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

Bitcoin Climbs Above $28.5K as Investors Weigh Fresh Bank Woes, Cool Jobs Data

Ether also rose. Equity markets dropped, including stocks of two regional banks.

By Jocelyn YangMay 2, 2023

Markets

Bitcoin, Ether Rise Sharply Immediately Following JOLTS Jobs Data

The two largest cryptocurrencies by market capitalization reacted positively to a reduction in job openings

By Glenn Williams Jr.May 2, 2023

Markets

Volatile Price Moves on Monday Contrast to Recent Calm Waters

Bitcoin’s price has been relatively stable over the last six weeks.

By Glenn Williams Jr.May 2, 2023

Markets

First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K Continues

PLUS: Western crypto innovators with great ideas are eyeing the East for tech-embracing governments and fresh opportunities. A West-East partnership may be crypto's model for the future, the co-founder of Taipei-based Woo Network, Jack Tan, writes.

By James Rubin, Sam ReynoldsMay 1, 2023

Markets

Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank

BTC’s price had dropped from well above $29,000 on Sunday. Investors await Wednesday’s FOMC interest rate decision.

By Jocelyn YangMay 1, 2023

Markets

First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat

ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead – most notably about the regulatory uncertainty.

By Sam ReynoldsApr 30, 2023

Markets

First Mover Asia: Bitcoin Holds Steady Above $29K as Investors Look Toward Next FOMC Meeting

ALSO: William Shatner, "Star Trek" star, releases an NFT collection and touts the potential of crypto in an entertaining half-hour discussion at CoinDesk's Consensus 2023 conference.

By James Rubin, Pete PachalApr 28, 2023

Markets

Bitcoin Circles Above $29.5K as Investors Weigh Sluggish GDP, Latest Banking Woes

BTC dipped slightly during U.S. morning trading Thursday on the Commerce Department reporting a tepid gain in GDP for the first quarter and disappointing personal consumption data, before rebounding.

By Jocelyn YangApr 27, 2023

Markets

First Mover Asia: Bitcoin Seesaws Wildly Before Settling Above $29K

ALSO: Writing about different sessions at Consensus 2023, CoinDesk columnist Daniel Kuhn considers the difficulty that the builders of decentralized finance (DeFi) and financial regulators are having in finding linguistic common ground.

By James RubinApr 27, 2023

Financialization means big directional bets and lots of leverage, propped up by a hype campaign. In crypto, those bets are often followed by a hard landing. (Creative Commons)

Markets

Bitcoin Tumbles as Wild Crypto Market Swing Causes $310M Losses From Liquidations

The CoinDesk Market Index (CMI), which tracks the performance of the broader crypto market, plummeted 5.6% in an hour.

By Krisztian SandorApr 26, 2023

Los traders inicialmente subieron los precios de xmon para obtener un airdrop de sudo, el token de gobernanza de SudoSwap. (Getty Images)