Socit Gnrale (SocGen), Frances third-largest listed bank, made its foray into blockchain-based financial solutions by issuing its first digital green bond amounting to 10 million on a public blockchain, as per a Dec. 4 press release.

Following the European Investment Banks (EIB) recent digital bond launch on a private blockchain, the French lenders initiative marks another step towards the widespread adoption of blockchain technology in the global financial sector.

The issuance not only highlights the growing trust in blockchain as a disruptive tool for sustainable finance but also signals the increasing digitalization in the financial sector.

SocGens crypto unit SG-FORGE issued the bond as a security token on the Ethereum public blockchain on Nov. 30.

The issuance was structured as a senior preferred unsecured bond with a three-year maturity. The bonds proceeds are designated for financing or refinancing activities that align with Societe Generales Sustainable and Positive Impact Bond framework.

AXA Investment Managers and Generali Investments, representing two major institutional investors, fully subscribed to the bond through a private placement. Notably, AXA IM engaged in the transaction by utilizing Societe Generales euro-denominated stablecoin, EUR CoinVertible, for a significant portion of the investment.

According to the French lender, one of the notable aspects of the digital green bond is the enhanced transparency and traceability of ESG data, which is made possible through blockchain technology.

The digital green bond introduces key features to the financial market. First, it provides continuous access to data on the carbon footprint associated with the digital bond infrastructure through its smart contract. This allows for effective monitoring of the environmental impact of financial securities.

Secondly, the bond offered an innovative settlement method using EUR CoinVertible, a digital asset issued by SG-FORGE in April 2023, alongside traditional cash settlement options.

The issuance underscores SocGens strategic focus on developing expertise in crypto services and digital instruments. It also demonstrates the lenders commitment to enhancing its debt capital market capabilities to meet the growing demand for digital assets, particularly those with ESG considerations.

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Societe Generale issues 10M digital green bond on Ethereum - CryptoSlate

TL;DR

Ethereums native cryptocurrency Ether (ETH) is yet another digital asset that has experienced a rapid price increase since the beginning of 2023. It currently trades at around $2,100 (per CoinGeckos data), with some wondering whether a new all-time high (ATH) could be achieved next year.

According to ChatGPT, such a development could indeed occur should several vital factors be in place. The AI-powered language model noted market trends and technological advancements as the main ones.

It outlined Ethereums shift from a proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS), suggesting other improvements of this type could be bullish for the asset.

ChatGPT estimated that positive regulatory developments might encourage institutional investments and thus trigger a rally. On the other hand, stricter rules could have the opposite effect.

Global economic conditions, investor sentiment, adoption by mainstream finance, and historical performance are other elements worth observing.

Lastly, ChatGPT suggested that the potential rise of different blockchain protocols and cryptocurrencies could impact Ethereum, too.

Given these factors, while there is potential for Ethereum to reach new highs, its important to approach such predictions with caution and consider the inherent risks and uncertainties of cryptocurrency investments, the AI language model concluded.

Another interesting question that has been circulating in the cryptocurrency space for quite some time is whether Ethereum could eventually outpace Bitcoin and become the largest digital asset by market capitalization. On that note, several months ago, we asked ChatGPT if such a scenario is plausible in the next five years.

The language modelexplained that this outcome is uncertain and depends on various factors. The primary ones are adoption rates and network upgrades. Overall economic condition, inflation, and other financial aspects are also worth considering, ChatGPT assumed.

As of the moment, Bitcoins market capitalization stands at over $750 billion, representing a dominance of around 50%. Ethereum is second with a market cap of approximately $250 billion, meaning it has a long way to go before flippening the leader.

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We Asked ChatGPT if Ethereum (ETH) Price Will Reach ATH in 2024 - CryptoPotato

Theres now a Notorious B.I.G. experience in The Sandbox metaverse, thanks to a collaboration between the game, the late rappers label Warner Music Group, and his estate, the metaverse platform announced Monday.

The Brooklyn, New York-inspired area in The Sandbox pays homage to the late rapper, born Christoper Wallace, who rose to fame in the 1990s before his death in 1997. The Sandbox B.I.G. experience, dubbed Breakin B.I.G., allows players to meet the rappers non-playable avatar likeness in a 2D, arcade-style world and navigate various quests as an up-and-coming rap star, according to the announcement.

Quests include tasks like helping out around the virtual Brooklyn community and confronting B.I.G.s rivals in The Sandbox, to name a few.

No artist represents the style of the 90s more than Biggie, said Notorious B.I.G. Estate Chief Strategy Officer Elliot Osagie, in a statement.

