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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.
Market Wrap: Cryptocurrencies Pull Back in Light Trading
"We aren't out of the woods yet," one analyst said; meanwhile, ETH is starting to underperform BTC.
First Mover Asia: Bitcoin Cracks $44K as Short-Term Investors Take Profits
Ether and other major altcoins were up over the past 24 hours.
KPMG Canada Adds Crypto to Its Balance Sheet
The accounting firm acquired an undisclosed amount of bitcoin and ether using Gemini Trust’s execution and custody services.
Crypto Fund Inflows Follow Pickup in Market Sentiment
Inflows into digital-asset funds last week were 4.5 times what they were the week before.
$4.4M Stolen in Hack of Blockchain Infrastructure Firm Meter
According to PeckShield, the hack on Saturday saw more than 1391 ETH and 2.74 BTC stolen.
Bitcoin Will Reach $200K in Second Half of 2022, FSInsight Says
Ether could reach $12,000, the report said.
First Mover Asia: Bitcoin Sees Little Movement After Light Weekend Trading
Bitcoin moved little on Sunday after another weekend with light volume, while tokens associated with gaming saw a price bump.
Market Wrap: Bitcoin Rallies as Altcoins Take the Lead
Bitcoin rose 11% in the past 24 hours, less than the 13% jump in ETH and 20% rise in NEAR.
First Mover Asia: Bitcoin Is Flat in Muted Trading; Ether Declines
The largest cryptocurrency by market capitalization declined before recovering ground later in the day.
Market Wrap: Bitcoin Range-Bound as Altcoins Underperform
Choppy trading conditions may reflect uncertainty among investors.
