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

Ethereum Merge Drama Continues as Traders Pile Out, Then Back In

Ethereum regained investor support on Monday after slumping in recent days.

By Jimmy HeAug 22, 2022

Markets

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.

By Glenn Williams Jr., Jimmy HeAug 22, 2022

Videos

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.”

Aug 22, 2022

Markets

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.

By Lyllah Ledesma, Omkar GodboleAug 22, 2022

Bitcoin takes a backseat to macroeconomics. (Bettmann/Getty Images)

Tech

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.

By Shaurya MalwaAug 22, 2022

A researcher at security firm SlowMist said the attackers behind the Ronin bridge exploit converted part of their stolen funds from ether to bitcoin. (Utagawa Kunisada and Sadahide/Creative Commons, modified by CoinDesk)

Markets

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.

By James RubinAug 22, 2022