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
-
Togo: IFAD Steps Up Support for PRIMA, New Investments Expected in 2026
18:10
-
Togo’s CNSS to begin proof-of-life checks on May 4, 2026
18:06
-
Togo, Kyrgyzstan discuss investment opportunities
17:58
-
IFC, Standard Chartered Plc Agree on $300 Million Africa Risk-Sharing Facility
17:53
-
EBRD, EIB Back $41.5 Million Waste Reform Program in Benin
17:52
-
Burkina Faso Turns to Russia to Strengthen Local Digital Skills
17:29
-
Benin Opens Simulation Center to Upgrade Pharmacy Training
17:25
-
Senegal sets up committee to oversee Air Sénégal, airport company restructuring
17:17
-
Madagascar Secures $200 Million World Bank Financing for Transport Infrastructure Upgrade
17:01
-
Gamride Targets Transparency in Ride-Hailing With Negotiated Fares
14:49
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...
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 ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Both partners target to expand supply chain finance across eight African markets with the deal $1.9 billion deal flow is expected to occurred over...
EBRD provides a €35.5 million ($41.5 million) sovereign loan to SGDS to modernize waste management in Greater Nokoué. Project targets over...
Reforms target refinancing, cost cuts, governance improvements Plans include new regional subsidiary, potential private investment Senegal on...
Project targets rail, ports, airports to improve connectivity Aims to ease logistics, benefit 3.8 million people The World Bank announced on...
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....