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Ethereum breaks past US$3,000

A representation of virtual currency Ether is seen in this illustration. (Photo: Reuters)

SINGAPORE: Cryptocurrency Ether hit a record high of US$3,017 on Monday (May 3),

extending last week's rally (/news/business/ethereum-cryptocurrency-record-
high-report-eib-digital-bond-14709222) 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.

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► READ: Ethereum jumps to record high on report of EIB digital bond

issuance (/news/business/ethereum-cryptocurrency-record-high-
report-eib-digital-bond-14709222?
cid=h3_referral_inarticlelinks_24082018_cna)

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 last Tuesday, citing unnamed sources, that the EIB plans to
issue a two-year €100 million digital bond.
 Bitcoin hovered at around US$58,000 on Monday.

03 May 2021 10:20AM Advertisement

(Updated: 03 May 2021 10:20AM) Source:

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