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Move Over Bitcoin, Ether is the digital currency of the moment

New digital money, Ether, has risen an eye-popping 4,500 per cent since the beginning of the year

Nathaniel Popper | NYT 

The price of Bitcoin has hit record highs in recent months, more than doubling in price since the start of the year. Despite these gains, Bitcoin is on the verge of losing its position as the dominant virtual currency. The value of Ether, the digital money that lives on an upstart network known as Ethereum, has risen an eye-popping 4,500 per cent since the beginning of the year. With the recent price increases, the outstanding units of the Ether currency were worth around $34 billion as of Monday — or 82 per cent as much as all the Bitcoin in existence. At the ...

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First Published: Tue, June 20 2017. 13:39 IST
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