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: Singapore's Lightbulb Capital Balances the 3 Parts of ESG Investing. Will the DeFi World Care?; Bitcoin, Ether Fall

The crypto world has focused more heavily on environmental issues than the social and governance aspects of different projects; major cryptos were in the red on Sunday as the Russian invasion intensified.

Singapore (Lauryn Ishak/Bloomberg via Getty Images)

Markets

Market Wrap: Cryptos Slide; Analysts Expect a Volatility Spike

Bitcoin's outperformance relative to altcoins suggests a lower appetite for risk among investors.

Cryptos slid on Friday (Possessed Photography/Unsplash)

Markets

First Mover Asia: China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline

The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades.

Ukraine's Ministry of Digital Transformation wants crypto exchanges to block Russian users. (Lucy Shires/Getty)

Markets

Market Wrap: Bitcoin Drifts Lower, Although Analysts Expect Bearish Sentiment to Fade

BTC was down 4% over the past 24 hours as geopolitical risks intensified.

Volatility fades. (meriç tuna/Unsplash)

Markets

First Mover Asia: India Commodity Price Increase Stemming From Russia Invasion Could Hurt Crypto Investment; Bitcoin Loses Momentum

An increase in commodity prices could eat into Indian investors’ skyrocketing appetite for cryptocurrencies; bitcoin, ether are roughly flat for the day.

sunflower, sun, nature

Markets

Crypto Market Cap Pushes Past $2T as Major Cryptos Surge

Bitcoin’s rally to nearly $45K has propelled the increase.

Bitcoin Concept (Getty)

Finance

Terra’s LUNA Passes Ether to Become Second-Largest Staked Asset

Some $30 billion worth of the tokens are staked by users to earn yields of just under 7%.

(Shutterstock)

Markets

First Mover Asia: China’s Potential SWIFT Competitor CIPS Won't Help Russia Much; Bitcoin, Ether Rise Again

The Chinese system has just 75 members and processes only a fraction of the transactions that SWIFT handles.

Kyiv. (Photo by Chris McGrath/Getty Images)

Mga video

How Ukrainian Government Is Using Crypto to Fight Against Russia Invasion

Michael Chobanian, Founder of Ukrainian crypto exchange KUNA, comes back to “First Mover” to discuss the growing role of cryptocurrency in the Russia-Ukraine crisis. Chobanian explains how crowdfunded crypto is being used to fund military aid, food and petroleum supplies.

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Markets

Cryptos Retain Gains as Ukraine Security Crisis Continues to Deteriorate

Talks between the two sides appear to have led nowhere.

Ukraine's Ministry of Digital Transformation wants crypto exchanges to block Russian users. (Lucy Shires/Getty)