On Monday, the cryptocurrency Ether (ETH) hit an all-time high of US$3,017 (approximately 220,000 rupees), continuing last week’s gains, after previous reports that the European Investment Bank (EIB) may be conducted on the Ethereum blockchain network Digital bond sales.
Ether rose 2% on the Bitstamp exchange, reaching an early milestone in Asian trading. So far, it has risen by more than 300% so far, surpassing the 95% growth of the more popular Bitcoin.
Ether is a digital currency or token that facilitates transactions on the Ethereum blockchain. It is the second largest cryptocurrency after Bitcoin in terms of market value.
Bloomberg reported on Tuesday, citing unnamed sources, that the European Investment Bank plans to issue a two-year digital bond of 100 million euros.
On Monday, Bitcoin hovered around $58,000 (approximately 4.3 million rupees).
In related news, Ethereum co-founder Vitalik Buterin recently donated 100 ETH and 100 MKR, valued at approximately US$606,110 (approximately Rs 450 crore) for COVID-19 relief in India. Ethereum is an open source blockchain software established in 2014, used to establish contracts on the blockchain. Due to its use in the production and transfer of non-fungible tokens (NFT) (digital collectibles), recently A lot of attention in the news can be uniquely identified and held by individuals.
Australian cricketer Brett Lee also donated 1 bitcoin (approximately 400,000 rupees) to the cryptocurrency rescue fund to help his “second hometown” India ensure the oxygen supply of the hospital and win cooperation with The second wave of COVID-19 fights the pandemic fiercely. India records nearly 4,00,000 COVID-19 cases every day, which has extended the country’s medical infrastructure to the limit.