Bitvo.com
Bitcoin (BTC)
C$5,128 (US$3,885)
December 3, 3:15 pm
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Brett Thiessen
brett@bitvo.test
587.315.6608
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):
~$0.515
Website:
https://bitcoin.org
December 3, 2018
All figures in USD$, unless otherwise specified
LOG IN TO VIEW
â– General Cryptocurrency News:
• Nasdaq and ETF provider, Van Eck, announced that the two firms have formed
a partnership to jointly launch a set of “transparent, regulatedand surveilled
digital asset products.” The partnership was announced at theConsensus
conference in New York this past week.
•
•
Also speaking at the Consensus conference, NYSE chairman Jeffrey Sprecher,
expressed optimism about the future of cryptocurrencies stating that they are
here to stay, despite the current bear market and that his firm was “kind of
agnostic to price”. The conversation continued with Bakkt’s CEO, Kelly Loeffler,
stating that “the Bakkt futures contract will help Bitcoin traders establish a
trusted price. Bitcoin now trades at different prices on different exchanges,
many of which are unregulated.”
Amazon announced two new blockchain related products this week called
Amazon Quantum Ledger Database (QLDB) and Amazon Managed
Blockchain. QLDB is designed to be a ledger database which can provide an
immutable log of various types of transactions overseen by a central authority.
â– BTC News:
• Following the sharp price decline experienced at the end of November, Google
keyword searches for BTC have reached eight-month highs as mainstream
interest in BTC has started to increase once again.
• The Canadian jewellery retailer, Birks Group, announced on November 28 that
it would begin accepting BTC for retail transactions. BTC transactions will be
processed by U.S. payment processor, Bitpay, and will be initially rolled out
across eight of the companies 30 Canadian stores.
• On the other side of the border, certain U.S. states have begun accepting BTC
for payment of taxes. Ohio is said to be the first state to accept BTC for tax bills
with Arizona, Georgia and Illinois rumored to also be considering.
• Proponents of a BTC exchange-traded-fund (ETF), VanEck, SolidX and Cboe
BZX, again met with the U.S. Securities and Exchange Commission (SEC) last
week to push their argument that the BTC market is mature enough to support
its first BTC ETF.
• Meanwhile, NASDAQ is said to have BTC futures listed as early as Q1 2019.
â– Trading History YTD:
• BTC reached all-time highs at the end of 2017 and has since declined for most
of 2018.
â– Current Environment:
• BTC stabilized this past week as it has made higher lows since November 26.
• Volumes remained elevated this past week as the average coins traded per day
was 1.5 million.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2012
Primary Use:
CURRENCY
99.99 Billion
Coin Profile
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/
Ripple (XRP)
C$0.46 (US$0.35)
December 3, 3:15 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Brett Thiessen
brett@bitvo.test
587.315.6608
~$0.0007
Current Mining Fee (USD):
LOG IN TO VIEW
100 Billion
â– Ripple News:
• No significant XRP-related news this week.
â– Trading History YTD:
• XRP sustained a parabolic rise like the rest of the space at the end of 2017 and
has since fallen back to pre-December levels. Along the way, sharp rallies have
occurred only to sell back to trend.
â– Current Environment:
• XRP traded flat during the week as it remained rangebound between US
$0.33-0.40.
• Volumes fell lower last week after moving higher most of October and
November. Coins traded per day averaged 1.45 billion.
December 3, 2018
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2014
Primary Use:
SMART CONTRACTS
Coins Outstanding:
100mm
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$143 (US$108)
December 3, 3:15 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Brett Thiessen
brett@bitvo.test
587.315.6608
~$0.111
Current Mining Fee (USD):
LOG IN TO VIEW
December 3, 2018
â– ETH News:
• Since being revealed in the minutes of the Devcon 4 tech conference,
“Ethereum 1x” has gained traction with developers who are focusing research
and development on the upgrade which is intended to accelerate usability of the
Ethereum blockchain.
• Philippine residents will now be able earn ETH for cleaning up pollution on
Manila’s beaches. The new decentralized application (dApp) based on the
Ethereum network was announced at Consensus and marks one of the first real
world applications of cryptocurrencies in promoting environmental causes.
• In a new interview with Quartz, ETH programmer Vitalik Buterin, stated that the
misapplication of blockchain technology in some industries leads to “wasted
time”. He went further on to explain that while a number of market participants
are trying to establish higher standards using blockchain technology, such
efforts may not viable as the technology may not be applicable in every industry.
