Latest Cryptocurrency News & Press Releases

 

 

 

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Bitvo.com

Bitcoin (BTC)

C$13,581 (US$10,315) 

September 9, 2019 12:30 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:

21mm

POW or POS:

WORK

Current Mining Fee (USD):

~$0.790

Website:

https://bitcoin.org

September 9, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

■ General Cryptocurrency News:

A senior Apple executive hinted that the tech giant is keeping a close eye

on developments in the cryptocurrency industry. Speaking at an event in

San Francisco last week, Jennifer Bailey, the vice president of Apple Pay,

said “We’re watching cryptocurrency. […] We think it’s interesting. We think

it has interesting long-term potential”.

Galaxy Digital received approval from the Financial Industry Regulatory

Authority to facilitate public offerings of tokens.

Binance, with the help of Paxos, is going to release its own stable coin.

■ BTC News:

Bakkt started accepting deposits and withdrawals for its physically backed

Bitcoin futures product last week and also announced that all Bitcoin

deposited at the Bakkt Warehouse is protected by a US$125 million

insurance policy. Bakkt’s Bitcoin futures product is proposed to launch later

this month on September 23rd, 2019.

Twitter’s CEO, Jack Dorsey, shot down rumors of a Twitter-coin stating that

he would rather back Bitcoin as the “native currency for the internet”.

Argentina continues to experience periotic premiums added to the price of

Bitcoin as its government attempts to restrict outflows of the Argentine

Peso. At times Bitcoin has traded for a premium of greater than 10% in

comparison to prices quoted globally.

Bitmain announced Friday that it is launching two new models for its

Antminer Bitcoin mining devices. The first is a more powerfull Antminer

S17e, which has a hash rate (mining power) of 64 terahertz per second and

a power efficiency of 45 joules per TH. The second is the more budget-

friendly T17e, which provides the same hash rate as the current model of

53 TH/s and power efficiency of 55 J/TH but at a lower price point.

■ Trading History YTD:

The price of BTC was relatively stable for the first quarter of the year,

grinding sideways for the first three months of 2019.

The second quarter saw the price of BTC shoot up dramatically before

correcting at the start of the third quarter.

Overall, the price of BTC has experienced tremendous positive momentum

on the year, increasing from US$3,700 to start the year to almost

US$10,300 today, making it one of the best performing assets of 2019.

■ Current Environment:

The price of BTC was relatively stable last week. Movements both up and

down achieved the net result of a slight increase on the week.

Volumes for the week were similar, averaging 1.6 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:

2014

Primary Use:

SMART CONTRACTS

Coins Outstanding:

107mm

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$238 (US$181) 

September 9, 2019 12:30 pm

All figures in USD$, unless otherwise specified 

Page 2 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.129

Current Mining Fee (USD):

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■ ETH News:

Ethereum’s testnet activation of the Istanbul hard fork has been

pushed back again, this time from last week to early October,

according to the community manager of the Ethereum Foundation,

Hudson Jameson.

■ Trading History YTD:

The price of ETH commenced the year relatively stable before

accelerating in May and then falling throughout the summer months.

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:

Similar to the price of BTC, the price of ETH ground sideways last

week.

The net result of movements both up and down was the price of ETH

exiting the week approximately where it began, both in BTC and USD

terms.

Volumes for the week averaged 36.4 million coins per day, which is

higher than the previous week’s volumes of 35.7 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.

September 9, 2019

 

 

 

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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$0.34 (US$0.26) 

September 9, 2019 12:30 pm

All figures in USD$, unless otherwise specified 

Page 3 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0003

Current Mining Fee (USD):

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100 Billion

■ XRP News:

A petition for Ripple to increase the release of XRP has started

gaining traction. The idea behind the movement is that mass adoption

can not happen while coins sit idle in wallets, primarily Ripple’s

escrow wallet.

