Facebook’s crypto plans kick flagging Bitcoin in the pants

Business

Facebook’s crypto plans kick flagging Bitcoin in the pants

After a spectacular crash in December 2017, the flagship digital coin has tripled in value so far this year

Nick Hedley

Bitcoin, the flagship digital coin that spectacularly crashed in late 2017, has staged a comeback in recent months – tripling in value since the start of 2019 thanks in part to Facebook’s cryptocurrency plans. 

Bitcoin rose to fame when its value surged about 2,200% in a year before the bubble burst in December 2017, wiping out half of those gains in slightly over a month.

But the steady decline that followed – partly because of moves to regulate digital currencies and several high-profile hacks — was arrested in January...

This article is reserved for Times Select subscribers.
A subscription gives you full digital access to all Times Select content.

Times Select

Already subscribed? Simply sign in below.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.