Today Bitcoin hit a new 2019 high, surging past $9,200. This day last year the price of Bitcoin was only around $6,500. We saw Bitcoin start off 2019 on a negative note, at under $4,000. But we saw it start on an upward trend in April, and over the past few weeks we continue to see it skyrocket hitting new 2019 highs. The price was boosted by At&T announcement that it is the first mobile carrier to accept cryptocurrency payments as part of its collaboration with BitPay.
According to a report in the Wall Street Journal today, the digital coin is expected to launch next year. It will be called Libra and facebook has signed up paypal, mastercard, visa, booking.com and uber to back this project. Last month the Wall Street Journal reported that Facebook has apparently already been working on this in secret for over a year and has been in talks with financial companies and online merchants trying to establish partnerships. Facebook hopes to launch a digital coin that its users can transfer to other users and spend on Facebook and other places.
Now let’s see what else is happening in the crypto world. On Friday cryptocurrency exchange Binance announced a partnership with BAM to launch trading services in the US.
Please remember this is news, not investment advice.