This petition comes one week after XRP holders reacted negatively to

Ripple’s continued release of XRP tokens, which they feel has placed

a cap on the price of XRP.

■ 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 both positive and negative momentum

last week before ending the week up slightly in USD terms and down

slightly in BTC terms.

Volumes for the week averaged 4.07 billion coins per day, which is

higher than the previous week’s volumes of 4.02 billion coins per day.

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

September 9, 2019

 

 

 

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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$403 (US$306) 

September 9, 2019 12:30 pm

All figures in USD$, unless otherwise specified 

Page 4 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0011

Current Mining Fee (USD):

LOG IN TO VIEW

■ BCH News:

No significant Bitcoin Cash 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 trended sideways since the beginning of April in

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

■ Current Environment:

The price of BCH outperformed other major cryptocurrencies last

week, particularly in the latter half of the week.

As a result, the price of BCH ended the week higher in USD and BTC

terms.

Volumes were similar week-over-week, averaging 4.5 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.

September 9, 2019

 

 

 

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$92 (US$70) 

September 9, 2019 12:30 pm

All figures in USD$, unless otherwise specified 

Page 5 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.035

Current Mining Fee (USD):

LOG IN TO VIEW

■ 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.

Until the end of June, the price of LTC in USD terms has traded positively

for most of the year in 2019.

However, as a result of the above noted recent underperformance, the

price of LTC in terms of BTC is now down on the year.

■ Current Environment:

The price of LTC was stable for the first half of the week last week before

trending up in the latter half of the week both in USD and BTC terms.

Volumes last week averaged 38.9 million coins per day which was higher

than the previous week’s volume of 38.1 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.

September 9, 2019

 

 

 

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■ DASH News:

Cryptocurrency ATM and merchant solution provider IQ CashNow is

integrating Dash to their network of over 1,000 Dash-accepting merchants

and over 250 ATMs. IQ CashNow operates primarily in Europe, across

Austria, Spain, Greece, Italy and Turkey, and also has operations in the

United States and Ecuador.

■ 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 throughout the

summer months.

Accounting for movements both up and down, the price of Dash in USD

terms remains in positive territory for the year.

However, given Dash’s underperformance versus BTC, the price of Dash

has trended negatively since the end of March in BTC terms.

■ Current Environment:

The price of Dash ground sideways for the first half of the week last week

before experiencing significant increases in USD and BTC terms in the

latter half of the week.

Volumes were similar week-over-week, averaging 1.6 million coins per

day.

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$115 (US$87) 

September 9, 2019 12:30 pm

All figures in USD$, unless otherwise specified 

Page 6 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.006

Current Mining Fee (USD):

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

September 9, 2019

 

 

 

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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2016

Primary Use:

112 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$8.65  (US$6.57) 

September 9, 2019 12:30 pm

All figures in USD$, unless otherwise specified 

Page 7 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.002

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

■ ETH Classic News:

Ethereum Classic Labs, a core Ethereum Classic development and

accelerator organization, announced partnerships with social media

dApp iZbreaker and blockchain infrastructure developer Second State.

Per the announcement, the partnership with Second State “will bring

high-impact enhancements into the ETC ecosystem”, is intended to

create an open-source toolchain and runtime software that powers the

next generation of Ethereum-compatible blockchains.

The partnership with social media dApp iZbreaker, an invite-only,

secure community for connecting people with a three-degree network of

friends-of-friends, entails Ethereum Classic Labs providing development

resources to build the social media dApp and use its technical and

marketing expertise to create and launch a new decentralized

application.

■ 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 over the summer months 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 lost some of its recent momentum last week, ending

down on the week in USD and BTC terms.

As a result of the above noted underperformance, the market

capitalization of ETC fell to below that of Dash’s last week, after rising

above it in the prior two weeks.

Volumes were lower week-over-week, averaging 91.2 million coins per

day compared to the previous week’s volumes of 110.4 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.

September 9, 2019

 

 

 

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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

September 9, 2019

 

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