Representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. — Reuters picSINGAPORE, May 3 — Cryptocurrency ether hit a record high of US$3,017 today, extending last week’s rally in the wake of a report that the European Investment Bank 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.
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