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: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle

The largest digital asset by market cap could dip below $20,000 in the near future and is unlikely to rebound until macroeconomic conditions improve; bitcoin and ether are down in Tuesday trading.

The bear market in crypto continued, but better times don't seem so long ago.(Johnny Johnson/Getty Images)

Markets

Morgan Stanley Says Ether Underperformance Echoes Crypto Downturn of 2018

Expectations of higher Fed interest rates are weighing on crypto prices, the bank's analysts said.

Jenga image via Shutterstock

Markets

First Mover Asia: What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K

Some observers of digital asset markets criticized the move but others said that Celsius could be protecting user funds; ether plummets 17%.

Analysts responded differently to Celsius' announcement. (CoinDesk archives)

Finance

Goldman Sachs Executes Its First Trade of Ether-Linked Derivative: Report

London-based Marex Financial was the counterparty for the trade.

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Markets

First Mover Asia: Bitcoin Tumbles Below $27K Amid Heightening Inflation Concerns

Ether and other major altcoins underperformed BTC over the weekend as investors continued to steer away from riskier assets; Is there a case for inflation?

Bitcoin and other cryptos fell. (David Pu'u/Getty Images)

Videos

Why VanEck CEO is ‘Focused on Ether’ Over Bitcoin Right Now

VanEck CEO Jan van Eck discusses his outlook on the crypto market, as May CPI shows an increase of 8.6% year-over-year. He also explains why he’s more focused on ether (ETH) over bitcoin (BTC).

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Markets

First Mover Asia: Ethereum’s Ropsten ‘Merge’ Prompts Mixed Analyst Sentiment; Bitcoin Is Flat

Some observers question whether Ethereum can stay relevant after switching from a proof-of-work model, but others are upbeat about the shift to a proof-of-stake design; cryptos have a mixed day.

Some analysts believe that the Ethereum Ropsten "Merge" will be more environmentally friendly. (Nattachai Sesaud/Getty Images)

Markets

First Mover Asia: Crypto’s Institutional Future May Be Incompatible With Litecoin’s Privacy Protecting Features; Bitcoin Falls

Major South Korean exchanges are delisting the token after privacy upgrades involving the MimbleWimble protocol designed to make transactions confidential and virtually untraceable.

Seoul, South Korea (Ciaran O'Brien/Unsplash)

Videos

Ethereum’s Ropsten Testnet Has Completed its Merge

The Ethereum blockchain’s first dress rehearsal for its upcoming merge was successfully completed Wednesday. “The Hash” discusses the long-awaited milestone in Ethereum’s journey toward a new proof-of-stake (PoS) consensus mechanism.

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