Report says Cryptocurrency Ethereum’s Value Reaches a New Summit

Ethereum is the world's second-largest market capitalization cryptocurrency behind Bitcoin which recently has hit new values. Some news sources say that a 'digital bond' is planned for sale in the Etherum blockchain network by the European Investment Bank. The digital currency that makes transactions on an ethereal blockchain, Ethernum or also called Ether. Ethereum value on Wednesday hit a historic $2,713.95, an improvement of 5% from the day before.

The EIB has proposed, according to a Paper of Bloomberg, the issuance by Goldman Sachs, Banco Santander, and Société Generale of a two-year EUR 100 million digital bonds.

Danny Kim said, SFOX's head of revenue (a full-service crypto broker),

The volume of ethereum on the trade is still falling and was the lowest last year. There is less risk of a major sale and less stock on the exchange available.

Ethereum is also a trader and uses these tokens to buy virtual arts or land on sites like SuperRare and Decentraland in the form of non-fungible tokens (NFTs).

Many digital currencies were recently boosted on the stock market by the news that JPMorgan Chase (JPM.N) plans to have a regulated bitcoin investment. This week, with over $1 trillion in market capitalization, Bitcoin, the world's biggest cryptocurrency recovered the $50,000 level in value.

However, cryptos also experienced a decrease after US President Joe Biden shared his intentions to charge capital gains taxes, which might put an end to blockchain investments.