Siemens Issues World’s First Blockchain Bond

Siemens, a German multinational firm that is a leader in the fields of engineering and technology, is one of the first companies in Germany to issue a digital bond on a public blockchain. Because of this achievement, Siemens is now able to count itself among an exclusive club of enterprises in Germany. It has a value of sixty million euros (or sixty-four million dollars), a maturity date of one year, and a maturity date, all in accordance with Germany’s Electronic Securities Act.

According to the announcement that was released on the 14th of February, the bond was issued directly to investors such as DekaBank, DZ Bank, and Union Investment without the need of paper-based international certificates or central clearing. When compared to the traditional methods of issuing bonds, Siemens commented that the approach made it possible for transactions to be carried out substantially more rapidly and effectively.

In the announcement, Siemens put a significant amount of emphasis on the benefits of employing digital bonds as compared to traditional bond-issuing methods. The company asserts that “issuing the bond on a blockchain delivers a lot of benefits” as contrasted to the procedures that came before it. Two examples of items that will become unnecessary as a consequence of this change are paper-based international certifications and central clearance. In addition to this, the bond may be issued to investors on a one-on-one basis without the need for an intermediary financial institution such as a bank to be present during the transaction.

Despite the fact that the transaction was carried out using conventional modes of payment rather than the digital euro at the time of the transaction since the digital euro was not yet available, it was nonetheless completed in only two days. Siemens has set itself the lofty objective of being the industry leader in the ongoing process of creating digital solutions for the capital and securities markets. This is a very ambitious target.


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BitMEX to Launch BMEX Token Trading on Friday

Crypto exchange Bitmex has announced it will launch the trade of its BMEX token on 11 November. 


As the company aims to regain market share in the derivatives space, Bitmex stated that the token would be used to reward users of its platform. The rewards will be allocated via trading fee discounts, withdrawal fee waivers, improved staking rewards, and access to new products and services on the Bitmex platform.

The token’s launch was initially announced in December of last year, and users started being airdropped with the BMEX tokens in February. According to the exchange, millions of tokens have been airdropped to over 80,000 traders since February. 

Just like other exchange tokens, such as BNB of the Binance exchange and FTT of the FTX exchange, the BMEX token is the digital currency issued by the Bitmex exchange. 

Though the BMEX tokens were expected to have launched earlier in June, the exchange chose to delay the launch citing unsatisfactory market conditions. However, Bitmex’s chief marketing officer Benjamin Usinger, later revealed that now is the right time to launch the token, and the exchange would like to contribute to growth in liquidity and revitalize the crypto markets. 

Bitmex will begin trading the BMEX token on Friday by first listing the BMEX/USDT pair on its recently launched spot exchange and then launching two new perpetual swaps — BMEXUSDT and BMEXUSD — on its derivatives platform.

While the exchange is preparing for the launch of its token, the company doesn’t still seem to be comfortable with the state of the market. Earlier this month, Bitmex decided to reduce its number of employees as part of a strategy to move away from the company’s “beyond derivatives” model.

“We are pivoting from our Beyond Derivatives strategy and will return much of our focus aiming at providing the crypto derivatives trading experience people will turn to,” stated Bitmex. The company added, “We are going to refocus on liquidity, latencies, and a vibrant derivatives community, including BMEX Token trading.”

Image source: Shutterstock


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Goldman Sachs to Launch Data Service to Classify Digital Assets

Investment bank and Financial service firm Goldman Sachs has revealed it is set to release a data service to classify hundreds of digital coins and tokens so institutional investors can comprehend the rapidly growing digital asset class.


Created in collaboration with global index provider MSCI and crypto data firm Coinmetrics, the data service is called Datanomy. The name was derived from the combination of data and taxonomy –  a branch of science focused on naming and classifying the natural world.

Datanomy is created to address the issue of many digital assets not being classified into their respective sectors. As the digital asset ecosystem has been expanding over the years, it could appear overwhelming to grasp if not familiar with the various sectors of the expansion.

Coin Metrics CEO Tim Rice said large asset managers wanted an “adult framework” to understand digital assets better and invariably discuss them.

Rice added,

“We’ve organized it in an intuitive manner that should help asset managers come into this asset class in a much more standardized fashion.This is the next phase of getting the underpinnings of the industry lined up so that everybody can embrace it, and we can figure out what the next directional move in the market is.”

