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.


Markets

First Mover Asia: Tough Week for Layer 1 as Solana, BNB Chain Suffer Outages; Bitcoin Trades Flat as October Doldrums Continue

The problems both protocols suffered are reminders that neither is really decentralized, and that they are not yet true challengers to Ethereum; ether and other altcoins trade sideways.

Two Layer 1 protocols had a difficult week. (Ivana Cajina/Unsplash)

Markets

Market Wrap: Bitcoin, Other Risk Assets Fall Again Following Disappointing Jobs Data

Investors are nervous about rampant inflation prompting yet another massive rate hike by the Fed, and the economic damage that might cause.

Bitcoin fell as markets digest an increased likelihood of a 75 basis point interest rate hike. (Charl Folscher/Unsplash)

Markets

First Mover Americas: It’s Payrolls Day Again, and Bitcoin Holds Tight Near $20K

The latest price moves in crypto markets in context for Oct. 7, 2022.

(Helene Braun/CoinDesk)

Markets

First Mover Asia: The Crash of Three Arrows Capital’s Starry Night Portfolio Shows NFTs' Lack of Staying Power; Bitcoin Regains $20K After Earlier Drop

The collection, now valued at $840,000, is worth a fraction of the $21 million that the troubled hedge fund spent in assembling it; BNB falls after reports of an exploit.

The value of Three Arrows Capital's Starry Night NFT collection has plummeted. (Getty Images)

Markets

Market Wrap: Bitcoin Trades Flat for a Second Consecutive Day, but Outpaces Traditional Markets

BTC remains range-bound as investors await the latest payrolls data on Friday.

BTC trades flat, but maintains $20,000 level. (Kenny Eliason/Unsplash)

Videos

How OPEC’s Oil Production Cuts Could Impact Crypto Miners

Bitcoin, ether, and other major cryptocurrencies traded sideways as investors fretted over new job figures and OPEC oil cuts. Dan Weiskopf, Tidal Financial Group Portfolio Manager, discusses how higher energy prices could impact crypto miners.

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Markets

First Mover Americas: Bitcoin Stays Close to $20K, Sushi's Token Surges 14%

The latest price moves in crypto markets in context for Oct. 6, 2022.

Sushi is in flux. (Jakub Dziubak/Unsplash, modified by CoinDesk)

Markets

First Mover Asia: BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns

The crypto exchange leased out a full floor of the prestigious Cheung Kong Center in 2018 but now relies increasingly on remote work. BitMEX’s largest office is now in Singapore.

Hong Kong (Shutterstock)

Markets

Market Wrap: Crypto Markets Flatten as Latest Employment Data Throws a Setback for Inflation Hawks

Crypto markets remain fretful about any suggestion the economy is not slowing enough to staunch rising prices.

The price of BTC and ETH flattened. (Nadya Spetnitskaya/Unsplash)