{"id":113354,"date":"2021-05-01T18:58:40","date_gmt":"2021-05-01T18:58:40","guid":{"rendered":"https:\/\/fin2me.com\/?p=113354"},"modified":"2021-05-01T18:58:40","modified_gmt":"2021-05-01T18:58:40","slug":"consensys-ceo-crypto-is-crossing-the-chasm-into-popular-culture","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/consensys-ceo-crypto-is-crossing-the-chasm-into-popular-culture\/","title":{"rendered":"ConsenSys CEO: Crypto is crossing the chasm into popular culture"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Bitcoin prices continued their rebound Saturday, rising about 6% to nearly $58,000. But the world&#8217;s largest cryptocurrency has been overshadowed lately by its younger sibling, Ethereum.<\/p>\n<p>Ethereum, or ether for short, hit a new record high Saturday of just over $2,900. Ether prices have nearly quadrupled in 2021, soaring 290%. Bitcoin has had a great run too this year, doubling in value.<br \/>\nThe total value of all Ethereum in circulation is now about $333 billion, according to CoinMarketCap. <span>Bitcoin&#8217;s<\/span> <span>(<span>XBT<\/span>)<\/span> market value is nearly $1.1 trillion. <\/p>\n<ul><\/ul>\n<p>While there are thousands of cryptocurrencies &#8212; including the Elon Musk tweet-fueled Dogecoin &#8212; Bitcoin and ether account for nearly two-thirds of the entire $2.2 trillion global crypto market.<\/p>\n<ul><\/ul>\n<p>Bitcoin has soared this year in part due to increased adoption from corporate America. Musk&#8217;s <span>Tesla<\/span> <span>(<span>TSLA<\/span>)<\/span> and software firm <span>MicroStrategy<\/span> <span>(<span>MSTR<\/span>)<\/span> have bought bitcoin to hold on their balance sheets. Digital payments giants <span>Square<\/span> <span>(<span>SQ<\/span>)<\/span> and <span>PayPal<\/span> <span>(<span>PYPL<\/span>)<\/span> are letting users buy, sell and hold crypto, too. <\/p>\n<p>But Ethereum has enjoyed an even bigger surge than Bitcoin because it is the cryptocurrency of choice for the purchases of many non-fungible tokens, or NFTs &#8212; which have taken the art and broader collectibles world by storm.<br \/>\n<img decoding=\"async\" alt=\"Blockchain: What is it, and why does it matter?\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/210420123012-bitcoin-blockchain-restricted-large-169.jpg\"><br \/>\nOne NFT piece by digital artist Beeple sold for nearly $70 million at a Christie&#8217;s auction earlier this year. Baseball trading card company Topps has gotten into the NFT game by selling virtual cards and is now going public through a merger with a blank check special purpose acquisition company, or SPAC.<\/p>\n<ul><\/ul>\n<p>NFTs often offer fans of an artist, celebrity or athlete unique video and other digital content. Super Bowl champion Tom Brady now has his own NFT company.<br \/>\nAnd two players selected in this week&#8217;s NFL Draft, Heisman Trophy winner DeVonta Smith and defensive end Kwity Paye, also launched NFTs. A portion of sales from Smith&#8217;s NFTs will go to charity, he said. Paye has said that all of his NFT sales are going to a non-profit organization.<br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2021\/05\/01\/investing\/ethereum-bitcoin-record-high\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Bitcoin prices continued their rebound Saturday, rising about 6% to nearly $58,000. But the world&#8217;s largest cryptocurrency has been overshadowed lately by [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":113353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ConsenSys CEO: Crypto is crossing the chasm into popular culture - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/consensys-ceo-crypto-is-crossing-the-chasm-into-popular-culture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ConsenSys CEO: Crypto is crossing the chasm into popular culture - Fin2me\" \/>\n<meta property=\"og:description\" content=\"New York (CNN Business)Bitcoin prices continued their rebound Saturday, rising about 6% to nearly $58,000. 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