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 Americas: As Bitcoin and Ether Slide, Investors Bet on Ethereum Fork

The latest price moves in crypto markets in context for Aug. 9, 2022.

The hot topic now is the upcoming Merge on the Ethereum network, and specifically, about the possibility of having a forked proof-of-work ETH and a proof-of-stake coin. (Riho Kroll/Unsplash)

Markets

First Mover Asia: BTC Holds Near $24K; Why Do We Need EthereumPOW When We Have Ethereum Classic?

Crypto mega-entrepreneurs Vitalik Buterin and Justin Sun are clashing over Ethereum’s future.

Vitalik Buterin en conversación con periodistas en ETHSeoul. (CoinDesk)

Markets

Market Wrap: Bitcoin Climbs Above $24K

The cryptocurrency is largely tracking stocks.

BTC surpassed $24,000 as BTC funding rates signal bullish sentiment. (Christopher Burns/Unsplash)

Markets

Ether's Deepest 'Backwardation' Since 2020 Crash Shows Traders Prepping for Ethereum PoW Split

Traders have been buying ETH in the spot market and selling ether futures to withstand volatility, creating the unusual dynamic.

Ether futures trade at a discount to spot prices ahead of the Merge. (LauraTara/Pixabay)

Markets

First Mover Asia: Bitcoin Above $23K in Weekend Trading; an Edgy Environment at Seoul's Blockchain Megaweek

Ether and most other major altcoins trade sideways as investors await further economic indicators.

Bitcoin is hovering over $23,000. (Oliver Furrer/Getty Images)

Markets

Market Wrap: Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later

The positive jobs report may lead to additional Federal Reserve monetary tightening.

Bitcoin has been grinding upward, currently trading near $23,000. (Chester Alvarez/Unsplash)

Markets

DeFi Protocol Voltz Could Bring 150% Interest Rate on Ether Deposits

As the Ethereum blockchain's Merge approaches, traders and venues are seeing the event as an opportunity to pocket fat yields – possibly signaling a renewed appetite for risk in crypto just months after its big market crash.

With memories still fresh from this year's crypto market crash, the Voltz protocol is already looking for ways to let traders use leverage to take more risk. (Pixabay, modified by CoinDesk)

Markets

First Mover Americas: Bitcoin's Rally Loses Steam After US Jobs Report

The latest price moves in crypto markets in context for Aug. 5, 2022.

Bitcoin witnessed some downside after a strong U.S. jobs report for July. (redcharlie/Unsplash)

Finance

Justin Sun Backs Ethereum Hard Fork as Merge Approaches

Sun said he will support development on the existing Ethereum network following the expected merge in September.

Tron founder and diplomat Justin Sun (Shutterstock/CoinDesk)