“Bitcoin shortage”: PayPal bought 70% of all mined BTC last monthBTC $18,373 (-0.8%) • ETH $605 (+6.3%) • XRP $0.60 (+31%)
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Crypto hedge fund Pantera Capital revealed global payments processor PayPal purchased over 70% of all Bitcoin mined in the past month, as per an investor letter published last week. PayPal began its crypto offering to US clients earlier this month to a warm response, with data suggesting purchases of up to $20 million in Bitcoin (and other cryptocurrencies) daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬U.S. feds forget to seize $400k in Bitcoin forksCrypto research firm Coinfirm has found that US authorities have left “substantial funds” left on various cryptocurrency wallets seized from criminals over the years, as a result of multiple “forks” that issued newer cryptocurrencies that traded on public markets. The Ethereum 2.0 launch won’t happen on Dec. 1st unless $130m is depositedAll eyes will be on Ethereum over the next 24 hours. Zero crypto-assets in the top 100 are down today as Bitcoin bull run continuesAfter fears that Bitcoin would tank on the weekend (and it did), the crypto bull run seems to be back in full force as of Monday morning. On-chain metrics show where Litecoin might be heading nextLitecoin, the sixth most valuable cryptocurrency in the global market, increased by 30% in the past week. Analyst who predicted Bitcoin rally to $18,000 begins to build a short positionBitcoin has undergone an extremely strong rally over the past few weeks that has brought the coin as high as $18,900. How YFI competitor Pickle Finance was exploited for $20m in Ethereum stablecoinsCall it a hack or call it an exploit, yesterday an unknown attacker managed to drain $20 million from an Ethereum-based yield aggregator called Pickle Finance into their own address. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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