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

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.

Ether's daily price chart (CoinDesk/Highcharts.com)

Markets

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.

Ether has fallen below a key bull market trendline.  (Eva Blue/Unsplash)

Markets

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.

(DALL-E/CoinDesk)

Policy

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 Letitia James (Michael M. Santiago/Getty Images)

Policy

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."

New York State Attorney General Letitia James (Alex Kent/Getty Images)

Markets

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%.

Bitcoin price chart Thursday (CoinDesk)

Markets

First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns

ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. But at least one analyst questions whether it can deliver on its promise.

(Andriy Onufriyenko/Getty Images)

Markets

First Mover Asia: Bitcoin, Ether Bounce Back After Being Tested by Fed Chair Powell’s Comments

ALSO: Data from CryptoRank, which tracks crypto fund portfolios, shows that despite massive declines last year, a number of major funds are up over the past three years.

bouncing ball

Markets

Fed Chair Powell's Comments Shift Rate Projections; Bitcoin Holds Warily

U.S. central bank Chair Jerome Powell indicates rates may need to move higher than was previously expected; risk assets decline accordingly

The Federal Reserve building in Washington, D.C.. (Helene Braun/CoinDesk)

Consensus Magazine

A Closer Look at FTX’s Most Recent Bankruptcy Documents

The exchange owes customers $1.6 billion in bitcoin, and only has $6 million of it on hand.

(Getty Images)