RATE Group | Bitcoin price: ‘EXCITING steps’ await crypto world as World Bank sets sight on blockchai…
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Bitcoin price: ‘EXCITING steps’ await crypto world as World Bank sets sight on blockchai…

15 Aug Bitcoin price: ‘EXCITING steps’ await crypto world as World Bank sets sight on blockchai…

Posted at 15:03h in Bitcoin News by

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eToro senior analyst Mati Greenspan said the announcement of a new blockchain venture between the World Bank and the Commonwealth Bank of Australia (CBA) bodes well for the integration of cryptocurrencies in the traditional financial world.

The World Bank teamed up with the CBA to launch the world’s first blockchain bond, with plans to issue it on Ethereum.

Mr Greenspan said: “This is an exciting step towards the integration of blockchain technology into traditional finance.

“It’s nice to see such a reputable institution such as the World Bank using a private Ethereum network to monitor their new bond. However, we’re really just scratching the surface with this one.”

Bitcoin and other cryptocurrencies have made small gains this morning after a dismal week of losses.

Bitcoin has jumped up more than $300, increasing by 5.23 percent to trade for $6,400.17 while Ethereum gained 5.56 percent to sell for $286.62, while Ripple jumped 8.32 percent to trade for $0.2895.

Despite the…

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