Bitvo.com
Bitcoin (BTC)
C$5,237 (US$3,905)
March 11, 12:40 pm
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Technical Trading Score*:
Date Of Inception:
2009
Primary Use:
CURRENCY
17mm
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):
~$0.170
Website:
https://bitcoin.org
March 11, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
• Fidelity Digital Assets brought its digital asset trading and custody solutions
services live with a select group of clients last week.
• Invesco is partnering with London-based Elwood Asset management, an
investment firm specializing in digital assets, to launch a blockchain
exchange-traded fund (ETF) today on the London Stock Exchange. The
product is called the “Invesco Elwood Global Blockchain UCITS ETF”.
• Online banking and trading group Swissquote announced it is launching a
crypto custody service later this month. The custody solution, which will be
available to retail and institutional customers, offers a proprietary solution for
managing cryptocurrency private keys.
• Facebook is expanding its blockchain-related staff with its career website now
listing 20 job openings as it also contemplates a token that will be used across
the company’s media platforms including Facebook, Instagram and
WhatsApp.
• According to research from tech conglomerate Cisco, college campuses are
the second-largest crypto miners across industry verticals. The researchers
investigated crypto mining activities across a variety of industries, finding that
university campuses are ranked the second-biggest miners of digital currency
at 22 percent, with the energy and utilities sector in first at around 34 percent.
â– BTC News:
• An unconfirmed report regarding Starbucks’ partnership with digital asset
platform Bakkt revealed that the company will allegedly accept BTC as payment.
Starbucks is a founding partner in Bakkt, but initially denied rumors that it would
accept BTC for payment. Now, an unnamed source has said that the chain will
accept BTC through Bakkt’s software, but it will instantly convert the crypto into
fiat, so that Starbucks will never actually hold any cryptocurrency.
• Jack Dorsey, the CEO of both Twitter and Square, hinted in a podcast interview
last week that he has been spending $10,000 per week on BTC.
â– Trading History YTD:
• So far 2019 has seen sharp price movements, both up and down, broken up by
periods of stability as the price of BTC tries to find direction. Almost two and a
half months into the year, the price of BTC is slightly higher than where it started
on January 1st.
â– Current Environment:
• Last week was a positive week for BTC as its price was stable to higher for most
of the week.
• Volumes were higher week-over-week, averaging 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:
104mm
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$180 (US$134)
March 11, 12:40 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.064
Current Mining Fee (USD):
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March 11, 2019
â– ETH News:
• Ethereum has the most developers working on its base protocol of all
cryptocurrencies, not counting community project developers, according to a
report by crypto asset management firm Electric Capital. According to the
report, the company fingerprinted over 20,000 code repositories and 16 million
commits to obtain data, which reveals that on average 216 developers
contribute code to ETH repositories every month versus Bitcoin’s 50
developers each month.
• Vitalik Buterin, the creator of the Ethereum blockchain project, has proposed
increasing user fees on the network for the purposes of supporting developers
with sustainable funding.
• Emaar, a large real estate company based in Dubai, has stated they will
launch a token on the Ethereum blockchain. The token will be used for referral
and loyalty programs offered by Emaar.
• Over 80 percent of the total circulating supply of ETH is held by 7,572
addresses, claims a report released by digital asset research company Delphi
Digital.
â– Trading History YTD:
• After a positive start to the year, ETH declined for most of January before
gaining positive momentum in February. Accounting for both movements up
and down, the price of ETH is slightly below where it started the year.
â– Current Environment:
• After a sharp upward price movement earlier in the week last week, the price
of ETH declined for the balance of the week but remained up on the week both
in terms of USD and BTC.
• Volumes where higher for the week, averaging 31.4 million coins per day. Last
week‘s volumes were 30.0 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.
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$0.42 (US$0.311)
March 11, 12:40 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0003
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– XRP News:
• The co-founder and CEO of Swiss Amun AG, a company that offers several
crypto exchange traded products (ETP) announced last week that they have
received approval from Switzerland’s primary stock exchange to list an ETP
that will track the price of XRP.
