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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 

  ETHEREUM AND THE BROADER CRYPTO MARKET JUMPED AFTER THE LATEST CPI REPORT INDICATED THAT INFLATION IS COOLING. Ether (ETH) rallied 6.3% to $1,350, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics. The market’s largest two cryptocurrencies in Bitcoin and Ethereum have both enjoyed mild gains on the heels of the latest Consumer Price Index (CPI) report. Insofar as these figures report on the extent of inflation in the American economy, the Federal Reserve usually reacts by raising or lowering interest rates. READ MORE

  CARDANO FOUNDER SAYS SEC VS. RIPPLE RESOLUTION FOR CRYPTO Cardano’s price rose 3.29% at $0.38616 on Tuesday.  Cardano (ADA) creator and Ethereum (ETH) co-founder Charles Hoskinson claims that he detected “rumors” concerning the safety and Exchange Commission (SEC) vs Ripple case can public conclude on Dec. 15, with unfortunate consequences for the crypto business. During a “surprise” solicit from me something (AMA) session streamed on Dec. 11, Hoskinson same that he had “rumors that the Ripple case is settled Gregorian calendar month fifteen, which might have ruinous implications for the business a method or the opposite.”  He prompts that the cryptocurrency house might attempt to create its stand against the regulator’s decision: The report follows Ripple Labs filing its final submission in its current legal battle against the U.S. Securities and Exchange Commission. The legal battle — which started at the tip of 2020 — was initiated by the regulator WHO argued that Ri...