By bringing the appeal of the 90s style side-scrolling game, starring Biggie's music, to an innovative Web3 platform, we are ensuring that the world he built will continue to be enjoyed by day-one fans and discovered by todays new generation of fans in fresh innovative ways that remain authentic to Biggie's brand and goals as an artist, Osagie added.

In addition to the B.I.G. Sandbox experience, a new NFT avatar collection will be released as well as an update to Warner Music Groups social hub, per the announcement.

Im excited for our players to explore a rich Brooklyn environment with an arcade-inspired feel unlike anything weve done before, The Sandbox COO and Co-Founder Sebastien Borget said in a statement. Fans will interact with Biggie in entirely new ways as they immerse themselves in a throwback 90s adventure.

Notorious B.I.G.s likeness joins celebrities like Elvis Presley, Snoop Dogg, Paris Hilton, Deadmau5, and Steve Aoki, all of whom have either built experiences or added their likenesses to the voxel-style game. Last year, Biggies estate released NFTs inspired by the iconic rapper and previously announced another Biggie-inspired metaverse world called The Brook.

While The Sandbox has also launched collaborations with big brands spanning from Gucci to McDonalds, Warner Music has continued its push into blockchain integrations this year. Warner has planned branded character skins with Ready Player Me and is also working with Polygon Labs to launch a blockchain music accelerator.

Edited by Andrew Hayward

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Notorious B.I.G. Immortalized in Ethereum Metaverse Game The Sandbox - Decrypt

In the past several hours, Bitcoin and Ethereum experienced a downturn following their recent highs at approximately $42,000 and $2,300. Analysis of on-chain data indicates that short-term investors are taking this chance to sell their holdings and exit the market with gains. Despite this, strengthening support levels suggest that Ethereums price is poised for a recovery and likely to resume its upward trend.

ETH price faced resistance slightly under $2,300, leading to a wave of sell-offs by investors eager to secure their profits from the recent rally. According to Coinglass data, short-term traders sold off more than $3.5 million in long positions following the prices failure to maintain its upward momentum. Consequently, ETHs value dipped just below the immediate Fibonacci retracement levels.

In a recent statement by Santiment, a prominent on-chain analytics company, it was noted that Ethereums market value has surged, reaching $2,250 for the first time in over one and a half years. This significant milestone brings an increase in open interest and long positions in the Ethereum market.

Santiment highlighted that this trend is indicative of a growing sense of FOMO traders. While there is potential for further price increases, on-chain data cautioned that the market is also facing increased risk of a correction. This is primarily due to traders engaging in increasingly leveraged positions driven by greed, which could lead to greater market volatility and potential corrections.

Despite the recent dip, the downturn appears to be a temporary setback, as the price of ETH showed a strong refusal to fall further and bounced back quickly. The long-short ratio has surged past 1, currently trading at 1.2012, indicating that 55% of holders are now anticipating a rise in price. On the other hand, bears are putting up a strong resistance, with 45% holding short positions.

Ether recently experienced a strong recovery from its 23.6% Fib channel after sellers failed to plunge the price below $2,200, showing that buyers are actively defending this price level. However, buyers are facing resistance to push the price beyond $2.3K. As of writing, ETH price trades at $2,217, surging over 3% from yesterdays rate.

Looking forward, the bulls will attempt to drive the price towards the significant overhead resistance at $2,464, a crucial level to monitor in the short term. A successful break through this resistance could complete an ascending triangle pattern, a bullish indicator. The completion of this pattern could set a target price around $2,800.

On the flip side, the 20-day EMA serves as a critical support level. If the price falls below this, it will signal a weakening of the bullish momentum. Such a break could potentially lead to a decline towards the crucial $2,000 mark.

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Ethereum Faces Rejection As Bulls Liquidate $3.5 Million In Positions! Is ETH Price Set For A Correction? - Coinpedia Fintech News

With Bitcoin mining stocks surging, analysts and even legacy banks like JPMorgan Chase are increasingly bullish on the sectors prospects.

Meanwhile, the Ethereum-based project Bitcoin Minetrix (BTCMTX) is nearing $5 million in its ongoing initial coin offering (ICO), thanks to the buzz around its innovative Stake-to-Mine model.

Bitcoin mining is the process of using specialized computers to solve complex math problems that validate transactions on the Bitcoin blockchain.

In return, miners earn BTC as a reward providing an incentive to continue mining.

During Bitcoins early days, mining was possible on regular home computers.

However, as the Bitcoin network has grown, mining has become increasingly competitive, spurring an arms race in mining hardware development.

