Blockchain Today Weekly Digest

23 Nov — 29 Nov

Mike Novogratz urged investors to put 3% of their capital into Bitcoin. This is not the first time the CEO of Galaxy Digital is talking about the cryptocurrency and its importance.

According to Galaxy Digital CEO Mike Novogratz, BTC will grow in value in the long term. The businessman and BTC supporter expressed his forecast in an interview with Yahoo Finance Live.

Novogratz stressed that the rise of cryptocurrency this year was the result of massive capital inflows into this asset from institutional investors.

DeFi protocol Yearn Finance cooperates with Pickle to support yield farming and repay sufferers of the lately occurred Pickle attack as a result of which $20 M worth of Dai was lost.

The creator of Yearn Andre Cronje explained that the partnership aims to lessen duplicate work, improve trades, and control shared expertise.

Pantera Capital said in a recent letter to investors that payment company PayPal has acquired the equivalent of nearly 70% of all BTC that have been mined in the past month.

PayPal launched its cryptocurrency service this month for US customers. The company noted a high demand for cryptocurrency among users.

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