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Ether, the second biggest crypto asset after bitcoin, hit its previous all-time high of US$1 400 this month and is trading at 130 times its price of four years ago. Astonishingly, the rally may be far from over.

Google parent Alphabet is shutting down its Internet balloon business, Loon, which aimed to provide a less expensive alternative to cellphone towers, saying on Thursday that it was not commercially viable.