The Ethereum blockchain token Mollars commenced its Initial Coin Offering [ICO] on Monday, November 21st, priced at US$0.30 per token, signaling significant ROI potential for crypto investors. Positioned as an alternative to Bitcoin, Mollars, a hybrid cryptocurrency, stands out for its store of value aspect and its launch a decade after Bitcoins introduction.

Mollars, like Bitcoin, is designed to be a highly demanded store of value, with its founder abstaining from holding any tokens privatelya rarity in todays crypto world where up to 99.5% of founders keep a personal token reserve.

The Mollars whitepapers (view here) explicitly state that no development party will receive tokens; all tokens created by the founder and team will be released to the market and exchanges.

Unique to Mollars, mirroring Bitcoin, is its full decentralization and the founders lack of ownership post-release, ensuring token longevity through created infrastructure and formulas without direct control.

The first exchange that Mollars will be listed on is Uniswap, the worlds #1 decentralized crypto exchange. If the ICO reaches its goal of US$2-million dollars, it will have a listing day price of US$0.62.

The 62-cents listing would mean todays first round ICO investors would get ROI Yields of over +200%. The price of listing day could be weaker if the US$2,000,000 milestone is not met with the Initial Coin Offering fundraise.

With 15,661 tokens sold since its debut on November 21st, the new ICO listing is averaging a daily buy rate of just over 2,610 tokens. At this rate it would take the Initial Coin offering a substantial amount of time to complete. However, the buzz is building and that daily buy rate is expected to increase by multiples within this week.

Another reason users will likely begin buying more is the crypto tokens founders recent release of the white paper and mission statement. One of those statements include a catalyst to expand the Mollars brand via product.

These claims by the new ERC-20 tokens developers have left some analysts to believe todays first round ICO investors could generate more than just the typical listing day gains.

As the Mollars token is being offered [buy here] at US$0.30-cents today, it will list on a major crypto exchange in second quarter 2024 for US$0.625 but the WEB3 product could send it higher.

Many new tokens see +700% gains when listed on new Cryptocurrency Exchanges but having an actual product could lift the token past the US$1.875 value mark.

If $Mollars reaches US$1.875, first round ICO investors would reap yields of well over +600%.

Specifics for the ICO launch and post-listing plans are outlined, with 4,500,000 tokens set to be sold in 4 funding rounds. The token price will incrementally increase each round.

First-round investors can buy $Mollars at US$0.30. After selling 200,000 tokens, the second round commences, quickly due to limited availability.

The second rounds price is US$0.40, limited to 300,000 tokens, followed by a price increase in the third round. In this round, 700,000 $MOLLARS tokens will be available, coinciding with a preview of Mollars web3 product.

The fourth rounds price is US$0.50. While the ROI for early investors after listing on a decentralized exchange will be less than previous rounds, it still promises to surpass recent yields from Gold and Platinum.

The 5th and 6th rounds will see the token price increase by US$0.05 each, reaching US$0.55 and US$0.60, respectively. The total crypto presale will involve 4,000,000 cryptocoins.

Post-ICO, $MOLLARS will quickly appear on a top exchange with an initial price of US$0.625 and a liquidity pool of over $1-million. This positioning is expected to boost its visibility and attract new traders.

Learn more about the ICO and this new hybrid token at http://www.Mollars.com.

Disclaimer This article is a paid publication and does not have journalistic/ editorial involvement of CoinGape. CoinGape does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. Do your market research before taking any actions . The author or the publication does not hold any responsibility for your personal financial loss.

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Mollars ICO Aims To Yield +200% ROI To Crypto Investors Ethereum Blockchain's New Bitcoin - CoinGape

Arman Shirinyan

Cardano remains one of most popular chains in industry, but people quite often forget about it

The quest to quantify blockchain decentralization has led to various metrics, with the Nakamoto Coefficient being one of the prominent measures. However, in the recent listings of blockchains by their degree of decentralization, Cardano was notably absent from the top ranks, a position that has sparked curiosity and debate within the crypto community.

