Bitcoin’s

Hello Benchers!

Here is ICObench Weekly Digest for the week #43. 

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Bitcoin had a wild weekend, briefly topping $10,000, after China’s Xi sang blockchain’s praises. Most of the altcoins have been trigged as well by this news. The market capitalization of all digital assets in circulation slightly jumped to $250 billion.

• Bitcoin’s price was quoted in five digits across cryptocurrency exchanges earlier today, but the breakout into $10,000 was short-lived. The number one cryptocurrency by market value jumped to $10,350 – the highest level since Sept. 24
• This week’s 30.29% gain from Ether backs up the claim that the altcoin’s price action has been riveting as of late. the largest altcoin by market cap, meanwhile saw sideways movements on Monday, with daily gains of just 1.5% to $182
• Ripple price managed to clear the resistance at $0.30 and even touched $0.315 following the euphoria Bitcoin (BTC) impressive rally above $10,000. Ripple is trading at $0.30059 and trying to hold above the short-term ascending support

News headlines

• Bitcoin price back over $10,000 following 36% gains on the day
• Chinese President Xi Jinping urges accelerated blockchain technology adoption
• Zuck of the Hill: After six-hour Libra grilling, Congress unconvinced
• How much wealth has been transferred using Bitcoin

Laws & Compliance custody

• Tron price Up 25% as China reportedly ‘Bans’ anti-blockchain sentiment
• Largest American food coop to pilot Mastercard’s blockchain tech
• Crypto exchange OKEx joins internet giant Kakao’s blockchain project
• 60% tell Vitalik Buterin ‘No’ to Ethereum reversing transactions
• Crypto capital exec indicted on three criminal counts in NY court

Crypto community’s interest

• Opera Browser. Web browser Opera now allows making payments with Bitcoin (BTC) directly inside the browser. Opera’s 350 million users can now send and receive BTC directly from the browser
• China blockchain. China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year. China, he said, would become the world’s foremost proponent of the technology and would seek to implement it throughout the economy
• Bitcoin. Bitcoin surged 24% between Friday and Saturday after Xi's comments, touching $10,350 in its biggest two-day jump since the height of its retail-driven bubble in December 2017
• Facebook’s Libra. Zuckerberg was questioned on Wednesday in Congress on a number of issues, including data privacy and cryptocurrency, as well as race, diversity and civil rights. Many third-party contractors learned of new policy from Mark Zuckerberg’s testimony to Congress.
• Justin Sun has teased an upcoming announcement that involves Tron (TRX) partnering with an unnamed “mega corporation.”. It will broadly distribute TRON Dapps and tokens to billions of customers. Tron in sync with the entire crypto market, is experiencing a huge boost in price, showing a massive gain of more than 14% on the day

Citations of the week

“Nothing within Libra had to be a cryptocurrency to do what they wanted to do."

— Jack Dorsey, Twitter CEO

“We must take blockchain as an important breakthrough for independent innovation of core technologies, clarify the main directions, increase investment, focus on a number of key technologies, and accelerate the development of blockchain and industrial innovation.”

— Xi Jinping, Chinese president

“Cryptocurrency either doesn’t work, in which case investors lose a lot of money, or it does achieve its objectives perhaps and displaces the U.S. dollar or interferes with the U.S. dollar being virtually the sole reserve currency in the world.”

— Brad Sherman, U.S. congressman

And thats it, download ICObench Weekly Digest #43 for 2019 in PDF to read the details, and stay with us!

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ICObench Team