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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.
Market Wrap: Crypto Assets Rise Following Soft Home Sales in July
Traditional traders have returned to pricing in a 50 basis point interest rate hike for the Federal Reserve’s September meeting thanks to the economic data.
First Mover Americas: Crypto Market Cap Falls Below $1 Trillion as Momentum Fades
The latest price moves in crypto markets in context for Aug. 23, 2022.
First Mover Asia: Crypto Sell-Off Due to Fed Hawkishness, Possible Jump Dump of ETH, Says QCP Capital; Cryptos Decline Slightly in Monday Trading
Crypto asset trading firm QCP Capital will be eyeing remarks later this week by U.S. central bank Chair Jerome Powell for their potential effect on digital asset markets.
Ethereum Merge Drama Continues as Traders Pile Out, Then Back In
Ethereum regained investor support on Monday after slumping in recent days.
Market Wrap: Bitcoin Price Falls as Markets Await Fed Chair Powell’s Comments
Most risk assets are in a holding pattern ahead of the Federal Reserve Economic Symposium, where Jerome Powell will speak later this week.
Crypto Volatility Returns; Big Names Investing in Blockchain
Bitcoin and ether hit by inflation concerns. Number of USDC exchange deposits hits 16-month low. Top names invest $6 billion in blockchain despite market wobbles. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
First Mover Americas: Macro Retakes Front Seat, Pushing Bitcoin Down Below $21K
The latest price moves in crypto markets in context for Aug. 22, 2022.
Ronin Hackers Converted Some Stolen Ether to Bitcoin: SlowMist Researcher
The exploiters converted their ill-gotten gains initially to ether and then to bitcoin before using sanctioned mixers to mask their identities.
First Mover Asia: Bitcoin Hovers Over $21K in Weekend Trading; India Crypto Industry's Challenging Year
High German inflation and ongoing macroeconomic uncertainty raised market anxieties on Friday. Investors will be eyeing comments by Fed Chair Jerome Powell in a few days at a U.S. central bank symposium in Wyoming.
Market Wrap: Bitcoin’s Price Plummets on Global Inflation Concerns
The decline in crypto prices appears to be linked to poor inflation data in Germany
