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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: Archblock Attempting to Bring US Banks to DeFi; Bitcoin and Ether Stall
Archblock's plan comes at a precarious time, with undercollateralized lending protocols grappling with loan defaults across the board.
First Mover Asia: Bitcoin’s Strong Correlation to 'Dr. Copper' Grows Healthier; Bitcoin Seesaws Back to $17.8K
Over the past week, the connection between the red metal and cryptocurrency has grown tighter, which bodes well for long-term investors. But a strengthening U.S. dollar may suggest a less rosy future.
Crypto Markets Today: US Regulation Heats Up; Bitcoin Rises, Then Falls
Top cryptocurrencies lost earlier gains after the Federal Reserve signals interest rates to keep rising well into 2023.
Ether, Bitcoin Post Gains as Crypto Market Cheers Sam Bankman-Fried's Arrest, Inflation Data
With the former FTX CEO's arrest, the crypto market has now shifted its focus to improving macroeconomic conditions, analysts said.
First Mover Asia: Busan as Blockchain Hub? The Korean City Is Traveling the Wrong Path; No Bail for Bankman-Fried
Busan wants to integrate blockchain technology into all facets of government service and create the first city-run crypto exchange; bitcoin embraces encouraging CPI to rise over $17.7K.
Crypto Markets Today: Sam Bankman-Fried Hearing Tops Another Troubling Day
But prices rose on U.S. inflation data that was more favorable than expected.
First Mover Asia: QCP Capital Founder Sees Crypto Industry’s Immediate Future Tied to Genesis Debacle, Expects Rebound in 2024
During a panel discussion at Taipei Blockchain Week, Darius Sit noted continued institutional adoption of the crypto options and derivatives market, among industry high points; bitcoin rises; Bahamas announces the arrest of former FTX CEO Sam Bankman-Fried
Crypto Markets Today: Binance a Target of Federal Probe
The Block confirmed Friday it had received funding from Sam Bankman-Fried’s trading arm for two years.
First Mover Asia: Uniswap ‘Fee Switch’ Proposal for Popular Ether Pools Stirs Up Community Debate
Some see the proposed pilot project as an “important step,” while others say it may lead to reduced trading activity; bitcoin holds steady over $17K as latest inflation data and FOMC meeting approach.
Crypto Markets Today: Exposed Alameda Research Loans to Media Site The Block and Its CEO Adds to FTX’s Miseries
The Block confirmed Friday it had received funding from Sam Bankman-Fried’s trading arm for two years.