The introduction of ASIC mining rigs has enabled industrial-scale Bitcoin mining operations, helping the mining sector balloon to a multi-billion dollar industry dominated by large firms.

Although the sectors energy consumption has raised environmental concerns, recent innovations have begun to focus on boosting efficiency in a greener way.

Moreover, these concerns have led to the exploration of alternative energy sources like solar, wind, and hydroelectric power in BTC mining operations.

According to a report from Industry Research Co., the entire crypto-mining market was valued at $4.2 billion in 2022 and is expected to reach $4.7 billion by 2028.

Several analysts, and even huge financial institutions like JPMorgan, are growing increasingly optimistic about the prospects of companies that operate in the crypto mining space.

CleanSpark ($CLSK), in particular, has attracted bullish praise recently.

In a recent research note, JPMorgan called CleanSpark its top pick among mining stocks, citing its scale, growth potential, power costs & relative value.

On Twitter, crypto analyst UltraXBT expressed confidence in CleanSpark at current levels, claiming its a $25 stock that is currently identifying as a $4.50 stock.

Meanwhile, ThoughtfulTrade on Twitter noted that a Bitcoin breakout above $46,000 could spur the price of mining stocks like CleanSpark to soar even higher.

With BTC mining profitability improving due to the crypto markets recovery, firms like CleanSpark that leverage low-cost power stand to capitalize.

Moreover, the upbeat outlook from JPMorgan and analysts reflects the growing optimism around the Bitcoin mining space in general.

While Bitcoin mining stocks like CleanSpark offer indirect exposure to crypto prices, a new altcoin project called Bitcoin Minetrix (BTCMTX) aims to reinvent mining rewards through staking.

The Ethereum-based Stake-to-Mine protocol allows users to earn regular BTC rewards by staking BTCMTX tokens rather than purchasing expensive hardware.

Bitcoin Minetrixs protocol works by distributing mining credits to those who stake BTCMTX, which can be exchanged for cloud mining power.

In turn, this democratizes access to BTC mining by lowering the barriers to entry meaning anyone can get involved.

The Stake-to-Mine mechanism also enables considerable staking yields, with current APYs exceeding 120%.

Ultimately, by reinventing mining rewards and making hash power more accessible, Bitcoin Minetrix has the potential to transform the crypto-mining space.

On the back of strong interest surrounding its unique value proposition, Bitcoin Minetrixs team recently launched a presale for BTCMTX.

The presale aims to raise funds to develop and scale the Stake-to-Mine platform further.

More than $4.8 million has already been raised from eager investors, with BTCMTX tokens available to buy for $0.012 each.

Once the presale concludes, Bitcoin Minetrixs team plans to list BTCMTX on leading centralized exchanges, enabling seamless trading for speculative investors.

With strong presale momentum and backing from high-profile names like VoskCoin, BTCMTX seems poised to make a splash when public trading begins.

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Crypto Analysts & JP Morgan Bullish on Bitcoin Mining - Ethereum-Based Bitcoin Minetrix Nears $5 Million In ICO - CryptoPotato

Analyst Tom Crown has expressed a bullish outlook on Litecoin (LTC), noting its potential to gain traction amid the current market developments. Crown opened up about the impact of rising transaction fees within Bitcoin (BTC) and shared an interesting analogy using a South Park reference to illustrate the transaction queue.

In an interview with The Paul Barron Network, he pointed out that Litecoins transaction fees are currently low, making it an attractive option for users seeking efficient transactions. Crown said that Litecoin historically served as a useful bridge for transferring value between different assets, especially during times of congestion in the Bitcoin network.

However, despite the positive sentiment, Crown acknowledged that Litecoins price chart does not fully reflect the current market conditions. While he sees a strong macro view for Litecoin, the coin is currently struggling on the charts. Crown discussed key support levels around $76 and suggested that Litecoin might present a compelling entry point for spot or long positions.

Crown expressed a level of optimism for Litecoins potential upside, even speculating on a return to near $100 over the next few months. He acknowledged the challenges but remained hopeful about Litecoins future performance.

Switching focus to Ethereum (ETH), Crown discussed the growing anticipation of an Ethereum ETF, following the trend set by Bitcoin.

He mentioned that the introduction of an Ethereum ETF could attract new investors and potentially lead to positive price movements. Crown analyzed Ethereums chart, pointing out a flat top building around $2,100 and a series of higher lows, indicating potential upward momentum.

Regarding price predictions, Crown suggested that if Ethereum mirrors Bitcoins move to $48,000 to $50,000, Ethereum could reach levels around $2,700 to $3,200.