Cardano is often distinguished from Ethereum Virtual Machine (EVM)-based chains due to its unique network structure and operational mechanics. Unlike Ethereum, which runs on the EVM, allowing for interoperability and similar structures across various networks, Cardano employs a different approach with its Ouroboros consensus algorithm.

Ouroboros is a proof-of-stake (PoS) protocol, but it diverges from the standard PoS mechanisms. It is designed to achieve consensus in a more energy-efficient and scalable way. This dedication to a scientific philosophy in its protocol development sets Cardano apart, which may contribute to why it is often considered separately from other EVM-compatible chains.

The distinctiveness of Cardano's architecture is complemented by its layered structure. The settlement layer (Cardano SL) and the computation layer (Cardano CL) operate independently, which differentiates its operational functions from those of other blockchains where these layers are typically intertwined.

Cardano's network also emphasizes a community-driven approach to governance and development. The project's catalyst funds and the Voltaire phase, which aims to introduce a fully decentralized decision-making process, are testaments to its commitment to a high degree of decentralization, albeit not necessarily captured by the Nakamoto Coefficient.

Furthermore, Cardano's method of staking and block production involves a randomized process for electing slot leaders, which is different from Ethereum's process. This adds another layer of complexity when comparing the two networks based on the number of entities that can collectively shut down or control the network, as the Nakamoto Coefficient attempts to measure.

About the author

Arman Shirinyan

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

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Cardano Not Listed in Top of Chains More Decentralized Than Ethereum: Here's Why - U.Today

(Kitco News) - Socit Gnrale is the latest bank to enter the world of tokenization as the European financial services firm has issued its first digital green bond as a security token on the Ethereum (ETH) blockchain.

The bank said that the security tokens have been fully subscribed by two top-tier institutional investors through a private placement AXA Investment Managers and Generali Investments.

The tokens are directly registered by SG-FORGE, a fully integrated subsidiary of Societe General Group, which is regulated as an investment firm under EU MiFID2 regulation and as a digital asset service provider under French law.

This transaction is the first digital green bond issued by Societe Generale to leverage blockchain's differentiating functionalities, the press release said. This digital format enables increased transparency and traceability as well as improved fluidity and speed in transactions and settlements.

The new offering is structured as a EUR 10 million senior preferred unsecured bond with a maturity of 3 years. An amount equivalent to the net proceeds of this bond will be exclusively used to finance or refinance Eligible Green Activities, as defined in the Sustainable and Positive Impact Bond framework of Societe Generale, SocGen said.

The launch also represents the bank's first step toward using blockchain as a data repository and certification tool for issuers and investors to foster transparency on ESG and impact data on a global scale, they said.

The digital green bond also serves as a testing ground for two key innovations that SocGen plans to develop further.

Information on the carbon footprint linked to the digital bond infrastructure is available 24/7 in open access directly in the bond's smart contract, they said. This enables issuers and investors to measure the carbon emissions of their securities on the financial infrastructure. This innovation is a new service granted by SG-FORGE and follows the publication of its first full lifecycle carbon footprint report on Security Tokens.

The second innovation is the ability for investors to settle securities on-chain through EUR CoinVertible, a digital asset first issued by SG-FORGE in April 2023, which complements traditional cash settlement solutions. While Central Bank Digital Currencies (CBDC) solutions are being experimented, this panel of settlement methods demonstrates the large capabilities of SG-FORGE in providing full spectrum of on-chain services, SocGen said.

The bank said the issuance of this bond demonstrates a commitment to drawing on its financial structuring expertise and on SG-FORGEs technologic capabilities to contribute to building an innovative sustainable bond market.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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SocGen launches first digital green bond on the Ethereum network - Kitco NEWS

Press Releases are sponsored content and not a part of Finbold's editorial content. For a full disclaimer, please . If you encounter any issues, kindly report them to [emailprotected]. Crypto assets/products can be highly risky. Never invest unless youre prepared to lose all the money you invest.

