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: Bitcoin Falls to $19.6K as Investors Continue to Mull Fed Chair's Comments

Ether and other major altcoins are down in weekend trading.

Cryptos plummeted Tuesday. (Jay Radhakrishnan/Getty Images)

Markets

Market Wrap: Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy

The first cryptocurrency dipped 4.3% to around $20,549, its lowest point since July 16, after the head of the U.S. central bank said the Fed would maintain its restrictive monetary course.

U.S. Fed Chair Jerome Powell doubled down on interest rate hikes, affirming hawkish monetary policy to fight inflation. (Bruce Bennett/Getty Images)

Finance

Ether May Continue to Lose Momentum Until Merge Is Completed, BofA Says

Investors want more clarity around The Merge and its implications, the bank told clients in a research note.

Activist investor reported to have been pushing Riot to move into HPC. (Unsplash, modified by CoinDesk)

Markets

Large Ether Traders Position for Volatility Spike as Merge Draws Near

Block traders are buying ether strangles, which involves buying both bullish and bearish option contracts.

Traders de ether están comprando contratos de opciones tanto alcistas como bajistas antes de la fusión. (PublicDomainPictures/Pixabay)

Markets

First Mover Asia: A Bear Market Survival Strategy for Crypto Miners; Bitcoin, Ether Price Remains in Holding Pattern

Some miners are earning more by selling power capacity back to the grid than through mining bitcoin; crypto markets await Fed Chair Jerome Powell's Friday speech.

An Antminer bitcoin mining machine. (Carlos Becerra/Bloomberg via Getty Images)

Markets

Market Wrap: Bitcoin Price Barely Budges as Traders Await Powell Speech

Bitcoin traded sideways on Thursday as Fed officials speaking during the first day of the central bank’s Economic Symposium were circumspect about an interest rate hike in September.

Suspense ahead of Fed Chair Jerome Powell's speech Friday is growing among mainstream and crypto traders. (Scott Olson/Getty Images)

Markets

First Mover Americas: Bitcoin Gains Stall at $22K as Markets Await Powell at Jackson Hole

The latest price moves in crypto markets in context for Aug. 25, 2022.

Fed Chairman Jerome Powell will speak Friday at the Fed's annual meeting here. (Robert Alexander/Getty Images)

Markets

Ether Leads Crypto Recovery on Merge Confirmation, but Traders Remain Cautious

Buying ether ahead of the Merge is likely an overextended play, one trader said.

Crypto trading platform Talos announced three new hires to senior roles. (Nicholas Cappello/Unsplash)

Markets

First Mover Asia: Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K

A study by crypto exchange KuCoin found that 15% of the country’s population aged 18-60 held or had traded crypto in the past six months; ether trades sideways.

India (Kriangkrai Thitimakorn/Getty Images)