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
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...
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