Latest Cryptocurrency News & Press Releases

 

 

 

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Bitvo.com

Bitcoin (BTC)

C$14,048 (US$10,707)

July 02, 1:10 pm

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

Technical Trading Score*:
Date Of Inception:

2009

Primary Use:

CURRENCY

18mm

Coin Profile

Bitcoin

is

a

decentralized

coin

enabling

revolutionary  means  to  exchange  value  across  the

globe.  It  continues  to  be  the  biggest  and  most

influential  coin,  encouraging  peer-to-peer  payment

networks  powered  by  its  users  with  no  central  or

middle authority.

Page 1 of 8

Coins Outstanding:

Maximum Coins:

21mm

POW or POS:

WORK

Current Mining Fee (USD):

~$4.04

Website:

https://bitcoin.org

July 02, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

■ General Cryptocurrency News:

Reuters has reported that Facebook Inc. is applying for a cryptocurrency

business license in New York. This announcement comes a week after

the release of Facebook’s white list for Libra. New York state requires a

special license for companies dealing with crypto called the Bitlicense.

In an interview with Yahoo Finance, the CEO of JPMorgan Chase, said

that he doesn’t believe that cryptocurrency is a risk to the bank’s core

business. Mr. Dimon’s rationale was that banks already have

infrastructure in place and are unlikely to transition to the new technology.

■ BTC News:

Google searches including “Bitcoin” have reached a 17-month high.

Searches for the term are the highest in Brazil, with two California cities

surrounding Silicon Valley also included in the top ten.

Square has now made Bitcoin deposits available to the general public on

its Cash App, enabling users to add Bitcoin from external wallets. Initially,

the feature was only available for a small number of users. Deposits are

currently limited to US$10,000 every seven days and it takes several

hours for transactions to be confirmed on the blockchain.

The Iranian government has confiscated approximately 1,000 Bitcoin

mining apparatuses that were consuming around 1MW of power. In

response to sanctions imposed by the United States, the people of Iran

have been turning to Bitcoin, the mining of which is particularly profitable

in Iran due to the Iranian government’s power subsidies. The resulting

surge in power consumption from Bitcoin mining in the country has

spurred the government to take the actions to reduce power consumption

until new power rules that remove subsidies for crypto mining are in place.

■ Trading History YTD:

After a slow grind sideways for the first three months of 2019, the price of

BTC shot up at the beginning of April and climbed steadily throughout May

and June before correcting at the end of June.

Current Environment:

The price of BTC continued to break barriers at the beginning of last week,

surpassing US$11,000, US$12,000 and US$13,000 before correcting

towards the end of the week.

The price of BTC fell below US$10,000 briefly over the weekend before

climbing back to the mid-US$10,000 level today.

Volumes for the week averaged 2.8 million coins per day, which is higher

than the previous week’s volumes of 2.0 million coins per day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

 

 

 

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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2014

Primary Use:

SMART CONTRACTS

Coins Outstanding:

107mm

Coin Profile

Ethereum  is  a  decentralized  platform  that  runs

smart  contracts:  applications  that  run  exactly  as

programmed  without  any  possibility  of  downtime,

censorship,  fraud  or  third-party  interference.  These

apps  run  on  a  custom built  blockchain.  Ether  is  the

cryptocurrency  generated  by  and  used  on  the

Ethereum platform.

Maximum Coins:

NO MAX

POW or POS:

WORK

Website:

https://www.ethereum.org/

Ether (ETH)

C$378 (US$288) 

July 02, 1:10 pm

All figures in USD$, unless otherwise specified 

Page 2 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.24

Current Mining Fee (USD):

LOG IN TO VIEW

July 02, 2019

■ ETH News:

Daily transactions registered on the Ethereum network exceeded one

million last week for the first time since May 2018, according to data

reported by leading Ethereum block explorer Etherscan.

