# store of value News

Huw van Steenis, the senior advisor to Bank of England (BOE) Governor Mark Carney believes that cryptocurrencies “fail fundamental tests” to compete with the traditional financial market institutions, reports Bloomberg on January 21, 2019. Cryptocurrencies Aren’t a Great Unit of Exchange Cryptocurrency proponents the world over are banking on the...

Weiss Ratings LLC, a financial rating agency made seven cryptocurrency forecasts for the year 2019 (Jan. 3rd) stating that bitcoin will still be used extensively as a store of value and the price of BTC will moon again, more promising projects will arise, and the value of some altcoins will...

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...

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...

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...