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 Stalls as Contagion Hits Zipmex, Vauld. Will Ethereum's Merge Fix This?

Bitcoin is having its best week since March, but with the Federal Reserve still in inflation-fighting mode it seems like the only thing that can really get traders juiced up is the upcoming Ethereum Merge.

By Shaurya Malwa, Bradley KeounJul 21, 2022

Zipmex is the latest casualty of this year's crypto contagion. (Unsplash)

Markets

Market Wrap: Bitcoin Climbs Closer to 50-Day Simple Moving Average

Some analysts believe BTC’s consolidation above the SMA could propel the cryptocurrency’s recovery.

By Jimmy HeJul 20, 2022

BTC pushed to a one-month high of $24,265 and is attempting to climb above its 50-day simple moving average. (CoinDesk and Highcharts.com)

Markets

First Mover Americas: Bitcoin Nears $24K as Zipmex Suspends Withdrawals

The latest price moves in crypto markets in context for July 20, 2022.

By Bradley Keoun, Shaurya Malwa, Sage D. YoungJul 20, 2022

BTC is approaching $24,000, and yet the crypto industry continues to suffer as the exchange Zipmex suspended withdrawals (Gerd Altmann/Pixabay)

Markets

First Mover Asia: Dissecting Three Arrows Capital's Fall; Ethereum Merge Spurs Continued Market Gains

Thanks to the transparency of court documents, the public knows how much the beleaguered crypto hedge fund owes different creditors; ether has risen about 50% over the past week.

By Sam Reynolds, James RubinJul 19, 2022