Users can access Datanomy either as a subscription-based data feed or via Marquee – a platform by Goldman Sachs used as a digital storefront for institutional investors.

In addition, Datanomy provides users with analysis and research, as well as benchmarking performance, managing portfolios, or creating investment products depending on the sectors that include decentralized finance, smart contract platforms, metaverse, or value transfer coins.

Anne Marie Darling, head of the client strategy for Goldman’s Marquee platform, noted,

“We’re trying to create a framework for the digital asset ecosystem that our clients can understand because they increasingly need to think about performance tracking and risk management in digital assets.”

Digital assets on Datanomy would be divided into classes, sectors, and sub-sectors based on the usage of the tokens or coins. According to Darling, this will enable asset management firms and money managers at hedge funds to familiarize crypto with how equities can be debatable as industry sectors like finance or technology or themes like growth versus value stocks.

Notably, Datanomy is just one of the products Goldman Sachs has launched in recent times to achieve its expansion goal beyond Bitcoin-focused products in the crypto market. In June, the investment bank launched an Ethereum-linked derivative product to offer institutional investors indirect exposure to the cryptocurrency market.

Image source: Shutterstock


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Renewed interest in the Metaverse sends Decentraland (MANA) price 75% higher

The influence of blockchain technology on the ongoing digital revolution cannot be overstated as the rise of the Metaverse and the integration of virtual reality is transforming the way humans interact on a global scale. 

One project that is beginning to gain traction in its effort to bridge the old world with the new is Decentraland (MANA), a virtual reality (VR) ecosystem built on the Ethereum network that allows users to create, engage with and monetize digital content through a variety of interactive experiences.

Data from Cointelegraph Markets Pro and TradingView shows that over the past two weeks, the price of MANA has climbed 70% from a low of $1.70 on Jan. 22 to a daily high of $2.90 on Feb. 1 as the wider crypto market struggled under bearish pressure.

MANA/USDT 1-day chart. Source: TradingView

Three reasons indicating a positive future for the Decentraland ecosystem include the integration of real-world companies into its virtual landscape, a growing ecosystem of celebrities and influencers that are building on the protocol and improvements to the user interface that help improve the overall users experience.

Merging physical and virtual worlds

“If you build it, they will come,” is a well-known phrase from the movie Field of Dreams and it appears as though the old adage has begun to work for Decentraland as its not just everyday users, but established, globally recognized brands that are laying claim to virtual real estate.

As nonfungible tokens (NFTs) exploded in popularity in 2021, some of the digital collectibles found their way into auctions at established auction houses like Sotheby’s where they fetched multi-million dollar bids.

Sotheby’s has now become a fixture in the digital crypto ecosystem by establishing a virtual auction house in Decentraland where they continue to break down the barrier between the physical and the digital world.

And it’s not just auction houses that are buying up virtual land, businesses from various sectors are following the trend to remain relevant with the younger generations as the Metaverse becomes a reality.

Celebrities and influencers embrace the Metaverse

Another reason to be bullish on the future of virtual land projects like Decentraland is the adoption of celebrities and influencers who are looking to establish their brands in VR.

As well-known artists and creators build out their presence in the virtual world, their fan base will be increasingly exposed to the possibilities of blockchain technology and VR which has the potential to usher in a new wave of adoption.

Proof of this comes from events like the Metaverse fashion week in Decentraland which attracted the attention of companies like Vogue Magazine for its ability to showcase the latest trends in fashion to audiences around the world.

Related: Rise of Web3: Metaverse tokens surge as Meta’s share price plunges

The “user experience” continues to improve

A third factor helping to attract users to Decentraland is improvements to the user experience  and and increasing number of cross platform integrations.

The protocol has also added a ‘My Store’ section that allows all users to manage and track their collection and build their personal brand.

According to the most recent update from the developers behind the project, some of the future updates for 2022 include the release of a desktop client, social and voice chat improvements, linked NFTs as wearables, tokenized emotes, smart wearables and a mobile app prototype VR client.”

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for MANA on Jan. 22, prior to the recent price rise.

Data from Cointelegraph Markets Pro is also painting a bullish picture for MANA.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. MANA price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for MANA hit a high of 81 on Jan. 22, around one hour before the price increased 70% over the next two weeks.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.