Main navigation

First Ethereum Bond by Banco Santander Gets Settled as Crypto Trader Becomes ETH-Bullish

Tue, 10/12/2019 - 12:33
First Ethereum Bond by Banco Santander Gets Settled as Crypto Trader Becomes ETH-Bullish
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The Whale Alert Twitter account has reported a quarterly payout of $99,000 on the first blockchain bond launched by the Santander banking group on the Ethereum ledger back in September.

In the comment thread, some users now say they expect the ETH price to spike.

The first Ethereum-based bond from Santander

The Banco Santander press release from September 12 says:

“The bank issued the bond directly onto the blockchain and the bond will also continue to exist only on the blockchain: a first step towards a potential secondary market for mainstream security tokens in the future.”

“The goal for Santander CIB is to engage with our most innovative clients as we move from the project stage to product development.”

The issued bond is worth $20 mln and one of the banking group’s units purchased it. It was settled via Ethereum as well via tokenized cash.

Whale Alert reports the first quarterly payout

The Twitter bot that follows large transactions on various blockchains has published the data on this particular payment made in three parts, providing links to Etherscan.

One of the users in the comment thread has assumed that the price of ETH should surge after this.

Scam Alert: How Ethereum’s Istanbul Hard Fork is Used to Steal Your ETH

Crypto traders going bullish on ETH

A crypto trader @TheCryptomist writes that the ETH price has been in the Falling Wedge pattern for three days now. After staying in this pattern, an asset price is often likely to make a bullish reversal.

The Cryptomist sees only one opportunity for bears to take over, however, she is inclined to be ETH-bullish.

There is another major factor for Ethereum that makes many believe in its bullish movement at least in the long-term – on December 8, the Istanbul hard fork took place, which promises to solve scalability issues and make the blockchain ditch the Proof-of Work algorithm for the Proof-of-Stake one.

Another trader made a bullish forecast on ETH, saying that in summer 2020 the price may hit $423.


Latest Press Releases

Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
Our social media
There's a lot to see there, too

Popular articles