June 2022
NEWSLETTER
In this Issue
→
Reports:
Bitvo’s weekly trading updates for June
→
New from Bitvo:
Crypto has a Risk Pendulum | What’s Next | What happened
to Terra, LUNA and UST
→
Announcements:
FTX’s Acquisition of Bitvo and What it Means for You
→
The Network:
Some Stats | Wrapping Tokens | Still Hiring, and more
Looking for more of Bitvo’s trading reports?
June 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?
Crypto, like all assets, has a risk pendulum.
Are you feeling stressed about this market? Your emotions a bit jacked? A lot
of people feel that way right …?
Right now, crypto is in transition, and this is the perfect time to be reflecting
on what the next big thing might be…
What happened to Terra, LUNA and UST?
Down markets have their share of challenges. And one of those challenges is
blowups. We dive into what happened in the Terra blowup…
Announcements
1-833-862-4886
Need help? Bitvo offers 24/7 customer support!
support@bitvo.growmeconsulting.ca
June was a big month for Bitvo! On June 17
th
it was announced that Bitvo
has entered into an agreement to be acquired by FTX Trading Limited
(“FTX”), a leading global crypto asset trading platform. The acquisition is
expected to close in the third quarter of 2022, subject to regulatory
approvals and customary closing conditions. For additional details, please
refer to the
For more information about FTX, please visit
What does this mean for you as a Bitvo customer? In the near-term,
nothing will change. You will still access your Bitvo account as you
normally would and Bitvo’s products, services and team will remain the
same as that which you enjoy today. Long term, the Bitvo and FTX teams
will work together to bring you the best crypto asset trading experience in
Canada! Stay tuned for more details.
Around the Network
Want to know what we are up to?
Some stats: Coinmetrics puts the last 3 years into perspective
In case you missed it:
The much anticipated crypto bill in the US
Preventing hacks, pays:
DeFi is paying white hat hackers big fees
weaknesses in their protocols. Which is good, because several projects have had
problems recently.
Still committed: The Premier League
is booking trademarks in Web3 and the
Bitcoin user adoption:
Blockware drops a report on bitcoin adoption.
This gives you
the bull case for Bitcoin based on using the S cursive as the benchmark. Time will tell
how accurate the analysis is.
Tokenized energy: Another innovative blockchain based solution is being developed
for commodities.
This time it’s tokenized energy
Wrapping tokens:
A good primer on wrapped tokens,
and some warnings about the
risks.
EUROC is coming: Circle is developing
the USDC equivalent for the Euro
Still hiring: Crypto may be down,
but many projects are still hungry for talent.
Arbitrage is hot right now: There are lots of different ways to exploit market
dislocations.
Here are a couple of examples.
Over time, this activity removes
inefficiencies across the market.
FTX and Alameda to the rescue: One of the first to cut leverage back for retail users in 2021,
FTX along with Alameda
are offering financial lifelines to some crypto projects in need
2022.
