ETH On The Rise After The Statements Of The European Investment Bank

The European Investment Bank made a statement and announced that it will issue 2-year bonds on the Ethereum blockchain. Ethereum prices increased.

ETH is on the rise after the statements of the European Investment Bank. With the bank's announcement that it will issue 2-year bonds on the Ethereum blockchain, the leading altcoin rose and saw over $ 2,700. The market volume of Ethereum, the second most valuable cryptocurrency in terms of market value, has exceeded $ 311 and its share in total volume has exceeded 15 percent for the first time. With the news that JPMorgan Chase will set up a Bitcoin fund to be actively managed in the first days of the summer to offer it to certain customers, BTC, which went above $ 55,000, fell to over $ 53,000 with profit sales. The share of Bitcoin in the total market volume in the cryptocurrency markets, which fell below 50 percent on Tuesday for the first time since August 2018, fell to 48.8 percent in the early hours of Thursday. The leading cryptocurrency, which fluctuated between $ 53,563.49 and $ 56,227.21 in the past 24 hours, fell 1.69 percent to $ 53,854.87, while the weekly loss of the unit was 0.68 percent. Bitcoin's total market volume also fell by about $ 20 billion to $ 10 trillion 6.38 billion. On the Ethereum side, the cryptocurrency, which gained 3.02 percent in the last 24 hours, climbed to $ 2,707.82. However, its weekly earnings were at 11.11 percent, and the volume of the unit also increased to $ 313 billion. Binance Coin, on the other hand, is traded at $ 562.18. The third largest unit of the cryptocurrency markets has recorded an increase of 0.19 percent in the last 24 hours. The unit's weekly earnings were 0.91 percent, and the unit's market volume climbed to $ 86.04 billion. The total volume in all markets decreased by approximately 200 billion dollars to 2.0 trillion 65.3 billion dollars. With the rapid rise in corporate interest in cryptocurrency markets, the total market volume rose above the $ 1.0 trillion mark for the first time on January 7, and $ 1.5 trillion on February 15 and $ 2 trillion on April 10. With the purchases in the cryptocurrency markets, the value of 71 units fell from the highest volume 100 units in the last 24 hours, while three units from the top 10 units were among those that fell. Of the total market volume in 371 markets where a total of 9,480 cryptocurrencies were traded, BTC accounted for 48.8 percent and ETH 15.2 percent. The 24-hour trading volume in all markets was also at the level of $ 147 billion.

Making a market assessment, Bittrt Research Manager Helin Çelik stated:

"The European Investment Bank will issue 2-year bonds on the Ethereum blockchain. The European Investment Bank, the Luxembourg-based lending arm of the European Union, will issue 2-year bonds worth € 100 million as of April 28, 2023. Ether, the native token of the Ethereum network, reached an all-time high of $ 2,683 on the Bitstamp stock exchange. Ether climbed over 270 percent in 2021. The country will implement a national, blockchain-based student and teacher identification and attainment record system to digitally verify grades, remotely monitor school performance, and increase education and employment across the country. IOHK's Atala PRISM identity solution will allow authorities to create tamper-resistant records of educational performance of 3,500 schools, 5 million students, and 750,000 teachers to identify locations and causes of lack of education and effectively allocate educational resources. The goal is to provide all students with blockchain-validated digital qualifications to reduce fraudulent university and job applications and increase social mobility by allowing employers to verify the grades of all applicants without third-party agencies. Ripple has joined forces with three leading universities expanding its blockchain accelerator program called the University Blockchain Research Initiative (UBRI). The University of Capetown, New York University Abu Dhabi and the University of Reykjavik have been added to the company's list of partners in the academy. These universities will be able to conduct research, host conferences and support their students' blockchain-focused initiatives, relying on Ripple's UBRI funding. South Korean video game giant Nexon said on Wednesday that it bought Bitcoin worth $ 100 million, paying an average of $ 58,226 per coin. CEO Owen Mahoney said that the move was to protect shareholder value: “Our Bitcoin acquisition reflects a disciplined strategy to preserve shareholder value and maintain the purchasing power of our cash assets. In the current economic environment, we believe bitcoin provides long-term stability and liquidity while preserving the value of our cash for future investments.” Visa CEO Al Kelly discussed the payment giant's crypto ambitions during a earnings call on Tuesday, describing the firm as' extremely well positioned '. Kelly said during the interview, “Therefore, our focus is on the five different opportunities we see in this area, and I would say that this is the area where we lean very heavily and think it is extremely well positioned.”