Latest Cryptocurrency News & Press Releases

 

 

 

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Bitvo.com

Bitcoin (BTC)

C$14,221 (US$10,914) 

July 15, 1:30 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):

~$1.46

Website:

https://bitcoin.org

July 15, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

■ General Cryptocurrency News:

Tyler and Cameron Winklevoss, co-founders of crypto trading platform

Gemini, predicted last week that every “FANG” company (defined as the

Big Four technology firms, Facebook, Amazon, Netflix and Google) will

have its own cryptocurrency within two years.

In China, 22 suspects were arrested and 4,000 crypto mining units were

confiscated in what the local police are saying was an illegal mining

operation. The operation allegedly stole approximately US$3 million worth

of electricity.

President of the United States, Donald Trump, tweeted about his

reservations on cryptocurrency. He specifically mentioned Bitcoin and Libra

and stated that the U.S. dollar is the only real currency, fiat or otherwise.

At the same time, the Governor of the Bank of England acknowledged that

Libra is an innovation that attempts to solve problems associated with the

delays in sending fiat across borders.

■ BTC News:

Software entrepreneur John McAfee reiterated that he believes the price of

a Bitcoin will hit US$1 million by the end of 2020.

Payments start-up Fold has made Bitcoin’s Lightning Network payments

possible at Amazon, Starbucks, Uber and other big-name retailers. The

Lightning Network is a second-layer solution to Bitcoin’s scalability

limitations, opening payment channels between users that keep the

majority of transactions off-chain, turning to the underlying blockchain only

to record net results.

According to a report from Morningstar via the Wall Street Journal,

Grayscale Investments’ Bitcoin Trust (GBTC) is up almost 300% so far in

2019, making it the best performing fund on the market despite the recent

pull back in the price of BTC.

■ 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 climbed steadily throughout May

and June before correcting at the end of June.

Current Environment:

After rising slightly at the beginning of last week, the price of BTC trended

negatively from Wednesday onwards before starting to rebound today.

Volumes for the week averaged 2.2 million coins per day, which is slightly

lower than the previous week’s volumes of 2.3 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.

 

 

 

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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$304 (US$233) 

July 15, 1:30 pm

All figures in USD$, unless otherwise specified 

Page 2 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.24

Current Mining Fee (USD):

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July 15, 2019

■ ETH News:

While Ethereum continues to work towards Ethereum 2.0, co-founder

Vitalik Buterin has proposed the use of the Bitcoin Cash blockchain as a

temporary scalability solution for the Ethereum network. The Ethereum

native blockchain is capable of processing up to 15 transactions per

second, while its major competitor Ripple is estimated to have a

transactions per second capacity of 1,500.

Ethereum co-founder Mihai Alisie stated he is concerned that Facebook is

trying to sell its proposed cryptocurrency, Libra, to regulators as a

decentralized currency when in fact it should be seen as a centralized

currency controlled by a few companies.

■ Trading History YTD:

The price of ETH commenced the year relatively stable before

accelerating in May and then stabilizing to falling slightly in June and July,

while remaining well in positive territory on the year.

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 fell for most of the week last week, both in USD and BTC

terms.

Volumes for the week averaged 33.1 million coins per day, which is higher

than the previous week’s volumes of 31.0 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.

 

 

 

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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$0.41 (US$0.32) 

July 15, 1:30 pm

All figures in USD$, unless otherwise specified 

Page 3 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0006

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.

As a result of the above, the price of XRP has declined steadily in terms of

BTC since the beginning of 2019.

■ Current Environment:

Similar to other major cryptocurrencies, the price of XRP trended down

throughout most of the week last week both in terms of USD and BTC.

Volumes for the week were higher, averaging 4.53 billion coins per day

compared to the previous week’s volumes of 3.72  billion coins per day.

July 15, 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:

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$120 (US$92) 

July 15, 1:30 pm

All figures in USD$, unless otherwise specified 

Page 5 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0731

Current Mining Fee (USD):

LOG IN TO VIEW

July 15, 2019

■ LTC News:

Litecoin is now the official cryptocurrency of National Football League

team the Miami Dolphins, according to a press release on July 11th.

The Dolphins and Litecoin have also partnered with Aliant Payments,

a crypto merchant services and payment processing firm, to enable

crypto payments for the team’s upcoming 50/50 raffle.

■ Trading History YTD:

Having started 2019 as a relative outperformer in comparison to other

major cryptocurrencies, LTC lost some 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 slightly on the year.

■ Current Environment:

The price of LTC continued its negative trend last week, dropping both in

terms of USD and BTC.

Volumes last week averaged 37.1 million coins per day which was higher

than the previous week’s volume of 35.4 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.

 

 

 

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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$413 (US$317) 

July 15, 1:30 pm

All figures in USD$, unless otherwise specified 

Page 4 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.005

Current Mining Fee (USD):

LOG IN TO VIEW

July 15, 2019

■ 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 tended sideways since the beginning of April in

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

■ Current Environment:

The price of BCH trended similarly to the price of BTC last week,

starting the week stable to slightly positive before falling over the

balance of the week.

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

day compared to the previous week’s volumes of 4.3 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.

 

 

 

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■ DASH News:

MyDashWallet, developed and maintained by an independent developer

unrelated to Dash, announced a major vulnerability that allowed a hacker

to obtain private keys used between May 13th and July 12th, 2019.

Anyone who used the wallet between those dates is warned to assume

their private keys are known and move their funds immediately. Dash

Core Group is working with the developer to resolve the issues.

■ 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 in terms of USD.

However, given the larger price appreciation seen in BTC, the price of

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

■ Current Environment:

The price of Dash trended negatively last week in terms of USD and BTC.

Volumes were slightly lower week-over-week, averaging 2.2 million coins

per day compared to the previous week’s volumes of 2.3 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$161 (US$124) 

July 15, 1:30 pm

All figures in USD$, unless otherwise specified 

Page 6 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0142

Current Mining Fee (USD):

LOG IN TO VIEW

July 15, 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:

2016

Primary Use:

112 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$7.54  (US$5.79) 

July 15, 1:30 pm

All figures in USD$, unless otherwise specified 

Page 7 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0023

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

July 15, 2019

■ ETH Classic News:

No significant Ethereum Classic related news last week.

■ Trading History YTD:

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

ETC has benefited from broader momentum in the cryptocurrency space,

trading generally positively from April through the end of June, before

correcting again in July in terms of USD.

However, ETC has generally underperformed other major

cryptocurrencies with its price trending negatively throughout most of the

recent rally in terms of BTC.

■ Current Environment:

Similar to other major cryptocurrencies, the price of ETC trended

negatively last week in terms of USD and BTC.

Volumes were lower week-over-week, averaging 90.5 million coins per

day compared to the previous week’s volumes of 100.1 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.

 

 

 

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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

July 15, 2019

 

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