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: Hong Kong Isn’t Sure if It Needs a CBDC

The issues that have prompted other countries to explore a central bank digital currency don’t exist to the same extent in Hong Kong; bitcoin continues its mini-upswing.

By Sam Reynolds, Damanick Dantes, James RubinApr 28, 2022

Hong Kong faces a choice about pursuing a CBDC. (Camerique/ClassicStock/Getty Images)

Markets

First Mover Asia: Indian Crypto Exchanges' Trading Volume Continues to Dive Following New Tax Law; Cryptos Higher

WazirX and CoinDcx volumes were less than a third of their levels prior to the regulations going into effect; bitcoin and ether rise.

By Shaurya Malwa, Damanick Dantes, James RubinApr 27, 2022

India (Kriangkrai Thitimakorn/Getty Images)

Markets

Bitcoin Recovers to $39K as Stocks Rebound

The largest cryptocurrency's correlation with tech stocks has strengthened.

By Angelique ChenApr 27, 2022

As of press time the largest cryptocurrency was up 1.8% in the past 24 hours, trading at $38,989.

Finance

First Mover Americas: When $1M Bitcoin?

The latest moves in crypto markets in context for April 27, 2022.

By Omkar Godbole, Parikshit MishraApr 27, 2022

Markets

Dogecoin, Terra Fall Steepest Among Major Cryptos as Long Traders Lose $280M

Digital assets lost 3.5% in capitalization over the past 24 hours but gradually recovered during European morning hours on Wednesday.

By Shaurya MalwaApr 27, 2022

Markets

First Mover Asia: Spot Bitcoin ETFs Are Launching in Australia but Elsewhere They Face Brutal Fund Outflows

Australia follows a lengthy list of spot bitcoin issuances in Europe and Canada, but these products come at a challenging time for crypto; bitcoin and ether drop.

By Sam Reynolds, Damanick Dantes, James RubinApr 26, 2022

Melbourne city at night (James O'Neil/ Getty Images)

Markets

First Mover Asia: Slow Start to the Week for Crypto as China Lockdowns Drag on Stocks, S&P 500

Major equity markets in Asia have declined significantly in recent months, and bitcoin has followed a similar pattern.

By Sam Reynolds, Damanick Dantes, Bradley KeounApr 25, 2022

Tech

GPUs Get Cheaper as Ethereum’s Switch to Proof-of-Stake Gets Closer

The network's planned switch to PoS has been pushing prices for graphics cards down.

By Eliza GkritsiApr 25, 2022

An Asus graphics card. (Joseph Greve/Unsplash)

Markets

First Mover Asia: The Metaverse Is Subject to Earth’s Boring Old Rules

GameFi adoption has been hitting obstacles worldwide, including in China and South Korea, because of laws about converting in-game tokens to currency.

By Sam Reynolds, Damanick Dantes, James RubinApr 24, 2022