News Snapshot:
Virtual assets – digital representations of value that can be traded, transferred, or used for the purposes of payment or investment – are tipped to transform the world of finance, which will make the industry more transparent, less susceptible to fraud and potentially cheaper for consumers. There is much renewed interest in cryptocurrencies, with the cost of bitcoin – the world’s largest cryptocurrency – rising above the US$50,000 mark in August after the value fell in May, with the value of other coins, including ethereum and dogecoin, also rising. On Tuesday, the value of bitcoin reached as high as US$64,499...