Opera launched the iOS version of its blockchain ready mobile web

browser, Opera Touch. As well as accommodating Ethereum-based

decentralized applications, it supports all ERC-20 tokens, stable coins

and nonfungible tokens. The browser also reportedly features a crypto

wallet for storing Ether. The release comes after an Android version of the

Opera Touch was released late last year.

■ Trading History YTD:

After declining in January, the price of ETH has experienced positive

momentum for most of 2019.

However, with the positive performance of BTC in 2019, ETH has

underperformed BTC, with the price of ETH in BTC terms generally

trending down since the end of February.

■ Current Environment:

Similar to the price of BTC, the price of ETH rose at the beginning of last

week before correcting for the majority of the week in USD terms.

However, in terms of BTC, the price of ETH outperformed, ending the

week higher than where it started in BTC terms.

Volumes for the week averaged 38.4 million coins per day, which is higher

than the previous week’s volumes of 26.0 million coins per day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

 

 

 

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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2012

Primary Use:

CURRENCY

99.99 Billion

Coin Profile

XRP is the decentralized native currency employed by

Ripple.  Ripple  is  a  settlement  system,  currency

exchange  and  remittance  network  created  by  Ripple

Labs  Inc.  It  is  built  upon  a  distributed  open  source

internet

protocol,

and

supports

tokens

representing

fiat

currency

or    cryptocurrency.

The

company

purports

to

enable  “secure,

instantly

and

nearly

free

global

financial

transactions of any size with no chargebacks.”

Coins Outstanding:

Maximum Coins:
POW or POS:

CORRECTNESS

Website:

https://ripple.com/

XRP

C$0.52 (US$0.40) 

July 02, 1:10 pm

All figures in USD$, unless otherwise specified 

Page 3 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0006

Current Mining Fee (USD):

LOG IN TO VIEW

100 Billion

■ XRP News:

Ripple Labs has joined forces with Coinfirm to investigate XRP’s

compliance with anti-money laundering practices.

■ Trading History YTD:

XRP has underperformed other major cryptocurrencies so far in 2019,

with its price trending down or flat from January through May.

While XRP participated in May and June’s almost universal

cryptocurrency price rally, it did not benefit to the same extent as other

major cryptocurrencies.

As a result of the above, the price of XRP has declined steadily in

terms of BTC since the beginning of 2019.

■ Current Environment:

Similar to other major cryptocurrencies, the price of XRP commenced

last week stable to up before declining for the balance of the week in

terms of USD.

Volumes for the week were higher, averaging 5.20 billion coins per day

compared to the previous week’s volumes of 4.29 billion coins per day.

July 02, 2019

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

 

 

 

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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2011

Primary Use:

CURRENCY

62mm

Coin Profile

Litecoin

is

a

peer-to-peer

cryptocurrency

and open  source  software  project  released  under

the  MIT/X11  license.  Creation  and  transfer  of

coins  is  based  on  an  open  source  cryptographic

protocol and is not  managed  by  any  central  authority.

The  coin  was inspired  by,  and  in  technical  details  is

nearly  identical to, Bitcoin.

Coins Outstanding:

Maximum Coins:

84 mm

POW or POS:

WORK

Website:

https://litecoin.com/

Litecoin (LTC

C$156 (US$119) 

July 02, 1:10 pm

All figures in USD$, unless otherwise specified 

Page 5 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0731

Current Mining Fee (USD):

LOG IN TO VIEW

July 02, 2019

■ LTC News:

No significant Litecoin related news last week.

■ Trading History YTD:

Having started 2019 as a relative outperformer in comparison to other

major cryptocurrencies, LTC lost some momentum in April and May

before regaining ground in June.

The price of LTC in USD terms has traded positively for most of the year

in 2019.

■ Current Environment:

The price of LTC was more volatile than most major cryptocurrencies last

week, moving both up and down versus the stable to downward trend

others experienced.

Overall, the price of LTC ended the week down slightly in USD terms and

approximately where it began in BTC terms.

