Cryptocurrency ether hit a report excessive of $3,017 on Monday, extending final week’s rally within the wake of a report that the European Funding Financial institution (EIB) may launch a digital bond sale on the ethereum blockchain community.
Ether rose 2% on the Bitstamp change to hit the milestone early in Asia commerce. It’s up greater than 300% for the yr to this point, outpacing a 95% rise within the extra common bitcoin.
Ether is the digital foreign money or token that facilitates transactions on the ethereum blockchain and it’s the second-largest cryptocurrency by market cap behind bitcoin.
Bloomberg reported on Tuesday, citing unnamed sources, that the EIB plans to concern a two-year 100-million euro digital bond.
Bitcoin hovered round $58,000 on Monday.
This story has been revealed from a wire company feed with out modifications to the textual content. Solely the headline has been modified.