Osato Avan-Nomayo

I bumped into Bitcoin in 2010 while I was still engaged in the fierce battle of obtaining my Engineering degree. I found the content of Nakamoto's white paper fascinating since it reminded me of the works of legends like Haber and Stornetta. When I am not writing about cryptocurrencies, I am either attempting to beat my scrabble high score or engaged in some internal existential debate.

What is Stellar

Stellar (XLM) Price Up Nearly 30 Percent Over 7 Days, Propelled by a Slew of Positive News Stories

By Osato Avan-Nomayo / July 17, 2018 / 0 Comments

A flurry of positive news stories has propelled Stellar (XLM), currently the seventh-ranked cryptocurrency by market capitalization, to a nearly 30 percent price increase over the last 7 days. Touted as the top competition for third-ranked cryptocurrency, Ripple, Stellar appears to be taking giant strides in controlling a significant portion of the emerging crypto-based economy.…

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Financial Stability Board Unveils Cryptocurrency-Monitoring Framework, Cryptocurrencies Not Considered a Danger to Global Financial System

By Osato Avan-Nomayo / July 16, 2018 / 0 Comments

The Financial Stability Board (FSB) has unveiled its monitoring framework for cryptocurrencies. The FSB framework comes as the Finance Ministers and Central Bank Governors of the G20 member nations head for a summit in Buenos Aires, Argentina. Since 2017, some member states have called on the G20 to pay particular attention to the emerging cryptocurrency…

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Bitcoin Price

Cryptocurrency Prices Surge Amid Conflicting Stories About BlackRock Inc.

By Osato Avan-Nomayo / July 16, 2018 / 0 Comments

Cryptocurrency prices have risen significantly on the back of reports that BlackRock Inc., a prominent asset management firm was seriously looking into cryptocurrency investments. Apart from Tether, all other top ten coins have experienced positive gains today with Bitcoin Cash leading the way at more than ten percent. However, things seem to have taken another…

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Square Cash App

Square Cash App Records Higher Downloads Amidst Bitcoin Price Decline

By Osato Avan-Nomayo / July 13, 2018 / 0 Comments

Even in the midst of increasing competition and declining Bitcoin price, Square Cash app continues to post impressive download figures. The payment platform is set to overtake PayPal’s Venmo based on the total number of downloads. Meanwhile, the Coinbase app, one of its rivals has seen 2018 download figures plummet significantly. Impressive Download Figures in…

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Korean Self-Regulatory Body: 12 Cryptocurrency Exchanges Meet Minimum Requirements

By Osato Avan-Nomayo / July 12, 2018 / 0 Comments

The Korean Blockchain Association (KBA) has passed a vote of confidence on 12 cryptocurrency exchange platforms in South Korea. All 12 Cryptocurrency Exchange Platforms Meet the Requirements According to the KBA, all 12 participants in the audit passed the minimum requirements set forth by the Association. These minimum requirements included having a cold wallet, anti-money…

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Bitcoin Bull Bets $6.3 Million that BTC will Exceed Berkshire Hathaway Share Price by 2023

By Osato Avan-Nomayo / July 12, 2018 / 0 Comments

A mystery investor has decided to bet $6.3 million that the price of Bitcoin will exceed $280,000 by the year 2023. If successful, the individual stands to win a whopping $1.2 billion. Throwing Down the Bitcoin Gauntlet to Berkshire Hathaway According to a tweet by Tom Waterhouse, the CEO of William Hill Australia, a “well-known…

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Bitcoin Price

TenX Co-Founder Stands Behind $60,000 Bitcoin Price Prediction

By Osato Avan-Nomayo / July 11, 2018 / 0 Comments

TenX co-founder, Julian Hosp is still optimistic about his Bitcoin price prediction of $60,000 despite the recent downturn in the cryptocurrency market. So far this year, Bitcoin had shed more than 60 percent of its value. If Bitcoin Breaks $10,000 then $60,000 is Possible Between late December 2017 and the start of 2018, numerous stakeholders…

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Ripple Sets Out to Upstage Bitcoin in India

By Osato Avan-Nomayo / July 11, 2018 / 0 Comments

Ripple, the third-ranked cryptocurrency by market capitalization, is looking to capture the Indian cryptocurrency market. The company has identified the country as a pivotal cog in the wheel in its quest to upstage Bitcoin. Ripple plans to leverage its technology to provide banking services to the one billion people using mobile banking services in India.…

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Regulations Will Be the Death of Bitcoin, Says Nobel Laureate Economist

By Osato Avan-Nomayo / July 10, 2018 / 0 Comments

Speaking with NBC’s Financial News on Monday, Columbia University professor and Nobel Prize-winning economist Joseph Stiglitz spoke disparagingly of Bitcoin and other cryptocurrencies. Among the interview’s biggest highlights are Stiglitz’s comments about the risks of Bitcoin’s anonymity and his assertion that regulatory agencies may possibly “use the hammer” to prevent cryptocurrencies’ further growth. Governments are against the Anonymity…

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ICOs Initial Coin Offering

56 Percent of ICOs Become Worthless Four Months After Crowdsale, Says Boston College

By Osato Avan-Nomayo / July 10, 2018 / 0 Comments

A recent study by Boston College reveals that cryptocurrency ICOs have a short shelf life. Despite the hype and the millions of dollars raised by these projects, many of them do not last for more than a few months. Of the over 1,600 cryptocurrency tokens in the market today, a large percentage of them are…

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