ETH jumps above $4,000, new record
Monday, 10 May 2021 14:28
Cryptocurrency Ether (ETH), which operates the Ethereum blockchain reached a new record, jumping above $4,000 this Monday morning. From $3,056 last week, the cryptocurrency is now $4,100.
This upward trend that started weeks ago can be linked to the growing interest of big institutions in cryptocurrencies. A report from Coinshares last week revealed that institutional investors pumped more than $30 billion in ETH by the end of April 2021. A few days earlier, reports revealed that the European Investment Bank (EIB) has used the Ethereum blockchain to issue digital bonds worth €100 million.
The blockchain is planning an update to Ether 2.0 that will fix the major bugs of the current version and make it faster and more efficient. "The current all-time high has reignited the ambitious sentiment that ethereum may eventually flippen (supplant) bitcoin by market capitalization shortly," said Konstantin Anissimov, Executive Director at cryptocurrency exchange CEX.IO.
Louis-Nino Kansoun
Live News
-
Yaoundé Dialogue Reframes Migration as Economic System, Puts Youth at the Centre
19:12
-
Cameroon Awards five Oil Blocks, four Remain Unawarded in Latest Round
18:32
-
Uranium: Lotus Advances Toward Production in Botswana as Orano Moves In
15:57
-
DRC Tightens Grip on Mining Export Revenue With 30-Day Audit
15:55
-
Cameroon's Sosucam Boosts Sugar Capacity With $4.5 Million Nkoteng Plant
15:53
-
Togo plans tighter checks, digital tools to tackle uninsured vehicles
06:02
-
Spiro Partners Yango Operator to Roll Out Electric Motorbikes in Douala
05:56
-
Lacs 1 municipality reviews 2025 accounts, posts 9.5 mln CFA franc deficit
05:53
-
Douala Partners Huawei to Advance Digital Transformation Plans
05:46
-
Togo lists 168 licensed architects in latest official registry
05:33
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Cameroon awards five oil blocks to Murphy Oil and Octavia Four of nine blocks unassigned, reflecting cautious investor interest Deals enter...
Lotus Resources announced on Wednesday, April 29, the successful completion of the first phase of a drilling program at its Letlhakane uranium project...
President Félix Tshisekedi ordered the launch, within 30 days, of an audit covering the entire mining revenue chain, from physical shipments to...
Société sucrière du Cameroun (Sosucam), a subsidiary of France's Castel group, invested 2.5 billion FCFA (about $4.5 million) in a new sugar...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....