Bitvo.com
Bitcoin (BTC)
C$5,011 (US$3,761)
March 04, 12:15 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):
~$0.170
Website:
https://bitcoin.org
March 04, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
•
•
•
Cryptocurrency trading volumes increased in February to the highest levels
seen since the first quarter of 2018. Bitcoin 30-day volumes surpassed US$200
billion while ether 30-day volumes exceeded US$100 billion.
Nasdaq began its live listing of two crypto price indexes from United States
blockchain and crypto market data company Brave New Coin (BNC) last week.
The listings are BNC’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index
(ELX). According to the announcement, the indexes will show reference rates
for the price of 1 BTC and 1 ETH, quoted in USD and refreshed every 30
seconds. Brave New Coin has also announced future plans to add another
index for tracking the price of XRP.
The New York Times reported that Facebook is exploring the idea of creating
its own coin for payments that will be integrated with its messaging services,
according to anonymous sources.
• The U.S. Federal Reserve is considering adding cryptocurrency price
performance into its analysis of risks used to conduct supervisory stress tests,
the Fed’s board announced Thursday.
â– BTC News:
• Bitcoin’s “lightning torch”, an ongoing experiment meant to test and showcase
the next-generation payments technology now in beta, has officially made it to a
user in Iran.
• The lightning torch finds BTC users testing out the network by passing around a
small payment, each adding roughly 30 cents-worth of BTC before passing it on.
As such, the payment to Ziya Sadr on Sunday marks the latest milestone in a
six week-long effort that has seen participation from Twitter CEO Jack Dorsey
and LinkedIn co-founder Reid Hoffman, among other technology figures.
• Ebang revealed plans to expand its bitcoin mining operations in 2019, producing
400,000 mining chips this year, up from 310,000 machines in 2018 and 160,000
in 2017.
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. Two full months into
the year, the price of BTC is slightly higher than where it started on January 1
st
.
â– Current Environment:
• The price of BTC was stable for most of last week before dropping over the
weekend.
• Volumes for the week were comparable to the previous week, averaging 2.1
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.
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$168 (US$126)
March 04, 12:15 pm
All figures in USD$, 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 04, 2019
â– ETH News:
• Ethereum’s most recent network upgrades, known as Constantinople and St.
Petersburg, were successfully activated on the main network last week at
block 7,280,000. The two updates were combined into one event, following the
delay of the Constantinople upgrade in January over a newly discovered
security vulnerability.
• While Constantinople adds the so-called “difficulty bomb” and the decrease of
Ethereum’s block reward, St. Petersburg is meant to delete a previous update,
Ethereum Improvement Proposal 1283, from Ethereum’s test networks, as the
EIP has been identified to have security vulnerabilities.
• A downtown Miami WeWork-occupied tower valued at US$65.5 million will be
tokenized on the Ethereum blockchain. Inveniam Capital Partners (ICP) will
sell the tokenized shares and also plans to tokenize ~US$260 million in atotal
of four private real estate and debt transactions.
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:
• ETH traded down for most of the week, experiencing larger drops on February
27th, one day before the fork, as well as over the weekendalongside the
broader cryptocurrency markets.
• Volumes where weaker for the week, averaging 30.0 million coins per day.
The prior week‘s volumes were 33.1 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.
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$0.31)
March 04, 12:15 pm
All figures in USD$, 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:
• An ongoing securities lawsuit against payment startup Ripple will stay in
federal court, per a recent ruling. The ruling reads that United States District
Judge Phyllis J. Hamilton, of the Northern District of California, has ordered
that the class action suit against Ripple Labs, its subsidiary XRP II, and Ripple
CEO Brad Garlinghouse, for the sale of unregistered securities must stay in
federal court.
• Lawyers representing Ripple in the lawsuit filed an application to move the
case to federal level in November of last year. That would purportedly allow
Ripple to prove definitively that its XRP token is not a security under U.S. law,
should it win.
• Industry participants continue to evaluate XRP versus J.P. Morgan’s proposed
stable coin. Arguments that JMP Coin will not directly compete with XRP
include that J.P. Morgan’s token is intended to be used in a closed system
compared to XRP’s global use.
â– Trading History YTD:
• The price of XRP has trended generally downward so far in 2019. The
currency began the year with a market capitalization of over US$14 billion,
which has now fallen to approximately US$12.5 billion.
â– Current Environment:
• Negative price momentum continued for XRP last week. After a positive
spike last Monday on the announcement that XRP would be added to
Coinbase, XRP declined for the balance of the week, wiping out all gains it
experienced following the announcement.
• Volumes for the week averaged 2.38 billion coins per day, which was inl
line with last week‘s volumes.
March 04, 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$62 (US$46)
March 04, 12:15 pm
All figures in USD$, 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 04, 2019
â– LTC News:
• The Litecoin Foundation is partnering with premier kickboxing league
Glory to become the official cryptocurrency for its online merchandise
platform and international events.
• Glory, which has signed top kickboxing heavyweights including “Dutch
Lumberjack” Peter Aerts and Remy Bonjasky, aka “The Flying
Gentleman”, will integrate LTC into its online merchandise store,
gloryshop.com.
• The league will also allow fans in the United States and Europe to use
the cryptocurrency to purchase various Litecoin-exclusive, event-
related privileges. These include “athlete meet-and-greets, backstage
arena tours and premium in-arena seating”.
â– Trading History YTD:
• LTC has been a relative outperformer in comparison to other major
cryptocurrencies so far in 2019 as it has traded positively for most of
the year.
â– Current Environment:
• LTC traded sideways for the most part last week. With slight
movements up and down offsetting each other, the price of LTC was
down slightly on the week, off approximately $0.30.
• Volumes for the week averaged 24.2 million coins per day. This was off
from the previous week‘s volumes of 28.8 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:
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$166 (US$125)
March 04, 12:15 pm
All figures in USD$, 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 04, 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 BTC, the price of BCH was stable for most of the week last
week before dropping over the weekend.
Volumes for the week averaged 2.2 million coins per day. This was a
decrease from the previous week‘s volumes of 3.3 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
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$107 (US$80) March
04, 12:15 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.012
Current Mining Fee (USD):
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March 04, 2019
â– DASH News:
• Dash Core Group has launched a new Dash website that features a
refreshed look and Dash’s new branding. The website is also intended to
be a new dynamic stream of information, as opposed to more static with
only periodic updates. User flow is emphasized to clearly funnel visitors to
their respective categories whether it is individuals, businesses,
developers, and/or communities. Finally, the website also features Dash’s
new roadmap, which details Dash’s developments and future milestones,
including Evolution.
• Dash continues to gain acceptance as payment globally, particularly in
emerging nations. Church’s Chicken, the global top-four chicken
restaurant chain, has been accepting Dash at 10 of their 13 Venezuelan
locations and is now offering a promotion of a free side of fries with any
purchase of a combo meal if the customer pays with Dash.
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 lost some momentum last week, trading off almost $4,
down from $83 and falling below $80 over the weekend.
• Volumes for the week averaged 2.1 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.
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$5.58 (US$4.319)
March 04, 12:15 pm
All figures in USD$, 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 04, 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:
•
•
Following the broader cryptocurrency market, ETC experienced a
volatile week last week.
Volumes averaged 44.5 million coins per day. This was up down
from the previousweek when volumes averaged 59.4 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.
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
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March 04, 2019
