Good morning!
Bitcoin has not been able to flex hard enough to retest the ATH of $67,000 we saw last week which is fueling some doubts about whether the momentum has cooled off for the time being.
This week is big for the cryptocurrency with central bank meetings in the US, UK and Australia all set to commence to determine the stickiness of inflation and review how each of their respective policies respond to same.
Whatever comes next, crypto evangelists are celebrating as Bitcoin sees the highest monthly close in its history. $61,000 has now become the target to beat for November.
I have mentioned Plan B on this newsletter before - he has been moreless on the money with his price predictions and he expects $98,000 to be on the cards by the end of the month and $135,000 by the end of December. Check out the tweet below.
With two months left in Q4 - things are heating up and bitcoin has a lot of work to do to achieve the predictions set by the bulls on Twitter.
Let’s get started.
Markets
As of 1st November 2021
(source: coinmarketcap)
Headline roundup
JP Morgan, DBS blockchain payment platform Partior launches first pilot (LI)
Bitcoin eyes fed meeting after biggest monthly price gain since December (CD)
HSBC, Stanchart in Sri Lankan blockchain trial for shared KYC (LI)
Ant Group, Tencent, JD.com sign NFT ‘self regulation’ (CD)
DBS Bank joins governing council of DLT Hedera Hashgraph (LI)
AWS looks to drive crypto settlement and custody to the cloud (CD)
Dubai introduces security token regulations, including P2P trading (LI)
Bitmain appoints new legal rep and GM (CD)
Mastercard partners with Bakkt to offer crypto to banks and fintechs (LI)
CBDC
Ex Central Bank head sees drive for less US dollar usage globally (LI)
Nigeria launches second-largest CBDC pilot (LI)
VC
GreenPark Sports raises $31m for NBA, La Liga social gaming NFTs (LI)
NYDIG purchases UK payments startup Bottlepay (CD)
Richard Li, Winklevoss-backed CMCC global targets (CD)
Palantir-linked elements raises $12m for Crypto intelligence platform (CD)
Bitconomoy raises $11.5m in public sale of native token BICO (CD)
Alameda research pumps $75m funding into Voyager Digital (CD)
NFT software firm Nameless raises $15m to expand its team (CD)
Meme of the week
About Me
My name is Michael Burke, and I started working in the blockchain space about 4 years ago, firstly with Deloitte, now with R3, where I help our customers build enterprise solutions utilising the Corda platform. My interest in blockchain and cryptocurrency stems from the sheer potential of the technology to completely transform industries and value chains for the better.