Latest Cryptocurrency News & Press Releases






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All figures in USD$, unless otherwise specified 

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators. 

Page 1 of 8 

Bitcoin (BTC) 

C$10,974 (US$8,307) 
November 18, 2019 2:00 pm 

■ General Cryptocurrency News:

• Canaan is expected to start trading on the NASDAQ exchange. Canaan is

one of the leading crypto mining hardware providers.

• CoinMarketCap has introduced ‘liquidity’ as a metric to replace volume.

Exchange volumes have been scrutinized for being inaccurate.

• Chinese military has suggested that their soldiers could be rewarded with

cryptocurrency tokens for good performance, training and task completion.

• The Venezuela government announced it will pay retirees and pensioners

Christmas bonuses in the government created digital cryptocurrency the
Petro.

• India’s proposed ban on cryptocurrency is being delayed. The draft bill,

which proposes jail terms for those found dealing in digital currencies, was
expected to be introduced in parliament in the winter session that takes
place between November 18th and December 13th; however, it has not
been included in the agenda. Exchanges and crypto businesses are now
urging campaigners to present a united case for digital currencies to
regulators.

■ BTC News:

• Bakkt announced plans to offer cash-settled Bitcoin contracts. This will add

 

to the suite of products including the recently announced options on Bitcoin

 

futures.

• The U.S. Internal Revenue Service (IRS) is looking into potential tax issues

 

arising from Bitcoin ATMs and kiosks, which hit a new milestone worldwide,

 

with more than 6,000 now in operation with more than 65% based in the

 

United States. John Fort, the regulator’s criminal investigation chief, said

 the 

IRS is collaborating with law enforcement to look into the illicit use of

 such 

machines. He said “If you can walk in, put cash in and get Bitcoin out,

 

obviously we’re interested potentially in the person using the kiosk and what

 

the source of the funds is, but also in the operators of the kiosks.”

■ Trading History YTD:

• Since the end of June, the price of BTC has traded sideways to negative

 

with positive price momentum continually countered by downward pressure

 

and the price of BTC looking to find a level it can support.

■ Current Environment:

The price of BTC continued to trend sideways to negative last week, 

currently testing support levels in the low US$8,000s.

• Volumes for the week were lower, averaging 2.21 million coins per day. 

Technical Trading Score*: 

LOG IN TO VIEW 

Date Of Inception: 

2009 

Primary Use: 

CURRENCY 

Coins Outstanding: 

Maximum Coins: 

18mm 

21mm 

POW or POS: 

WORK 

Current Mining Fee (USD): 

~$0.476 

Website: 

https://bitcoin.org 

   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. 

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50 SMDA

November 18, 2019

 

Bitvo.com

 

Shane Thomson, CFA 

shane@bitvo.com

  

Andrei Novikov 

andrei@bitvo.com

 

 








background image

All figures in USD$, unless otherwise specified 

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators. 

Page 2 of 8 

 

Ether (ETH) 

C$238 (US$180) 
November 18, 2019 2:00 pm 

■ ETH News:

The United Kingdom Jurisdiction Taskforce of the Lawtech

 

Delivery Panel published a legal statement addressing the

 legal 

uncertainty of digital assets and smart contracts, which

 the 

Ethereum blockchain features.
In this they stated that crypto-assets would be considered

 

tradeable property and smart contracts will be recognized as

 

enforceable agreements under English and Welsh Law.

■ Trading History YTD:

• The price of ETH commenced the year relatively stable before

 

accelerating in May and then falling July onwards.

• While the price of ETH has given up most of its year to date

 gains, 

it remains in positive territory on the year in USD terms.

• 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:

The price of ETH was volatile last week. 

Accounting for movements both up and down, the price of ETH 

ended down in USD terms, similar to other major 

cryptocurrencies. 

In BTC terms, the price of ETH continued to outperform, ending 

the week up in BTC terms.  

• Volumes for the week averaged 41.59 million coins per day, which 

is 

below previous week’s volumes of 49.46 million coins per 
day. 

Technical Trading Score*: 

LOG IN TO VIEW 

Date Of Inception: 

2014 

Primary Use: 

SMART CONTRACTS 

Coins Outstanding: 

107mm 

Maximum Coins: 

NO MAX 

POW or POS: 

WORK 

Current Mining Fee (USD): 

~$0.129 

Website: 

https://www.ethereum.org/ 

   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.  

