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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.
First Mover Asia: For the Metaverse to Be a $13T Opportunity, Much Has to Change; Bitcoin Rises Late Past $31K
A Citi report makes a bold prediction, but major metaverse platforms are struggling to attract committed users; altcoins are mixed.
Investors View Polkadot as an Alternative Layer 1, Coinbase Says
The market cap of Polkadot’s DOT token relative to ether has been falling since November, according to the report.
First Mover Asia: When It Comes to Crypto, Hong Kong Isn’t the World’s ‘Freest Economy’; Bitcoin Has a Late Fall Below $30K
A memo by the city’s securities and futures regulator reminds investors of the risks of NFTs; altcoins surge and then drop.
Crypto Miner Hive Blockchain Selling Ether to Pay for Intel Mining Rigs
The miner expects to have a bitcoin-equivalent hashrate of 6.2 exahash per second (EH/s) in the next 12 months.
First Mover Asia: Bitcoin and Other Cryptos Tick Up in Weekend Trading
Ether and other major altcoins are slightly in the green as investors continue to look for clarity on the direction of the global economy; stablecoins face increasing scrutiny.
First Mover Asia: Bitcoin Climbs Past $30K, but Bearish Sentiment Remains
Cryptos were largely in the green, although trading was choppy; India crypto investors receive some upbeat news.
First Mover Asia: Bitcoin Sinks Below $30K Amid Renewed Risk Fears
Major altcoins fared worse in Wednesday trading, reversing most gains from the U.S. holiday weekend rally; South Korea takes a harder look at crypto.
First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?
Tether has relationships with a number of banks but won't say much more; bitcoin rises slightly.
First Mover Asia: Bitcoin Jumps Above $31K; Ether Gas Fees Drop
Crypto analysts are starting to ask if the market is finding a bottom after the latest downdraft.
