Latest Cryptocurrency News & Press Releases






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Bitvo.com

Bitcoin (BTC)

C$13,061 (US$9,848) 

September 23, 2019 3:00 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 

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):

~$0.645

Website:

https://bitcoin.org

September 23, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

■ General Cryptocurrency News:

After Bitcoin outperformed other digital assets for most of 2019, interest in

altcoins came back to life last week with major cryptocurrencies rising, some

over 20% on the week.

Wells Fargo & Company joins the list of banks and government bodies with

plans to pilot a stable coin. The coin is said to be called “Wells Fargo Digital

Cash” and will be backed by US dollars.

Police in the United Kingdom are set to auction criminally-seized

cryptocurrency this week including US$662,000 (£500,000) worth of Bitcoin,

a reported first for the country. Police reportedly seized the coins from a

criminal who had illegally sold personal data and provided hacking services

in exchange for cryptocurrency. Other assets to be auctioned include Ether,

XRP, and other unnamed tokens.

The Director of China’s Research Institution on Digital Currency conceded

that, although China is against Facebook’s Libra, it might be impossible to

stop its use. Libra continues to face criticism from governments globally due

to fear that it will take away their influence over the money supply.

■ BTC News:

After thirteen months and two delays, Bakkt launched its Bitcoin futures

product today to institutional investors. Trading opened at midnight UTC and

closes at 22:00. Bakkt’s futures will be physically settled, meaning buyers

receive Bitcoin at expiration, whereas the futures available since 2017 at the

Chicago exchange CME Group are cash-settled. Bakkt’s Bitcoin futures

contracts expire after one day. According to the daily contract’s

specifications, the Bitcoin will be delivered on the second business day after

the contract’s expiry date.

The CME Group announced that it will be releasing options for its Bitcoin

futures sometime in early 2020. According to Tim McCourt, the Head of

Equity Index and Alternative Investment Products at CME Group, the launch

of Bitcoin options will provide clients “with additional flexibility to trade and

hedge their Bitcoin price risk”.

■ Trading History YTD:

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

negative with successive peaks achieving lower highs but finding support in

troughs around US$10,000.

■ Current Environment:

The price of BTC trended negative most of the week last week, while other

coins rose almost universally, particularly in the first half of the week.

Volumes for the week were similar, averaging 1.5 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:

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$274(US$207) 

September 23, 2019 3:00 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):

LOG IN TO VIEW

■ ETH News:

The price of Ether rose last week as part of a broader altcoin rally.

Additionally, the price of Ether was likely supported by the news

that tests are underway to improve network performance and

reduce transaction fees, potentially increasing capacity by 25%.

Bitpay announced that they will start supporting the Ethereum

blockchain, allowing Ether to be used as payment across all of the

countries that Bitpay services.

■ 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:

The price of ETH regained momentum last week, rising sharply in

the first half of the week before tapering off in the latter half of the

week.

ETH outperformed BTC for the first time in many months, rising

both in BTC and USD terms.

Volumes for the week averaged 41.7 million coins per day, which is

higher than the previous week’s volumes of 35.3 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.

September 23, 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$0.37 (US$0.28) 

September 23, 2019 3:00 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):

LOG IN TO VIEW

100 Billion

■ 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:

XRP participated in last week’s altcoin rally, with its price increasing

sharply in the first half of the week before stabilizing in the second half

of the week.

Volumes for the week averaged 5.74 billion coins per day, which is

higher than the previous week’s volumes of 3.78 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 23, 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$405 (US$305) 

September 23, 2019 3:00 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 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.

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 participated in the altcoin rally at the beginning of

last week.

However, it did not manage to hold on to gains the way others did with

its price falling sharply mid-week and the tapering lower later in the 

week. 

Overall, the price of BCH ended the week approximately where it 

began, both in USD and BTC terms.

Volumes were higher week-over-week, averaging 4.9 million coins per 

day compared to the previous week’s 4.2 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.

September 23, 2019








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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2011

Primary Use:

CURRENCY

62mm

Coin Profile

Litecoin 

is 

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$95 (US$72) 

September 23, 2019 3:00 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:

The Litecoin Foundation announced a partnership with Celsius Network

that will allow customers to borrow Litecoin from the Foundation.

■ 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 Litecoin rose sharply to start the week last week alongside

other altcoins.

However, Litecoin lost most of its gain on the week, ending the week

only slightly higher in USD terms.

Given the underperformance of BTC last week, the price of Litecoin rose

in BTC terms.

Volumes last week averaged 40.8 million coins per day which was

higher than the previous week’s volume of 35.8 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.

September 23, 2019








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■ DASH News:

Cryptocurrency travel booking service XcelTrip integrated Dash last

week. The travel booking service enables individuals to book over

800,000 hotels and over 400 airlines with cryptocurrency, now including

Dash.

XcelTrip enables purchasing via iOS, Android, and web and pass their

cost savings back to consumers via a cash back service that immediately

credits consumers on 15% of their bookings.

■ 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:

Dash failed to participate in last week’s altcoin rally.

The price of Dash was volatile throughout the week. After accounting for

movements both up and down, the price of Dash ended the week lower in

USD terms.

However, given BTC’s poor performance last week, the price of Dash

ended the week up slightly in BTC terms.

Volumes were similar week-over-week, averaging 1.5 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$119 (US$90) 

September 23, 2019 3:00 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):

 

 

LOG IN TO VIEW

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

September 23, 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$7.96  (US$6.00) 

September 23, 2019 3:00 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:

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 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 did not participate in the altcoin rally last week,

ending the week down both in USD and BTC terms.

Volumes were higher week-over-week, averaging 82.1 million coins

per day compared to the previous week’s volumes of 77.0 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 23, 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 23, 2019


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