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

Market Wrap: Bitcoin Briefly Pops Past $10K as Fed Says Rates May Stay Near 0% Until 2022

Cryptocurrency traders slapped the buy button on bitcoin during the Federal Reserve’s non-announcement announcement, but the run-up didn’t last.

Source: CoinDesk Bitcoin Price Index

Markets

Market Wrap: DeFi Is Helping Ether Outpace Bitcoin This Year

Thanks to growing interest in DeFi, ether is outperforming bitcoin when the market is moving higher.

Source: CoinDesk Bitcoin Price Index

Markets

Market Wrap: $10,000 Remains Bitcoin’s Price to Beat

Store of value? Bitcoin has outperformed gold and trounced U.S. equities so far this year.

Source: CoinDesk Bitcoin Price Index

Markets

Market Wrap: Bitcoin Flat as Stocks Swell on Positive Jobs Report

Bitcoin was dull in trading Friday as stock markets were having a big day. However, cryptocurrency stakeholders see it as a temporary market condition.

Source: CoinDesk Bitcoin Price Index

Markets

Market Wrap: Bitcoin Closing in on $9,900 as Crypto Market Volatility Persists

Crypto derivatives volume had a record month in May - and volatility contributes to fueling that growth.

Source: CoinDesk Bitcoin Price Index

Markets

Market Wrap: A Bitcoin Lull as Stocks Signal Economic Optimism

The bitcoin roller coaster has turned into a bumper car as equities take the stage in hopes of a global economic rebound.

Source: CoinDesk Bitcoin Price Index

Markets

Market Wrap: Traders ‘Whack the Beehive’ as Bitcoin Surges, Then Plunges

Bitcoin’s jump up and right back down is at least partially due to the crypto derivatives markets.

The bear returns

Markets

Open Interest in Ether Options Hits Record High on Deribit

Derivative contracts on ether are more popular than ever, as evidenced by record open positions in options listed on the Panama-based derivatives exchange Deribit.

(Credit: Shutterstock)

Markets

Market Wrap: As Bitcoin Steadies, Oil’s Turmoil Continues

The bitcoin market has nothing on oil’s volatility in 2020.

Source: CoinDesk Bitcoin Price Index

Markets

Ether Leads Bitcoin on Price as Investors Prepare for Staking Arrival

Bitcoin has put in a positive June performance in six out of the last eight years. But Ethereum is drawing new investors with the start of staking due this year.

Credit: Shutterstock/wewi-photography