The DOJ says CZ is a flight risk. Ethereum (ETH) could get a spot ETF. Meanwhile, VC Spectra (SPCT) presents a golden opportunity for investors.

How does the DOJs verdict on CZ affect BNB (BNB)? How does a spot ETF application affect the Ethereum price prediction? And how can investors take advantage of VC Spectras (SPCT) opportunity? Lets find out!

>>BUY SPCT TOKENS NOW<<

On November 27, 2023, the US DOJ argued that former Binance CEO Changpeng Zhao is a flight risk. DOJ prosecutors challenged the judges pronouncement that CZ was not a flight risk even while in UAE.

The DOJs challenge comes despite CZ voluntarily presenting himself in court and also agreeing to a $175 million bond. The DOJ wants CZ to remain in the US to minimize the flight risk, especially as UAE does not have an extradition agreement with the US.

So far, the judge has stayed the decision permitting him to return to the UAE.

The decision to block the initial ruling has sent BNB coin price tumbling. BNB lost 1.4%, decreasing from $231.98 to $228.73.

However, analysts say BNB coin price might reach $1,361.70 in 2024 if the authoritys case with Binance is settled soon. Negotiations are ongoing between Binance and the authorities on the amount of fine the exchange will pay as punishment for its rule-breaking.

Since VC Spectra (SPCT) began its presale, the price of the token has soared to unimaginable levels. The VC Spectra (SPCT) token has gained an astounding 862.5% in just five presale stages.

Importantly, there are more surges ahead for VC Spectra (SPCT). Experts say VC Spectra (SPCT) will surge over 1000% during the presale. This means that investors who join the train now can still enjoy substantial gains.

To enjoy the gains, these investors have to purchase SPCT from the VC Spectra website at the current price of $0.077. Other benefits of holding SPCT include quarterly dividends and buybacks, voting rights, and access to exclusive pre-ICOs.

However, VC Spectra (SPCT) offers more than price increases. It is a platform for investors to enjoy the best blockchain investment services. With VC Spectra (SPCT), they can invest in early-stage blockchain startups, growth-potential Web3 companies, and specific niches and trades. They can also stake and lend their tokens and trade arbitrage.

VC Spectra (SPCT) ensures its users are investing in profitable ventures and trades. The protocol utilizes AI, trusted trading strategies, and a sustainable investment approach to achieve this.

All these make VC Spectra (SPCT) the top crypto to buy ahead of BNB and ETH.

A November 9 report revealed that the top asset manager in the world, BlackRock, was taking steps to offer a spot Ethereum (ETH) ETF. According to the report, BlackRock registered the iShares Ethereum Trust in Delaware. This Trust is a forerunner to the ETF application because BlackRock took this same route before filing for its spot BTC ETF.

Analysts say the same excitement surrounding the Bitcoin ETF could also infect Ethereum if BlackRock eventually files for a spot Ethereum ETF.

Interestingly, the news about the Ethereum Trust registration has pushed Ethereum (ETH) price past $2,000. The premier altcoin has surged from $1,888.94 to $2,091.94. This is a 10.7% increase.

If BlackRocks imminent spot Ethereum ETF filing is approved soon, ETH could soar to $6,369.08 in 2024. Experts believe approval of the spot Bitcoin ETF applications will pave the way for the acceptance of the Ethereum ETF.

Should I buy Ethereum? Experts say ETH might be a good crypto to buy.

To learn more about VC Spectra (SPCT), visit:

Buy Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

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Crypto Experts Suggest: Optimal Time for BNB, SPCT, and Ethereum Investments - Finbold - Finance in Bold

December 6, 2023 12:40 AM | 2 min read

In a market primed for success with halted rate hikes, slowing inflation, and bullish outlook from big banks, Options Starter is your key to capitalizing on these opportunities. Unlock market-winning strategies now with Options Starter. Grab your 90% discount here.

A pseudonymous crypto analyst predicted that Solana (CRYPTO: SOL) could reach all-time highs of $360 by early 2025.