Volumes last week averaged 41.7 million coins per day which was higher

than the previous week’s volume of 30.2 million coins per day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

 

 

 

background image

Bitvo.com

Technical Trading Score*:
Date Of Inception:

2017

Primary Use:

CURRENCY

18mm

Coin Profile

Bitcoin  Cash  is  peer-to-peer  electronic  cash  for

the Internet.  It  is  fully  decentralized,  with  no  central

bank and  requires  no  trusted  third  parties  to  operate.

Bitcoin Cash  is  the  continuation  of  the  Bitcoin  project

as  peer-to-peer  digital  cash.  It  is  a  fork  of  the  Bitcoin

blockchain  ledger,  with  upgraded  consensus  rules

that  allow  it  to grow and scale.

Coins Outstanding:

Maximum Coins:

21 mm

POW or POS:

WORK

Website:

https://www.bitcoincash.org/

Bitcoin Cash (BCH)

C$529 (US$403) 

July 02, 1:10 pm

All figures in USD$, unless otherwise specified 

Page 4 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.005

Current Mining Fee (USD):

LOG IN TO VIEW

July 02, 2019

■ BCH News:

Amazon-owned, leading game streaming platform Twitch has enabled

Bitcoin and Bitcoin Cash payments again. In March, Twitch quietly

removed cryptocurrency payment options for subscriptions by removing

Bitpay as a payment method. Bitpay has now been enabled again as a

payment processor on the platform.

■ Trading History YTD:

Somewhat similar to the trend in the price of BTC, the price of BCH

ground sideways for the first quarter of 2019 before experiencing a price

spike in early April.

The price of BCH has tended sideways since the beginning of April both

in USD and BTC terms.

■ Current Environment:

The price of BCH rose slightly at the beginning of last week before

dropping sharply and stabilizing at lower levels for the remainder of the

week in terms of USD.

In terms of BTC, the price of BCH outperformed in the latter half of the

week resulting in a slight upward trend.

Volumes were higher week-over-week, averaging 5.8 million coins per

day compared to the previous week’s volumes of 4.3 million coins per

day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

 

 

 

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■ DASH News:

Dash has activated ChainLocks, protecting the network against 51%

attacks. Early this morning, the last two sporks, or multi-phased forks, of

Dash version 0.14 were activated, completing the network upgrade.

Dash can now be used for deposit and withdrawal transactions on the

Brave browser, a privacy-enabled blockchain browser. Rather than

collecting and monetizing user data, Brave rewards users based on the

amount of time that they spend visiting websites. Brave pays users in

Basic Attention Token (BAT), an Ethereum based coin, but users can

then use Brave’s partner, Uphold, to exchange into a select number of

cryptocurrencies, of which Dash is one.

■ Trading History YTD:

After a generally negative start to the year, the price of Dash has

experienced more positive than negative price momentum from February

2019 onwards in terms of USD.

However, given the larger price appreciation seen in BTC, the price of

Dash has trended negatively since the end of March in BTC terms.

■ Current Environment:

The price of Dash dropped sharply at the beginning of last week before

recovering mid-week only to fall again in the latter half of the week in

terms of USD.

In terms of BTC, the price of Dash dropped at the beginning of the week

before slowly recovering throughout the balance of the week.

Volumes were higher week-over-week, averaging 2.8 million coins per

day compared to the previous week’s volumes of 2.0 million coins per

day.

Bitvo.com

Technical Trading Score*:
Date Of Inception:

2014

Primary Use:

CURRENCY

9 mm

Coin Profile

Dash  is  an  open  source  peer  to  peer  cryptocurrency.

On top of Bitcoin’s feature set, it currently offers instant

transactions,  private  transactions  and  operates  a  self-

governing  and  self-funding  model  that  enables  the

Dash  network  to  pay  individuals  and  businesses  to

perform  work  that  adds  value  to  the  network.  Dash’s

decentralized  governance  and  budgeting  system

makes it a decentralized autonomous organization.

