Latest Cryptocurrency News & Press Releases

 

 

 

background image

Bitvo.com

Bitcoin (BTC)

C$12,520 (US$9,518) 

July 28, 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):

~$0.92

Website:

https://bitcoin.org

July 28, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

■ General Cryptocurrency News:

Curtin University, the largest university in Western Australia with over

58,000 students, announced the launch of a cryptocurrency PhD program.

The Cryptocurrency PhD Scholarship Fund will allow companies and

individuals to help PhD students studying blockchain, cybersecurity and

data analytics through cryptocurrency funding. Focused on cryptocurrency

and blockchain technology, the program will be entirely funded through

Bitcoin or Ether, which school officials say will help popularize

cryptocurrencies as a payment method.

Mark Zuckerberg, CEO of Facebook, tried to reassure governments and

central banks last week on a conference call where he vowed that Libra

will only debut when regulatory issues are fully ironed out.

The Union Bank of the Philippines has launched its own stable coin. The

coin, which is called PHX, is pegged against the Philippine Peso.

The Iranian government has authorized cryptocurrency mining as an

industrial activity. Entities engaged in the activity will be required to seek a

license from Iran’s Ministry of Industry, Mine and Trade.

■ BTC News:

In an interview with Bloomberg last week, Michael Novogratz, CEO of

Galaxy Digital, predicted that institutional interest will push the price of

Bitcoin back to its all-time highs of US$20,000 before the end of this year.

Grocery store chain Safeway announced it will start to give customers

Bitcoin as a “cash” back reward for shopping online with them, facilitated

by Bitcoin rewards shopping app Lolli.

The government of Venezuela is reportedly starting to accept Bitcoin for

aviation taxes for planes landing into the country.

■ 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.

However, since the end of June, the price of BTC has come under

pressure, trending downward throughout the summer months.

Current Environment:

Downward pressure on the price of BTC continued last week, trending

downward for most of the week last week.

Volumes for the week averaged 1.6 million coins per day, which is lower

than the previous week’s volumes of 2.2 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:

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$276 (US$210) 

July 28, 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 28, 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 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:

More volatile than BTC last week, the price of ETH saw moves both up

and down, ending the week slightly below where it started in USD terms.

Given the price of BTC’s general decline last week, the price of ETH

outperformed, gaining ground in BTC terms.

Volumes for the week averaged 29.7 million coins per day, which is lower

than the previous week’s volumes of 38.9 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.

 

 

 

background image

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$0.41 (US$0.31) 

July 28, 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:

In its Q2 report published last week, Ripple announced that it sold over

US$250 million in XRP in the second quarter of 2019.

■ 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 has dropped sharply in July, resulting in it now trading

below where it started 2019.

Volumes for the week were lower, averaging 3.37 billion coins per day

compared to the previous week’s volumes of 4.79 billion coins per day.

July 28, 2019

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:

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$119 (US$90) 

July 28, 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 28, 2019

■ LTC News:

Litecoin is set to halve in approximately one week. This means that mining

rewards for completing a block will reduce from 25 LTC to 12.5 LTC.

■ Trading History YTD:

Having started 2019 as a relative outperformer in comparison to other

major cryptocurrencies, the price of LTC lost some momentum from April

onwards, but for a brief recovery in June.

Until the end of June, the price of LTC in USD terms 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 approximately flat on the year.

■ Current Environment:

Similar to other major cryptocurrencies, the price of LTC ended lower than

where it started in USD terms last week, after some volatile moves both

up and down.

In BTC terms, the price of LTC outperformed, ending the week ahead of

where it started.

Volumes last week averaged 28.9 million coins per day which was lower

than the previous week’s volume of 41.7 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.

 

 

 

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$405 (US$308) 

July 28, 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 28, 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 was relatively stable last week, ending the week

down slightly from where it started in USD terms.

However, given the negative price performance of BTC, the price of

BCH gained in BTC terms.

Volumes were lower week-over-week, averaging 4.6 million coins per

day compared to the previous week’s volumes of 6.2 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

■ DASH News:

Dash has surpassed 10,000 active Android wallets in Venezuela, which is

around 30% of the nearly 35,000 active Android wallets globally.

■ 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:

Negative price pressure on the price of Dash continued last week with its

price ending the week down both in USD and BTC terms.

Volumes were lower week-over-week, averaging 1.6 million coins per

day compared to the previous week’s volumes of 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$138 (US$105) 

July 28, 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 28, 2019

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:

2016

Primary Use:

112 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$7.85  (US$5.97) 

July 28, 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 28, 2019

■ ETH Classic News:

Ethereum Classic Labs incubator officially announced its accelerator

program to promote the development of products based on the Ethereum

Classic network.

According to the announcement, the first Cohort of Ethereum Classic Labs

Accelerate was formed during Q1 2019 while the second is expected to be

announced in Q3. Ethereum Classic Labs noted that Accelerate targets

two cohorts per year, with each having a different focus and theme.

■ 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:

While the price of ETC felt negative pressure in USD terms, it

outperformed BTC, with its pricing increasing in BTC terms throughout the

week.

Volumes were lower week-over-week, averaging 84.3 million coins per

day compared to the previous week’s volumes of 102.8 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

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 28, 2019

 

Ready to get started? Begin trading today.

create your bitvo account

Questions? We’re here 24/7.

Get in touch with our support team.

Thank you for signing up, we will be in touch soon!