Bitvo.com
Bitcoin (BTC)
C$4,589 (US$3,463)
January 28, 2:00 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):
~$0.178
Website:
https://bitcoin.org
January 28, 2019
All figures in USD$, unless otherwise specified
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â– General Cryptocurrency News:
• Samsung Galaxy S10 leaked images reveal that the device will incorporate
crypto features such as a crypto wallet app. The Galaxy S10 is formally
scheduled to be revealed on February 20, 2019.
• Pennsylvania and New Hampshire join Ohio as crypto-friendly states with both
announcing initiatives to make cryptocurrency transactions easier last week.
Specifically, Pennsylvania’s Department of Banking and Securities (DoBS)
issued a clarification that cryptocurrency exchanges and services are exempt
from money transmitter licenses and New Hampshire introduced a bill to allow
tax payments in cryptocurrencies.
• According to Business Insider, Galaxy Digital is preparing to raise US$250
million to fund a cryptocurrency loan business. Amidst this current bear market,
Galaxy sees an opportunity to lend money to companies in the cryptocurrency
space.
â– BTC News:
• The CBOE BZX Exchange has withdrawn a proposed rule change that, if
approved, would clear the way for a BTC exchange-traded fund (ETF) backed by
VanEck and SolidX.
• The proposal has been “temporarily withdrawn,” according to VanEck’s director
of digital asset strategy, Gabor Gurbacs. “We are actively working with regulators
and major market participants to build appropriate market structure frameworks
for a Bitcoin ETF and digital assets in general” he added.
• While the notice itself did not provide a reason for the withdrawal, some
securities lawyers speculated that the ongoing government shutdown would
result in the ETF being denied, as no staffers at the SEC are able to review the
proposed rule change.
• Meanwhile, everyday adoption of BTC increases with a growing number of food
delivery services across Europe now accepting the cryptocurrency as payment.
Is Uber Eats next?
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:
• BTC traded sideways for most of last week before dropping sharply over the
weekend and continuing to fall today.
• BTC is currently trading around its low on the year at US$3,463 at time of print.
• Volumes for the week averaged 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$0.39 (US$0.29)
January 28, 2:00 pm
All figures in USD$, unless otherwise specified
Page 3 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0003
Current Mining Fee (USD):
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100 Billion
â– XRP News:
• XRP now sits comfortably as the second most valuable cryptocurrency in terms
of market capitalization at almost US$12 billion, ahead of ETH at US$11 billion
and behind only BTC at US$60.5 billion.
• According to its latest quarterly report, Ripple Labs Inc. sold US$535 million
worth of XRP in 2018, representing an increase of almost 200% from US$181
million in 2017.
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
throughout the balance of January.
â– Current Environment:
• Similar to BTC, XRP traded sideways for most of last week before dropping
sharply over the weekend and continuing to fall today.
• Volumes for the week averaged 1.17 billion coins per day.
January 28, 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$139 (US$105)
January 28, 2:00 pm
All figures in USD$, unless otherwise specified
Page 2 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.069
Current Mining Fee (USD):
LOG IN TO VIEW
January 28, 2019
â– ETH News:
• ETH has fallen firmly back to third place in terms of most valuable
cryptocurrency by market capitalization.
• Following the further postponement of its Constantinople hard fork, Ether
experienced a greater price decline in relation to other major
cryptocurrencies, including XRP, which has taken over second place behind
BTC in terms of market capitalization.
â– Trading History YTD:
• After a positive start to the year, ETH has declined over the past three
weeks, both in USD terms as well as in relation to BTC and other major
cryptocurrencies.
â– Current Environment:
• ETH followed a similar trading patter to other major cryptocurrencies last
week, trading sideways for most of the week before experiencing a larger
drop over the weekend.
• However, unlike other major cryptocurrencies, the price of ETH has
recovered some of its losses today, trading at US$105 at time of print.
• Volumes for the week averaged 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$146 (US$110)
January 28, 2:00 pm
All figures in USD$, unless otherwise specified
Page 4 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0047
Current Mining Fee (USD):
LOG IN TO VIEW
January 28, 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 throughout the remainder of
January.
â– Current Environment:
• BCH experienced a rally both in USD and BTC terms to start the week last
week before ending down following a sharp decline over the weekend.
• BCH touched as high as almost US$134 before declining to US$108 earlier
this morning.
• After a slight rebound today, BCH is trading at US$110 at time of print.
• Volumes for the week averaged 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$41 (US$31)
January 28, 2:00 pm
All figures in USD$, unless otherwise specified
Page 5 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.019
Current Mining Fee (USD):
LOG IN TO VIEW
January 28, 2019
â– LTC News:
• In a year where all major cryptocurrencies are underwater to start the year,
LTC remains one of the only cryptocurrencies that is currently trading
above where it started 2019.
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$32.59 last night.
â– Current Environment:
• After rallying for most of last week to a high of almost US$34, LTC declined
alongside all major cryptocurrencies and is trading at US$31 at time of
print.
• Volumes for the week averaged 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$89 (US$67)
January 28, 2:00 pm
All figures in USD$, unless otherwise specified
Page 6 of 8
Shane Thomson, CFA
shane@bitvo.test
403.407.0046
~$0.0106
Current Mining Fee (USD):
LOG IN TO VIEW
January 28, 2019
â– DASH News:
• Dash Core Group released its long-awaited version 0.13 last week, which
makes InstantSend and PrivateSend transactions faster and cheaper, makes
masternode management easier, and introduces the building blocks for
Evolution.
• The series of upgrades that will be Evolution is intended to make Dash as
easy to use as current payment methods, such as usernames rather than
cryptographic addresses.
• Additionally, the Dash DAO Treasury has funded numerous community
outreach groups to get more merchants to accept Dash so it is easy for
consumers to spend Dash. These decentralized strategies are increasing the
user numbers of Dash, which take it further down the path of mass adoption.
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, stabilizing in the third and then dropping again last
weekend.
â– Current Environment:
• The price of Dash rose for most of the week last week before a sharp decline
over the weekend. It has stabilized today, trading at US$67 at time of print.
• Volumes for the week averaged 1.5 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$5.15 (US$3.89)
January 28, 2:00 pm
All figures in USD$, 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.
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NO MAX
SMART CONTRACTS
January 28, 2019
â– ETH Classic News:
• No significant ETC related news last week.
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 was relatively stable last week before falling alongside
other major cryptocurrencies over the weekend. ETC has rebounded
slightly today, trading at US$3.89 at time of print.
• Volumes for the week averaged 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
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January 28, 2019