What Happened: Inmortal shared a chart on X, that shows the sixth-ranked cryptocurrency by market capitalization which is also called as Ethereum (CRYPTO: ETH) killer might climb to roughly $100 by years end, $200 by September 2024 and $360 by 2025. This would mean a 462% increase in its price.

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"You look lonely, I can fix you," wrote the analyst on X.

SOL is currently trading downward at $64.81, surging over 4% in the last 24 hours. This is far from its all-time high of $260 set in November 2021.

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters: On the other hand, another analyst, Ali, hinted at a potential downturn in Solanas market price. "Solana remains at risk of a price correction! The TD Sequential recently presented a sell signal on the $SOL weekly chart, while the RSI is in overbought territory. A spike in profit-taking could trigger a retracement to $47.6."

According to Ali, for Solana to dodge this adverse trend, it would need to print a weekly candlestick close above $68.4 to invalidate the bearish outlook and aim for $108.

Earlier in November, ARK Invest CEO Cathie Wood said, "Solana is doing a really good job. Ether was faster and cheaper than Bitcoin (CRYPTO: BTC) [back] in the day that's how we got Ether. Solana is even faster and [more] cost-effective than Ether."

Photo by Rafapress on Shutterstock

Read Next: Heres How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?

In a market primed for success with halted rate hikes, slowing inflation, and bullish outlook from big banks, Options Starter is your key to capitalizing on these opportunities. Unlock market-winning strategies now with Options Starter. Grab your 90% discount here.

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Feeling 'Lonely', Solana? Analyst Predicts 'Ethereum Killer' To Soar Over 450%, Reaching All-Time High Of - Benzinga

Antonio Juliano's decentralized exchange dYdX could be said to be one of the most successful projects ever launched on Ethereum. In 2021, Bloomberg reported that dYdX briefly overtook Coinbase, the largest U.S.-based exchange, in trading volumes although the comparison between derivatives and spot trading, which dYdX and Coinbase focused on, respectively, is a bit like apples and oranges.

Still, at its height, dYdX executed billions of dollars worth of trades per day for several thousand users, and was backed by crypto notables including Polychain Capital and Andreessen Horowitz. Which is why Juliano's decision to move the derivatives exchange off Ethereum and into the Cosmos ecosystem, using its own custom-built blockchain, was such a notable decision. It was a huge risk.

This profile is part of CoinDesk's Most Influential 2023. For the full list, click here.

This year, Juliano and his team successfully launched a new version of dYdX. This required recoding the six-year-old project, launching test networks and building an off-chain order book, another way the project hoped to scale.

"We can't build something like this on Ethereum," Juliano said in a September interview. Ethereum, of course, has been known for its problems with transaction throughput since its inception. It's why its coterie of coders has been hard at work for revamping the chain including launching a reworked proof-of-stake backbone, exploring technically complex innovations like "proto-danksharding" and building a plethora of scalable add-ons called layer 2s.

It's also why countless other blockchains have launched to compete with and supplement Ethereum. There's the old guard like Cardano and Polkadot, each built by an original Ethereum founder, and ultra-new chains like Aptos and Sui, built by former Facebookers.

But for Juliano, Cosmos, which is like a blockchain for blockchains, offered the most compelling vision for scalability. "We need more on the order of 1,000-plus transactions per second," he said. Cosmos offered Juliano the customizability he needed to finally achieve his vision for dYdX, which has evolved over the past half-decade. This includes building a protocolspecific mempool, to store unfinalized txns, and finding the perfect number of validators, to balance execution and decentralization.

Juliano, a Pittsburgh, PA, native who graduated from Princeton, has been working in the crypto industry since taking his first job out of college at Coinbase in 2015, which he joined because he was attracted by its unusual hiring process. Oddly enough, the way he described it, he only became a blockchain believer after working at the exchange and hearing lectures from industry luminaries like Vitalik Buterin and Polychain's Olaf Carlson-Wee.

