Bitcoin Closing Out Its Best Quarter Since the Bubble With Another Rally
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Bitcoin surged anew Friday, and is set to cap the best quarterly rally since the height of 2017’s cryptocurrency bubble with another push higher following a week of extreme swings in prices.
The biggest announcement came from Facebook Inc., which unveiled plans for its own cryptocurrency named Libra. The social media giant, in conjunction with a group of partners including Visa Inc. and Uber Technologies Inc., hopes it will one day trade much like the U.S. dollar, and that’s heartened crypto’s biggest fans.
“Libra’s launch is undoubtedly an exciting move for the industry,” said Herbert Sim, head of business development at Broctagon Fintech Group. “This would be a huge step towards crypto going mainstream.”
Read the full article on Bloomberg.
About Broctagon Fintech Group
Broctagon Fintech Group is a leading multi-asset liquidity and FX technology provider headquartered in Singapore, with over 15 years of global presence in Hong Kong, Malaysia, India, Cyprus, Thailand, and China. We specialize in performance-driven, bespoke solutions, serving over 350 clients in more than 50 countries with our liquidity aggregator technology, brokerage and prop trading solutions, and enterprise blockchain development.
