Latest Cryptocurrency News & Press Releases

 

 

 

background image

Bitvo.com

Bitcoin (BTC)

C$10,556 (US$7,957) 

June 10, 2:50 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:

21 mm

POW or POS:

WORK

Current Mining Fee (USD):

~$1.63

Website:

https://bitcoin.org

June 10, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

■ General Cryptocurrency News:

One week following Canadian start-up Kik’s announcement that it is

launching a US$5 million crypto initiative to fund a lawsuit against the

United States Securities and Exchange Commission (SEC), a campaign

called DefendCrypto, the SEC announced that it is suing Kik for an

unregistered US$100 million token offering. The commission alleged that

Kik’s digital token sale was not compliant with U.S. securities laws, as it

had not registered the offering with the proper authorities.

Tron founder and CEO, Justin Sun, bid US$4.6 million in an eBay charity

auction to have lunch with billionaire investor Warren Buffett, who has

long been known for his negative stance on cryptocurrency.

Facebook is rumored to be officially announcing its cryptocurrency project,

a stable coin, via a white paper to be made public later this month. It is

also rumored that Facebook employees will be able to take part of their

salary in the coin.

■ BTC News:

Global peer-to-peer crypto exchange LocalBitcoins officially announced it

will no longer trade in fiat currencies. The official statement cited desire to

comply with the Act on Detecting and Preventing Money Laundering and

Terrorist Financing, which will be required as LocalBitcoins moves to be

monitored by the Financial Supervisory Authority of Finland following the

Finnish government passing new legation for crypto assets earlier this

year.

The city of Vancouver is contemplating a ban on Bitcoin ATMs. The mayor

of Vancouver, Kennedy Stewart, has reportedly suggested a complete ban

on Bitcoin ATMs due to money laundering concerns.

■ 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.

Positive momentum continued throughout May, before the price pulled

back slightly in June.

■ Current Environment:

The price of BTC traded lower last week, with a sharp drop Monday

followed by stability throughout the week before a slight rebound over the

weekend.

This represents BTC’s second down week in a row, following a very

positive month of May.

Volumes for the week were lower, averaging 2.5 million coins per day

compared to the previous week’s volumes of 2.9 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:

2014

Primary Use:

SMART CONTRACTS

Coins Outstanding:

106mm

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$325 (US$245) 

June 10, 2:50 pm

All figures in USD$, unless otherwise specified 

Page 2 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.165

Current Mining Fee (USD):

LOG IN TO VIEW

June 10, 2019

■ ETH News:

While Ether sits firmly in second place in terms of largest cryptocurrency

market capitalization behind only Bitcoin, Ether’s recent

underperformance versus Bitcoin has resulted in a widening of the gap

between first and second place.

Ether has a current market capitalization of US$26 billion versus Bitcoin’s

US$142 billion.

■ Trading History YTD:

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

momentum for most of 2019.

However, with the recent positive performance of BTC, ETH has

underperformed BTC, with the price of ETH in BTC terms trending down

since the end of February.

■ Current Environment:

The price of ETH traded sideways to slightly down for most of the week

last week, both in USD as well as BTC terms.

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

than the previous week’s volumes of 40.5 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.

 

 

 

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$0.53 (US$0.40) 

June 10, 2:50 pm

All figures in USD$, unless otherwise specified 

Page 3 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0070

Current Mining Fee (USD):

LOG IN TO VIEW

100 Billion

■ XRP News:

No significant XRP related news last week.

■ 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’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 declined for

most of the week last week.

Volumes for the week were lower, averaging 4.64 billion coins per day

compared to the previous week’s volumes of 5.75 billion coins per day.

June 10, 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$166 (US$125) 

June 10, 2:50 pm

All figures in USD$, unless otherwise specified 

Page 5 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0562

Current Mining Fee (USD):

LOG IN TO VIEW

June 10, 2019

■ LTC News:

The price of Litecoin reached over US$125 today, the highest it has

reached in over a year.

This recent price surge resulted in Litecoin regaining fourth position in

terms of largest market capitalizations among cryptocurrencies. Reaching

a current market capitalization of US$7.9 billion, Litecoin surpassed

Bitcoin Cash at US$7.0 billion and now sits behind only Bitcoin at US$142

billion, Ether at US$26 billion, and XRP at US$17 billion.

■ Trading History YTD:

Having started 2019 as a relative outperformer in comparison to other

major cryptocurrencies, LTC has lost some momentum in April and May

before regaining ground last week.

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

in 2019.

■ Current Environment:

The price of LTC traded positively for most of the week last week, making

it a significant outperformer as most other major cryptocurrencies trended

negatively.

As a result, the price of LTC gained ground both in USD and BTC terms.

Volumes last week averaged 38.9 million coins per day which was in line

with the 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.

 

 

 

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$519 (US$391) 

June 10, 2:50 pm

All figures in USD$, unless otherwise specified 

Page 4 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0051

Current Mining Fee (USD):

LOG IN TO VIEW

June 10, 2019

■ BCH News:

No significant BCH 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 both

in USD and BTC terms.

■ Current Environment:

The price of BCH dropped sharply last Monday, following which it

experienced a volatile though mostly negative week, resulting in it losing

ground versus Litecoin, falling behind it once again in terms of market

capitalization.

Volumes were lower week-over-week, averaging 4.8 million coins per

day compared to the previous week’s volumes of 5.2 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:

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$198 (US$149) 

June 10, 2:50 pm

All figures in USD$, unless otherwise specified 

Page 6 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0212

Current Mining Fee (USD):

LOG IN TO VIEW

June 10, 2019

■ DASH News:

Dash activated DIP 0006, which brings distributed key generation to

enable the formation of Long-Living Masternode Quorums (LLMQs) that

enhance the performance and scalability of the network.

■ 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:

Similar to other major cryptocurrencies, the price of Dash declined last

week both in USD and BTC terms.

Like most other major cryptocurrencies, volumes for the week were lower

compared to the previous week’s average, averaging 2.5 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.

 

 

 

background image

Bitvo.com

Technical Trading Score*:
Date Of Inception:

2016

Primary Use:

110 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$10.87  (US$8.19) 

June 10, 2:50 pm

All figures in USD$, unless otherwise specified 

Page 7 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0024

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

June 10, 2019

■ ETH Classic News:

Ethereum Classic developers are speeding up plans to test a proposed

upgrade to its blockchain network.

The move to ramp up the timeline was discussed on a developer call on

Thursday, during which ecosystem stakeholders expressed a desire to

see the system-wide upgrade, “Atlantis”, occur sometime later this

summer.

■ 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 in April and May 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 declined last

week both in USD and BTC terms.

Volumes were higher week-over-week, averaging 106.2 million coins per

day compared to the previous week’s volumes of 99.9 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

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

June 10, 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!