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It took bitcoin an 85 percent crash followed by a 135 percent recovery to convince a prominent financial expert about its underlying potential. Andrew G Haldane, the chief economist of the Bank of England, said bitcoin is on its way to replace cash, according to an eyewitness’s account. The 51-year academic made the statement when [...]DETAIL
Bitcoin is proving to be the one true thing for digital-asset enthusiasts during the sudden resurgence in cryptocurrency prices.
Bitcoin climbed to its highest mark since September, jumping over $US7,500 at one stage, as a rally in cryptocurrencies gathered pace in weekend trading.
PayPal believes it is too early to pronounce Bitcoin as the future of payments. Nevertheless, the $128 billion financial services firm is pursuing blockchain and cryptocurrency projects.
The digital world is ever growing and ever-changing — and now new ways of paying for things in the digital world are expanding, too.