April 15 Daily report: Dallas Mavericks fans bought $122,000 of merch using Dogecoin price , ETH spikes to new record highs draw closer to $2,500, Grayscale tops $50 billion, XRP rallies to $1.96 and Bitcoin power consumption ‘66 times higher than in 2015’

Grayscale tops $50 billion: ‘Will soon pass Worlds Largest Commodity ETF’

Grayscale continues to grow, passing $50 billion. That’s equivalent to the world’s second-largest commodity ETF. Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale’s AUM is creeping ever closer to the $57 billion holdings of the worlds largest commodity ETF.

Dallas Mavericks fans bought $122,000 of merch using Dogecoin price

The billionaire owner of the Dallas Mavericks, Mark Cuban, tweeted his team had sold more than $122,000 worth of merch paid for in Dogecoin price. He added he intends to keep every token earned. Given the hazy use case of Dogecoin price and its infinite supply, this turn of events has raised a few eyebrows. 

ETH spikes to new record highs draw closer to $2,500

Ethereum ignores a brief hiccup in the market to trade new all-time highs at $2,453.

ETH’s short-term technical picture is firmly bullish, as shown by the MACD.

Ethereum hits another milestone, extending the bullish leg toward $2,500. Across the board, crypto-assets retreated, but Ether remains steady.

$420M in leveraged long traders liquidated after XRP rallies to $1.96

XRP price dropped by 20% shortly after making a 2021 high at $1.96, but have the altcoin’s bullish fundamentals changed. XRP holders couldn’t have asked for a better year as the cryptocurrency rallied almost 800% and flirted with a $2 level in the early hours of April 14. 

Bitcoin power consumption ‘66 times higher than in 2015’

The Bitcoin energy consumption debate is heating up faster than the planet, with corporations facing pushback from the public and shareholders over Bitcoin investments. According to a Citigroup Inc. report, Bitcoin is consuming 66 times more electricity than it did in 2015. It added that the carbon emissions associated with mining will likely face increasing scrutiny, according to Bloomberg.

Dogecoin price exceeds 10 cents to reach an all-time high

This week, Bitcoin and Ethereum aren’t the only digital currencies that have set new highs. Dogecoin price , the cryptocurrency with a Shiba Inu dog’s face as its logo, has surpassed 10 cents for the first time.

Dogecoin price

According to CoinDesk, the virtual currency, which began as an internet parody more than seven years ago, has increased by more than 85 percent in the last 24 hours and is currently trading at $0.13. Its market capitalization has risen to more than $17 billion.

The latest surge comes as investors prepare for the direct listing of cryptocurrency exchange Coinbase Global, which could help validate cryptocurrency buying and selling as a business even more. Bitcoin also soared to a new high above $62,700 this week in anticipation of the listing, and other cryptocurrencies have seen significant gains as well.

However, the rise of Dogecoin is noteworthy. The currency has increased in value by more than 2,000 percent since the beginning of the year, and it has a big fan in Tesla CEO Elon Musk, whose tweets about it have occasionally boosted its value.

Dogecoin Price Community Drive

Dogecoin has also gained cult status on Reddit, where a popular group — similar to the WallStreetBets group behind GameStop’s rally — decided earlier this year to push its value “to the moon.” Dogecoin’s value increased by over 600% as a result of that push.

Musk is Dogecoin’s most wealthy supporter, but he has previously criticized the more established bitcoin, calling it “BS” in a tweet. Musk, however, stated in a February interview on the social app Clubhouse that he should have purchased that digital currency eight years ago. His company, Tesla, has also promised customers that they will purchase their vehicles using bitcoin.

Source : CNN Business

TIME MAGAZINE HOLDING BITCOIN

TIME Magazine, a legacy media institution, will be paid in holding bitcoin for a cryptocurrency video project and will keeping the asset on its balance sheet.