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50 SMDA

Bitvo.com 

 November 18, 2019

 

Shane Thomson, CFA 

shane@bitvo.com

  

Andrei Novikov 

andrei@bitvo.com

 

 








background image

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators. 

Page 3 of 8 

XRP 

C$0.34 (US$0.25) 
November 18, 2019 2:00 pm 

■ 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 and June’s almost universal

cryptocurrency price rally, it did not benefit to the same extent as other
major cryptocurrencies.

• Overall, the price of XRP is down on the year in USD terms and, as a

result of the above noted underperformance versus other
cryptocurrencies, the price of XRP has declined steadily in terms of
BTC since the beginning of 2019.

■ Current Environment:

The price of XRP experienced downward pressure last week both in 

USD and BTC terms. 

• Volumes for the week averaged 4.14 billion coins per day, which is

 

higher than the previous week’s volumes of 3.68 billion coins per day. 

Technical Trading Score*: 

  LOG IN TO VIEW 

Date Of Inception: 

   2012 

Primary Use: 

  CURRENCY 

Coins Outstanding: 

Maximum Coins: 

99.99 Billion 

100 Billion 

POW or POS: 

CORRECTNESS 

Current Mining Fee (USD): 

~$0.0003 

Website: 

https://ripple.com/ 

   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."

All figures in USD$, unless otherwise specified 

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50 SMDA

November 18, 2019

Bitvo.com

 

Shane Thomson, CFA 

shane@bitvo.com

  

Andrei Novikov 

andrei@bitvo.com

 

 








background image

All figures in USD$, unless otherwise specified 

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators. 

Page 4 of 8 

Bitcoin Cash (BCH) 

C$330 (US$250) 
November 18, 2019 2:00 pm 

■ BCH News:

• Bitcoin Cash experienced an expected hard fork last week when a

 

disagreeing mining pool, or perhaps one that had forgotten to upgrade

 

their software, did not fork with the planned Bitcoin Cash fork creating

 

a rogue chain.

• However, as per the stated Bitcoin Cash internal rule in such a

 

scenario, the chain with the longest history is given trusted ledger

 

status thereby invalidating the rogue chain.

■ 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 trended sideways since the beginning of April

 in 

USD terms and negatively in BTC terms over the same period.

■ Current Environment:

Again mirroring the price of BTC, the price of BCH trended sideways 

and closed negatively over the course of the week last week.

• Volumes were lower week-over-week, averaging 6.21 million coins

 per 

day compared to the previous week

‘s 7.54 million coins per day. 

Technical Trading Score*: 

LOG IN TO VIEW 

Date Of Inception: 

2017 

Primary Use: 

CURRENCY 

Coins Outstanding: 

18mm 

Maximum Coins: 

21 mm 

POW or POS: 

WORK 

Current Mining Fee (USD): 

~$0.0011 

Website: 

https://www.bitcoincash.org/ 

   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. 

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50 SMDA

November 18, 2019

Bitvo.com

 

Shane Thomson, CFA 

shane@bitvo.com

  

Andrei Novikov 

andrei@bitvo.com

 

 








background image

All figures in USD$, unless otherwise specified 

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators. 

Page 5 of 8 

Litecoin (LTC) 

C$75 (US$57) 
November 18, 2019 2:00 pm 

■ LTC News:

• No significant Litecoin related news last week

■ Trading History YTD:

• Having started 2019 as a relative outperformer in comparison to other

major cryptocurrencies, the price of LTC lost momentum in April
onwards, but for a brief recovery in June.

• The price of LTC in USD terms has traded in positive territory for all of

2019 year to date. However, as a result of the above noted recent
underperformance, the price of LTC is now down on the year in BTC
terms.

■ Current Environment:

The price of LTC experienced downward pressure last week both in 

USD and BTC terms. 

• Volumes last week averaged 51.84 million coins per day which was

 

lower than the previous week’s volume of 59.61 million coins per day. 

