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Bitcoin Shortage? Pantera Thinks Market Rally Driven by PayPal Buys


PayPal’s recent leap into the crypto market is helping to drive the current bitcoin (BTC) rally, according to Pantera, a prominent cryptocurrency and blockchain investment firm. In an investor letter published Nov. 20, the venture firm compared the ongoing bull market to the last time BTC rose...

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets


Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s...

Bitcoin Above USD 16,400 as More PayPal Users Start Buying Crypto


Bitcoin (BTC) extended its gains following the news that online payments giant PayPal opened its new crypto services to all its users in the US (excluding Hawaii), doubling the maximum dollar amount that could be spent on cryptoassets. "We are pleased to announce that all eligible PayPal...

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