On Wednesday, the chair of the Federal Reserve, Jerome Powell, said Libra raised a host of "serious concerns" around "money laundering, consumer protection and financial stability"
Book review of The Bitcoin Saga: A Mixed Montage
Facebook's plan for a digital currency called Libra has policy makers scrambling. The UK's three main financial regulators are working together on how best to respond
Central banks will have to respond to Facebook's Libra
The news comes after Facebook Inc. earlier this month unveiled plans to create a cryptocurrency it expects will one day trade much like the dollar
Surges in weekend activity since the beginning of May account for about 40% of Bitcoin's price gains this year
The key to getting the consumers and merchants to use the digital currency will be incentives
Bitcoin soared as much as 39% this week to $13,852, the highest since January 2018
Bitcoin last traded up 14.7% at $13,475