â– Trading History YTD:
• XRP has underperformed other major cryptocurrencies so far in 2019, with
its price trending down for most of the year to date.
â– Current Environment:
•
•
XRP was relatively stable last week, ending the week with its price slightly
above where it began.
Volumes for the week averaged 2.27 billion coins per day, which was in-
line with the previous week‘s volumes.
March 11, 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:
2011
Primary Use:
CURRENCY
60mm
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$74 (US$55.31)
March 11, 12:40 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.022
Current Mining Fee (USD):
LOG IN TO VIEW
March 11, 2019
â– LTC News:
• The price of LTC reached US$60 last week, a significant price point as
it marks a double since beginning the year around US$30. Over the
same time period, the price of most major cryptocurrencies is relatively
flat, ranging from slightly down to slightly up on the year.
• Also, since the beginning of the year, Litecoin has overtaken EOS to
become the fourth largest cryptocurrency in terms of market
capitalization.
â– Trading History YTD:
• LTC has been a relative outperformer in comparison to other major
cryptocurrencies so far in 2019 as it has traded positive for most of the
year.
â– Current Environment:
• Positive price performance continued in LTC last week with the
currency trading up for most of the week, following a positive price
spike on Monday.
• Volumes for the week averaged 35.1 million coins per day. This was a
significant jump from the previous week‘s volumes of 24.2 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.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2017
Primary Use:
CURRENCY
17mm
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$174 (US$129)
March 11, 12:40 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0034
Current Mining Fee (USD):
LOG IN TO VIEW
March 11, 2019
â– BCH News:
• No significant BCH related news last week.
â– Trading History YTD:
• The price of BCH has drifted sideways to negative during 2019,
without benefiting in the same magnitude from the offsetting February
positive price spikes that other cryptocurrencies experienced.
â– Current Environment:
•
•
Similar to other major cryptocurrencies, the price of BCH was
relatively stable last week, ending the week ahead of where it started
after both positive and negative movements throughout the week.
Volumes for the week remained the same as the previous week‘s 2.2
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.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
CURRENCY
8 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$112 (US$83)
March 11, 12:40 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.012
Current Mining Fee (USD):
LOG IN TO VIEW
March 11, 2019
â– DASH News:
• Dash Text, which enables consumers to easily spend Dash via SMS
texting, is now testing a Telegram integration with a WhatsApp integration
on the horizon.
• CrowdNode, a Dash Masternode sharing company will now allow
fractional Dash masternode holders to vote with the traditional “Yes, No,
Abstain”, but also with “Do Nothing” and “Delegate”. This development will
help shift treasury influence from large Dash holders to smaller Dash
holders that are unable to acquire the 1,000 Dash for a full Masternode.
CrowdNode currently operates 17 Masternodes, and thus, the delegate
option has the potential to give even more influence to other individuals on
the CrowdNode platform.
â– Trading History YTD:
• Dash has traded like other major cryptocurrencies in 2019, with the price
trending generally down in January followed by positive price performance
in February, resulting in the currency now trading up on the year.
â– Current Environment:
• The price of Dash was stable to positive last week, resulting in the coin
trading up on the week in USD term and particularly in terms of BTC,
which moved in the opposite direction at the end of the week.
• Volumes for the week 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:
2016
Primary Use:
107 mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$5.78 (US$4.31)
March 11, 12:40 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0013
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
March 11, 2019
â– ETH Classic News:
• No significant ETC related news last week.
â– Trading History YTD:
• ETC has experienced a generally negative start to the year with
more downward than positive price movement.
â– Current Environment:
•
•
The price of ETC was stable last week, ending the week slightly
above where it began.
Volumes averages 52.4 million coins per day. Like most of the
other major cryptocurrencies this volume was above the previous
week‘s when volumes averaged 44.5 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.
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March 11, 2019