â– Trading History YTD:
• Despite rallying aggressively in April 2018, ETH has continued to fall during the
remainder of 2018. Small plateaus have consistently broken lower on high
volume.
â– Current Environment:
• ETH managed a small rally over the past week; however, it has remained
rangebound US$100-120.
• Volumes accelerated last week as coins traded per day averaged 19 million.
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$210 (US$159)
December 3, 3:15 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Brett Thiessen
brett@bitvo.test
587.315.6608
~$0.0004
Current Mining Fee (USD):
LOG IN TO VIEW
December 3, 2018
â– BCH News:
• Digital Currency Group CEO, Barry Silbert, stated that he has seen the BCH
fork as a severe distraction for investors and that he believes it did a disservice
to the overall industry.
• Further out from the fork, BCH ABC continues to be the dominant chain as
various exchanges have decided to list only the incumbent. Some exchanges
have opted to list both versions of BCH, but none have switched over to offering
only BCH SV.
â– Trading History YTD:
• After rallying throughout May, BCH has ground slowly downward alongside the
general cryptocurrency markets for the balance of 2018.
â– Current Environment:
• BCH traded flat during the week as it remained rangebound between US
$150-190.
• Volumes broke lower after outpacing the market post-fork. Coins traded per day
averaged 0.6 million.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2011
Primary Use:
CURRENCY
55mm
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$41 (US$31)
December 3, 3:15 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Brett Thiessen
brett@bitvo.test
587.315.6608
~$0.022
Current Mining Fee (USD):
LOG IN TO VIEW
December 3, 2018
â– LTC News:
• No significant LTC-related news this week.
â– Trading History YTD:
• Since December 2017 which saw LTC rally more than 400%, the price of LTC
has steadily declined throughout 2018. Some counterrallies have been seen
since then, but nothing that has broken the descending triangle formation.
• Volumes have started to rise in LTC after stabilizing at 4 million coins traded
per day.
â– Current Environment:
• LTC traded flat during the week as it remained rangebound between US$28-34.
• Volumes remained elevated this past week as coins traded per day averaged
14.1 million.
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$111 (US$84)
December 3, 3:15 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Brett Thiessen
brett@bitvo.test
587.315.6608
~$0.0363
Current Mining Fee (USD):
LOG IN TO VIEW
December 3, 2018
â– DASH News:
• In a bid to solve various work disruptions on the DASH blockchain, the core
developer group announced the future implementation of a new program called
ChainLocks. The proposal will leverage a new verification system using long-
living masternode quorums (LLMQs) to sign blocks as they are seen in the
network.
• DASH continues to expand services for more merchants as it announced a new
partnership with the global merchant payments processor ePaymints “to
accelerate adoption of Dash cryptocurrency in high chargeback and cash-
based industries.”
â– Trading History YTD:
• The price of DASH has trended negatively over the past year despite various
counterrallies and a recent rise in volume due to increased adoption.
• Market participants have attributed this year’s decline to sentiment in the
overall crypto markets as well as the coin more than quadrupling in price during
late 2017.
â– Current Environment:
• DASH traded flat during the week as it remained rangebound between US
$84-102.
• Volumes rose as coins traded per day averaged 1.5 million per day.
Bitvo.com
Technical Trading Score*:
Date Of Inception:
2016
Primary Use:
105 mm
Coins Outstanding:
Maximum Coins:
POW or POS:
WORK
Website:
https://ethereumclassic.org/
Ethereum Classic (ETC)
C$6.11 (US$4.63)
December 3, 3:15 pm
All figures in USD$, unless otherwise specified
Page 7 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
Brett Thiessen
brett@bitvo.test
587.315.6608
~$0.0015
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
December 3, 2018
â– ETH Classic News:
• No significant ETC-related news this week.
â– Trading History YTD:
• ETC has exhibited a similar descending triangle pattern after rising more than
400% in late 2017. Small rallies in early May and August have been sold as the
coin has now arrived at levels last seen before the large 2017 rise.
â– Current Environment:
• ETC traded flat during the week as it remained rangebound between US
$4.10-5.10.
• Average volumes reached a new short-term high of 41 million coins traded per
day.
Bitvo.com
DISCLAIMER
The information contained in this report has been compiled by Bitvo (Bahamas) 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
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Page 8 of 8
December 3, 2018
