Tag: store of value

Always in the news for political controversies, Iran is surprisingly emerging as a “cryptocurrency-friendly” nation. As reported earlier, Iranis use the bitcoin (BTC) route to remit money abroad, with the government taking steps to capitalize on the trend. Iran’s Cryptocurrency Push In an official statement given by the Central Bank of Iran on May 17, 2018, the country is in…

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Economist Agustin Carstens, the general manager of the Bank of International Settlements, voiced a low opinion of cryptocurrencies in his first public speech since his appointment in December. He called on authorities to clamp down before they become further entrenched in the international financial system. Speculative Mania, not a Currency Speaking at Goethe University in Frankfurt, Carstens expressed his opinion…

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For the first time in bitcoin’s price history, one bitcoin had exceeded the value of an ounce of gold, an asset that is often compared to the cryptocurrency. Trading at $1260 at the time of writing, it is also a new all-time high for bitcoin as well. Is it time for Bitcoin to join the ranks of gold and silver…

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The interest in Bitcoin explodes in Africa’s biggest economy. The government cripples the regular remittance industry and remains unable to stop the devaluation of the domestic currency, the Nigerian naira. But shady investments and the famous Nigerian ‘princes’ might play a role; which is why the central bank has partially banned Bitcoin. For months Nigeria has taken the lead in…

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A debate on Satoshi Nakamoto’s original vision on the Bitcoin network has surfaced on various online bitcoin communities and social media platforms. Some experts argued that bitcoin was designed to operate as a settlement network while others firmly believe that bitcoin is meant to be a store of value. Bitcoin enables anyone, anywhere at any time to send any amount…

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