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.

Finance

WazirX Hacker Moves $32M Stolen Ether in Four Days to Tornado Cash as Binance Denies Founder’s Claims

WazirX founder Nischal Shetty claimed earlier this month that the ultimate owner of the crypto exchange was Binance - a statement the latter has denied.

By Shaurya MalwaSep 19, 2024

Markets

First Mover Americas: Bitcoin Price Drops Below $60K Ahead of Expected Fed Rate Cut

The latest price moves in crypto markets in context for Sept. 18, 2024.

By Jamie Crawley, Omkar GodboleSep 18, 2024

Markets

Ethereum Is the Microsoft of Blockchains, ETH Underperformance May Reverse Into Year-End: Bitwise

The Ethereum blockchain has the most active developers, the highest number of active users and ether has a market cap that is five times larger than its nearest competitor, the report said.

By Will CannySep 18, 2024

Vitalik Buterin is the creator and spiritual leader of Ethereum. (Romanpoet/Wikimedia Commons, modified by CoinDesk)

Markets

Fed Rate Cut Could Crash Crypto Markets, but Era of Central Banks Is Over: Arthur Hayes

A rate cut could add to inflation and strengthen the Japanese yen, crashing markets, Hayes explained.

By Omkar GodboleSep 18, 2024

Arthur Hayes at Korea Blockchain Week 2023. (Factblock)

Markets

First Mover Americas: Bitcoin Reclaims $59K as Traders Anticipate 50-Bps Fed Rate Cut

The latest price moves in crypto markets in context for Sept. 17, 2024.

By Jamie Crawley, Omkar GodboleSep 17, 2024

Videos

ETH/BTC Ratio Slid to Lowest Since April 2021

The ether/bitcoin trading pair dipped below 0.04 late Sunday, reaching its lowest level since April 2021. The drop signals a decline of investor interest in ether relative to bitcoin. CoinDesk's Benjamin Schiller presents the "Chart of the Day."

Sep 16, 2024