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Report: Bitcoin Set for its Biggest Breakout Yet


A recent Coinmetrics report says on-chain fundamentals are hinting at bitcoin experiencing its biggest breakout yet. The report notes that bitcoin is already showing signs of this following its rise by about $1,000 in one day on October 21. The digital asset has subsequently set a new all-time high...

DeFi Winning ‘Bullish’ Fans, But Ethereum’s ‘Crown’ In Danger – Report


Source: Adobe/Сергей Шиманович The Digital Currency Group has suggested that the decentralized finance (DeFi) movement could one day outgrow the blockchain network it was primarily built upon – Ethereum (ETH) – and claimed that its founders were “more bullish on DeFi than on its current technical...

PayPal In M&A Talks With Wrapped Bitcoin Custodian BitGo - Report


Mike Belshe, Co-founder and CEO of BitGo. Source: a video screenshot, Youtube/Bloomberg It seems that online payments giant PayPal has bigger plans in the Cryptoverse. Within weeks, the company could reach a deal to buy US-based major crypto custodian BitGo, Bloomberg reported, citing undisclosed...

Price Increase Drives 98% of Bitcoin Holders Into a State of Profit


The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics. Based on...

Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin


Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtual coins with the company’s online wallets. The company also says its customers will able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021. A report...

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