Technical Trading Score*: 

LOG IN TO VIEW 

Date Of Inception: 

2011 

Primary Use: 

CURRENCY 

Coins Outstanding: 

Maximum Coins: 

62mm 

84 mm 

POW or POS: 

WORK 

Current Mining Fee (USD): 

~$0.035 

Website: 

https://litecoin.com/ 

  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.

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50 SMDA

November 18, 2019

 

Bitvo.com

 

Shane Thomson, CFA 

shane@bitvo.com

  

Andrei Novikov 

andrei@bitvo.com

 

 

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.








background image

All figures in USD$, unless otherwise specified 

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators. 

Page 6 of 8 

DASH (DASH) 

C$87 (US$66) 
November 18, 2019 2:00 pm 

■ DASH News:

• Dash Core announced an open house event to showcase the launch of

Dash Platform release, known as Dash Evolution.

• Due to a previous partnership with Utrust, Dash is now available on

Alternative Airlines, an air travel booking platform connecting over 650
airlines globally. Alternative Airlines also claims to be the United
Kingdom’s fastest-growing travel agency and ranked 93/100 by the
Sunday Times’ Tech Track 100 fastest-growing private technology
companies in the country.

■ Trading History YTD:

• After a generally stable start to the year, the price of Dash increased in

USD terms from April through June before declining July onwards.

• Accounting for movements both up and down, the price of Dash is now in

negative territory for the year both in USD and BTC terms. 

■ Current Environment:

The price of Dash declined to start the week last week before 

stabilizing mid-week and then declining again over the week. 

Price trends were similar both in USD and BTC terms. 

• Volumes were lower week-over-week, averaging 2.2 million coins per

 

day. 

Technical Trading Score*: 

LOG IN TO VIEW 

Date Of Inception: 

2014 

Primary Use: 

CURRENCY 

Coins Outstanding: 

9 mm 

Maximum Coins: 

22 mm 

POW or POS: 

STAKE 

Current Mining Fee (USD): 

~$0.006 

Website: 

https://www.dash.org/ 

   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. 

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50 SMDA

November 18, 2019

 

Bitvo.com

 

Shane Thomson, CFA 

shane@bitvo.com

  

Andrei Novikov 

andrei@bitvo.com

 

 








background image

All figures in USD$, unless otherwise specified 

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators. 

Page 7 of 8 

November 18, 2019

 

Bitvo.com

 

Ethereum Classic (ETC) 

C$5.84 (US$4.42) 
November 18, 2019 2:00 pm 

■ ETH Classic News:

The Ethereum Classic community has been gearing up for the

Agharta hard fork. The hard fork is scheduled to take place on the

15th of January 2020.

While the community has been preparing for the launch of the

Mainnet, the testnets have been rolling out on the network. On

November 14th, Ethereum Classic Cooperative announced that they

have activated the latest testnet, Morden, on the network.

With the activation of Morden and Mordor testnets, the community is

just one testnet away from the launch of the mainnet.

Kotti, which is the next testnet, is expected to be activated on

December 11th.

The Agharta hard fork is believed to be part two of the Atlantis hard

fork, which was executed late summer 2019.

■ Trading History YTD:

• After trading sideways for most of the first quarter of 2019, the price of

ETC benefited from broader spring momentum in the cryptocurrency
space, trading generally positively from April through the end of June,
before correcting again July onwards in terms of USD.

• However, ETC has generally underperformed other major

cryptocurrencies with its price trending negatively throughout most of
the year to date in terms of BTC.

■ Current Environment:

The price of ETC continued to fall last week, both in USD and BTC 

terms. 
Volumes were lower week-over-week, averaging 129.2 million coins

 

per day compared to the previous week’s volumes of 144.5 million

 

coins per day.

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.

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Close

50 SMDA

Shane Thomson, CFA 

shane@bitvo.com

  

Andrei Novikov 

andrei@bitvo.com

 

Technical Trading Score*: 

LOG IN TO VIEW 

Date Of Inception: 

2016 

Primary Use: 

SMART CONTRACTS 

Coins Outstanding:      

 112MM 

Maximum Coins:       

   NO MAX 

POW or POS: 

WORK 

Current Mining Fee (USD): 

~$0.002 

Website: 

https://ethereumclassic.org/ 








background image

Bitvo.com 

November 18, 2019

 

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. 

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