Bitvo.com
Bitcoin (BTC)
C$7,067 (US$5,258)
April 29, 1:15 pm
Shane Thomson, CFA
shane@bitvo.test
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:
21 mm
POW or POS:
WORK
Current Mining Fee (USD):
~$0.658
Website:
https://bitcoin.org
April 29, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
• Financial authorities from 24 different countries and 11 international
organizations, including the International Monetary Fund and the World Bank,
gathered in New York last week to discuss global standards of crypto
regulation. Their discussions will form part of a progress report on
“vulnerabilities in the global financial system” that will be delivered during the
upcoming G20 meetings in Japan.
• A Bloomberg report released last week disclosed that more than 20 of the
crypto market’s biggest traders gathered in January for talks on making
digital assets and tokens part of the global financial architecture. The report
discussed plans for a clearinghouse for crypto derivatives that would reduce
trading costs while increasing trading volumes. Reportedly known as the
Liquidity Offset Network, it could be live and regulated by the Singapore
Monetary Authority as early as July 2019.
• The Tokyo District Court has approved the Mt. Gox trustee request for an
extension of the April 26
th
deadline to submit a civil rehabilitation plan. The
deadline has been pushed back to October 28
th
, 2019.
â– BTC News:
• Bitcoin dominated demand for crypto-back loans provided by cryptocurrency
lender Genesis in the first quarter of 2019. Genesis reported last week that
they processed US$425 million in loans in the first quarter of 2019, of which
Bitcoin comprised 68% of its loan portfolio.
• Startup company Moon announced that their web browser extension will
allow anyone with a lightning network enabled Bitcoin wallet to spend their
BTC at any online retailer. It was not revealed how the company is converting
BTC and paying fiat to the online retailers.
â– Trading History YTD:
• After declining for the first month of the year, the price of BTC has
experienced a general upward trajectory throughout 2019.
â– Current Environment:
• But for a one-day drop mid-week last week, the price of BTC was generally
stable for the balance of the week.
• Volumes were slightly higher week-over-week, averaging 2.8 million coins
per day. The previous week‘s volumes averaged 2.5 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.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
106mm
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$210 (US$156)
April 29, 1:15 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.073
Current Mining Fee (USD):
LOG IN TO VIEW
April 29, 2019
â– ETH News:
• According to CoinDesk Korea, Samsung is looking into issuing its own
cryptocurrency that will be based on the Ethereum blockchain. A Samsung
coin would presumably allow customers of Samsung to make in app
purchases and possibly earn coins based on some metric.
• Societe Generale SFH, a subsidiary of one of Europe’s largest financial
services groups, Societe Generale Group, issued a 100 million euro (US
$112 million) bond as a security token on the Ethereum blockchain last
week. The transaction’s goal was to investigate a more efficient way for bond
issuance, which would potentially facilitate better transparency, and faster
transferability and settlement. The company stated in the announcement that
the product “proposes a new standard for issuances and secondary market
bond trading and reduces cost and the number of intermediaries.”
â– Trading History YTD:
• After a positive start to the year, ETH declined for most of January before
being able to hold on to positive momentum for most of February, March and
April.
• However, with the recent positive performance of BTC, ETH has
underperformed BTC, with the price of ETH in BTC terms trending down
over the course of the past month.
â– Current Environment:
• Similar to cryptocurrency markets broadly last week, the price of ETH
trended stable to negative throughout the week.
• Volumes for the week averaged 40.7 million coins per day, this is up from 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.
•
•
The CEO of SBI Holdings, Yoshitaka Kitao, has been appointed as a
Director of Ripple Labs Inc. Over the last while SBI has partnered with
Ripple Labs on several endeavors to use XRP and other services of Ripple
to reduce the cost and time of sending fiat.
Ripple increased its sale of XRP last quarter. In Q1 of 2019 they sold
US$169.42 million worth of XRP versus Q4 of 2018 when they sold US
$129.03 million worth of XRP.
â– Trading History YTD:
• XRP has underperformed other major cryptocurrencies so far in 2019, with
its price trending down or flat for most of the year to date.
• While the price of XRP has been more volatile in USD terms, it has
declined steadily in terms of BTC since the beginning of 2019.
