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: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles

Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.

By Sam Reynolds, James RubinJul 26, 2022

Changpeng Zhao, CEO de Binance. (Archivo de CoinDesk)

Markets

Market Wrap: Bitcoin Declines Further as Momentum Wanes

BTC is approaching support at about $20.5K; the options market implies concerns of additional price declines.

By Glenn Williams Jr., Jimmy HeJul 26, 2022

BTC dropped 6% Tuesday. (CoinDesk Research and Highcharts.com)

Finance

Coinbase's 20% Decline Leads Crypto Names Lower Following Report of SEC Probe

Bitcoin is lower by 3% on Tuesday, with ether and Solana's SOL down by about 7%.

By Michael BellusciJul 26, 2022

Markets

Ether y solana lideran pérdidas mientras analistas predicen caídas más grandes tras decisión de la Fed

No surgió una señal clara de compra para bitcoin y aún domina una situación macroeconómica deficiente, dijo un analista.

By Shaurya MalwaJul 26, 2022

Dos legisladores apoyaron el aumento en las tasas de interés a riesgo de reducir el crecimiento económico. (Peter Cade/Getty Images)

Markets

Ether Chart Outlook Sours as Price Drops Below $1.4K; Fed Angst Weighs

An anticipated interest rate hike seems to be overshadowing Merge optimism.

By Omkar GodboleJul 26, 2022

Ether's daily chart shows sellers have regained control. (TradingView)

Markets

First Mover Americas: BTC to $15K? As Rally Stalls, Some Traders Fear Another Leg Down

The latest price moves in crypto markets in context for July 26, 2022.

By Lyllah Ledesma, Omkar GodboleJul 26, 2022

The worsening macro environment stokes fears that BTC will drop to $15,000. (Christoffer Engström/Unsplash)

Markets

Ether, Solana Lead Losses Among Major Cryptos, Analysts See Further Declines After Fed Rate Hikes

No clear buy signal emerged for bitcoin and a poor macroeconomic situation still dominates, one analyst said.

By Shaurya MalwaJul 26, 2022

Markets

First Mover Asia: Is DEX Efficiency a Long-Term Threat to Coinbase; Bitcoin Sinks Below $22K

Coinbase’s revenue dwarfs that of the decentralized exchange Uniswap but the two companies are generating roughly the same trading volume; ether plunges.

By Sam Reynolds, James RubinJul 25, 2022