Latest Cryptocurrency News & Press Releases

 

 

 

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Bitvo.com

Bitcoin (BTC)

C$11,547 (US$8,591) 

June 3, 3:00 pm

Shane Thomson, CFA  

shane@bitvo.test 

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):

~$3.41

Website:

https://bitcoin.org

June 3, 2019

All figures in USD$, unless otherwise specified 

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■ General Cryptocurrency News:

Kik, a Canadian tokenized social media start-up, has launched a US$5

million crypto initiative to fund a lawsuit against the United States

Securities and Exchange Commission (SEC). Kik CEO Ted Livingstone,

also the founder of Kik’s crypto project the Kin Foundation (KIN),

announced the formation of the Defend Crypto fund, which plans to legally

challenge the SEC to get regulatory clarity surrounding the definition of

securities in regard to cryptocurrencies.

Starbucks has announced it will use Microsoft’s Azure blockchain services

to track the supply chain from bean to store.  This will be leveraged to

allow customers to know specific information about the coffee beans they

are drinking.

■ BTC News:

Bitcoin hit an all-time high versus the Argentine peso last week as a result

of the current crypto bull run combined with the ongoing depreciation of

the Argentine peso amidst presidential election risks. According to the

Financial Times, bitcoin’s price reached as high as 394,000 pesos (US

$8,801 at press time) per coin, a level not seen since the crypto spike in

late 2017.

A sign of support for the general use of bitcoin was seen last week when

Microsoft added the bitcoin symbol to Excel.

American digital asset manager, Grayscale, announced that out of the

firm’s US$2.1 billion of assets under management, US$1.97 billion or 94%

resides in its bitcoin investment trust. Meanwhile, the firm also noted that

its ether, bitcoin cash and XRP trusts are worth US$13 million, US$6.7

million and US$5.7 million respectively.

Bitcoin Blender, a bitcoin mixing site, was reportedly shut down last week.

Europol allegedly shut down BestMixer after finding evidence that coins

from that site were used for money laundering.

■ 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 has continued since then with the price approaching

US$9,000.

■ Current Environment:

The price of BTC was stable to slightly lower last week, after trading

sideways for most of the week. This represents BTC’s first down week in

approximatively a month.

Volumes were similar to last week’s, averaging 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.

 

 

 

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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$353 (US$262) 

June 3, 3:00 pm

All figures in USD$, unless otherwise specified 

Page 2 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.165

Current Mining Fee (USD):

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June 3, 2019

■ ETH News:

The blockchain based game F1 Delta Time held an online auction for

limited edition cars that can be used in the game. One customer

purchased a car for 415.9 ETH, which at the time was worth

approximately US$110,000.

Ernst & Young released the code for its Ethereum private transaction

solution, Nightfall Ethereum, on GitHub making it open sourced. The

company stated they released the code to the public with the goal of

speeding up the adoption of blockchain.

■ 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:

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.

Volumes for the week averaged 40.5 million coins per day, which is 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.

 

 

 

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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$0.60 (US$0.44) 

June 3, 3:00 pm

All figures in USD$, unless otherwise specified 

Page 3 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.0070

Current Mining Fee (USD):

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100 Billion

■ XRP News:

XRP’s continued underperformance versus other major cryptocurrencies

has led to a widening in market capitalization between it and higher

ranked bitcoin and ether. Once the second largest cryptocurrency in

terms of market capitalization just a few months ago, XRP is now firmly

in third at a market capitalization of US$18.7 billion versus ether at US

$27.7 billion and bitcoin at US$152.0 billion.

■ Trading History YTD:

XRP has underperformed other major cryptocurrencies so far in 2019,

with its price trending down or flat for most of the year to date.

However, the price of XRP in USD terms has experienced the same lift

as other major cryptocurrencies in May, spiking at the beginning of the

month.

While the price of XRP has been more volatile in USD terms, it has

declined steadily in terms of BTC since the beginning of 2019.

■ Current Environment:

Similar to other major cryptocurrencies, the price of XRP traded

sideways for most of the week last week.

However, breaking the above noted trend, XRP outperformed other

cryptocurrencies last week, being one of the only cryptocurrencies to end

the week higher than where it started. The price of XRP ended up on the

week both in USD and BTC terms.

Volumes for the week were higher, averaging 5.75 billion coins per day

compared to the previous week’s volumes of 4.67 billion coins per day.

June 3, 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$578 (US$430) 

June 3, 3:00 pm

All figures in USD$, unless otherwise specified 

Page 4 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.0051

Current Mining Fee (USD):

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June 3, 2019

■ BCH News:

Stepping out of order in terms of market capitalization, it was revealed

last week that bitcoin cash makes up the third largest holding of digital

asset manager, Grayscale’s, assets under management. Bitcoin and

ether make up Grayscale’s largest and second largest positions, while

XRP, which has a higher overall market capitalization than bitcoin cash,

makes up the fourth largest position.

■ 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.

BCH has experienced a similar price spike at the beginning of May,

surpassing US$400.

■ Current Environment:

The price of BCH ground sideways last week, ending the week

approximately where it started in the low US$400s.

Volumes were lower week-over-week, averaging 5.2 million coins per

day compared to the previous week’s volumes of 6.1 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.

 

 

 

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$151 (US$112) 

June 3, 3:00 pm

All figures in USD$, unless otherwise specified 

Page 5 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.0562

Current Mining Fee (USD):

LOG IN TO VIEW

June 3, 2019

■ LTC News:

No significant LTC related news last week.

■ Trading History YTD:

Having started 2019 as a relative outperformer in comparison to other

major cryptocurrencies, LTC has lost some momentum in the second

quarter of 2019 as it has not participated in the recent positive movements

to the extent other major cryptocurrencies have.

However, the price of LTC has traded positively for most of the year in

2019.

■ Current Environment:

Similar to the price of BTC, the price of LTC trended sideways to slightly

lower last week, ending the week slightly below where it started in both

USD and BTC terms.

Volumes were lower week-over-week, averaging 38.9 million coins per

day compared to the previous week’s volumes 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:

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$218 (US$162) 

June 3, 3:00 pm

All figures in USD$, unless otherwise specified 

Page 6 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.0212

Current Mining Fee (USD):

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June 3, 2019

■ DASH News:

The Bitsa Dash debit card, which enables financial services for the

unbanked, can now be used for payments, withdrawing cash from ATMs,

making bank transfers, online payments, and more all without having a

bank account. Bitnovo users can load their card either via cryptocurrency

through the Bitnovo platform or via vouchers bought in stores with cash.

Crowdnode, a masternode sharing service that allows individuals to invest

for as little as 1 Dash, just passed 500 customers for 21 masternodes.

Crowdnode also enables fractional owners to vote in treasury cycles and

noticed that their users tend vote more than the average masternode

owner.

■ 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:

Alongside cryptocurrency markets broadly, the price of Dash pulled back

from recent highs last week, declining in both USD and BTC terms.

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

compared to the previous week’s average, averaging 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:

2016

Primary Use:

110 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$12.71  (US$9.46) 

June 3, 3:00 pm

All figures in USD$, unless otherwise specified 

Page 7 of 8

Shane Thomson, CFA  

shane@bitvo.test 

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 3, 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 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:

ETC was an outlier in the cryptocurrency space last week, trading

positively in USD and BTC terms for most of the week.

Volumes were higher week-over-week, averaging 99.9 million coins per

day compared to the previous week’s volumes of 78.7 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

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 3, 2019

 

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