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SINGAPORE, May 3 — Cryptocurrency ether hit a record high of US$3,017 (RM12,383.28) today, extending 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.
Ether rose 2 per cent on the Bitstamp exchange to hit the milestone early in Asia trade. It is up more than 300 per cent for the year so far, outpacing a 95 per cent rise 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 cap behind bitcoin.
Bloomberg reported on Tuesday, citing unnamed sources, that the EIB plans to issue a two-year 100-million euro digital bond.
Bitcoin hovered around US$58,000 today. — Reuters
Source: Malay Mail
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