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

Market Wrap: Bitcoin Holds Strong Above $19.5K as Investors Chew Over Latest Price Data

The largest cryptocurrency by market capitalization rose over $20,000 at one point in choppy trading; ether ticks upward.

By James Rubin, Lyllah Ledesma, Jocelyn YangSep 30, 2022

As BTC hovers above $19K, investors are digesting recent data. (Anja BaHu/Unsplash)

Markets

First Mover Americas: Bitcoin to Post Sixth Straight September Loss, but LINK and UNI Manage Gains

The latest price moves in crypto markets in context for Sept. 30, 2022.

By Lyllah Ledesma, Omkar GodboleSep 30, 2022

Markets

Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Data

XRP climbed above its 200-day moving average while MKR hit a three-week high. A higher-than-expected figure for core PCE, the Fed's preferred measure of inflation, may inject volatility into markets.

By Omkar GodboleSep 30, 2022

XRP continues to outperform the broader market. (ColiN00B/Pixabay)

Markets

First Mover Asia: IOTA’s Shimmer Joins the Race to Become the Next Big Blockchain; Bitcoin Seesaws Before Holding Near $19.5K

The unveiling of the Shimmer blockchain platform comes amid a flurry of such upstarts, each promising to be faster and cheaper than other protocols.

By James Rubin, Shaurya MalwaSep 29, 2022

Markets

Market Wrap: Bitcoin Showing Potential Signs of an Upswing

Digital asset markets are navigating a challenging environment of high inflation, inverse correlations to the U.S. dollar, increasing interest rates and higher consumer debt.

By Glenn Williams Jr., Jocelyn YangSep 29, 2022

Despite declining Wednesday, BTC may be in a potential upswing. (Luke Chui/Unsplash)

Markets

First Mover Americas: Bitcoin Pushes for $20K Again as Investors Return to Risky Assets

The latest price moves in crypto markets in context for Sept. 29, 2022.

By Lyllah Ledesma, Omkar GodboleSep 29, 2022

Markets

First Mover Asia: Bitcoin Holds Strong Over $19K; Why Is the Dollar Dominating?

The largest cryptocurrency by market capitalization has weathered severe macroeconomic uncertainty in recent weeks to maintain its current threshold,

By James RubinSep 29, 2022

Bitcoin and other cryptos have proven resilient in recent weeks. (Getty Images)

Markets

Is Bitcoin an Inflation Hedge? Investors Are Still Unsure

BTC has risen about 6% over the past week amid growing macroeconomic uncertainty.

By Jocelyn YangSep 28, 2022

Bitcoin's price chart shows a slight rebound on Wednesday. (CoinDesk)

Markets

Market Wrap: Bitcoin Reverses Course Again, Trades Toward 20-Day Moving Average

Digital asset markets are navigating a challenging environment of high inflation, inverse correlations to the U.S. dollar, increasing interest rates and higher consumer debt.

By Glenn Williams Jr., Jocelyn YangSep 28, 2022