Ethereum hits fresh record, eyes US$3,000 barrier
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[SINGAPORE] Cryptocurrency ether hit a record high on Monday to trade within a whisker of US$3,000, 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 hit US$2,989.95 in early Asia trade.
It is up about 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 last week on Tuesday, citing unnamed sources, that the EIB plans to issue a two-year 100-million euro digital bond.
Bitcoin traded slightly softer at US$56,396 on Monday.
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