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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.
First Mover Asia: Bitcoin Tumbles Below $27K Amid Heightening Inflation Concerns
Ether and other major altcoins underperformed BTC over the weekend as investors continued to steer away from riskier assets; Is there a case for inflation?
Why VanEck CEO is ‘Focused on Ether’ Over Bitcoin Right Now
VanEck CEO Jan van Eck discusses his outlook on the crypto market, as May CPI shows an increase of 8.6% year-over-year. He also explains why he’s more focused on ether (ETH) over bitcoin (BTC).
First Mover Asia: Ethereum’s Ropsten ‘Merge’ Prompts Mixed Analyst Sentiment; Bitcoin Is Flat
Some observers question whether Ethereum can stay relevant after switching from a proof-of-work model, but others are upbeat about the shift to a proof-of-stake design; cryptos have a mixed day.
First Mover Asia: Crypto’s Institutional Future May Be Incompatible With Litecoin’s Privacy Protecting Features; Bitcoin Falls
Major South Korean exchanges are delisting the token after privacy upgrades involving the MimbleWimble protocol designed to make transactions confidential and virtually untraceable.
Ethereum’s Ropsten Testnet Has Completed its Merge
The Ethereum blockchain’s first dress rehearsal for its upcoming merge was successfully completed Wednesday. “The Hash” discusses the long-awaited milestone in Ethereum’s journey toward a new proof-of-stake (PoS) consensus mechanism.
First Mover Asia: For the Metaverse to Be a $13T Opportunity, Much Has to Change; Bitcoin Rises Late Past $31K
A Citi report makes a bold prediction, but major metaverse platforms are struggling to attract committed users; altcoins are mixed.
Investors View Polkadot as an Alternative Layer 1, Coinbase Says
The market cap of Polkadot’s DOT token relative to ether has been falling since November, according to the report.
First Mover Asia: When It Comes to Crypto, Hong Kong Isn’t the World’s ‘Freest Economy’; Bitcoin Has a Late Fall Below $30K
A memo by the city’s securities and futures regulator reminds investors of the risks of NFTs; altcoins surge and then drop.
Crypto Miner Hive Blockchain Selling Ether to Pay for Intel Mining Rigs
The miner expects to have a bitcoin-equivalent hashrate of 6.2 exahash per second (EH/s) in the next 12 months.
