Latest Cryptocurrency News & Press Releases






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Bitvo.com

Bitcoin (BTC)

C$13,623 (US$10,281) 

August 26, 3:30 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 

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):

~$0.750

Website:

https://bitcoin.org

August 26, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

■ General Cryptocurrency News:

With Facebook facing regulatory scrutiny of its stable coin, Libra, other

governments and corporate entities are pushing forward with their own

version of a stable coin. Walmart, the People’s Bank of China and, most

recently, Binance, have all stated they are considering their own coins.

Last week Binance introduced Venus, an open blockchain project that will

focus on developing localized stable coins globally. Binance stated it

believes it’s in a strong position due to its existing public chain technology

and wide user base.

Despite regulatory pressure, Facebook continues to push ahead in the

blockchain and cryptocurrency space with Facebook-owned messaging

service WhatsApp said to be in early stage talks with fintech firms and a

state-owned bank in Indonesia to support payments through digital wallets

in the region. Sources told Reuters that negotiations are currently

underway with transportation booking service Go-Jek, mobile payments

provider DANA, fintech startup OVO and state-owned bank Mindri, which

operates a digital wallet service.

■ BTC News:

New research suggests that Bitcoin’s true market dominance may have

been underestimated. Mainstream crypto data aggregators claim the

world’s largest digital currency has a 70% market share based on metrics

such as market capitalization. However, analysts at Arcane Research

believe that Bitcoin’s dominance is more than 90% based on trading

volume, which they suggest is a more meaningful measure than market

capitalization as the latter does not account for liquidity.

Bitcoin continues to demonstrate safe haven tendencies with its price rising

Friday as trade war tensions between the Unites States and China

continued to escalate.

■ Trading History YTD:

The price of BTC has experienced tremendous positive momentum on the

year, increasing from US$3,700 to start the year to approximately US

$10,300 today, making it one of the best performing assets of 2019.

■ Current Environment:

The price of BTC continued to look for direction, falling to start the week

before a volatile weekend that saw movements both up and down.

Price support seems to be experienced at US$10,000 with the price of BTC

dipping below that for brief periods last week before being bid back up

above what is seemingly an important psychological barrier.

Volumes for the week averaged 1.6 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$249 (US$188) 

August 26, 3:30 pm

All figures in USD$, unless otherwise specified 

Page 2 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.088

Current Mining Fee (USD):

LOG IN TO VIEW

August 26, 2019

■ ETH News:

No significant Ether related news last week.

■ Trading History YTD:

The price of ETH commenced the year relatively stable before

accelerating in May and then falling throughout the summer months.

While the price of ETH has given up most of its year to date gains, it

remains in positive territory on the year in USD terms.

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:

The price of ETH was volatile both in BTC and USD terms last week, 

experiencing sharp movements both up and down.

Overall, the price of ETH ended down on the week.

Volumes for the week averaged 34.6 million coins per day, which is 

higher than the previous week’s volumes of 33.9 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$0.36 (US$0.27) 

August 26, 3:30 pm

All figures in USD$, unless otherwise specified 

Page 3 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0002

Current Mining Fee (USD):

LOG IN TO VIEW

100 Billion

■ XRP News:

RippleNet will allow Xendpay to provide money transfer services

beyond the United States dollar. Xendpay will use Ripple’s pre-existing

network of banks and other financial partners to facilitate money

transfers in XRP.

Transacting in XRP allows Xendpay to greatly speed up transaction

completion times from three to four days using fiat currency to

completion in under an hour when using XRP.

■ 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:

The price of XRP fell to start the week last week before recouping 

loses in the back half of the week.

Overall, the price of XRP ended the week down in both USD and BTC 

terms.

Volumes for the week averaged 3.88 billion coins per day, which is 

lower than the previous week’s volumes of 4.24 billion coins per day.

August 26, 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:

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$408 (US$308) 

August 26, 3:30 pm

All figures in USD$, unless otherwise specified 

Page 4 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0032

Current Mining Fee (USD):

 

LOG IN TO VIEW

August 26, 2019

■ BCH News:

Fourth ranked Bitcoin Cash continues to gain ground in terms of

market capitalization over fifth place Litecoin following Litecoin’s

halving two weeks ago. Bitcoin Cash now sits firmly ahead of Litecoin

at a market capitalization of US$5.6 billion versus Litecoin’s US$4.7

billion.

Twitter handle @Bitcoin, which despite its name has previously

promoted and supported Bitcoin Cash, suddenly and without

explanation changed course last week, now throwing support behind

Bitcoin and leaving industry participants struggling to figure out the

rationale for the change.

■ 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 trended sideways since the beginning of April in

USD terms and negative in BTC terms over the same period.

