Bitcoin (BTC) C$4,943 (US$3,745) General Cryptocurrency News: According to Aon Risk Solutions, there is currently US$6 billion in available cryptocurrency insurance coverage for crypto-related crimes. The company notes that this is not nearly enough to satisfy current institutional demand, which is looking to expand into the new asset class. Such insurance will be critical for allowing institutions to cover due diligence requirements when deciding to allocate capital to the new asset class. The Norwegian government has announced that it will be dropping electricity subsidies for cryptocurrency miners within the country's upcoming 2019 budget. The move comes as critics have cited BTC as an energy intensive form of cryptographic output which generates large greenhouse gas emissions. The European Commission announced that it is launching a new blockchain association early next year. The International Association for Trusted Blockchain Applications (IATBA) is said to already have five larger European banks on board, with only BBVA & Banco Santander currently being disclosed. Bakkt, the digital asset platform backed by the NYSE, announced that it plans to target January 24, 2019 as the launch date for the service. The release noted that given the volume of interest and work required to get all of the pieces in place, the company has set an early 2019 start date in order to ensure that our participants are ready to trade on Day 1. BTC News: As of this week, BTCs hash rate has experienced the steepest decline in its history. Its all-time high was achieved on August 27 this year and has subsequently fallen 44%. The fall has been well telegraphed as many miners rushed in mid-2018 to take advantage of mining profits, indirectly bringing in more competition and lower prices. It is worth noting that the sharp decline is relatively immaterial compared to the more than 400% rate of increase it experienced over the past year. BTC reached all-time highs at the end of 2017 and has since declined for most of 2018. BTC continued to fall sharply this past week as holders capitulated on increasing volume. Volumes continued to increase this past week as the average coins traded per day was 1.4 million. Date Of Inception: 2009 17mm 21 mm ~$0.515 https://bitcoin.org 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
Ripple (XRP) C$0.48 (US$0.36) Ripple News: XRPs market dominance has doubled over the past month as it has relatively outperformed the rest of the cryptocurrency space. As of the time of writing it sat at 12%, roughly an increase of two times over the 5.65% as of September 15. 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. XRP gained relative strength this past week as the coin escaped the larger declines experienced across the space. Volumes traded per day continued to move higher as the average coins traded per day was 2.33 billion. Date Of Inception: 2012 99.99 Billion 100 Billion CORRECTNESS ~$0.0007 https://ripple.com/ 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." Page 2 of 8
Ether (ETH) C$141 (US$107) ETH News: During the Devcon 4 tech conference this October, ETH developers met secretly to discuss a previously undisclosed upgrade to boost the cryptocurrency s capabilities. Recently released minutes of the four separate meetings refer to the upgrade as ethereum 1x, and note that it could potentially be activated as soon as June 2019. Despite rallying aggressively in April 2018, ETH has fallen through the second half of 2018. Small plateaus have consistently broken lower on high volume. Similar to the rest of the space, ETH broke sharply lower from its extended flat range which it started in early September. Volumes accelerated as coins traded per day averaged 18.5 million traded per day. Date Of Inception: 2014 SMART CONTRACTS 100mm NO MAX ~$0.111 https://www.ethereum.org/ 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. Page 3 of 8
Bitcoin Cash (BCH) C$236 (US$179) BCH News: The recent Bitcoin Cash hard fork resulted in two (for now) viable chains: Bitcoin Cash (following the Bitcoin Cash ABC protocol and roadmap published by bitcoincash.org), Bitcoin SV (following the Bitcoin Cash SV protocol and roadmap published by nchain) In the first week since the fork, the incumbent Bitcoin Cash ABC chain looks to have succeeded in becoming the dominant chain as the largest previous BCH mining pool, CoinGeek, announced an end to the hashwar between the two chains and formally called for a permanent blockchain split between BCH and BSV. After rallying throughout May, BCH has ground slowly downward alongside the general cryptocurrency markets for the balance of 2018. BCH continued to sell-off this week as capitulation swept across the space. Volumes broke higher to trade above two million coins per day during the selloff. Date Of Inception: 2017 17mm 21 mm ~$0.0004 https://www.bitcoincash.org/ 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. Page 4 of 8
Litecoin (LTC) C$38 (US$29) LTC News: No significant LTC-related news this week. 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 four million coins traded per day. LTC broke lower this week during the overall selloff as volume traded hit a new short-term high of 18.6 million coins traded per day. Date Of Inception: 2011 55mm 84 mm ~$0.022 https://litecoin.com/ 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. Page 5 of 8
DASH (DASH) C$115 (US$87) DASH News: TRAKI, a large Venezuelan department store, announced that it has started to accept DASH as the country s national currency continues to depreciate. The adoption further demonstrates the trend within the country where retailers are trying to maintain purchasing power by accepting other forms of currency. 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. DASH traded negative last week as it broke lower than its early October low of US$153. Volumes rose as coins traded per day averaged 1.4 million per day. Date Of Inception: 2014 8 mm 22 mm STAKE ~$0.0363 https://www.dash.org/ 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 selfgoverning 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. Page 6 of 8
Ethereum Classic (ETC) C$5.63 (US$4.27) ETH Classic News: No significant ETC-related news this week. 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. ETC sold off with most other cryptocurrencies this week. Average volumes reached a new short-term high of 39 million coins traded per day. Date Of Inception: 2016 SMART CONTRACTS NO MAX ~$0.0015 105 mm https://ethereumclassic.org/ 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. Page 7 of 8
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