Back in December 2017, when BTC hit $20,000 for the first time, altcoins such as Bitcoin Cash, XRP and Litecoin were firm favorites in the top five. Tether and Binance Coin were nowhere to be seen among the 20 biggest coins. Some, like Polkadot, didn’t even exist. Fast forward to 2021, and the rundown of the 10 biggest cryptocurrencies by market cap looks very different indeed.
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After XRP airdrop, Flare Network branches out
If the headline-grabbing drama concerning XRP has affected Flare Networks in any way, the project has done a good job of hiding it
In the wake of the SEC’s lawsuit against Ripple, XRP tumbled from $0.50 to lows of just $0.20… with one analyst making the dire prediction that the embattled altcoin will be a “remnant of history” by the end of 2021. But if the headline-grabbing drama has affected Flare Networks, the project’s done a very good job of hiding it—with the start-up making a slew of announcements as it prepares for launch.
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A new service from PayPal allows its customers to buy, hold and sell cryptocurrency directly from their PayPal account (Photo: PayPal)PayPal crypto service goes live
The digital payments company’s U.S. customers can now buy and sell bitcoin, ether, bitcoin cash, and litecoin in their accounts, heralding a new level of mainstream availability for cryptocurrencies
Announced last month, the crypto support went live for U.S. customers on Nov. 12, marking a new level of mainstream availability of cryptocurrency. In addition, PayPal said it will “significantly increase cryptocurrency's utility” as it will be usable for purchases at the company’s network of 26 million merchants worldwide.
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Bloomberg: Is PayPal buying crypto custodian BitGo?
The report cites anonymous sources who say PayPal is in talks to buy crypto firms including the competitor of its announced custodian Paxos
Citing anonymous sources, the Bloomberg report said that PayPal Holdings is looking to double down on its jump into crypto this week. No other firms were mentioned by name, and the sources made clear BitGo was not a done deal.
