Connect with us

Tech

Bitcoin Price Crosses $11,000 After the Announcement of Facebook’s Libra

mm

Published

on

The king of Cryptocurrencies, Bitcoin, has crossed $11,000 price after the announcement of Facebook about launching a digital currency next year. The Bitcoin is at the highest peak in the last 15 months after the announcement and is expected to lift more by the end of the current financial year.

After the US technology firm, Facebook, released the notice about issuing the cryptocurrency called, Libra, within a week, Bitcoin has risen in value by $2,000. As per cryptocurrency tracker, this uplift in price may radically reshape the financial landscape of governments and central bank. Earlier this year, the cryptocurrency remained below $6000 for much of the time. It lost popularity throughout the year, and many investors lost their interest. The best cryptocurrency portfolio tracker has the market value of all the top cryptocurrencies in the global crypto market.

Bitcoin grabbed the attention of people when its value reached $20,000 in 2017. And after going down last year, currently, it is at the peak level after 15 months. At the start of June, Bitcoin’s value was $8,539.81, and after Facebook’s announcement about Libra, it uplifted to hit $11,116 within a week.

Craig Erlam is a senior market analyst in a financial trading firm Oanda. He said that Bitcoin is slowly reaching its old standard. It has been rising for a few months, and Facebook’s decision about Libra is boosting the Bitcoin price more. And traders are also helping to adopt this cryptocurrency by using the technology. Bitcoin value can triple by the end of this year and can result in increased demand from professional investors.

From television to the internet platform, Jonathan switched his journey in digital media with Bigtime Daily. He served as a journalist for popular news channels and currently contributes his experience for Bigtime Daily by writing about the tech domain.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Betterpay Joins Bench to Avail Bookkeeping Services to Merchants

mm

Published

on

Betterpay has announced its partnership with the US-based bookkeeping service, Bench. The step has been taken to provide real human support and personalized experience to their users. In its statement, a leading provider of merchant acquiring and payment solutions has said that a dedicated team of bookkeepers will be allocated to merchants to import bank statements, preparing financial statements and categorizing transactions in every month.

Elinor Chao, the CEO of Betterpay said that their firm is constantly working to find the right software and solutions in order to help their clients in the task of bookkeeping. He said that their partnership with Bench would allow their merchants to concentrate on the growth of their business without taking the burden of bookkeeping. Elinor said that the ultimate goal is to save the time of merchants by providing a better bookkeeping and payment solution experience to merchants.

The need for bookkeeping services for small businesses has led to the introduction of many accounting and bookkeeping services in the market. Such services use high-quality and fast software to get the job done in an effective manner. Many of the popular services across the world make use of Navision system to complete the task of bookkeeping and accounting in an efficient manner.

Betterpay’s service is easy to access from the official website of Betterpay and it is available for a one-month free trial. It offers 20% off traditional pricing for the time period of the first 6 months. Payment processing, working capital, consumer financing, and Bench bookkeeping services are available on the platform to help merchants grow their business in an effective manner.

Continue Reading

Trending