Coins Outstanding:

Maximum Coins:

22 mm

POW or POS:

STAKE

Website:

https://www.dash.org/

DASH (DASH)

C$202 (US$154) 

July 02, 1:10 pm

All figures in USD$, unless otherwise specified 

Page 6 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0142

Current Mining Fee (USD):

LOG IN TO VIEW

July 02, 2019

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

 

 

 

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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2016

Primary Use:

112 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$10.18  (US$7.76) 

July 02, 1:10 pm

All figures in USD$, unless otherwise specified 

Page 7 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0023

Current Mining Fee (USD):

Coin Profile

Ethereum  Classic  is  an  open-source,  public,

blockchain-based  distributed  computing  platform

featuring  smart  contract  (scripting)  functionality.  It

provides  a  decentralized  Turing-complete  virtual

machine,  the  Ethereum  Virtual  Machine  (EVM),  which

can  execute  scripts  using  an  international  network  of

public  nodes.  ETC  has  a  value  token  called  “ether”,

which can be transferred between participants or stored

in a cryptocurrency wallet.

LOG IN TO VIEW

NO MAX

SMART CONTRACTS

July 02, 2019

■ ETH Classic News:

San Francisco-based incubator for the blockchain Ethereum Classic

(ETC), ETC Labs, has announced that it will create a solution for

Ethereum (ETH)/ETC interoperability in a collaboration with Metronome.

Blockchain interoperability, also referred to as “chainhopping”, is a

property of a blockchain asset meaning that it can be transferred

between separate blockchains. In this case, the cryptocurrency

Metronome (MET) will be transferable between the ETH and ETC

blockchains.

■ Trading History YTD:

After trading sideways for most of the first quarter of 2019, the price of

ETC has benefited from broader momentum in the cryptocurrency

space, trading generally positively from April onwards in terms of USD.

However, ETC has generally underperformed other major

cryptocurrencies with its price trending negatively throughout most of the

recent rally in terms of BTC.

■ Current Environment:

Similar to other major cryptocurrencies, the price of ETC rose slightly to

start the week before dropping sharply last Monday and trending

negatively for the balance of the week.

Volumes were higher week-over-week, averaging 121.3 million coins per

day compared to the previous week’s volumes of 84.0 million coins per

day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

 

 

 

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Bitvo.com

DISCLAIMER

The information contained in this report has been compiled by Bitvo Global Inc. (“Bitvo”) from sources believed to be reliable, but no

representation or warranty, express or implied, is made by Bitvo, its affiliates or any other person as to its accuracy, completeness or

correctness. All opinions and estimates contained in this report constitute Bitvo’s judgement as of the date of this report, are subject to

change  without  notice  and  are  provided  in  good  faith  but  without  legal  responsibility.  Nothing  in  this  report  constitutes  legal,

accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has

been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The Bull and Bear

symbols  represent  relatively  favourable  or  unfavourable  technical  indicators,  respectively,  and  the  presence  or  absence  of  these

symbols and any language pertaining to these symbols does not represent any advice, representation or guidance from Bitvo as to

whether you should buy, sell or hold any cryptocurrency. The cryptocurrencies or services contained in this report may not be suitable

for  you  and  it  is  recommended  that  you  consult  an  independent  advisor  if  you  are  in  doubt  about  the  suitability  of  such

cryptocurrencies or services. This report is not an offer to sell or a solicitation of an offer to buy any securities. Past performance is not

a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. The cryptocurrency market

is  volatile  and  rapidly  changing  and,  as  a  result,  the  latest  published  reports  available  to  clients  may  not  reflect  recent  material

changes. Bitvo reports are current only as of the date set forth on the reports. This report is not, and under no circumstances should

be construed as, a solicitation to act as securities broker or dealer in any jurisdiction by any person or company that is not legally

permitted to carry on the business of a securities broker or dealer in that jurisdiction. To the full extent permitted by law neither Bitvo

nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use

of this report or the information contained herein. No matter contained in this document may be reproduced or copied by any means

without the prior consent of Bitvo.

Page 8 of 8

July 02, 2019

 

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