Monday, January 8, 2018
Ethereum hits new record high as price surge continues
- Ethereum cleared $1,000 for the first time on Friday.
- The digital currency cleared $1,200 for the first time in early trade on Monday to reach a new all-time high.
- It has since given up some of its gains and is up 6.8% against the dollar to $1,191 at the time of writing.
LONDON — Ethereum's recent surge is continuing on Monday, with the cryptocurrency close to its all-time high.
Ethereum, the second biggest cryptocurrency after bitcoin, crossed $1,000 per coin for the first time on Friday. Gains continued over the weekend and ethereum cleared $1,200 per coin in the early hours of Monday morning. It hit an all-time high of $1,261.41 at 4.40 a.m. UTC/GMT (11.40 p.m. ET).
The digital currency, which was worth just $10 at the start of 2017, has since given up some of its gains but is still trading higher on the day.
Ethereum is up 6.8% against the dollar to $1,191.96 at the time of writing (7.55 a.m. GMT/2.55 a.m. ET):Markets Insider
The immediate spur for the recent rally was a fourth quarter report on the performance of ethereum, which is a decentralized network for people to run contracts on. Transactions volume on its network doubled, according to a blog post, "surpassing 10 transactions per second for days at a time."
Ethereum's recent rally means the cryptocurrency now has a market capitalisation of $118 billion, according to data provider CoinMarketCap.com. That equates to 15% of the entire cryptocurrency market.
Elsewhere in the cryptocurrency markets, bitcoin is down 1.8% against the dollar to $15,875.17 at the time of writing and litecoin is down 2.4% to $264.19.
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Thursday, January 4, 2018
Elon Musk pitched Trump on SpaceX's mission to colonize other planets
- SpaceX CEO Elon Musk sought to pique Donald Trump's interest in space colonization shortly after he was elected.
- Musk has previously asserted that mortals need to leave Earth in order to preserve humanity.
- He was one of several tech titans who courted Trump early on, according to an excerpt from the revealing book, "Fire and Fury: Inside the Trump White House," by journalist Michael Wolff.
SpaceX CEO Elon Musk was interested in getting a newly elected President Donald Trump on board with his company's mission to explore other planets, according to an excerpt from a new book on the Trump administration that has dominated headlines this week.
Among the many claims made in Michael Wolff's "Fire and Fury: Inside the Trump White House," one passage described a scene at Trump Tower where then-president-elect Trump was taking meetings with tech titans like the Amazon CEO Jeff Bezos, and SpaceX and Tesla CEO Elon Musk.
According to the excerpt, Musk had sought to get Trump interested in SpaceX's "race to Mars," ostensibly an effort to keep his company front-of-mind in the broad scope of national space exploration.
In response to the excerpt, a SpaceX spokesperson emphasized to Business Insider on Thursday night that Musk is focused on "making humans multi-planetary," a goal that Musk has been vocal about in the past. Last month he said it was "high time that humanity went beyond Earth."
"Should have a moon base by now and sent astronauts to Mars," Musk wrote in a December 13 tweet. "The future needs to inspire."
Trump has previously expressed interest in jump-starting the national space program. He signed the NASA Transition Authorization Act in March last year, a law calling for a $19.5 billion yearly budget for NASA.
The law also requests that the space agency put together a plan to get humans to Mars by 2033.