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  BANK OF CHINA’S INVESTMENT BANK SUBSIDIARY BOCI BREAKS GROUND WITH $28 MILLION DIGITAL STRUCTURED NOTES ON ETHEREUM BLOCKCHAIN . Bank of China’s investment bank subsidiary, BOCI, made a groundbreaking announcement on June 12th, stating that it will issue 200 million Chinese yuan (approximately $28 million) worth of digitally structured notes on the Ethereum blockchain. This move marks a significant milestone for BOCI as it becomes the first Chinese financial institution to issue a tokenized security in Hong Kong. The issuance was facilitated with the assistance of UBS, a prominent investment banking company, which played a crucial role in originating the product for placement to its client base in the Asia-Pacific region. Ying Wang, the deputy CEO of BOCI, expressed her enthusiasm regarding the development, highlighting the increasing adoption of tokenization across various financial instruments. She revealed that UBS has been actively involved in expanding its tokenization effor...

  Ethereum price   is down over 8 and trading below$,450 against the US Bone. ETH remains at threat of a larger decline towards$,350 in the near term.   Ethereum started a major decline from the$,565 resistance zone.  The price is trading below$,500, and the 100 hourly simples moving normally.  There’s a short-term constricting triangle forming with resistance near$,425 on the hourly map of ETH/ USD (data feed via Kraken).  The brace could correct advance if there’s a move above the$,450 resistance zone.  Ethereum Price Dives Over 8 Ethereum price failed to clear the$,560 and$,565 resistance situations. ETH formed a high near$,565 and started a major decline, analogous to bitcoin.   There was a sharp move below the$,500 support zone. ETHEREUM PRICE FACES RESISTANCE READ FULL ARTICLE HERE