E-newsletter November 2021

It is the perfect time of the 12 months: the crypto bull run season. This month was filled with neighborhood moments and have launches, and we will not wait to see how the remainder of the 12 months performs out.

ICYMI: Recurring purchases, new property, and a makeover

Recurring purchases at the moment are dwell on the Blockchain.com pockets. Now you can arrange automated day by day, weekly, bi-weekly and month-to-month purchases proper out of your pockets. Learn on to study extra about recurring purchases and greenback value averaging.

This month we additionally welcomed a brand new asset to our platform: Celo Euro (cEUR).

Stablecoins are on the rise and for good purpose. They provide the advantages of crypto whereas defending in opposition to worth volatility. With cEUR, there at the moment are larger alternatives for Europeans – and everybody all over the world – to put money into stablecoins.

CJ Rinaldi joins Blockchain.com as our world chief compliance officer. As crypto turns into mainstream, it’s extra necessary than ever for Blockchain.com to set the very best requirements for shielding shoppers and combating criminal activity. CJ brings greater than 30 years of regulatory compliance, CCO and management expertise to the way forward for finance.

The underside line

Whereas Bitcoin is buying and selling above $ 10,000 from its all-time excessive of $ 68,521 earlier this month, analysts are nonetheless predicting a wild December. Ether can also be buying and selling under its all-time excessive of $ 4,865. Between token burns and the slowing tempo of minting, many analysts predict a equally electrifying finish to the top of the 12 months.

Characteristic of the month: Recurring purchases

Timing the market may be difficult.

It is for that reason that many astute buyers use a method referred to as greenback value averaging. As a substitute of investing a lump sum, unfold your investments over a collection of recurring purchases.

Over the previous 5 years, Bitcoin weekly purchases have outperformed the market’s timing 82% of the time. And now you may automate your technique with Recurring Buys.

The cryptosphere

ConstitutionalDAO raised $ 47 million value of ether in per week to buy a uncommon first version of the U.S. Structure at a Sotheby’s public sale. Sadly, the group was outbid in a bitter bidding struggle, however not with out turning just a few heads.

El Salvador plans to create the primary “Bitcoin Metropolis” backed by Bitcoin bonds. President Nayib Bukele introduced this month that the town can be constructed subsequent to a volcano – the supply of its Bitcoin mining energy. This comes just a few months after El Salvador turned the primary nation on the planet to undertake Bitcoin as authorized tender.

Blockchain.com on the information

  • Be In Crypto – David Thomas studies that Blockchain.com added 22 million distinctive wallets in 2021.
  • CoinDesk – Mining infrastructure firm GRIID has secured a $ 525 million credit score facility from cryptocurrency alternate and pockets supplier Blockchain.com.
  • Wall Road Journal – WSJ reported on the hiring of our Chief Compliance Officer, CJ Rinaldi
  • Yahoo! – Sam Cooling’s coated zkSync assist via Blockchain.com Ventures.
  • Yahoo! Finance – Blockchain.com CEO and Co-Founder Peter Smith sat down with Zach Guzman to debate constructing the enterprise, managing development, and extra.

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