Latest Cryptocurrency News & Press Releases

 

 

 

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Bitvo.com

Bitcoin (BTC)

C$14,189 (US$10,644) 

September 03, 1:45 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):

~$0.874

Website:

https://bitcoin.org

September 03, 2019

All figures in USD$, unless otherwise specified 

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■ General Cryptocurrency News:

As students head back to school today, a new study published by Coinbase

highlights that academic interest in cryptocurrency and blockchain is

increasing. Of the world’s top 50 universities (according to the U.S. News &

World Report ranking), 56% have blockchain or crypto classes available.

This is up from 42% at this time last year.

Facebook hired a Washington-based lobbying firm last week as it attempts

to ease regulatory pressure surrounding the company’s proposed stable

coin, Libra. The lobbying firm is said to deliver support on “issues related to

blockchain policy,” according to the lobbying registration documents that

were filed with United States Congress.

■ BTC News:

The online delivery site and mobile application for Burger King Germany is

now accepting Bitcoin as a payment option for over 600 locations

throughout the country.

Additionally, PwC Luxembourg, a subsidiary of the world’s second largest

professional services firm, announced it will start accepting Bitcoin

payments starting October 1st, 2019. The firm stated in a press release last

week that the move shows the firm’s commitment to comply with the needs

of clients as well as support the growing crypto ecosystem.

Following another delay in the United States Securities and Exchange

Commission (SEC) approval of Bitcoin exchange-traded funds (ETFs),

asset managers VanEck and SolidX plan to offer a limited version of their

Bitcoin ETF to institutional investors. According to a report by the Wall

Street Journal, the investment management firms are planning to start

selling on September 5th, 2019 under SEC Rule 144A, which allows the

sale of privately placed securities to “qualified institutional buyers”.

■ 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 over US$10,600

today, making it one of the best performing assets of 2019.

■ Current Environment:

The price of BTC ground sideways throughout most of the week last week

before shooting up over the tail end of the North American long weekend.

Volumes for the week were lower, 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$241 (US$180) 

September 03, 1:45 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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September 03, 2019

■ ETH News:

Parity, a blockchain infrastructure company that runs the core of the

Ethereum network, is delaying the Ethereum planned hard fork until

September 6th, 2019. According to Parity core developer Wei Tang,

the organization needs two more weeks before developers can

proceed in selecting a block number for the Istanbul fork.

Islamic finance and Sharia advisory firm, Amanie Advisors,

announced that the firm has collaborated with the Ethereum

Foundation to establish the platform’s compliance with Sharia

religious law. As a result of the collaboration, the company released

a paper with the main purpose of illustrating Ethereum’s compliance

with Islamic morals, which concedes a Sharia endorsement of the

project as well as its coin, Ether.

■ 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 dropped sharply to start the week last week before

stabilizing and then recovering over the weekend.

Overall, the price of ETH ended the week down in USD terms and,

given its underperformance relative to BTC, fell steadily throughout

the week in BTC terms.

Volumes for the week averaged 35.7 million coins per day, which is

higher than the previous week’s volumes of 34.6 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:

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$0.35 (US$0.26) 

September 03, 1:45 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:

Data from Whale Alert, a live tracker of cryptocurrency transactions,

indicated that Ripple has transferred 500 million XRP tokens, the

equivalent of approximately US$130 million, from its escrow wallet to

Ripple. This is one of many large transfers of XRP detected to and

from Ripple and the escrow wallet.

MorningStar Japan, a subsidiary of financial services giant SBI

Holdings, announced that it will offer its shareholders dividends in the

form of XRP tokens. According to the statement, the Japanese

company will offer 30 XRP to its shareholders if they hold a minimum

of 100 shares by September 30th, 2019.

■ 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:

After dropping sharply to start last week, the price of XRP was

relatively stable to trending slightly positive throughout the balance of

the week.

Overall, the price of XRP ended the week down both in USD and BTC

terms.

Volumes for the week averaged 4.02 billion coins per day, which is

higher than the previous week’s volumes of 3.88 billion coins per day.

September 03, 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$405 (US$304) 

September 03, 1:45 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

September 03, 2019

■ BCH News:

Bitcoin Cash faced fresh criticism last week after one of its lead

developers, Amaury Séchet, indicated in a Reddit post that the

cryptocurrency’s network was unable to process blocks larger than 2

megabytes.

Séchet is the lead developer of Bitcoin ABC, the first incarnation of the

Bitcoin Cash network.

■ 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 fell throughout the first half of the week before

rebounding throughout the second half of the week last week in USD

terms.

In terms of BTC, the price of BCH continued to underperform and fell

steadily throughout the week.

Volumes were higher week-over-week, averaging 4.5 million coins per

day compared to the previous week’s volumes of 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.

 

 

 

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$69) 

September 03, 1:45 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

September 03, 2019

■ LTC News:

The Litecoin Foundation announced last week that it has joined hands

with UNICEF’s Kid Power programme to enable financial empowerment in

the classroom. “We are excited to work with UNICEF Kid Power to give

the next generation of kids the tools they need to build healthy financial

foundations and give back to their communities along the way” said

Litecoin founder Charlie Lee.

The programme will launch during the 2019 Litecoin Summit as part of the

Las Vegas Blockchain week in October 2019. Over the two-day event,

attendees will be invited to visit the UNICEF booth to “unlock up to

125,000 Kid Power Coins, which the Litecoin Foundation will underwrite

for Las Vegas schools”.

■ 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:

Similar to other major cryptocurrencies, the price of LTC fell sharply to

start the week last week before stabilizing and then recovering slightly.

Accounting for movements both up and down, the price of LTC ended the

week down in USD terms.

In terms of BTC, the price of LTC continued to underperform, declining

steadily throughout the week last week.

Volumes last week averaged 38.1 million coins per day which was higher

than the previous week’s volume of 33.6 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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■ DASH News:

Farmarket, a 22-location Venezuelan pharmacy franchise, has added

Dash as a payment option in partnership with Xpay, increasing Dash

adoption in inflation plagued Venezuela. Farmarket claims to support

over 250,000 monthly customers throughout 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 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 experienced significant downward pressure in USD

terms to start the week last week before recovering only slightly in the

latter half of the week.

This outsized drop in comparison to other major cryptocurrencies resulted

in the price of Dash declining steadily in BTC terms and also falling in

rank, dropping to be the 17th largest cryptocurrency in terms of market

capitalization behind Ethereum Classic for the first time all year.

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$111 (US$83) 

September 03, 1:45 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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September 03, 2019

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:

112 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$9.09  (US$6.82) 

September 03, 1:45 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

September 03, 2019

■ ETH Classic News:

Ethereum Classic moved up to the 16

th

largest cryptocurrency based on

market cap. ETC is now ranked one above Dash with a market cap of

US$773.8 million vs Dash’s market cap of US$750.9 million.

■ 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 trended similarly to other major cryptocurrencies last

week, falling throughout the first half of the week before recovering in

the second half.

Overall the price of ETC ended down on the week both in USD and

BTC terms.

Volumes were lower week-over-week, averaging 110.4 million coins

per day compared to the previous week’s volumes of 134.5 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

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 03, 2019

 

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