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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.
Crypto Debate Continues Over Whether Ether Is Considered a Security
In a lawsuit filed against Seychelles-based crypto-exchange KuCoin on Thursday, New York Attorney General (NYAG) Letitia James alleged the firm violated securities laws by offering tokens, including ether (ETH), that meet the definition of a security without registering with the attorney general's office. "The Hash" panel discusses the case for ETH as a security and the potential industry repercussions.
New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit
New York State Attorney General Letitia James filed suit against KuCoin on Thursday, alleging the Seychelles-based crypto exchange is violating securities laws by offering tokens, including ether (ETH), that meet the definition of a security without proper registration. Penn State Dickinson Law Professor Tonya Evans discusses the action and the outlook for U.S. crypto regulation. Plus, key takeaways from yesterday's House hearing on the digital asset ecosystem.
On-Chain Liquidations Beckon as Ether Slumps to 2-Month Low
A total of $119 million in on-chain positions are at risk of being liquidated if ether slides by another 20%.
Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Jobs Report
Analysts are worried that other tech-friendly lenders will face similar problems to Silicon Valley's.
Ether Hits Two-Month Low Under $1.4K as Coinbase Premium Index Dwindles
The decline comes as New York Attorney General referred to ETH as a security in its lawsuit against the cryptocurrency exchange KuCoin.
First Mover Asia: Bitcoin Plunges to Mid-January Levels
ALSO: CoinDesk analyst Glenn Williams writes that despite crypto's recent problems, bullish sentiment seems to still be prevailing among holders of perpetual futures contracts for bitcoin and ether.
Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash
The largest long liquidation in at least a month suggests Thursday’s crash in crypto prices has caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from CoinGlass.
What Happens if Ether Is a Security?
A recent suit filed by the New York Attorney General could have far-ranging complications for crypto exchanges that list ether.
New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit
A press release said the lawsuit was part of ongoing "efforts to crack down on unregistered cryptocurrency platforms."
Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors
Bitcoin and other major cryptocurrencies declined as the crypto-focused lender’s crisis continued to unfold; ether sinks 7%.
