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

First Mover Asia: Bitcoin Tops $23.7K in Wednesday Comeback

The largest cryptocurrency by market capitalization regained ground lost in a late Tuesday swoon. ALSO: Laguna Labs CEO Stefan Rust discusses Genesis and bitcoin's short-term prospects in a CoinDesk Q&A.

By James RubinJan 26, 2023

Bitcoin and other assets rose on Tuesday. (Unsplash)

Markets

Crypto Markets Today: Layer 1 Blockchain Token Aptos Reaches Record High

Also: Most major cryptos were in the red, but Axie Infinity’s AXS token continued to rally. Equity indexes were flat.

By James RubinJan 25, 2023

Videos

Dogecoin, Ether Lead Crypto Market Slide

The crypto market slid in the past 24 hours as traders likely took profits after weeks of an uptrend, with ether (ETH) and dogecoin (DOGE) leading the slide among major tokens. Prosper Trading Academy Cryptocurrency Educator Howard Greenberg discusses the catalysts for the pullback, the Coindesk Market Index, and the outlook for bitcoin (BTC).

Jan 25, 2023

Markets

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.

By Omkar GodboleJan 25, 2023

Markets

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.

By James RubinJan 25, 2023

Blockchain is at a pivot moment, said CMCC Global's Charlie Morris. (Pascal Bernardon/Unsplash)

Markets

Crypto Markets Today: Bitcoin Moves Sideways at $23K

Also: Binance mixed customer funds with B-Token collateral "by mistake." Equities closed mixed.

By Jocelyn YangJan 24, 2023

Markets

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.

By James Rubin, Glenn Williams Jr.Jan 24, 2023

Markets

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.

By Jocelyn YangJan 24, 2023

Ether’s annualized inflation rate returned to a negative value as network usage recently increased. (ultrasound.money)

Markets

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.

By Jocelyn YangJan 23, 2023

Muchos jóvenes estadounidenses dicen que se están interesando más por las criptomonedas dado el clima económico actual. (Dall-E/CoinDesk)

Tech

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.

By Margaux NijkerkJan 23, 2023

DENVER, CO - FEBRUARY 18: Ethereum co-founder Vitalik Buterin speaks at ETHDenver on February 18, 2022 in Denver, Colorado. ETHDenver is the largest and longest running Ethereum Blockchain event in the world with more than 15,000 cryptocurrency devotees attending the weeklong meetup. (Photo by Michael Ciaglo/Getty Images)