{"id":9298,"date":"2023-08-03T12:47:29","date_gmt":"2023-08-03T05:47:29","guid":{"rendered":"https:\/\/bitcoinvn.io\/news\/?p=9298"},"modified":"2024-05-13T07:42:31","modified_gmt":"2024-05-13T00:42:31","slug":"monthly-report-07-2023","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/news\/monthly-report-07-2023\/","title":{"rendered":"Monthly Report 07-2023"},"content":{"rendered":"<p>Welcome to the July 2023 edition of our monthly report \u2013 your backstage pass to all things BitcoinVN, your favorite Bitcoin &amp; Cryptocurrency Exchange in Vietnam.<\/p>\n<h2>Business news<\/h2>\n<p>While the crypto rollercoaster seemed to take a breather this month, we were able to post the highest exchange volume since August 2022 and <strong>18% higher<\/strong> compared to previous month.<\/p>\n<p><strong>USDT<\/strong> accounted for nearly two thirds of said exchange volume (up from 57% in June), with its share significantly increasing with each month during the past year.<\/p>\n<p>Will we have to change our name to TetherVN?<\/p>\n<figure style=\"width: 844px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i.imgur.com\/Xc3XRS4.jpg\" alt=\"Asset performance in June\" width=\"844\" height=\"670\" \/><figcaption class=\"wp-caption-text\">Asset performance in June<\/figcaption><\/figure>\n<p>USDT (62%) has solidified its spot as the headliner, while other assets are playing more of a supporting role, if we&#8217;re being honest. The lineup includes:<\/p>\n<ul>\n<li>BTC (25%)<\/li>\n<li>BCH (4%)<\/li>\n<li>XMR (3%)<\/li>\n<li>ETH (2%)<\/li>\n<\/ul>\n<p>It&#8217;s funny to think about the fact that we could disable 50 coins without causing a noticeable dent in our exchange volume.<\/p>\n<p>Looking at our outflow, we can see that BitcoinVN users continue to play it safe, settling for <strong>VND and stablecoins<\/strong> to the highest degree since April 2021, which marked the end of the bullmarket with BTC hitting $64,000.<\/p>\n<figure style=\"width: 1184px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i.imgur.com\/YSsOGai.jpg\" alt=\"\" width=\"1184\" height=\"506\" \/><figcaption class=\"wp-caption-text\">Settlement volume by asset type<\/figcaption><\/figure>\n<p>Some would see this as a bearish signal. Others might see this as the perfect time to accumulate. You&#8217;ll have to decide for yourself.<\/p>\n<h3>A new banned Bitcoin book<\/h3>\n<p>Last week, the US Department of Defense ordered the immediate cease of further distribution of Jason Lowery\u2019s much-debated thesis \u201cSOFTWAR\u201d.<\/p>\n<p>As a result of the Streisand Effect, all remaining copies have been quickly scooped up from our online store.<\/p>\n<h3>Farewell to Cash2VN<\/h3>\n<p>In a strategic move, Cash2VN &#8211; our remittance service &#8211; is gracefully sunsetting to make way for our flagship product, BitcoinVN.<\/p>\n<p>As a no-signup exchange with no crypto deposit limits, BitcoinVN is well positioned to be <strong>the<\/strong> cryptocurrency remittance service for payments to Vietnam.<\/p>\n<h3>Bitcoin ATM moved to Capone&#8217;s<\/h3>\n<p>For the time being, we&#8217;ve moved one of our Bitcoin ATMs from Indika Saigon to <a href=\"https:\/\/bitcoinvn.io\/news\/capones-brings-back-the-bitcoin-atm\/?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=Monthly+report+07-2023\">Capone&#8217;s Restaurant<\/a>.<\/p>\n<p>Whether you\u2019re a seasoned HODLer and looking to buy non-KYC Bitcoin or a curious newcomer buying Bitcoin for the first time, our Bitcoin ATM at Capone\u2019s will meet your needs.<\/p>\n<p>That&#8217;s enough for now. See you next time!<\/p>\n<p>Your BitcoinVN Team<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the July 2023 edition of our monthly report \u2013 your backstage pass to all things BitcoinVN, your favorite Bitcoin &amp; Cryptocurrency Exchange in Vietnam. Business news While the crypto rollercoaster seemed to take a breather this month, we were able to post the highest exchange volume since August 2022 and 18% higher compared [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":9299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10549,10441],"tags":[],"class_list":["post-9298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-sub-panel","category-monthly-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Monthly Report 07-2023 - BitcoinVN News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bitcoinvn.io\/news\/monthly-report-07-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monthly Report 07-2023 - BitcoinVN News\" \/>\n<meta property=\"og:description\" content=\"Welcome to the July 2023 edition of our monthly report \u2013 your backstage pass to all things BitcoinVN, your favorite Bitcoin &amp; Cryptocurrency Exchange in Vietnam. Business news While the crypto rollercoaster seemed to take a breather this month, we were able to post the highest exchange volume since August 2022 and 18% higher compared [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bitcoinvn.io\/news\/monthly-report-07-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"BitcoinVN News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/www.bitcoinvn.io\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-03T05:47:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-13T00:42:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2023\/08\/bitcoin-rain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1456\" \/>\n\t<meta property=\"og:image:height\" content=\"816\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@bitcoin_vietnam\" \/>\n<meta name=\"twitter:site\" content=\"@bitcoin_vietnam\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bitcoinvn.io\/news\/monthly-report-07-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bitcoinvn.io\/news\/monthly-report-07-2023\/\"},\"author\":{\"name\":\"Alex\",\"@id\":\"https:\/\/bitcoinvn.io\/news\/#\/schema\/person\/d27387d7c5b08229f018e36593d8f2d5\"},\"headline\":\"Monthly Report 07-2023\",\"datePublished\":\"2023-08-03T05:47:29+00:00\",\"dateModified\":\"2024-05-13T00:42:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bitcoinvn.io\/news\/monthly-report-07-2023\/\"},\"wordCount\":382,\"publisher\":{\"@id\":\"https:\/\/bitcoinvn.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/bitcoinvn.io\/news\/monthly-report-07-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2023\/08\/bitcoin-rain.jpg\",\"articleSection\":[\"Featured - 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