Latest Cryptocurrency News & Press Releases

 

 

 

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Bitvo.com

Bitcoin (BTC)

C$12,526 (US$9,338) 

June 17, 2:10 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:

21 mm

POW or POS:

WORK

Current Mining Fee (USD):

~$2 .28

Website:

https://bitcoin.org

June 17, 2019

All figures in USD$, unless otherwise specified 

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■ General Cryptocurrency News:

After a slight pull back at the beginning of June, cryptocurrency prices

regained the momentum experienced in May, rising almost universally

throughout the week last week.

Facebook is expected to reveal details on its own cryptocurrency, a stable

coin, tomorrow. The company has reportedly secured backing from other

technology and payments giants including Uber, Spotify, and Visa.

Historically, an issue with stable coins has been that the companies

behind them have done little to prove that the stable coin is fully backed

by the fiat currency it is supposed to be pegged to. Having a Fortune 500

company with deep pockets guaranteeing a stable coin could have

meaningful implications for the crypto world, as well as potentially being a

determent to stable coins currently on the market.

■ BTC News:

The price of Bitcoin hit a 13-month high last week as cryptocurrency prices

trended positively across the board, a continuation of positive price

momentum experienced throughout the month of May.

Bitcoin breached US$9,000 for the second time this year leaving traders

thinking about the important US$10,000 psychological mark.

This increase in price came on increased volume with exchange traded

volume approaching US$20 billion in a 24-hour period at its peak last

week. It also surpassed one million daily active addresses, a level not seen

since late November 2017.

Twitter is reportedly looking to Bitcoin as the potential “future of internet

money,” with CEO Jack Dorsey reiterating his faith in the cryptocurrency

last week and beginning to make cryptocurrency hires at his payments

company, Square, including former Google product director Steve Lee.

Bakkt announced it will begin testing its physically delivered Bitcoin futures

product on July 22, 2019.

■ 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 resumed positive momentum last week, rising steadily

over the course of the week and topping previous highs reached in May.

Volumes for the week were slightly lower, averaging 2.3 million coins per

day compared to the previous week’s volumes of 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.

 

 

 

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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$367 (US$274) 

June 17, 2:10 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):

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June 17, 2019

■ ETH News:

Two blockchain-focused startups, crypto payments firm CLIC

Technology and blockchain infrastructure provider and B2B platform

Opporty, are teaming up to enable Amazon purchases with Ethereum. In

a press release published Friday, the pair announced they are

developing an app-like browser extension that allows Amazon customers

to pay for items with Ether, even though Amazon itself does not accept

cryptocurrencies.

The Google Cloud team has integrated Chainlink’s oracle middleware

with its BigQuery enterprise cloud data warehouse, allowing for an on-

chain and cloud-based interaction with Ethereum decentralized

applications and smart contracts. A blockchain oracle is a system that

provides the necessary external data (i.e. the variables to be evaluated)

to trigger the execution of a smart contract when the original terms of the

contract are met.

■ 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:

Similar to BTC, the price of ETH rose steadily throughout the week last

week.

However, BTC continued to outperform ETH, resulting in the price of ETH

in BTC terms trending down in the latter half of the week last week.

Volumes for the week averaged 32.6 million coins per day, which is lower

than the previous week’s volumes of 34.6 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:

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$0.58 (US$0.43) 

June 17, 2:10 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):

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100 Billion

■ XRP News:

Ripple has opened an office in Brazil with the goal of increasing use of

XRP throughout South America.

Caution to all XRP traders using the GateHub XRP wallet. GateHub

warned last week that there is a phishing scam campaign targeting its

cryptocurrency wallet users.

According to the official announcement, GateHub’s wallet users are being

sent malicious emails from addresses that look like they are from

GateHub: “@gatehub.com” and “@gatehub.net”.

The emails state that private keys have allegedly been compromised due

to insufficient security precautions and instruct users to transfer funds to a

“secure” wallet, which is owned by the attacker.

■ 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:

The price of XRP participated in last week’s cryptocurrency rally, rising

slightly but steadily throughout the week.

XRP continued to underperform other major cryptocurrencies, with its

price in BTC terms trending negatively throughout the week.

Volumes for the week were lower, averaging 3.40 billion coins per day

compared to the previous week’s volumes of 4.64 billion coins per day.

June 17, 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$179 (US$134) 

June 17, 2:10 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 17, 2019

■ LTC News:

Litecoin continues to prove to be an outperformer amongst major

cryptocurrencies with its price continuing to accelerate last week.

The price of Litecoin is up over 330% so far in 2019.

■ 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 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 shot up early in the week last week before stabilizing

and pulling back slightly later in the week.

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

approximately flat in BTC terms as the price of BTC outperformed LTC in

the latter half of the week.

Volumes last week averaged 37.0 million coins per day which was lower

than the previous week’s volume 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.

 

 

 

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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$580 (US$432) 

June 17, 2:10 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 17, 2019

■ BCH News:

%LWFRLQ&DVKFRQWLQXHVWRXQGHUSHUIRUPRWKHUPDMRUFU\SWRFXUUHQFLHV

UHVXOWLQJLQLWIDOOLQJIDUWKHUEHKLQGLQWHUPVRIPDUNHWFDSLWDOL]DWLRQ2QFH

ODUJHUWKDQ/LWHFRLQ¶V%LWFRLQ&DVK¶VPDUNHWFDSLWDOL]DWLRQQRZVLWVILUPLQ

ILIWKSODFHDW86ELOOLRQZLWKWKHJDSZLGHQLQJVLJQLILFDQWO\EHWZHHQ

IRXUWKSODFH/LWHFRLQDW86ELOOLRQ

■ Trading History YTD:

v

6RPHZKDWVLPLODUWRWKHWUHQGLQWKHSULFHRI%7&WKHSULFHRI%&+

JURXQGVLGHZD\VIRUWKHILUVWTXDUWHURIEHIRUHH[SHULHQFLQJDSULFH

VSLNHLQHDUO\$SULO

v

7KHSULFHRI%&+KDVWHQGHGVLGHZD\VVLQFHWKHEHJLQQLQJRI$SULOERWK

LQ86’DQG%7&WHUPV

■ 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 4.1 million coins perday

compared to the previous week’s volumes of 4.8 million coins perday.

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$213 (US$159) 

June 17, 2:10 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 17, 2019

■ DASH News:

The Dash iOS wallet is now also compatible with Apple watch Series 4

Watch OS5, allowing its wearers to display a QR code on the face of the

watch that can be scanned to receive funds.

Hundreds of Dash masternodes were taken offline last week due to new

performance requirements as the Dash network tightened its standards for

masternodes.

■ 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 ground steadily

higher last week in USD terms.

Dash continued to underperform BTC with the price of Dash in BTC terms

holding for the first half of the week before falling again in the second half

of the week.

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

compared to the previous week’s average, averaging 2.3 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.

 

 

 

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$11.81  (US$8.80) 

June 17, 2:10 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 17, 2019

■ ETH Classic News:

No significant ETC 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 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:

While the price of ETC benefited from the broader rally in cryptocurrency

prices last week, resulting in a steady price increase in terms of USD, its

price in BTC terms continued to slide throughout the week.

Volumes were lower week-over-week, averaging 79.1 million coins per

day compared to the previous week’s volumes of 106.2 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.

 

 

 

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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 17, 2019

 

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