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Crypto Flipsider News – April 29th – Germany, SEC, Chia, Ethereum, European Investment Bank

After the celebrity parade happened yesterday, we returned to the usual seriousness of the crypto world. The flipsider stayed very happy. Moreover, today we got breaking news from Germany. It’s the country of people with a meticulous mindset, so is our flipsider.

Read in the digest:

  • European Investment Bank issues a bond on Ethereum
  • Germany allows 4000 Spezialfonds to invest in crypto assets
  • SEC takes more time to approve VanEck Bitcoin ETF application
  • “Green” Bitcoin is gaining momentum
  • One of the most expensive collectible cards was bought with Litecoin

European Investment Bank Issues Two-Year Digital Bond on ETH Blockchain

After ETH reached a new highest point, EIB plans to offer a digital bond on the Ethereum blockchain. The inaugural sale will reach 100 million euros ($121 million).

Flipsider:

  • Yes, and Ethereum killers are increasing as well because the ETH network still has high gas fees.

Germany Established New Legislation Enabling 4000 Spezialfonds to Invest in Crypto Assets

To be precise, 4000 existing institutional investment funds will now be eligible to invest in cryptocurrency. This means that hypothetically around €1.2 trillion ($1.8 trillion) can be invested in Bitcoin or any other digital currency.

Flipsider:

  • Oppositely, the other German institution issues a concern about Binance’s stock tokens offering. Germany’s Federal Financial Supervisory Authority, or BaFin, suspects the biggest crypto exchange, Binance, in violation of the country’s securities laws because of its recently announced stock tokens service.
  • So, Germany takes steps in crypto implementation, but their regulations are quite strict.

SEC Took More Time to Make a Decision on the Approval of the VanEck Bitcoin ETF Application

SEC put on wait-list VanEck’s proposed Bitcoin exchange-traded fund (ETF). Its adoption will allow financial institutions and retailers to trade in crypto without investing in it directly.

Flipsider:

  • Oppositely, the other German institution issues a concern about Binance’s stock tokens offering. Germany’s Federal Financial Supervisory Authority, or BaFin, suspects the biggest crypto exchange, Binance, in violation of the country’s securities laws because of its recently announced stock tokens service.
  • So, Germany takes steps in crypto implementation, but their regulations are quite strict.

Green Bitcoin is Gaining Momentum

Chia Network, a US-based start-up from San Francisco, created to design an eco-friendlier blockchain, launched pre-sales in China. Now, the price of Chia is around $200-300.

Flipsider:

  • Still, their pre-mining regulation standards do not match Bitcoin’s initial values of decentralization.

A “Holy Grail” of the Collecting Industry Was Purchased on Goldin Auctions with Litecoin for $1.68 Million

Someone just bought the 2000 Playoff Contenders #144 Tom Brady card using crypto, on Goldin Auctions through a partnership with Gemini.

Flipsider:

  • Sometimes, the NFT hype subsides, and real collectibles return. Check our article about this.

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    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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