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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: India Crypto Firms, Regulators Continue Their Regulatory Debate; Bitcoin Recovers From a Post-Invasion Freefall
Indian crypto industry and government officials have continued to discuss possible changes to regulations announced earlier this month; bitcoin returns to its perch above $38,000.
Cardano’s ADA Dives 18%, Leading Plunge in Cryptos as Russia Begins War With Ukraine
Global stocks are tumbling alongside cryptocurrencies, with Western European indexes down nearly 5% and U.S. futures pointing to about a 3% opening decline.
First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump
The eCNY and other CBDCs are digital versions of cash issued by a central bank, unlike bitcoin which has no single issuing authority; bitcoin surpassed $39,000 on Tuesday before dropping into the red.
First Mover Asia: GameFi's Shaky Prospects; Bitcoin, Ether Inch Higher
Strict regulations on gaming in China and South Korea, among other countries, are likely to reduce the market for GameFi in the Asia-region; bitcoin, ether and most major altcoins rose slightly during U.S. trading hours.
First Mover Asia: Taiwan, Singapore Are Not Stablecoin Fans; Major Cryptos Decline as Russia Invasion Looms
Taiwan and Singapore are wary of ceding control of their currencies; bitcoin, ether and most other major cryptocurrencies fell as Russian President Vladimir Putin made a defiant case for invading Ukraine.
ETHDenver Hackathon Finalists Take Aim at Adoption Barriers
Privacy, real-world interactions and DAO infrastructure highlighted ETHDenver’s hackathon finalists.
First Mover Asia: The Renminbi Rises; Cryptos Suffer Another Lost Weekend
The value of RMB payments gained over 10% compared to December amid an inauspicious test of the digital yuan at the Winter Olympics. Bitcoin and major altcoins tumbled as tensions continued mounting on the Ukraine border.
First Mover Asia: Investors Flee Crypto, Higher Risk Assets on Mounting Ukraine Tensions
Bitcoin, ether and other major altcoins plummeted as a Russian invasion seemed more likely again. Investors also remained concerned about inflation.
First Mover Asia: Cryptos Hold Their Ground but Investors Remain Wary of Russia Invasion Plans, Inflation
Bitcoin fell earlier in the day but had recovered by the afternoon.
Morgan Stanley Says Ethereum Less Decentralized, Ether More Volatile Compared to Bitcoin
Attempts to regulate DeFi and NFT markets could see less demand for transactions on the Ethereum network.