He stressed the importance of maintaining the pattern of higher lows and indicated that Ethereums performance might outpace Bitcoin during specific market phases.

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Litecoin and Ethereums Market Outlook What Next For ETH & LTC Price - Coinpedia Fintech News

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Leading crypto analytics firm Santiment says the largest non-exchange Ethereum (ETH) wallets are gobbling up the second-largest digital asset at record rates.

Santiment says Ethereum wallets are forming an encouraging pattern.

The analytics firm notes that the 10 largest non-exchange Ethereum wallets now hold more than 41 million ETH for the first time ever, while the 10 largest exchange wallets now hold only 8 million ETH, a six-month low.

More and more coins continue moving to self-custody.

ETH is trading at $2,085 at time of writing and is up 2.26% in the past 24 hours and nearly 13% in the past month.

Not all of Ethereums metrics look bullish, however. Crypto trader Ali Martinez tells his 34,100 Twitter followers on the social media platform X to pay attention to the Tom DeMark (TD) Sequential indicator.

The TD Sequential indicator is used by traders to predict potential trend reversals based on the closing prices of the 13 previous bars or candles.

Says Martinez,

The TD Sequentials track record speaks volumes! Its accuracy in predicting ETHs price movements on the four-hour chart is noteworthy.

Currently, its flashing a sell signal at a key resistance level. Should this signal hold true, we may see ETH retracting and heading toward $2,000.

Despite its recent gains, ETH remains more than 57% down from its all-time high of $4,878, which it hit in November 2021.

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Top Ethereum (ETH) Wallets Forming an Encouraging Pattern, According to Crypto Analytics Firm Santiment - The Daily Hodl

Ethereum Classic is a decentralized smart contract blockchain that originated from a fork of Ethereum after the DAO hack in 2016. By rejecting the fork, ETC continues the original code is law vision of an unalterable transaction history.

This in-depth guide will explore Ethereum Classics origins, technology, ecosystem growth, tokenomics, challenges, roadmap and conclude with key takeaways on its vision. Lets dive in!

Ethereum Classic emerged in 2016 after the Ethereum communitys controversial response to the DAO hack which exploited flaws in the DAO smart contract code to syphon Ether. Here is an overview timeline of events:

Ethereum Classics origins lie in an ideological commitment to true immutability by a minority who rejected centralized tampering of Ethereums transaction history. Next lets examine ETCs philosophy.

Certain key philosophical principles define Ethereum Classics purpose in reaction to the DAO fork decision:

Transaction Immutability

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A Journey to the Top-50 Cryptocurrencies on Coinmarketcap and Coingecko Ethereum Classic: The - Medium

Ethereum will skyrocket in price should BlackRocks Ethereum spot ETF gain the SECs approval, according to analysts. This will result in more than 10x growth based on its current price.

Meanwhile, the Bitcoin ETF Token presale recently hit $2m as analysts provide 10-100x price predictions.

Ethereums price experienced a notable spike in November when the worlds largest asset manager, BlackRock, doubled down on its crypto efforts, filing for an Ethereum exchange-traded fund.

If approved, the ETF would be listed on Nasdaq, opening the door to a broad new audience previously deterred from buying ETH for technical, security, or liquidity reasons.

This would propel cryptocurrency to a legitimate investment opportunity, even for traditional investors. As such, it is no surprise that Ethereums price is rising in anticipation, currently at $2.09K, up 15% in the last month.

Yet, some analysts are significantly bullish on where Ethereum could be headed in the upcoming market cycle.

In a breakdown on TheStreet, prominent analyst Austin Arnold said, The largest asset manager in the world, BlackRock, is now backing both Bitcoin and Ethereum, suggesting this is of monumental importance for the assets future.

He then considered BlackRocks assets under management (AUM), how much it may allocate to the ETH ETF, and how this could impact the assets market cap.

Arnold then discussed a bull case following the ETF approval, contemplating Ethereum could climb to highs of $41,000. However, he stated, I do not see Ethereum getting that far.

Instead, the analyst sees a more realistic prediction being $28,000, or $10,000.

Whether its $28,000, $45,000, $10,000, Id be happy with anything, but Im a long-term holder, Arnold concluded.

One of the factors that he highlighted was the difference in Bitcoins and Ethereums structure, tokenomics, and utility. He explained, Ones digital gold, its aiming to be a store of value. While Ethereum is like digital oil, used to power a global, decentralized supercomputer, build apps. Just like a car needs gasoline to be able to run, Ethereum is the gas that makes the system work.