He caught the entrepreneurial bug after just a year at Coinbase, and went on to found a search engine for the decentralized web called Weipoint. Juliano admits his first effort was a dud, and estimates it gained less than a dozen users by the time he called it quits. At the time, he was also working at Uber.

"My journey as a founder started with a ton of coding for the first few years, and now mostly CEO-ing. I've loved both parts and especially love my job today. I feel extremely fortunate to work with the best people, on hard and meaningful problems that will drive large change in the world long term," Juliano, who is the oldest of four siblings, told CoinDesk in an email recently.

Today, dYdX has about 50 employees and is on its fourth version (v4) and second blockchain. It's had some notable ups and downs since jumping chains, including an alleged exploit that led to a loss of $9 million in an insurance payout, as well as a successful governance vote to enable validators to earn a share of trading rewards.

A recent Messari report found that dYdX, the established brand rerooted this year, once again leads in its share of market volumes. Though all that scalability and customizability for what? It still suffers from crypto's core complaint: There's only a couple hundred daily, active users.

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Antonio Juliano: Uprooting a Successful Exchange to Explore the Cosmos - CoinDesk

U.Today - In a strategic move, a big investor with a proven track record trading (ETH) capitalized on the recent price surge by selling a substantial amount of holdings.

reports that this adept trader successfully sold all 2,850 ETH, amounting to a staggering $6.35 million, at an impressive price of $2,230 within the past six hours. The calculated maneuver resulted in a noteworthy profit of approximately $457,000.

This seasoned investor has a commendable history of trading, engaging in 25 transactions over the past year. Impressively, the trader emerged victorious in 20 of these trades, consistently selling at prices higher than the initial purchase and accumulating an impressive total profit exceeding $3 million.

Source: The timing of this strategic exit into cash coincides with ETH's surge to new heights in 2023, reaching levels not witnessed since May 9, 2022.

ETH to USD by As the eyes the next important level, speculation looms over whether ETH will achieve the $3,500 milestone. Equally intriguing is the interpretation of the successful trader's decision to sell positions at this pivotal moment. According to the investor's perspective, the altcoin has attained its current objectives.

The question now arises: are we on the brink of a correction, or has the market outplayed this seasoned whale? The crypto community awaits the unfolding of this high-stakes narrative.

This article was originally published on U.Today

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Top Ethereum Investor Unloads Tokens in Epic Move Amid ETH Price Surge By U.Today - Investing.com

Grayscale, a prominent name in the crypto investment sphere, recently made waves with its update on the approval status of the Grayscale Bitcoin Trusts (GBTC) Spot Bitcoin ETF. This long-awaited development has sparked anticipation and excitement. Meanwhile, Ethereum (ETH) and Everlodge (ELDG) are seeing price surges. Lets discover why.

Grayscales recent update on the potential approval of a GBTC conversion to a spot Bitcoin (BTC) ETF has caused optimism within the crypto community. Its confidence in the impending approval by the SEC adds weight to the growing belief that regulatory acceptance of a spot Bitcoin ETF in the United States is now a question of when, not if.

After this Bitcoin news, its value increased from $38,780 on December 1st to $38,389 on December 2nd. This is an impressive 11.62% increase over the last 30 days. There are also 29 technical indicators flashing green.

The collective optimism surrounding the Bitcoin price surge is sky-high, with experts making bullish price predictions. They project a climb to $41,474.39 by the conclusion of 2023. This bullish forecast and Grayscales confident assertions amplify the anticipation for its ETF.

Ethereum (ETH) recently showed notable signs of bullish activity, signaling potential upward movement within the crypto market. Analyst Ali Martinez reveals a striking trend: Ethereum whales have accumulated tokens in nine consecutive days for the first time in nine months. This ETH accumulation by whales often indicates upcoming bullish Ethereum price action.

In recent market movements, Ethereums price has displayed promising growth, surging from $2,077 on November 25th to $2,128 on December 2nd. Ethereum recorded 17 out of 30 days in the green throughout the past month, reflecting a positive market sentiment. Ethereums stability amidst market fluctuations sits well for potential sustained growth.

