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Stablecoins·

Money is leaving the crypto market — the supply of stablecoins, the dollars traders keep on exchanges, has shrunk by $14.2 billion in 30 days. That is the fastest drop since June 2022.

Bitcoin trades near $74,000, below the $75,600 average price paid by recent buyers. Only about 35% of their coins are in profit.

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Discount Bank·

Israel Discount Bank will let customers buy, hold and sell Bitcoin and Ethereum right in its mobile app from November 26.

No separate crypto exchange or wallet is needed, and money from sales goes straight to the account: until now, Israeli banks often demanded proof of where money from exchanges came from. The bank will withhold the tax on gains itself, as with stocks.

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Scotland·

A Scottish prisoner tried to organise a £2 million crypto robbery from his cell — Robert Barr sent two accomplices to a couple's home to force them to hand over access to their cryptocurrency wallet.

The couple did not open the door, and two months later guards found messages on Barr's phone that exposed him. A court in Glasgow sentenced Barr to 8 years, and his accomplices to 4 and 5 years.

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