Weekly Recap November 16th, 2020 – November 23th, 2020 Welcome to our 3rd weekly recap for November. Overview Crypto News [7] The Dollar Loses 10% Against Chinese Yuan The dollar has lost significant value against the Chinese Yuan (CNY) since May of this year. It has dropped from $1 buying you 7.2 CNY to now just 6.5 CNY, its lowest level in two years. [6] XRP Utility Fork Incoming Crypto investors who register their XRP in an eligible account will receive free Spark tokens in a 1:1 ratio when the Ripple-backed blockchain company holds its “snapshot day” on December 12th. Recipients will retain ownership of their XRP holdings while receiving the new tokens. [5] Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal. [4] New Ethereum 2.0 Testnet SuccessfullyContinue reading »
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