Bitvo Monthly Newsletter – May



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What’s happening in crypto. Bitvo’s May Trading Reports 

Taxes for your crypto gains are due to be filed now! Are you ready?
Four resources for the cryptocurrency trader

How do you use a cryptocurrency exchange?
Check out our Bitcoin Pizza Day pics! And other events and announcements

Jamie Dimon’s JP Morgan crew pivots, and more in your links for the month

May 2020 Newsletter

In This Issue:



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You can access all of Bitvo’s trading reports here.

Weekly Trading Update – May 4, 2020

Weekly Trading Update – May 11, 2020
Weekly Trading Update – May 19, 2020
Weekly Trading Update – May 25, 2020

Trading for the Month of

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.



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New From Bitvo

Taxes for your crypto gains are due to be filed now!

Tax time is important for two reasons: To figure out if and what you owe and to see
how you did last year.

Four resources for the cryptocurrency trader

The four tools every cryptocurrency trader should explore… 

How do you use a cryptocurrency exchange?

A crypto exchange is a Swiss Army Knife combining elements of traditional finance
and cutting edge technology.



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Want to know what we’re up to? Follow us in real time on our social handles!

Friday May 22nd was Bitcoin Pizza Day! We hope that you all enjoyed a slice or, like Bitvo friend and

customer Magdalena Gronowska (@Crypto_Mags), a whole pie!

In case you missed it, a replay of Trust in Transactions: Security & Digital Currency Exchanges,

moderated by Bitvo’s President & CEO, Pamela Draper, is now available. Check it out


The Bitvo team has been loving the 

Canadian Blockchain Consortium

‘s virtual event series, including

“Understanding Bitcoin: The World’s First Digital Currency” hosted on May 28th. Thank you

@Blockchain_CBC for keeping us connected and informed during these times!


Canadian MSB Association 

(CMSBA) hosted its annual Spring Training Session virtually this year

on May 28th. Pamela Draper participated in the event as a panelist speaking to the new regulations

taking effect on June 1, 2020 when all virtual currency trading platforms in Canada must register with

FINTRAC as a Money Service Business (MSB) and comply to FINTRAC regulations for MSBs. Bitvo pre-

registered ahead of time and is a fully compliant MSB.

We want to hear from you and share your insights with our community! Have you filled out our

survey “Why We Trade Crypto”? If not, please take a minute to do so


 We’re featuring real 

answers on our social media each week!



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Right Here

Around The Network

Famous last Za: Imagine transforming a fringe technology into a multibillion dollar industry using


That is the story of Bitcoin.

 While articles love to opine about the current value of the

Bitcoins spent, they fail to realize that this was the cost of progress.
Digitization going mainstream: While many are focused on Bitcoin, the big daddy of crypto, the

digitization trend has been expanding rapidly.

Stablecoin demand is growing

 as users look mitigate

complexity and volatility risk in trading pairs.
The Dimon touch: Jamie Dimon and the crew at JP Morgan have pivoted their opinion of crypto.

Not willing to let Silvergate Bank have all the crypto fun,

JP Morgan has anointed Gemini and


as their first clients in the space. 

Alchemy of Finance: Paul Tudor Jones requires no introduction, being the one of the greatest

traders of his generation.

 So when he speaks of Bitcoin, it’s wise to listen.


Pure trading:

Crypto hedgehogs are ramping up their AUM in recent months

. As crypto fills out and 

matures, and digitization of assets continues, this trend is likely to continue.
Mining surplus energy: The inestimable Nic Carter 

gives us some context about crypto mining

. One 

wonders what the overall energy consumption of clearing, personal, office space, storage and

transportation are in traditional finance. What if we called securities clearing, mining instead?
Crypto ebb and flow: From a16z, a step back to 

look at the development of crypto in fits and 


 This is like the technology adoption curve. It looks messy, chaotic, but the trend is one of 

Retail digital currency: The ECB is looking beyond a single Central Bank Digital Currency stablecoin


They are explicitly looking at a retail oriented product 

for wide adoption and distribution.

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