Looking ahead, expert Ethereum price predictions forecast its price to soar to $2,273 by the conclusion of December 2023. This optimistic projection aligns with the ongoing accumulation trend among Ethereum whales and the potential ETF approval that may bring more eyes to the crypto market.

While there are positive Bitcoin and Ethereum news, one project that has also made headlines is Everlodge (ELDG) a one-of-a-kind property marketplace on the blockchain. While the marketplace where luxurious properties are converted into NFTs and then fractionalized is its focus, it has introduced something new that will surely be a game-changer.

It has integrated cutting-edge AI technology into its ecosystem. This landmark innovation marks an advancement for Everlodge, equipping you with sophisticated AI tools capable of tracking and predicting global property market trends. Imagine two years ago, the AI tool accurately identified Dubai as an emerging market and steered you toward promising properties.

Unlike Bitcoin and Ethereum, the ELDG native token is now in Stage 7 of its presale and costs just $0.025 a 150% rise from its starting price.

Moreover, it has a low market cap of $13M. This is a great advantage since it will require fewer new funds to see a massive price surge. Because of this and its ties to the trillion-dollar real estate market, experts forecast a 30x growth after a Tier-1 CEX listing. Ultimately, Everlodge may prove more profitable than Bitcoin and Ethereum, thanks to its long-term growth potential.

For more information about Everlodge (ELDG) please visit their website.

Disclaimer: The text above is an advertorial article that is not part ofCryptonews.comeditorial content.

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Grayscale Drops Update on GBTC Spot Bitcoin (BTC) ETF Approval - Get Ready for Ethereum (ETH) and Everlodge ... - Cryptonews

The Ethereum networks greenhouse gas emissions have dropped by an estimated 99.97% since its shift to proof-of-stake, despite a big rise in node count.

Thats according to new research by the Cambridge Centre for Alternative Finance. The organization has upped its crypto research effort after in April launching the Cambridge Blockchain Network Sustainability Index (CBNSI) a measure that detailed Ethereums electricity consumption pre- and post-Merge.

The Ethereum network currently is responsible for 2.8 kilotonnes of carbon dioxide equivalent (KtCO2e) on an annualized basis, the CCAF said in a Friday report.

To contextualize, this would equate to the emissions from five round-trip airplane flights from London to New York, the annual energy consumption-related emissions of 450 UK households, or the annual carbon sequestration capacity of 270 acres of forest, the report states.

Ethereum switched to a proof-of-stake consensus model in September 2022. The Ethereum Foundation had estimated the Merge would reduce the blockchains power consumption by 99.95%.

Read more: Ethereum switches to proof-of-stake after 7 years of work

But electricity usage is only one piece of an environmental impact assessment, according to the Friday report.

Additional data was required to convert electricity consumption to greenhouse gas emissions. The CCAF used off-chain data from the peer-to-peer communication of Ethereum nodes to gather both electricity usage and the geolocational distribution of nodes.

The number of Ethereum validators has grown 57% since April 1, reaching 880,822. Ethereum nodes have grown to 14,072, reflecting a 23.2% increase over that span.

The networks annual electricity consumption increased by 21.2% in those eight months, from 6.19 GWh to 7.50 GWh roughly the annual electricity use of 2,000 English households, the Cambridge data shows.

As for where the nodes are, Europe and North America are home to 43.3% and 40.5% of them, respectively, following the Merge.

The CCAF estimates pre-Merge greenhouse gas emissions were about 10.3 MCO2e. The latest post-Merge figure of 2.8 KtCO2e reflects a 99.97% drop despite a substantial increase in the number of Ethereum nodes, the report notes.

The network is now powered by nearly 48% sustainable energy including 32% renewables and 16% nuclear the CCAF estimates, with the remaining 52% coming from natural gas, coal-fired power, and oil.

