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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.
First Mover Americas: Bitcoin Stays Near $17K Ahead of Jobs Report
The latest price moves in crypto markets in context for Dec. 2, 2022.
First Mover Asia: Cryptos' Short Win Streak Ends as Investors Remain Cautious
ALSO: Shaurya Malwa writes that oversubscription of an initial exchange offering at Binance underscores investors' continued interest in crypto and may offer hope for the industry's rebound.
Crypto Markets Today: CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill
Rostin Behnam made the suggestion as regulators and the crypto industry continue processing the implosion of crypto exchange giant FTX.
First Mover Americas: Crypto's November Fall
The latest price moves in crypto markets in context for Dec. 1, 2022.
First Mover Asia: Bitcoin Rises Again on US Fed Chair's Moderate Remarks
ALSO: Sam Reynolds writes that the decision by shipping giant Maersk and IBM to wind down TradeLens highlights the failure of blockchain-based transparent ledgers, which once held great promise in a range of industries.
Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce
The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday.
Bitcoin Correlation With the Dollar Index Turns Negative, Again
Asset managers reduced long positions in BTC for a third consecutive week.
Crypto's Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%
The FTT token, along with Serum's SRM and Solana's SOL, plunged amid the dramatic collapse of Sam Bankman-Fried's FTX exchange. Bitcoin had its worst loss in five months.
First Mover Asia: Bitcoin Rises Toward $17K Despite Investor Unease
ALSO: Sam Reynolds writes that most of Grayscale's digital asset trusts are trading at a deep discount, and that many other digital asset trusts that have significant assets face the same predicament.
Crypto Markets Today: Huobi’s HT Token Climbs After Exchange Discloses Airdrop
The company will send a digital token to users via Huobi Prime, its exclusive token offering platform.
