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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.
Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January, and the Fed plans slower rate increases in coming months.
First Mover Asia: Bitcoin Seesaws Above and Below $23K Again
The largest cryptocurrency has been holding steady near this threshold as investors remain hopeful about inflation and the economy.
Crypto Markets Today: Bitcoin Moves Sideways at $23K
Also: Binance mixed customer funds with B-Token collateral "by mistake." Equities closed mixed.
First Mover Asia: Ether Prices Fall Relative to Bitcoin
The ETH/BTC currency pair has declined 8% since Jan. 11 as the price increase in bitcoin has been more pronounced than ether’s; BTC hovers near $23K in Monday trading.
Ether Turns Deflationary Again, Led by Spike in NFT Sales
Nearly one-fourth of ether burned stems from NFT trades over the past seven days, according to data from ultrasound.money.
Crypto Markets Today: Bitcoin Holds Steady Near $23K; Gemini’s Job Cuts Continue
FTX’s FTT token was up 8% for the day. Equities closed higher.
Ethereum's Buterin Proposes 'Stealth Addresses' to Enhance Privacy Protections
In a new blog, Ethereum co-founder Vitalik Buterin outlines a stealth address system that can help overcome the blockchain’s lack of privacy protections.
First Mover Asia: Bitcoin Surges Past $23K Before Retreating
ALSO: Sam Reynolds writes that Microsoft cutting its mixed reality team underlines large tech firms's struggles to succeed in the augmented and virtual reality space. Will Apple do better?
Crypto Markets Today: Bitcoin Surges Above $22K, Genesis Has Over $5B in Liabilities
Also: Bitcoin rose 6% to trade at $22,300. Ether was also trading up, by 5% to $1,640. Equities closed up.
First Mover Americas: Bitcoin, Ether Rise Slightly After Genesis' Chapter 11 Filing
The latest price moves in crypto markets in context for Jan. 20, 2023.
