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
-
Africa’s Imports of Russian Poultry Meat More Than Double in 2025
12:37
-
Coris Holding Names BCA Executive Rodrigues to Lead Cape Verde Operations
12:26
-
Ghana Inflation Slows to 3.3% as Post-Crisis Stabilization Continues
12:20
-
Murphy Oil Pins Hopes on Third Well to Advance Offshore Côte d’Ivoire Prospects
12:05
-
Afriland First Bank RDC Faces Mounting Losses and Possible Exit of Its Main Shareholder
11:35
-
Cameroon, UNHCR Explore Shift Toward Economic Integration for Refugees and Internally Displaced
11:01
-
Stakeholders Review Final Steps for CFA130.4 Bln Ebolowa-Akom II-Kribi Road Project
10:52
-
Cameroon Launches Second Agritech Innovation Challenge, Top Startups to Receive Up to CFA40 Million Each
10:41
-
Flocash and Quest launch prepaid Visa card in Zimbabwe
09:39
-
Noah, NALA launch stablecoin network to speed cross-border payments into Africa
09:38
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Russia exported 35,000 tonnes of poultry to Africa in 2025 Export value reached $51 million, more than triple year-on-year Benin, DR Congo and...
Coris Holding appoints Herminalda Rodrigues CEO of Cape Verde’s BCA Lionel Ouédraogo named deputy general manager overseeing finance and...
Murphy Oil is drilling the Bubale-1X well in offshore block CI-709. The company may move forward with development around the Paon prospect if the well...
MTN and UNHCR signed a multi-year agreement to expand telecom access for refugees. The program will begin in Rwanda, Uganda, and South Sudan. It aims...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...
March is marked by festivals, conferences, workshops and other events celebrating women. In March 2026, a film program is dedicated to female directors...