Latest Cryptocurrency News & Press Releases

 

 

 

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Bitvo.com

Bitcoin (BTC)

C$13,509 (US$10,304) 

July 22, 1:30 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

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):

~$1.46

Website:

https://bitcoin.org

July 22, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

■ General Cryptocurrency News:

Facebook’s proposed cryptocurrency, Libra, continues to receive scrutiny

from governments globally. Last week the G7 stated that any private

company issuing a currency would need to be heavily regulated.

Iran has stopped allowing for the importation of crypto mining units, stating

the ban is temporary as the government figures out how they want to deal

with the increased power demand that mining is using.

To that end, the Iranian Economic Commissions has reportedly finalized a

tariff structure for cryptocurrency miners. The tariff structure has not been

disclosed at this point as it is awaiting approval from the Cabinet of Iran,

but it is said to take into consideration market factors such as fuel prices in

the Persian Gulf.

Greyscale Investments, a crypto investing fund, announced an all-time high

assets under management of US$2.7 billion.

■ BTC News:

Trading volumes continue to recover in 2019 with the value of daily Bitcoin

transactions up over 200% last week compared to three months ago.

This correlates with the increase in mining fees that have been

experienced for transactions in the last three months

The City Council of Toronto suburb Richmond Hill voted in favour of

finalizing an agreement with a third-party cryptocurrency provider that will

allow people to pay property taxes in Bitcoin.

■ 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 look for direction last week, ending the week

down slightly after some volatile moves in both directions.

Volumes for the week averaged 2.2 million coins per day, which is in line

with previous week’s volumes.

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$283 (US$216) 

July 22, 1:30 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):

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July 22, 2019

■ ETH News:

It has been reported that Ethereum is considering integrating with the

Bitcoin Cash blockchain temporarily to help deal with scalability issues in

advance of the release of Ethereum 2.0.

■ Trading History YTD:

The price of ETH commenced the year relatively stable before

accelerating in May and then stabilizing to falling slightly in June and July,

while still remaining in positive territory on the year.

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 continued to look for direction

last week. After some sharp movements both up and down, ETH ended

down on the week in USD terms but up slightly compared to BTC.

Volumes for the week averaged 38.9 million coins per day, which is higher

than the previous week’s volumes of 33.1 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$0.42 (US$0.32) 

July 22, 1:30 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:

Traditional fiat money mover the Society for Worldwide Interbank Financial

Telecommunications (SWIFT) announced a successful trial of instant

cross-border transfers in Asia, challenging Ripple’s international

remittance advantage via XRP. According to a press release issued by

SWIFT last week, the trial performed instant payments between 17 banks

located in Australia, China, Canada, Luxembourg, the Netherlands,

Singapore, and Thailand, taking up to 25 seconds, with the fastest taking

13 seconds.

■ 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:

XRP outperformed other major cryptocurrencies last week, ending up on

the week both in USD and BTC terms after movements both up and down

throughout the week.

Volumes for the week were higher, averaging 4.79 billion coins per day

compared to the previous week’s volumes of 4.53 billion coins per day.

July 22, 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$124 (US$94) 

July 22, 1:30 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 22, 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, the price of LTC lost some 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 ended the week up last week, both in USD and BTC

terms as LTC was one of the outperformers last week.

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

than the previous week’s volume of 37.1 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:

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$405 (US$309) 

July 22, 1:30 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 22, 2019

■ BCH News:

No significant Bitcoin Cash related news last week.

■ 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 in

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

■ Current Environment:

The price of BCH continued to mirror that of BTC last week, spiking

both up and down but ending the week slightly down overall in terms of

USD.

As a result, the price of BCH in BTC terms was relatively flat on the

week.

Volumes were higher week-over-week, averaging 6.2 million coins per

day compared to the previous week’s volumes of 4.9 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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■ DASH News:

Travala, which integrated Dash last year, has now officially partnered

with Dash Core Group as its travel partner, in addition to offering a 5%

Dash-back discount on purchases made with Dash. Travala cited Dash’s

maturity within the space and focus on creating a cryptocurrency that can

actually be used for payments as a reason for the partnership and

discount.

iQCashNow has integrated Dash into 250 of its ATMs located throughout

Europe. Approximately 40% of iQCashNow’s ATMs are two-way (buying

and selling cryptocurrency with fiat), while the rest are only one-way

(buying cryptocurrency with fiat).

■ Trading History YTD:

After a generally stable 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 sold off sharply in USD terms at the beginning of last

week before recovering throughout the balance of the week.

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

terms.

Volumes were similar week-over-week, averaging 2.2 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$150 (US$114) 

July 22, 1:30 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 22, 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$8.33  (US$6.35) 

July 22, 1:30 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 22, 2019

■ ETH Classic News:

No significant Ethereum Classic related news last week.

■ 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 through the end of June, before

correcting again in July 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:

The price of ETC outperformed other major cryptocurrencies last week,

trending up both in USD and BTC terms for most of the week.

Volumes were higher week-over-week, averaging 102.8 million coins

per day compared to the previous week’s volumes of 90.5  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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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 22, 2019

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