Tag: Digital

Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain – Fintech Bitcoin News

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German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors. Digital Bond Issued Under Germany’s Electronic Securities Act The largest industrial manufacturer in Europe, Siemens, announced it has become one of the first companies in Germany to issue a digital bond in accordance with the country’s Electronic Securities Act which came into force in June, 2021. The €60-million bond ($64 million) has a maturity of…

Galaxy Digital CEO ‘wouldn’t be surprised’ if Bitcoin hit $30K this quarter

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Galaxy Digital Holdings CEO, Mike Novogratz, believes there’s a chance Bitcoin (BTC) could return to $30,000 or above before the end of March. According to a Feb. 15 Bloomberg report Novogratz spoke at a Bank of America conference the same day and said he would’ve been the “happiest guy” if 2022 ended with BTC at $30,000, but added: “When I look at the price action, when I look at the excitement of the customers calling, the FOMO building up, it wouldn’t surprise me if we were at $30,000 by the…

Australian Crypto Exchange Digital Surge Set to Come Back Online After Stakeholders Sign Recovery Plan

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This is the first successful restructuring of a Australian cryptocurrency exchange, according to Michael Bacina, digital asset specialist and partner at Piper Alderman. “Digital assets face challenging legal issues, and it took the hard work of knowledgeable specialists to get here. The deal is a testament to the goodwill seen throughout the blockchain community in Australia,” Bacina added. Source

Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year – Finance Bitcoin News

Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says Ukraine Aims to Launch Digital Hryvnia Sooner Than Planned Ukraine’s Ministry of Digital Transformation wants to step up efforts to finalize the development of the nation’s electronic hryvnia (e-hryvnia), its head Mykhailo Fedorov revealed in an interview. The initial plan was to start…

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…

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…

Exploring the Potential of the Metaverse: A New Digital Frontier

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The metaverse, also known as the virtual universe, is a concept that has been around for decades in science fiction literature but has recently gained traction as technology has advanced to make it a more realistic possibility. Essentially, the metaverse is a virtual world that is fully immersive and interactive, and can be accessed by users through various devices such as VR headsets or augmented reality glasses. This blog holds the concept of the metaverse, a virtual world that is fully immersive and interactive, and the potential it holds for…