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Ether
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.
Crypto Markets Today: Federal Judge Releases Bankman-Fried on $250M Bond
The bond was secured by his parent's Palo Alto house, where he was told he could stay.
First Mover Asia: Most Cryptos Stay Flat Like a Windless Lake, but a Popsicle Makes Waves.
Plus: Sam Reynolds questions the logic of calls to ban crypto, arguing that it has little chance of causing problems in traditional finance.
Crypto Markets Today: Popsicle Heats Up as Bitcoin Stays Cold
Top crypto assets hold steady as stocks get pre-holiday bounce.
Rotation Within CoinDesk Market Index Sectors Bears Similarities to TradFi Trend
Money is searching for quality in both traditional and digital assets, as investors appear to favor safety above all right now. CoinDesk Indices (CDI) data shows the Currency Select Index (CCYS), anchored by bitcoin (BTC), and the Smart Contract Platform Index (SCPX), anchored by ether (ETH), outperforming other select sectors within the CMI universe. "All About Bitcoin" host Christine Lee presents the Chart of the Day.
Paxful Removes Ether From Platform
Ray Youssef, CEO and co-founder of peer-to-peer crypto marketplace Paxful, announced ether's (ETH) removal from the platform, citing Ethereum network's switch to proof-of-stake validation from proof-of-work. "The Hash" hosts discuss the case for Bitcoin in the latest clash between altcoins.
Peer-to-Peer Crypto Marketplace Paxful Removes ETH From Platform
ETH has basically become a digital form of fiat thanks to its switch to a proof-of-stake validating mechanism, argued Youssef.
First Mover Asia: BitDAO’s $100M Token Buyback Plan Gets Mixed Reviews
Bitcoin is lethargic ahead of the new year.
Crypto Markets Today: More FTX Fallout as Traders Turn Defensive
Top assets in the crypto market hold steady.
First Mover Asia: Taiwan's Dreams of Becoming Blockchain Hub Prove Elusive
Taiwanese law makes it difficult for startups to incorporate on the island, explains a Taipei-based lawyer, meaning many locally based firms legally call another place home.
Crypto Markets Today: Binance.US to Buy Voyager Digital's Assets; Bitcoin Slides Into the Red
Top assets in the crypto market slid around 1%.
