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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 Americas: Bitcoin Busts Through $26K
The latest price moves in crypto markets in context for March 17, 2023.
First Mover Asia: Asia Pushes Bitcoin Past $25K
ALSO: The Shibarium community is debating whether a chain using the same chain ID number 917 as the Rinia Testnet amounts to plagiarism or an open-source code that has been recycled.
Bitcoin, Ether Shrug Off U.S. Jobs Data
The two largest cryptocurrencies by market capitalization also recently appear to have decoupled from equity indexes.
First Mover Asia: Bitcoin Dips Below $25K as Market Worries About Liquidity
ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week.
SEC Chairman Gensler Suggests Again That Proof-of-Stake Tokens Are Securities: Report
Gensler had previously argued that ether might be a security after Ethereum's transition to proof-of-stake last year.
Trading Ranges for Bitcoin, Ether Reflect Diverging Views About the Assets
Bitcoin’s higher low suggests investors in the largest crypto by market value are upbeat, but ether’s increased trading range compared to the previous days may reflect bearish concerns.
Ethereum's Network-to-Value Ratio Slides to 3-Month Low as ETH Rallies 20%
The widely tracked ratio measures ether's market capitalization in relation to the value of on-chain transactions processed on the Ethereum network.
First Mover Asia: Bitcoin Holds Near $25K as Investors Remain Upbeat About Inflation Data, Fed Rate Hikes
ALSO: Two prominent crypto executives suggest the industry must learn from the failings of Signature, Silicon Valley and Silvergate banks if it hopes to develop productive banking relationships.
Bitcoin Gains Early, Fades Late to Trade Below $25K
BTC had surged to a 9-month high above $26,500 after the latest inflation data before retreating.
Staked ETH Withdrawals Being Processed on Ethereum Goerli Testnet Ahead of Shanghai Fork
Ethereum developers still need to set a date for the Shanghai hard fork to go live on the mainnet blockchain.
