings the overall tally to around $5 million stolen from 21 victims across the past four months, according to blockchain tracking firms.  Pangunahing puntos  Scammer has stolen over $2 million from Safe Wallet users in past week via address poisoning  Brings total estimated theft tally to $5 million drained from 21 victims across 4 months  Attacker creates similar-looking wallet addresses to trick users into misdirecting funds  Poisons transaction history by sending small amounts from fake address to targets wallet  Related attack saw $1.45 million stolen from Florence Finance protocol using same methods  Paano ito Works  The cunning technique involves creating wallet addresses with similar starting and ending characters as a targeted users actual wallet. Attackers use Ethereums Create2 function for deterministic address generation to accurately predict what new addresses will look like ahead of time.  Attackers then “poison” a victim‘s transaction history by sending small token deposits from the lookalike address, hoping targets mistakenly copy the fraudulent address to withdraw or transfer funds. The deposits lend a veneer of validity, tricking unwitting users into dispatching much larger sums to

2023-12-05Industriya

Bybit sees BTC, ETH ‘flight’ of institutional investors to stablecoins, but not for long

The cryptocurrency exchange Bybit released its fourth quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail investors.  The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in Bitcoin (BTC), 15% in Ether (ETH) and only 5% in altcoins, which the exchange categorizes as anything other than the aforementioned digital assets.  The survey suggests that the “flight” to “safer assets,” like stablecoins, in a bear market “might explain this risk-averse asset allocation from traders.”  Nonetheless, institutional traders allocation of Bitcoin did spike in September, which differentiated itself from the holding patterns of other types of users.  According to Bybit, the alignment of a surge in institutional BTC holdings with the prevailing positive market attitude toward Bitcoin can be correlated with “favorable lawsuit outcomes, fostering anticipation for the SECs potential approval of a spot BTC ETF.”  On Dec. 4, BTC surged above $41,000 for the first time in 19 months, and the overall market capitalization for the digital asset passed $800 billion, overtaking the real multinational holding company Berkshire Hathaway, and is now behind companies like Meta (formerly Facebook) and Nvidia.  Bybit also noted that its retail traders had the lowest holdings, percentage-wise,

2023-12-05Ethereum

Pagkatiwalaan ang pinakamahusay na diskarte sa crypto bear market — Trust Wallet CEO

Bringing the global crypto and blockchain communities together in Istanbul, Turkey, the Binance Blockchain Week 2023 was a clear indicator that the Web3 ecosystem continues to grow regardless of price movements.  Despite being a Binance event, the conference housed several key players from the crypto industry.  Among them was Trust Wallet, a decentralized Web3 wallet provider acquired by Binance back in 2018. Since its acquisition, Trust Wallet has been widely seen as “the wallet arm of Binance.” This is why the Binance Blockchain Week visitors were caught off-guard when the crypto exchange announced its own Web3 wallet.  Trust Wallet CEO Eowyn Chen — a former vice president at Binance — clarified that “Binance focuses on the centralized, while Trust Wallet works toward the decentralized ecosystem,” adding that Trust Wallet has a neutrality that can serve and partner with anyone in the crypto industry.  “We think that keeping that independence and distance is the best way to keep the culture and the talents running for its own mission.”  Trust Wallet was born in 2017 during the initial coin offering craze due to the need for an accessible mobile wallet, Chen said. “It was the only developer-focused extension wallet out there,” she added. The Web3 wallet focused

2023-12-05Industriya

Tinatalakay ng US Force Major ang kahalagahan ng Bitcoin sa pambansang depensa

The United States Space Force Major Jason Lowery has recently advocated for a formal investigation into the strategic applications of proof-of-work (PoW) systems, specifically focusing on Bitcoin, as a means of enhancing national defense. Beyond its conventional role as a monetary system, Lowery highlights Bitcoins potential to secure various forms of data, messages, and command signals, positioning it as a valuable asset for bolstering cybersecurity and, consequently, national security.  US Force Major drums the importance of BTC  In a comprehensive letter addressed to the U.S. Defense Innovation Board on December 2, Lowery urged the board to advise the Secretary of Defense to delve into the “national strategic importance” of PoW systems, using Bitcoin as a prime example. The Defense Innovation Board, an independent advisory body, seeks to integrate technological innovation and best practices from Silicon Valley into the U.S. Military.  Force Major Lowerys argument centers on the notion that a PoW system, exemplified by Bitcoin, could act as a deterrent against cyberattacks due to the substantial costs associated with deploying physically resource-intensive computers. By drawing parallels with traditional military assets, he emphasized that proof-of-work mirrors physical security and deterrence strategies observed in domains such as land, sea, air, and space. The uniqueness lies

2023-12-05Industriya

Mga on-chain na organisasyon: Mga may pag-aalinlangan, maxis at kung ano ang makatotohanan

The most effective founders are resilient individuals with a growth mindset who are great delegators.  I heard recently that Vitalik choosing the term “Decentralized Autonomous Organization” in 2015 (defined here) was influenced by the 1997 book, .  Skeptics believe it is complete overhype whilst decentralization maxis see it as our immediate technological future.  During this bear market, skepticism prevails among Web3 leaders.  The second sub-group of skeptics, less extreme in their stance but equally steadfast, consists of disillusioned Web3 builders.  On the other side of the argument stands the maxis.  The skeptics group still actively participates on-chain every day.  Conventional banks cant assist in executing on-chain operations.

2023-12-05Industriya

Ipinakilala ng Mantle ang mETH liquid staking protocol, na nagpapalawak sa Ethereum-based na DeFi ecosystem nito

Mantle, the DAO-led web3 ecosystem, today unveiled its Mantle Liquid Staking Protocol (LSP) as a key addition to the Mantle Ecosystem, offering users a novel way to engage with Ethereums proof-of-stake (PoS) validator network, according to a statement shared with .  The Mantle LSP is a permissionless and non-custodial Ethereum (ETH) liquid staking protocol, functioning on Ethereum L1 and governed by Mantle. It stands as the second core product of the Mantle Ecosystem, following the Mantle Network L2. Mantle posits that the introduction of Mantle Staked Ether (mETH), a value-accumulating receipt token, is a pivotal step in their protocol.  Mantle detailed that the genesis of Mantle LSP began with a proposal in a Mantle forum on July 14, 2023. Following the acceptance of the Mantle Governance Proposal MIP-25, the staking of Mantle Treasury ETH was sanctioned, leading to the phased deployment of Mantle LSP. This process culminated in the protocols full operational launch on Dec. 4, transitioning it into a Permissionless Mode.  Mantle LSP distinguishes itself by offering instant and sustainable rewards. Users staking ETH receive mETH, a token embodying their staked value and accumulated rewards, while also unlocking additional yield opportunities within the Mantle Ecosystem. Mantle states that the ETH to mETH

2023-12-05Ethereum
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