Bitvo.com
Bitcoin (BTC)
C$4,548 (US$3,466)
February 04, 12:45 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):
~$0.170
Website:
https://bitcoin.org
February 04, 2019
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
• According to a Bloomberg article, Fidelity subsidiary Digital Asset Services is
expecting to launch its cryptocurrency custody service this March. The article
stated that the company has begun to onboard a select set of “eligible clients”.
An offering like Fidelity’s regulated, secure and trusted cryptocurrency custody
could catalyze a wave of interest from traditional investors, adding significant
demand to the space.
• B2C2 OTC Ltd. has been granted approval from the UK’s Financial Conduct
Authority to provide cryptocurrency products that settle CFD (contract for
differences) for institutions, allowing companies to have crypto exposure
without having to take on a custodian role for their positions.
• Wikimedia Foundation, the company that operates Wikipedia, has partnered
with Bitpay for the purpose of allowing it to accept cryptocurrency donations.
â– BTC News:
• VanEck, CBOE, and SolidX Partners refiled their collaborative Bitcoin ETF
application to the U.S. Securities and Exchange Commission (SEC), which
reopened following a near-five-week government shutdown.
• It is thought that the previous week’s withdrawal of the application was the
result of uncertainty with respect to the U.S. government shutdown. From this
point, the SEC purportedly has 240 days to make a final decision on the BTC-
centric product.
• Twitter Co-founder and CEO, Jack Dorsey, reiterated his support for BTC,
stating that he believes it will be the internet’s native currency. Dorsey is also
the founder and CEO of mobile payments company Square, which permits its
users to trade in BTC. When asked if there are any plans to add other
cryptocurrencies to the app, Dorsey answered that there are not.
â– Trading History YTD:
• After spiking to a near-term high at the end of the first week of January, the
price of BTC has trended negatively so far in 2019.
â– Current Environment:
• The price of BTC stabilized last week, grinding sideways for most of the week
around the US$3,500 mark.
• Volumes for the week averaged 1.6 million coins per day. This was up from
the prior week‘s average of 1.5 million 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$0.30)
February 04, 12:45 pm
All figures in USD$, 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:
• Greater adoption of XRP was accelerated last week with the announcement
that CoinGate, a cryptocurrency payment processing company, enabled the
native XRP payment method for merchants. CoinGate is utilized by over 4,500
online merchants.
â– Trading History YTD:
• After rising in price, the first week of the year, the price of XRP fell somewhat
sharply in the second week of the year with the negative trend continuing year
to date.
â– Current Environment:
•
•
XRP gained on the week following a sharp increase in price on Wednesday/
Thursday before falling again Friday and stabilizing over the weekend.
Volumes for the week averaged 1.87 billion coins per day. This was up from
the prior week‘s average of 1.29 billion coins per day.
February 04, 2019
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$142 (US$108)
February 04, 12:45 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.064
Current Mining Fee (USD):
LOG IN TO VIEW
February 04, 2019
â– ETH News:
• The Ethereum platform continues to announce development delays as core
developers have delayed the decision to implement Application-Specific
Integrated Circuit (ASIC)-resistant proof-of-work (PoW) algorithm ProgPoW.
• According to an Ethereum core developer meeting on February 1
st
, the team
wants to wait until the algorithm is audited by a third party.
â– Trading History YTD:
• After a positive start to the year, ETH has declined over the past month,
both in USD terms as well as in relation to BTC and other major
cryptocurrencies.
â– Current Environment:
• The price of ETH stabilized last week, grinding sideways while it looks for a
catalyst to move it in either direction.
• Volumes for the week averaged 25.8 million coins per day. This was up
from the prior week‘s average of 21.9 million coins per day.
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$156 (US$119)
February 04, 12:45 pm
All figures in USD$, 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
February 04, 2019
â– BCH News:
• No significant BCH related news last week.
â– Trading History YTD:
• After a relatively stable start to the year, BCH saw a sharp decline in price in
week two followed by a mostly downward trend year to date.
â– Current Environment:
• The price of BCH trended upward last week, outperforming other major
cryptocurrencies, which continued the downward trend experienced
throughout most of 2019 so far. BCH appreciated last week both in USD and
BTC terms, trading at US$119 at time of print, up from US$113 when the
week began.
• Volumes for the week averaged 2.3 million coins per day. This was up from
the prior week‘s average of 1.8 million coins per day.
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$45 (US$34)
February 04, 12:45 pm
All figures in USD$, 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
February 04, 2019
â– LTC News:
• Litecoin creator Charlie Lee announced on Twitter his plans to implement
confidential transactions on the Litecoin blockchain to increase transaction
privacy.
â– Trading History YTD:
• LTC has been relatively less volatile than other major cryptocurrencies and
remains one of the only cryptocurrencies up on the year, opening at
US$30.46 on New Year’s Day and closing at US$33.44 last night.
â– Current Environment:
• Litecoin continued to outperform other major cryptocurrencies last week,
trending upward in price for most of the week. Litecoin’s positive price
performance can be seen in USD, but is more pronounced in terms of BTC
given BTC’s relative decline, more consistent with other major
cryptocurrencies currently.
• Volumes for the week averaged 23.6 million coins per day. This was up
from the prior week‘s average of 19.3 million coins per day.
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$88 (US$67)
February 04, 12:45 pm
All figures in USD$, 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
February 04, 2019
â– DASH News:
• Dash recently unveiled its timeline for the phases of the version 0.13
upgrade. So far, nearly 60% of nodes have upgraded, with a requirement of
80% to advance the consensus.
• The upgrade will bring some key features that will make Dash even more
viable for fast and inexpensive everyday transactions and highlights the
usefulness of Sporks in maintaining consensus.
â– Trading History YTD:
• Dash has traded similar to other major cryptocurrencies in 2019, with the
price trending up during the first week of January before dropping sharply in
the second week and continuing to trend negatively year to date.
â– Current Environment:
• The price of Dash stabilized last week, ending the week approximately where
it started with slight fluctuation up and down throughout the week.
• Volumes were steady for the week averaging 1.6 million coins per day.
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$5.16 (US$3.93)
February 04, 12:45 pm
All figures in USD$, 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
February 04, 2019
â– ETH Classic News:
• Ethereum Classic added to its team last week. Bob Summerwill, a
developer at blockchain tech company ConsenSys, joined the Ethereum
Classic Cooperative as its executive director, according to an official
announcement on January 29.
• Per the announcement, Summerwill will develop relationships that help
the mission of the organization and grow ETC’s development and
community. Summerwill will also support ongoing ETC initiatives such as
peaceBridge, a bridge that transfers ETH and ETC between two
networks, and Kotti, an upcoming proof-of-authority testnet.
• The Ethereum Classic Cooperative manages the development and
growth of the Ethereum Classic cryptocurrency’s protocol.
â– Trading History YTD:
• Alongside the rest of the cryptocurrency market, ETC has experienced a
generally negative start to the year.
â– Current Environment:
• The price of ETC stabilized last week, similar to other major
cryptocurrencies, ending the week approximately where it began.
• Volumes for the week averaged 41.9 million coins per day. This was up
substantially from the previous week‘s average of 29.9 million coins per
day.
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 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
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consequential loss arising from any use of this report or the information contained herein. No matter contained in this document may
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January 28, 2019