The CCAF said it next looks to enhance its Cambridge Bitcoin Electricity Consumption Index (CBECI). Despite Ethereums shift to proof-of-stake, bitcoins proof-of-work consensus model is a cornerstone of its identity, the report acknowledges making a similar transition not as straightforward as it might appear at first glance.

The research institute adds: The narrative of Ethereum and Bitcoins different paths is not just a tale of technological advancements but also reflects different ideologies and priorities of their communities, highlighting the multifaceted complexity inherent in the evolution of leading blockchain networks.

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Ethereum validator and node growth leads to emissions decline: Report - Blockworks

Source: iStock/AdrianHancu

Societe Generale, the third-largest bank in France, has marked a significant milestone by issuing its inaugural digital green bond on the Ethereum public blockchain.

Societe Generale announced Monday that it issued its first green bond on the Ethereum blockchain. The bond, valued at 10 million euros (approximately $11 million), was executed in late November and carries a three-year maturity. This initiative was facilitated through Forge, a subsidiary of Societe Generale.

This pioneering digital green bond is dedicated to financing or refinancing products and companies falling under the eligible green activities category. The green status underscores Societe Generales commitment to environmentally responsible financing. The net proceeds generated from the bond will be directed towards financing or refinancing products and companies falling within the eligible green activities category.

One of the key innovations accompanying this digital bond is its transparent and accessible digital infrastructure. Through the bonds smart contract, stakeholders, including issuers and investors, gain 24/7 open access to data pertaining to its carbon footprint.

The bank aims to leverage the Ethereum blockchain as a data repository and certification tool for issuers and investors, particularly in the context of environmental, social, and governance (ESG) considerations. The issuance of tokenized bonds aligns with the banks commitment to enabling greater transparency on ESG matters.

This empowers market participants to measure the carbon emissions associated with their securities directly on the financial infrastructure. The smart contract governing the green bond includes comprehensive carbon footprint information accessible to the public.

In a bid to enhance transparency, traceability, and efficiency in financial transactions and settlements, Societe Generale emphasized the tokenized nature of these bonds. The move towards blockchain technology is a strategic initiative by the banks crypto team to harness the advantages of decentralized ledger technology.

By leveraging the Ethereum blockchain to provide increased transparency and traceability, it also improves fluidity and speed in transactions. Additionally, the bond introduces a technical option for investors to settle securities on-chain using the EUR CoinVertible, a stablecoin pegged to the euro that Forge issued in April 2023.

This approach not only enhances efficiency in settlement processes but also positions the bank to navigate the evolving landscape of central bank digital currencies (CBDCs). The bank acknowledges the ongoing experimentation with CBDC solutions and positions itself as a provider of a comprehensive range of on-chain services.

Beyond its collaborative efforts, Societe Generale has been an active participant in the cryptocurrency space. Prior to this digital green bond on Ethereum, the bank had successfully issued Eurobonds on the Ethereum blockchain and security tokens on the Tezos blockchain.

Moreover, Societe Generale has proposed Dai stablecoin loans in exchange for bond tokens. The teams proactive approach resulted in the acquisition of the highest access license to operate as a digital asset service provider in France in July.

In November, Societe Generale-FORGE, in collaboration with the Lamarck Group, Institut Louis Bachelier, and the Crypto Carbon Ratings Institute, released a report focusing on the lifecycle of security tokens. The report aimed to establish a methodology for calculating the carbon footprint of financial products issued in token form on the Ethereum public blockchain infrastructure.

The report specifically focused on Ethereums network due to its relatively low greenhouse gas emissions following the merge in September of the previous year.

In June, the European Investment Bank (EIB) issued a tokenized bond using Credit Agricole CIB and SEBs blockchain-based bond platform. The EIBs bond was denominated as a Swedish Krona 1 billion bond, equivalent to approximately $95 million, with a maturity period of 2 years.

While this is SocGens first tokenized bond, the bank had previously collaborated with the EIB on its inaugural digital bond issuance in 2021.

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Societe Generale Issues First Digital Green Bond as Security Token on Ethereum Blockchain - Cryptonews