Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of even greater use in a decentralised future financial system. Ether , the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange to $3,051.99 by lunchtime in Asia.
Tesla customers can now buy their cars with Bitcoin, company chief Elon Musk has revealed in a Tweet. Mr Musk, a well known Bitcoin enthusiast, has invested heavily in the digital currency and bought $1.5 billion worth of bitcoin last month. Bitcoin, the world’s biggest digital currency, rose more than four per cent after Musk’s tweet and was last trading at $56,429.