Cryptocurrency ether hit a record high of $ 3,017 on Monday, expanding last week’s rally in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network.
SEC DECLINES BITCOIN ETF OVERVIEW, VANECK REPEATS INVESTOR BENEFIT
Ether rose 2% on the Bitstamp exchange to reach the milestone early in Asian trading. It is so far more than 300% for the year and exceeds 95% increase in the more popular bitcoin.
Ether is the digital currency or token that facilitates transactions on the ethereum blockchain, and it is the second largest cryptocurrency by market value behind bitcoin.
Bloomberg reported on Tuesday, citing unnamed sources, that the EIB plans to issue a two-year digital bond of 100 million euros. Read more
On Monday, about $ 58,000 hovered.