May 2021
NEWSLETTER
In this Issue
→
Reports:
Bitvo’s weekly trading updates for May
→
New from Bitvo:
Ethereum | Crypto stats | Bitcoin and Ether as money
→
Announcements:
Intro to Crypto | Women in the New Economy | Security alert
→
The Network:
Tesla & Bitcoin |
China & Crypto | Energy Usage | More News
Looking for more of Bitvo’s trading reports?
May Trading in Review
Weekly crypto highlights, including general and cryptocurrency specific
news of interest, as well as YTD trading history and current environment
for BTC, ETH, XRP, LTC and more.
Weekly
Trading Updates
New from Bitvo
Like what you see?
Ethereum, the world’s decentralized computer
Ethereum is so much more than just ETH. It’s a powerful foundation for
decentralized finance, and free expression.
Crypto stats that show how far we’ve come
What Bitcoin, Ether and the crypto space have accomplished so far is
remarkable.
Your Bitcoin and Ether are finally becoming money
Crypto was supposed to be the future of money. But it became more of a
tradable asset. Now the money part is back.
Announcements
On June 1st (that’s tomorrow!), Bitvo is sponsoring the
Women in the New Economy event.
All
are (virtually) welcome.
Security Alert!
Please note that Bitvo will NEVER ask you to send your funds to ANY other
cryptocurrency-related third party. We’re seeing an increase in scams like these
(particularly from groups referring to themselves as RBCmarkets and Digital
Currency Markets). Please be careful and DO NOT send your funds to any third
party that you have not fully researched and vetted. Be particularly leery of
anyone that promises returns.
1-833-862-4886
Need help? Bitvo offers 24/7 customer support!
Looking to introduce your friends and
family to crypto?
This month’s online edition of
Community Now Magazine includes
an article,
written by former Bitvo associate Al
Del Degan. Check it out!
Around the Network
Want to know what we are up to?
Tesla clotheslines Bitcoin:
Tesla uses its broad public platform to
Does China have a problem?
The Chinese government is cracking down on crypto
for the
umpteenth time. Part of it is volatility. The other part they say is using coal for bitcoin
mining. Considering China added 85% of the worldwide coal capacity last year…
How it’s going:
Musk and Saylor got together with North American miners
to secure
commitments to renewables.
Is energy use the same as carbon?
Nic Carter with a solid overview of the mining and energy
Bitcoin’s energy use in context:
This is an excellent summary of Bitcoin energy usage
by
Galaxy Digital mining, (one of the miners that met with Saylor and Musk). It isn’t the final
word, but provides additional context and perspective.
Liquidation:
Coinmetrics has
a section in their recent newsletter describing the liquidation in
following the Tesla/China dog pile. Even when you don’t use leverage to trade, it’s a
good idea to understand how it can impact a market.
DeFi:
From Wharton and the WEF,
a brief but detailed report on DeFi.
