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PCCW Ltd is a Hong Kong-based company engaged in the businesses of telecommunications, media, information technology solutions, property development and investment, and others. Its operating segments are HKT Limited (HKT), Media Business, and Solutions Business. The entity derives key revenue from the HKT segment, which includes the provision of telecommunications and related services such as local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sales, outsourcing, consulting, and contact centers. The company operates in Hong Kong, Mainland and other parts of China, Singapore and other countries, of which maximum revenue is derived from the operations in Hong Kong.

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The token of EOS (EOS), a decentralized applications, or DApp, centered platform aimed at developers, traded nearly 50% higher on Tuesday night.

What Happened: EOS traded 48.43% higher at $13.82 at press time and is up 107.11% in a seven-day trailing period.

What&#39;s Going On With EOS Cryptocurrency?

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The token of EOS (EOS), a decentralized applications,&nbsp;or DApp, centered platform aimed at developers, traded nearly 50% higher on Tuesday night.

What Happened: EOS traded 48.43% higher at $13.82 at press time and is up 107.11% in a seven-day trailing period.

See Also: <a href="https://www.benzinga.com/money/how-to-buy-eos/" style="text-decoration-line:none">How to Buy EOS (EOS)</a>

EOS saw the most gains in a 24-hour period among the list of cryptocurrencies arranged by CoinMarketCap.

Other significant gainers in the period included yearn.finance (YFI) and Polygon (MATIC), both of which shot up 45.71% and 24.05% and were trading at $88,347.95 and $1.07 respectively. In comparison, <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment/" style="text-decoration-line:none">Bitcoin</a> (BTC) traded 3% higher at $57,238.81.

Block.one, the company associated with EOS, announced the launch of Bullish Global &mdash; a new cryptocurrency exchange, as per a statement.

Why It Matters: Block.one said it will utilize EOSIO and EOS Public Blockchain to &ldquo;produce a cryptographically validated, provable, and immutable audit trail of all transactions processed on the Bullish platform.&rdquo;

The statement said that Bullish Global has been capitalized with $10 billion in cash and digital assets, which includes $100 million, 164,000 BTC and 20 million EOS through the completion of an additional $300 million strategic investment round.

Investors in the new cryptocurrency exchange include PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) co-founder Peter Thiel, Hong Kong billionaire and Chairman of PCCW Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PCCWY#OTC">PCCWY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PCWLF#OTC">PCWLF</a>) Richard Li and Nomura Holdings, Inc&rsquo;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMR#NYSE">NMR</a>) investment bank unit.&nbsp;

Lately, Ethereum (ETH), which is known for its DApp capabilities, hit a series of all-time highs, the latest on May 10 when it touched $4,197.47. ETH traded 8.25% higher at $4,182.57.

Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21028652/whats-driving-the-ethereum-rally" style="text-decoration-line:none">What&#39;s Driving The Ethereum Rally?</a>

What's Going On With EOS Cryptocurrency?

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