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

Bitcoin Recovers to Over $19K, Nomura Warns of US, UK Recession

The firm also warned of a recession in the eurozone and Asia Pacific, which could influence crypto prices.

By Shaurya MalwaJul 4, 2022

Small Shrinking Currency Dollar in Inflation (iStock)

Markets

First Mover Asia: Singapore’s Monetary Authority Finally Notices Three Arrows’ Capital AUM Discrepancy; Bitcoin Holds Above $19K in Weekend Trading

The Monetary Authority of Singapore’s reprimand of the crypto hedge fund for providing misleading information may only be a first step.

By Sam Reynolds, James RubinJul 3, 2022

Markets

Futuros de bitcoin y ether acumulan casi $200M en liquidaciones por estrangulamiento de posiciones cortas

La volatilidad de los precios resurgió a medida que se renovaron los signos de recesión inminentes entre los inversores, dijo un analista.

By Shaurya MalwaJul 1, 2022

Markets

First Mover Asia: Speculating on Tokenized Carbon Offsets Won't Help Climate Crisis, Says Consultant; BTC Falls Under $19K Amid Wider Crypto Woes

A significant number of carbon credits are from projects 8-10 years old; Ether and other major altcoins plummet.

By Sam Reynolds, James RubinJun 30, 2022

Markets

Bitcoin Drops to Nearly $19K as Fed Renews Inflation Warnings

Central bank leaders warned Wednesday that inflation is going to last longer than some estimated.

By Shaurya MalwaJun 30, 2022

Jerome Powell, presidente de la Fed, en una conferencia de prensa en junio, 2022. (Fuente: Reserva Federal)

Markets

First Mover Asia: How Traders Are Shorting Tether Stablecoins; Bitcoin Falls but Holds Above $20K

Hedge funds are increasingly betting against USDT in anticipation of it losing value amid concerns about the coin’s reserve backing and systemic risks; ether drops.

By Shaurya Malwa, James RubinJun 30, 2022

Hedge funds are increasingly betting against Tether. (Andreas Wagner/Unsplash)

Finance

Nansen Report Shows Links Between Terra Collapse and stETH 'De-peg'

The report also explores how Celsius, Three Arrows Capital, and other firms were impacted by stETH's deviation from ETH.

By Sam KesslerJun 29, 2022

June was a month the crypto industry would rather forget. (Adam Gault/Getty Images)

Markets

First Mover Asia: Remember ICOs? You Would Have Made a Fortune if You HODLed; Bitcoin Slogs Toward $20K

Investors who purchased a breadbasket of blue chip coin offerings about five years ago would have generated an 819% return, even with the current bear market; most cryptos fell in Tuesday trading.

By Sam Reynolds, James RubinJun 28, 2022

Investors who hodled "blue chip" ICOs generated sizable returns. (Cryptograffiti)

Finance

Investment Firm Cypherpunk Holdings Sells All of Its Bitcoin and Ether

The publicly listed firm has transitioned its treasury to cash amid increased market volatility, but it hasn’t ruled out reinvesting in cryptocurrencies when the market settles down.

By Elizabeth NapolitanoJun 28, 2022