Month: February 2023

Siemens issues €60M digital bond on a public blockchain

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German engineering and technology giant Siemens has become one of the first companies in Germany to issue a digital bond on a public blockchain, worth €60 million, with a maturity of one year, in accordance with Germany’s Electronic Securities Act. According to the announcement, the bond was sold directly to investors such as DekaBank, DZ Bank, and Union Investment, without the need for central clearing and paper-based global certificates. Siemens noted that the process enabled transactions to be executed much faster and more efficiently than traditional bond-issuing methods.  Siemens emphasized the…

Bitcoin BTC Price Rebounds Above $22K After Tepid Inflation Readings

Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CoinDesk that he wouldn’t be surprised to see post-CPI-release gains dissipate by the end of this week. DiPasquale highlighted that crypto prices have typically risen after past CPI releases in the past “only to fall in the days after.” He said he will be looking for BTC and ETH to test $20,000 and $1,250, respectively. Source

NFT Marketplace Blur Launches Native Token, BLUR Price Drops 85% in a Matter of Hours – Markets and Prices Bitcoin News

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The Blur non-fungible token (NFT) marketplace launched its native token this week, and users who were awarded token allotments received “care packages.” Blur tokens began trading at noon on Feb. 14, reaching a high of $5.02 per token. However, the coin has since dropped more than 85% against the U.S. dollar. BLUR Token Launch Records an 85% Drop on Its First Day of Trading On Tuesday, Feb. 14, 2023, which is Valentine’s Day, the NFT marketplace Blur announced the launch of its token and airdrop. Blur gave away “care packages”…

Coinbase Will ‘Happily’ Defend Crypto Exchange’s Staking Services in Court, Says CEO Brian Armstrong

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Coinbase CEO Brian Armstrong says that the staking services offered by the US crypto exchange are not securities. Hot on the heels of the U.S. Securities and Exchange Commission (SEC) shutting down the staking service of rival crypto exchange Kraken, Armstrong says that Coinbase will mount a legal defense of its staking service if the need arises. “Coinbase’s staking services are not securities. We will happily defend this in court if needed.” Last week, following the SEC’s actions against Kraken, Coinbase’s chief legal officer Paul Grewal argued that existing US…

Digital Asset Provider Raises $65M in Series B Led by Credit Suisse

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Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65 million in a Series B capital raise led by Credit Suisse. The funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.  According to the announcement, the funds raised will be used by Taurus to bolster its growth strategy in three primary areas, which include; recruiting top engineering talent to continue developing its platform, expanding its sales and customer success organization to enhance…

Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake – Bitcoin News

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Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds a 5.5% stake in the bank, according to a Schedule 13G filing with the Securities and Exchange Commission (SEC). As Silvergate Shares Are the Most Shorted Stock on Wall Street, Citadel Securities Claims 5.5% Stake in the Crypto-Friendly Bank According to current market data, shares of the crypto…