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: The Michael Saylor Tax Case and What It Means; Bitcoin Wrestles With $20K

The MicroStrategy executive chairman says the District of Columbia’s scrutiny of his tax residency is wrong, but the filing has deeper significance.

By James Rubin, Sam ReynoldsSep 2, 2022

MicroStrategy CEO Michael Saylor at the Bitcoin 2022 Conference in Miami (Marco Bello/Getty Images)

Markets

Market Wrap: Bitcoin Struggles to Hold $20K for the Foreseeable Future

The largest cryptocurrency in market value toggled above and below the psychologically important threshold.

By Glenn Williams Jr., Jocelyn YangSep 1, 2022

Bitcoin continues to struggle around $20K. (Hulton Archive/Getty Images)

Videos

Rubicon CEO: ‘Optimistic’ for Strong ETH Performance

Rubicon Crypto co-founder and CEO Greg Johnson explains why he is “optimistic” for strong ether (ETH) performance ahead of the anticipated merge. Plus, why the shift from proof-of-work to proof-of-stake is more significant than a short-term price change.

Sep 1, 2022

Markets

First Mover Americas: Bitcoin Drops Below $20K, Michael Saylor Sued for Tax Fraud

The latest price moves in crypto markets in context for Sept. 1, 2022.

By Lyllah Ledesma, Omkar GodboleSep 1, 2022

Executive Chairman MicroStrategy, Michael Saylor (CoinDesk)

Markets

Potential Ethereum Hard Fork Token ETHPOW May Trade at 1.5% of Ether's Price, Futures Suggest

Paradigm expects the token will open at least $18.

By Omkar GodboleSep 1, 2022

The ether futures market predicts an $18 price for a potential ETHPOW token (Geralt/Pixabay, Modified by CoinDesk)

Markets

First Mover Asia: Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K

Sasha Ivanov told CoinDesk the USDN model uses four tokens to supply liquidity and to help the stablecoin retain its $1 peg.

By Shaurya Malwa, James RubinSep 1, 2022

Markets

Market Wrap: Bitcoin's Price Rises Amid Uncertainty

The price appears to be both undervalued and range-bound.

By Glenn Williams Jr.Aug 31, 2022

Bitcoin's price rose slightly on Wednesday. (Paolo Nicolello/Unsplash)

Markets

First Mover Americas: A Bleak Month for Crypto as Bitcoin Slides, Ether Stalls and Solana Tanks

The latest price moves in crypto markets in context for Aug. 31, 2022.

By Lyllah LedesmaAug 31, 2022

Markets

First Mover Asia: Bitcoin Claws Back Above $20K; Singapore Bank Head’s Speech Reflects Growing Crypto Hostility

In his speech, Ravi Menon spoke in favor of digital asset innovation but not cryptocurrency speculation. But the Monetary Authority of Singapore’s approach may not be realistic.

By Sam Reynolds, James RubinAug 31, 2022