"The publicity surrounding Libra helped boost the price of cryptocurrencies. Bitcoin traded above $13,000, its highest level in 18 months, rekindling fears about a bubble in the market." Meanwhile, Mark Carney, the governor of the Bank of England, said that Libra could become "systemic" and would "have to be subject to the highest standards of regulations" in line with words by Randal Quarles, the head of the Financial Stability Board, who warned that the use of "cryptoassets" deserves "close scrutiny."The Economist, 29th June 2019
They’re not called Zuckerbucks but Facebook just reinvented digital money, TechCrunch claim.
New technologies are giving us the ability to better prepare for storms as well as recover at a faster rate from the damage they cause. One company, in particular, has found a way to leverage blockchain technology and augmented reality to make it easy for individuals to donate, for organizations to distribute aid more efficiently, and for citizens to have easier access to disaster relief.
Shares in photo firm Eastman Kodak soared nearly 120% after it revealed plans to mint its own crypto-currency, the KodakCoin.
“The world of money and finance is transforming before our eyes.”