Chinese banking giant withdraws $ 3 billion in blockchain bond listing

The $ 3 billion blockchain bond was officially withdrawn.

China Construction Bank’s $ 3 billion blockchain bond is said to have been withdrawn after an initial delay

The Fusang Exchange, a Malaysian cryptocurrency exchange that was supposed to list the bond, announced that the bond had been withdrawn at the request of the issuer.

Reuters reported on November 23 that the Labuan CCB subsidiary informed the Fusang Exchange on November 20 that the bond issue would not take place.

The blockchain bond should be from Longbond Ltd. issued.

This is a special platform that was opened exclusively for the issuance of digital bonds and the payment of the proceeds at the CCB Labuan

Am 13. November, als die Anleihe gehandelt werden sollte, gab die Börse Fusang Exchange offiziell bekannt, dass die Blockchain-Anleihe im Wert von 3 Mrd. US-Dollar „auf Wunsch des Emittenten“ verschoben wurde. Dem jüngsten Bericht zufolge erhielt die Fusang Exchange einen Brief von CCB Labuan im Namen von Longbond, in dem die Notierung verschoben wurde.

Wie bereits berichtet, plante die CCB, eine der größten Banken der Welt, mit der Anleihe bis zu 3 Mrd. US-Dollar aufzubringen. Zu Beginn war eine erste Tranche von 58 Mio. US-Dollar geplant.

Initial reports indicated that interested buyers could swap Bitcoin ( BTC ) and other cryptocurrencies for the bond as the bond would be tokenized and traded on a cryptocurrency exchange. This claim has been denied by the CCB.

Fundamental analysis in cryptanalysis

Fundamental analysis is one of the keys to success in the financial markets, and cryptomontages are no exception. Here are some useful tips.

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Fundamental analysis is a methodology used to attempt to predict the medium- and long-term behaviour of a specific asset. When it comes to cryptomonies, certain issues have to be taken into consideration to make the analysis as accurate as possible.

One of these questions is the fact that cryptomonies are born from specific technological projects and therefore we can define, according to certain parameters, if the cryptomonies at some point are undervalued and therefore their price will tend to rise in the future, or if not they are overvalued and will tend to devalue over time.

From what approach should fundamental analysis in cryptomonics be taken?
There are two approaches to fundamental analysis which seek to make accurate predictions by segmenting information into strata which can range from macro to micro or from micro to macro.

Top-Down Approach

In the first approach, known as Top Down, the macroeconomic aspects are first analysed, i.e. the state of the world economy and the different factors affecting it.

In a second stage, the economic situation of the company’s country of origin and the countries in which it is present are analysed. In the case of Bitcoin, for example, which has a strong presence in Asian countries, the economic aspects of these countries greatly affect its behaviour. Finally, the company as such, its actions and finally the most promising sectors are analysed to find the best options for investment.

Buttom-up approach

Depending on your preferences, this might be a better approach to investing in Bitcoin. This approach seeks to do the exact opposite of the previous approach. In this case, you prioritise asset-specific research, then scale up to the economic situation of the country where it is located, and finally the state of the world economy and how the latter might affect the behaviour of the cryptomoney.

What tools do you use in the fundamental analysis of cryptomon currencies?
In the fundamental analysis it is possible to use different tools, which will give you certain clues that you can use to finally predict which movements the value of the asset is likely to show, and you will be able to define in which cryptomone currency you should invest.

You can use the periodic financial statements, financial ratios, the valuation of the companies that issue the asset, economic forecasts, general economic information, that is to say, important news and events and basically any information that is capable of modifying the value of the asset and, therefore, that can be decisive for the path you will choose in the investment.

The fundamental analysis in the cryptomonies is a good technique to make holding, since it allows to estimate prices in the long term, for example, for three months or for a year, since it takes different factors that could lead the asset to a determined price.

In any case, checking events with historical technical analysis can help to verify whether there are similar precedents that have triggered specific reactions in the value of an asset. However, this is not 100% effective, especially with cryptomonies that have greater volatility and the tendency to create value bubbles.