â– Current Environment:
•
•
After a sharp drop early in the week last week, the price of XRP stabilized
Wednesday onwards.
Volumes for the week were higher, averaging 3.60 billion coins per day
compared to the previous week‘s volumes of 3.00 billion coins per day.
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$0.40 (US$0.29
)
April 29, 1:15 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0005
Current Mining Fee (USD):
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100 Billion
â– XRP News:
April 29, 2019
In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.
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$325 (US$242)
April 29, 1:15 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0029
Current Mining Fee (USD):
LOG IN TO VIEW
April 29, 2019
â– BCH News:
• Despite a pull back in price last week, Bitcoin Cash continues to
maintain its fourth-place position among global cryptocurrencies in
terms of total market capitalization.
• Bitcoin Cash currently has a market capitalization of US$4.3 billion,
behind Bitcoin, Ether and XRP and remaining ahead of EOS and
Litecoin.
â– Trading History YTD:
•
•
After drifting sideways to negative for the first two months of 2019, the
price of BCH stabilized and then traded positively in March and the
first half of April.
However, BCH has lost some ground recently, trading negatively
following hitting a recent high of US$320.69 on April 3rd, 2019.
â– Current Environment:
• The price of BCH continued to trend negatively last week, losing
ground throughout most of the week following a brief pop in price last
Monday.
• Volumes were slightly lower week-over-week, averaging 4.5 million
coins per day compared to the previous week’s volumes of 4.8 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.
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$91 (US$68)
April 29, 1:15 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0445
Current Mining Fee (USD):
LOG IN TO VIEW
April 29, 2019
â– LTC News:
• After a strong start to 2019 that saw Litecoin outperform other major
cryptocurrencies, Litecoin has lost some steam lately, resulting in its
market capitalization falling below Bitcoin Cash and EOS.
• Recently fourth in terms of market capitalization, Litecoin now
currently sits at sixth at US$4.2 billion behind Bitcoin, Ether, XRP,
Bitcoin Cash and EOS.
â– Trading History YTD:
• LTC started 2019 as a relative outperformer in comparison to other
major cryptocurrencies as it traded positively for most of the first
quarter of the year.
• However, since losing some steam in April, the price of LTC has
trended negatively both in USD and BTC terms.
â– Current Environment:
• Negative price momentum continued in LTC last week as it trended
negatively for most of the week.
• Volumes were higher week-over-week, averaging 37.4 million coins
per day compared to the previous week’s volumes of 31.3 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.
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$146 (US$109)
April 29, 1:15 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0104
Current Mining Fee (USD):
LOG IN TO VIEW
April 29, 2019
â– DASH News:
• Dash Text, the platform that enables consumers to send Dash via SMS
messaging, has now integrated with the Telegram app in Venezuela and
Colombia to further expand its market reach.
• Around 60% of Venezuelans and 59% of Colombians do not own
smartphones, which makes SMS integration integral to mass adoption in
these countries. The Telegram integration brings the simplicity of Dash
Text to other users that already have smartphones to make adoption even
more seamless and thus more likely.
â– Trading History YTD:
• Since trading down during the first month of 2019, the price of Dash has
experienced generally positive price momentum between February and
April before starting to trend negatively again in April alongside the broader
cryptocurrency markets.
â– Current Environment:
• The price of Dash continued its downward slide in the first half of the week
last week before stabilizing at lower levels in the second half of the week.
• Volumes for the week were higher than the previous week‘s averaging 2.8
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.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2016
Primary Use:
1
10
mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$7.58 (US$5.64)
April 29, 1:15 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0021
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
April 29, 2019
â– ETH Classic News:
• No significant ETC related news last week.
â– Trading History YTD:
• The price of ETC is still looking for direction in 2019 as it is currently
trading approximately where it began the year after both positive and
negative movements in terms of USD.
• In terms of BTC, the price of ETC is down on the year as the currency
has underperformed other major cryptocurrencies.
â– Current Environment:
• The price of ETC continued to trade sideways to slightly negative last
week, alongside other major cryptocurrencies.
• Volumes were higher week-over-week, averaging 72.2 million coins
per day compared to the previous week’s volumes of 62.5 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.
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
April 29, 2019