The analyst also referenced Ethereums burn mechanism, which makes the token deflationary by destroying a small part of each transaction fee. Coupled with the incoming ETF liquidity inflows, Arnold believes this could significantly bolster its price.

However, he understands there is a ceiling to how far it can go in the next market cycle. $10,000 ETH is the most realistic scenario, he said.

This represents less than a 5x gain from its current price. While this is a significant return for those with large portfolios, it is unlikely to render sufficient returns for those with limited financial resources.

One alternative with a lot of upside potential is Bitcoin ETF Token, a new trending presale that has raised over $2.1 million in three weeks amid the BlackRock hype.

Bitcoin ETF Token is a compelling new project that rewards holders in line with key Bitcoin ETF milestones.

The project has allocated 25% of its total supply to be burned as Bitcoin ETFs reach five main targets, creating a sense of scarcity and fear of missing out (FOMO) when the hype is highest.

It also features a 5% burn tax on transactions, reducing by 1% at each milestone. This incentivizes people to hold longer and ensures explosive price action following the projects IEO.

These factors make Bitcoin ETF Token deflationary, introducing the scarcity principle into the project, which has been a key driver for Bitcoins parabolic price action since its launch in 2009.

Another exciting factor is its staking mechanism, rewarding its community and incentivizing users to lock up their tokens, further limiting the available supply.

Holders can garner a 118% staking APY, but they must be quick because this decreases as more users stake their tokens.

The project has experienced significant success lately, with top analysts providing massively bullish predictions. Jacob Bury speculates it will 10x after its launch, while Crypto Boy believes it could 100x.

Visit Bitcoin ETF Token Presale

Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

The project in the above article is not related to Bitcoin or to a Bitcoin ETF. Its a completely different token.

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Analyst Says Ethereum Price Will Hit $28K Following BlackRock ETF Approval as BTC ETF Token Presale Passes $2M - CryptoPotato

Bitcoin, the world's largest cryptocurrency, has been stealthily rising in 2023.

Chris Ratcliffe | Bloomberg | Getty Images

Bitcoin built on its recent rally and hit its highest level in more than a year on Monday, bolstered byanticipation of a bitcoin exchange-traded fund approval and bets on U.S. interest rate cuts.

The world's largest cryptocurrency surged more than 5% on Monday to a 19-month high, and was trading at $41,809 as of 4:00 pm ET after briefly topping $42,000 earlier in the day, based on Coin Metrics data. This is the first time since April 2022 that bitcoin has breached the $40,000 level, according to LSEG. Bitcoin is now up more than 150% from the start of the year.

This comes after scandals rocked the market including the collapse of crypto exchange FTX in November last year. Last month, FTX founder Bankman-Fried was found guilty of all seven criminal charges brought against him related to the collapse of his crypto empire.

"Nowthat $40,000 has been revisited for the first time in almost 19 months, $48,000 and $52,000 look to be the next significant lines in the sand," said Antoni Trenchev, co-founderofdigital asset company Nexo.

CNBC reported last week that U.S. Securities and Exchange Commission officials met with representatives from Grayscale, BlackRock and the Nasdaq. In a memo, the SEC said it met with Grayscale on Thursday about the potential conversion of theGrayscale Bitcoin Trustinto an ETF. The SEC had previously blocked this move, but Grayscale challenged thatdecision in court and won.

This boosted confidence in the market that a bitcoin ETF may eventually be approved, pushing up the price of the world's largest cryptocurrency.

"How swiftly Bitcoin marches towards $50,000 might well depend on when a spot-Bitcoin ETF is approved and even then, there's no guarantee the much anticipated nod from the SEC will put a rocket booster under the price," said Trenchev.

During a fireside chat on Dec. 1, Federal Reserve Chairman Jerome Powell said it's too early to talk about cutting interest rates right now, and the central bank will be "keeping policy restrictive" until policymakers are sure that inflation is returning solidly to 2%.

"Like most forecasters, my colleagues and I anticipate that growth in spending and output will slow over the next year, as the effects of the pandemic and the reopening fade and as restrictive monetary policy weighs on aggregate demand," he said, according to a transcript.

His comments gave rise to expectations the Fed is probably done raising interest rates for now, as the series of rate hikes since March 2022 have cut into economic activity.

Yet at the same time, Powell said it is "premature to conclude with confidence that we have achieved a sufficiently restrictive stance" and that more hikes could follow.

CNBC's Jesse Pound and Jeff Cox contributed to this report.

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Bitcoin tops $41,000 and hits 19-month high on ETF hopes, bets on Fed cuts - CNBC