■ Current Environment:

Similar to other major cryptocurrencies, the price of BCH was volatile

last week, experiencing sharp movements both up and down.

The price of BCH ended the week down both in USD and BTC terms.

Volumes were lower week-over-week, averaging 4.2 million coins per

day compared to the previous week’s volumes of 4.7 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:

2011

Primary Use:

CURRENCY

62mm

Coin Profile

Litecoin 

is 

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$97 (US$73) 

August 26, 3:30 pm

All figures in USD$, unless otherwise specified 

Page 5 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.044

Current Mining Fee (USD):

LOG IN TO VIEW

August 26, 2019

■ LTC News:

As it is intended to do, Litecoin’s recent halving has reduced mining power

designated to mining Litecoin transactions by over 25% since the halving

occurred approximately two weeks ago. On August 5, 2019, Litecoin

reduced its mining reward from 25 LTC to 12.5 LTC causing this reduced

interest in mining LTC transactions.

Litecoin’s mining difficulty, a coded-in measure of how hard it is to solve

the mathematical puzzles used to write blocks on the network, has

dropped from 15.93 million on August 4, 2019, one day before the halving,

to 11.40 million on August 22, 2019, based on data from mining pool

BTC.com. The hashing power on the network has also fallen by 28%.

■ Trading History YTD:

Having started 2019 as a relative outperformer in comparison to other 

major cryptocurrencies, the price of LTC lost momentum in April onwards, 

but for a brief recovery in June.

Until the end of June, the price of LTC in USD terms has traded positively 

for most of the year in 2019.

However, as a result of the above noted recent underperformance, the 

price of LTC in terms of BTC is now down on the year.

■ Current Environment:

The price of LTC was volatile last week, experiencing sharp movements 

both up and down throughout the week.

After movements both up and down, the price of LTC ended the week 

down slightly in USD terms but up slightly in terms of BTC.

Volumes last week averaged 33.6 million coins per day which was lower 

than the previous week’s volume of 37.5 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:

The Dash community has announced it is organizing a Dash convention

in Europe this fall.

The Dash Convention Europe was created and supported with input from

several community groups and will be on September 28th and 29th near

Zurich, Switzerland and in Munich for Oktoberfest on September 30th.

The convention will be proceeded by a few co-working days to foster

Dash collaboration.

■ Trading History YTD:

After a generally stable start to the year, the price of Dash increased in

USD terms from April through June before declining throughout the

summer months. Accounting for movements both up and down, the price

of Dash in USD terms remains in positive territory for the year.

However, given Dash’s underperformance versus BTC, the price of Dash

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

■ Current Environment:

The price of Dash was relatively stable last week versus an otherwise

volatile cryptocurrency price backdrop.

The price of Dash ended down slightly on the week in both USD and BTC

terms.

Volumes were similar week-over-week, averaging 1.6 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$121 (US$91) 

August 26, 3:30 pm

All figures in USD$, unless otherwise specified 

Page 6 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.008

Current Mining Fee (USD):

 

 

LOG IN TO VIEW

August 26, 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$9.65  (US$7.28) 

August 26, 3:30 pm

All figures in USD$, unless otherwise specified 

Page 7 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0016

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

August 26, 2019

■ ETH Classic News:

The price of Ethereum Classic soared last week during a time when

other major cryptocurrency prices fell.

This resulted in Ethereum Classic gaining ground in terms of rank order

by market capitalization, moving up from 20th position to rank as

number 16, with a market capitalization of US$821 million.

When looking for rationale as to why this increase occurred, industry

participants point to the following: Ethereum Classic’s Atlantis fork is

scheduled for next month, resulting in increased security and

compatibility with Ethereum; London-based token investment group

North Block Capital joined the Studio Program of Ethereum Classic

Labs; jointly, Ethereum Classic Labs and North Block Capital will work

together to expand token sales and marketing initiatives into Asia; and

the annual Ethereum Classic Summit event is scheduled for October,

3rd and 4th, 2019 in Vancouver, Canada. It is not unusual for

cryptocurrencies to rise in price in the run-up to an industry event or

conference.

■ Trading History YTD:

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

ETC benefited from broader spring momentum in the cryptocurrency

space, trading generally positively from April through the end of June,

before correcting again over the summer months in terms of USD.

However, ETC has generally underperformed other major

cryptocurrencies with its price trending negatively throughout most of

the year to date in terms of BTC.

■ Current Environment:

Bucking general negativity in the cryptocurrency space last week, the

price of ETC increased quite materially throughout the week last week

both in USD and BTC terms.

While this price increase is material for the week, it did not reverse the

longer term negative trend the price of ETC has experienced so far in

2019.

Volumes were higher week-over-week, averaging 134.5 million coins

per day compared to the previous week’s volumes of 84.9 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

August 26, 2019


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