JP Morgan launches bitcoin fund; Uruguay mulls letting businesses accept cryptos
Author: One Carlo Diaz
article author: One Carlo Diaz
& Rayana AlqubaliID: 1628196547566918800Thu, 2021-08-05 23:49
DUBAI, RIYADH: The second-largest cryptocurrency after bitcoin, Ethereum, recorded gains early on Thursday as investors anticipate a major upgrade that is aimed to improve and optimize the digital currency.
Its price was up by around 8 percent over the last 24 hours, according to Forbes.
Ether traded at $2,687.71 at 5 p.m. Riyadh time on Thursday, according to data from Coindesk.
Bitcoin traded lower, falling by 2.78 percent to $38,035.85.Main category: Business & EconomyTags: JP Morgan
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