Ethereum soars above $600 after a group of big banks announce a new project on its blockchain
MI UBS 17.87 0.07 (0.39%) Disclaimer Get real-time UBS charts here >> Ether, the second largest cryptocurrency by market capitalization, soared past $600 a token Tuesday. Ether was trading up 20% at $616 at 10:35 a.m. ET, according to data from Markets Insider . The record comes a day after a group of banks led by UBS announced a data quality control project on Ethereum's blockchain. Ethereum's blockchain, unlike bitcoin's, can support layered on applications and facilitates so-called smart-contracts. Cryptomania is sweeping Wall Street and it's sending digital currencies to new heights. Ether , the second largest cryptocurrency by market capitalization, soared past $600 a token for the first time Tuesday. The red-hot digital currency was trading up more than 20% at $616 at 10:35 a.m. ET, according to data from Markets Insider . Across the vast market for digital coins records are being set....