Latest Cryptocurrency News & Press Releases

 

 

 

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Bitvo.com

Bitcoin (BTC)

C$10,545 (US$7,829) 

May 13, 2:15 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):

~$2.16

Website:

https://bitcoin.org

May 13, 2019

All figures in USD$, unless otherwise specified 

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■ General Cryptocurrency News:

Flexa, the Winklevoss twins’ newest start-up, launched an app named

Spedn that facilitates mainstream adoption of cryptocurrency by allowing

major retailers such as Whole Foods and Crate & Barrel to accept digital

currencies at physical store locations.

■ BTC News:

Venture capitalist and crypto enthusiast Tim Draper stated he believes that

BTC could make up 5% of the world’s total asset value in the future. If this

came to fruition, the corresponding demand would result in BTC trading at

approximately US$250,000 per BTC.

Microsoft is launching the first decentralized infrastructure implementation by a

major tech company that is built directly on the bitcoin blockchain. The open

source project, called Ion, deals with the underlying mechanics of how

networks talk to each other.

Bakkt announced that its much anticipated BTC futures contract is near ready

for launch. The Intercontinental Exchange (ICE)-backed company stated it will

be launching its physically-backed futures contract in June.

BTC mining company Honeyminer has released an app that mines BTC on

customers’ mobile phones. The application runs in the background when the

phone’s CPU is idle.

BTC’s average fee per transaction jumped to over USD$2.00 recently as the

increase in price is increasing the number of transactions on the blockchain.

Most other cryptocurrencies have not seen the same increase in fees as BTC

has over the last month.

■ 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 more positive than negative momentum

has been experienced since with the price now approaching US$8,000.

■ Current Environment:

The price of BTC rose steadily throughout the week last week before wavering

over the weekend. However, positive momentum returned today with positive

news overnight such as the above noted announcements from Bakkt and

Microsoft.

Volumes were higher week-over-week, averaging 3.2 million coins per day.

The previous week’s volumes averaged 2.7 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

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$270 (US$200) 

May 13, 2:15 pm

All figures in USD$, unless otherwise specified 

Page 2 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.0973

Current Mining Fee (USD):

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May 13, 2019

■ ETH News:

GE Aviation and Microsoft have teamed up to use the Ethereum blockchain to

track the full life cycle of aviation parts. The goal is that this data will better

inform companies with respect to how certain parts perform in different

airplanes and allow for more tactical scheduling of maintenance.

Despite announcements from the Ethereum Foundation last week to the

contrary, CEO of crypto advisory firm Messari stated he doesn’t believe that

the ETH 2.0 proof of stack transition will happen until sometime in 2021.

■ Trading History YTD:

After a positive start to the year, the price of ETH declined for most of January

before being able to hold on to positive momentum for most of February,

March and April.

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:

Positive momentum in ETH continued last week with the price grinding higher

throughout the week and then spiking over the weekend.

However, given an even greater increase in the price of BTC, the price of ETH

in BTC terms continued to decline.

Volumes for the week averaged 47.9 million coins per day, this is up from the

previous week’s volume of 38.8 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.

 

 

 

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■ Current Environment:

The price of XRP experienced more positive than negative price

momentum last week, ending the week up from where it began.

However, given an even greater increase in the price of BTC, the price

of XRP in BTC terms declined steadily throughout the week.

Volumes for the week were higher, averaging 4.27 billion coins per day

compared to the previous week’s volumes of 3.34 billion coins per day.

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$0.44 (US$0.33) 

May 13, 2:15 pm

All figures in USD$, unless otherwise specified 

Page 3 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.0002

Current Mining Fee (USD):

LOG IN TO VIEW

100 Billion

■ XRP News:

Boerse Stuttgart, Germany’s second largest stock exchange, commenced

trading of Exchange-Traded-Notes (ETNs) for XRP and LTC. ETNs are a

derivate product that allow investors to participate in the movement of an

asset without holding the underlying product.

■ 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.

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.

May 13, 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$527 (US$390) 

May 13, 2:15 pm

All figures in USD$, unless otherwise specified 

Page 4 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.0054

Current Mining Fee (USD):

LOG IN TO VIEW

May 13, 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.

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

as it approaches US$400.

■ Current Environment:

The price of BCH continued to gain momentum last week, particularly

in the second half of the week.

However, with BTC also experiencing similar momentum, the price of

BCH ended the week down slightly in BTC terms.

Volumes were higher week-over-week, averaging 7.2 million coins

per day compared to the previous week’s volumes of 6.7 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

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$121 (US$90) 

May 13, 2:15 pm

All figures in USD$, unless otherwise specified 

Page 5 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.059

Current Mining Fee (USD):

LOG IN TO VIEW

May 13, 2019

■ LTC News:

No significant LTC-related news last week.

■ Trading History YTD:

LTC started 2019 as a relative outperformer in comparison to other

major cryptocurrencies as it traded positively for most of the first

quarter of the year.

However, since losing some steam in April, the price of LTC has

trended sideways in USD terms and negatively in BTC terms over

the past month and a half.

■ Current Environment:

Similar to other major cryptocurrencies, the price of LTC increased

last week, particularly in the latter half of the week in USD terms.

However, due to the relatively outsized increase in the price of

BTC, the price of LTC declined steadily in BTC terms throughout

the week.

Volumes were higher week-over-week, averaging 44.9 million

coins per day compared to the previous week’s volumes of 40.7

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

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$179 (US$133) 

May 13, 2:15 pm

All figures in USD$, unless otherwise specified 

Page 6 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.0119

Current Mining Fee (USD):

LOG IN TO VIEW

May 13, 2019

■ DASH News:

Formerly known as Dash Ventures, Dash Investment Foundation is

launching to allow the Dash network to take equity stakes in the proposals

it funds. It is believed to be the world’s first ownerless and memberless

investment fund and will consist of six supervisors elected by the

masternode network to ensure that the directors are carrying out the best

wishes of the network.

NuMundo, a hospitality and experience network focusing on

transformational travel has integrated Dash, which can be used at 800

different centers in over 100 countries. NuMundo cited mutual goals as a

reason for integration, including a focus on adoption in Latin America.

Cryptocurrencies currently make up around 3% of bookings and

transactions on the platform.

■ 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.

■ Current Environment:

The price of Dash declined for the first half of the week last week, before

regaining positive momentum and increasing over the weekend in USD

terms.

However, given the significant move in the price of BTC, the price of Dash

declined in BTC terms.

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

compared to the previous week’s average, averaging 3.2 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:

2016

Primary Use:

110 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$8.30  (US$6.16) 

May 13, 2:15 pm

All figures in USD$, unless otherwise specified 

Page 7 of 8

Shane Thomson, CFA  

shane@bitvo.test 

403.407.0046

~$0.0019

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

May 13, 2019

■ ETH Classic News:

No significant ETC related news last week.

■ Trading History YTD:

The price of ETC is still looking for direction in 2019 as it is

currently trading approximately where it began the year after both

positive and negative movements in terms of USD.

In terms of BTC, the price of ETC is down on the year as the

currency has underperformed other major cryptocurrencies.

■ Current Environment:

Similar to other major cryptocurrencies, the price of ETC increased

last week, particularly in the latter half of the week in USD terms.

However, due to the more pronounced increase in the price of

BTC, the price of ETC declined steadily in BTC terms throughout

the week.

Volumes were higher week-over-week, averaging 92.8 million coins

per day compared to the previous week’s volumes of 78.9 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

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

May 13, 2019

 

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