Michael Sonnenshein, the CEO of digital currency investment company Grayscale, has announced a collaboration with TIME Magazine to create a video series about cryptocurrencies, with the publication being paid in bitcoin and keeping BTC on its balance sheet.

Time Magazine on Holding Bitcoin

“Thrilled Grayscale is partnering with TIME on a new video series coming this summer explaining the crypto space,” Sonnenshein tweeted. “Equally as important, [TIME Presiden] Keith Grossman and TIME has agreed to be paid in bitcoin — and will hold the BTC on their balance sheet. A first for our media partnerships!”

The New York-based newspaper recently expressed its interest in Holding Bitcoin and other crypto-assets by announcing that it was looking for a chief financial officer with “comfort with Bitcoin and cryptocurrencies.” The publication stated in the job posting that its business was changing and that it needed the support of a CFO who could help it keep up.

“The media industry is undergoing a rapid evolution, TIME is seeking a Chief Financial Officer who can help guide its transformation,” per the listing.

Aside from that, three of the publishing house’s covers were sold as nun-fungible tokens (NFTs), indicating the company’s growing pro-crypto leanings.

According to TheStreet Crypto, “TIME represents the first legacy media brand that will hold bitcoin.”

Notably, the company will be entering the ranks of MicroStrategy, Tesla, Square, and a slew of other well-known companies that carry bitcoin. Many of these businesses agree that the digital asset will help them defend themselves from increasing inflation.

Source : Bitcoin magazine

April 14 Daily report: Ethereum price launches for new record highs above $3,000, XRP Surges Past $1.85, Bitcoin Price is Signaling Upside Continuation To $65K, Exodus Wallet raises almost $60M and Elon Musk’s favourite ‘Godzilla’ movie has got its own exclusive NFTs

Ethereum price launches for new record highs above $3,000

Ethereum bulls’ persistent push for new all-time highs yields after breaking $2,300. Ethereum has been keen on joining the ongoing bull cycle. Initially, it was an uphill task to reclaim the ground above $2,000, but bulls never lost focus. Support at $2,200 confirmed the market stability, allowing buyers to glance at higher price levels. Ethereum price launches for new record highs above $3,000.

XRP Surges Past $1.85 As Ripple Executives File Motion to Dismiss SEC Lawsuit

Ripple’s XRP seems to unstoppable at this point as the world’s fourth-largest cryptocurrency recently surged past $1.85 levels with its market cap moving above $82 billion. XRP is currently trading at a 3-year high and at levels last seen during the 2018 altcoin bull run.

Bitcoin Price is Signaling Upside Continuation To $65K

Bitcoin price started a fresh increase and it cleared the $62,000 resistance against the US Dollar. BTC traded to a new all-time high near $63,862 and it is likely to continue higher. Bitcoin extended its rise above the $62,000 and $63,000 resistance levels.

Exodus Wallet raises almost $60M in crypto in regulated offering

Crypto wallet provider Exodus has raised more than $59 million in just five days as investors flocked to participate in the public offering. Exodus Movement, Inc., a firm based in Delaware, began selling stock on April 8 in a sale that was approved by the U.S. Securities and Exchange Commission (SEC).

Elon Musk’s favourite ‘Godzilla’ movie has got its own exclusive NFTs

The ‘Godzilla verse Kong’ movie, a spin-off of movie characters Godzilla and King Kong, has now got its own exclusive line-up of non-fungible tokens (NFT), CryptoSlate learned in a release. There’s still a chance to get hold of one of these glowing Godzilla 3D figures!

Bitcoin reaches an all-time high of $62,575

INDIA: On Tuesday, Bitcoin reaches all-time high of $62,575, expanding its 2021 rally to new heights.

The price of the world’s largest cryptocurrency has more than doubled this year, owing to increasing mainstream acceptance as an investment and a form of payment, as well as investors seeking high-yielding assets in an environment of low-interest rates.

BNY Mellon, Mastercard Inc, and Tesla Inc are among the major companies that have adopted or invested in cryptocurrencies.

source : The Economic Times