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: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness

A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.

By Sam Reynolds, Damanick Dantes, James RubinMay 17, 2022

Mercado bajista —bear market, en inglés— de cripto. (Olen Gandy, Unsplash)

Markets

First Mover Asia: Metaverse ETFs Are Underperforming Gaming ETFs; Cryptos Return to the Red

Public interest continues to grow about the metaverse, but not as much in metaverse ETFs. Does crypto belong in everything?

By Sam Reynolds, Damanick Dantes, James RubinMay 16, 2022

A scene from inside Decentral Games' metaverse casino. (Eli Tan/CoinDesk)

Markets

First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds

Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.

By Sam Reynolds, Damanick Dantes, James RubinMay 15, 2022

Singapore (Lauryn Ishak/Bloomberg via Getty Images)

Markets

Market Wrap: Cryptos Are Higher After a Volatile Week

Some analysts remain cautious and expect lower price returns for bitcoin over the next few months.

By Damanick DantesMay 13, 2022

(Jungwoo Hong/Unsplash)

Markets

Crypto-Related Stocks in Asia See Volatile Trading Amid Bitcoin Recovery

Traditional market investors risked off publicly traded companies related to the crypto sector amid a drop in prices this week.

By Shaurya MalwaMay 13, 2022

(Pixabay, modified by CoinDesk)

Markets

First Mover Asia: Terra’s Planetary Collapse Is Taking Down Crypto Lending, Altcoins Plummet

Data suggests that many traders are moving their assets from DeFi platforms; bitcoin rallies after falling below $26,000 in Thursday trading.

By Sam Reynolds, Damanick Dantes, James RubinMay 12, 2022

DeFi risk concept crocodile (Getty)

Markets

Market Wrap: Bitcoin Stabilizes as Altcoins Underperform; Expect More Volatility

Analysts expect greater price swings because of macroeconomic risks and ongoing stablecoin woes.

By Damanick DantesMay 12, 2022

Volatility ahead (Matt Hardy/Unsplash)

Finance

Brazil’s Largest Brokerage, XP, Set to Launch Crypto Trading Feature

Built on Nasdaq's trading technology, the platform will allow users to buy bitcoin and ether.

By Rodrigo TolottiMay 12, 2022

Sao Paulo, Brazil (Bruno Thethe/Unsplash)

Markets

Ether Futures Lead $1.2B in Liquidations, Crypto Market Cap Drops 16% Overnight

The past 24 hours were among of the biggest crypto market drops in recent months.

By Shaurya MalwaMay 12, 2022

Los mercados cripto registraron más de US$700 millones en liquidaciones de operaciones en corto. (Pixabay)

Markets

First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins

A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.

By Shaurya Malwa, Damanick Dantes, James RubinMay 11, 2022

Bitcoin and other major cryptos plummeted. (Shutterstock)
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