Home / Jordan Lyanchev

Jordan Lyanchev



Articles by Jordan Lyanchev

Grayscale Study: COVID-19 Made Bitcoin Even More Attractive To US Investors

18 hours ago

The number of US-based investors interested in Bitcoin continues to increase according to Grayscale’s Investment 2020 report on the cryptocurrency.
The leading digital asset manager also noted that the COVID-19 pandemic has exemplified Bitcoin’s merits and made it even more captivating to investors.
US Investors’ Growing Interest In Bitcoin
Titled “Bitcoin Investor Study,” Grayscale’s 2020 research aimed at shedding some light on US investors’ perception of Bitcoin and how it has changed in a year. The expanding interest is among the most notable highlights. Grayscale noted that 36% of all surveyed participants in 2019 expressed an interest in BTC, while the percentage has grown to 55% this year.
83% of those who answered that they have previously bought Bitcoin have made

Read More »

Analysis: ETH Miners Begin Selling as Twitter Sentiment Turns Bearish

20 hours ago

Recent data revealed that Ethereum miners have disposed of significant ETH holdings following the latest price jump towards $420. Additionally, the Twitter sentiment has turned rather bearish for the second-largest cryptocurrency after the consequent price drop.
ETH Miners Initiate Sell-Offs?
Ethereum miners, the lifeblood of the current proof-of-work consensus algorithm behind the Ethereum blockchain, have perhaps gained the most from the ongoing decentralized finance craze.
As CryptoPotato reported recently, they made a total of $166 million in fees in September alone. This was a new monthly all-time high and about six times more than Bitcoin miners.
ETH Miners Behavior. Source: SantimentAs far as their balances go, they began accumulating larger portions precisely at

Read More »

Singapore’s Biggest Bank Reportedly Launched A Bitcoin Exchange

22 hours ago

Singapore’s largest bank, DBS Bank, has reportedly soft-launched an exchange offering fiat-to-cryptocurrencies trading pairs called DBS Digital Exchange. 
According to the website and a few reports, it will enable customers to buy and sell four of the “top digital currencies in circulation” – Bitcoin, Bitcoin Cash, Ethereum (ETH), and Ripple (XRP). They will be traded initially against SGD, HKD, JPY, and USD.
DBS Digital Exchange will not hold any cryptocurrencies. Instead, all assets will be kept at DBS Bank, which is “globally recognized for its custodial services.” To enhance customer safety, the bank has also deployed DBS Digital Custody, described as an “institutional-grade custody solution specially tailored for safekeeping digital assets.”
It’s worth noting that the

Read More »

The PayPal Effect: Billionaire Chamath Palihapitiya And Libra’s Chief Believe Banks Will Support Bitcoin

2 days ago

PayPal’s decision to enable its users to interact with cryptocurrencies directly on its platform continues to attract popular individuals’ attention. The latest to acknowledge the significance of this move were the Head of Facebook Financial, David Marcus, and Social Capital CEO Chamath Palihapitiya.
Banks Will Follow PayPal, Says Marcus
Arguably the most significant piece of news recently came last week when the giant online payment processor PayPal announced it will soon enable its US-based customer to purchase, sell, and store several cryptocurrencies, including Bitcoin and Ethereum. Clients based outside the US will have this option available next year.
Apart from the immediate price reaction the news had on the cryptocurrency market, the community also accepted the

Read More »

I Disagree With Armostrong: Ripple CEO on Coinbase Apolitical Policy

2 days ago

Ripple CEO Brad Garlinghouse is the latest popular individual to criticize the apolitical approach recently taken by the cryptocurrency exchange Coinbase. Just the opposite, Ripple has offered employees paid time off to vote and volunteer in the upcoming US Presidential elections.
Ripple CEO Disagrees With Coinbase CEO
Brian Armstrong, the Chief Executive Officer of the veteran US-based digital asset platform Coinbase, raised lots of controversies recently after a blog post. He argued that his company should remain laser-focused on its mission to ascend as a cryptocurrency exchange and its employees need to avert from any political discussions or endeavors.
This so-called “apolitical” approach received reactions from people within and outside of the cryptocurrency space.

Read More »

Alibaba Founder Jack Ma: Digital Currencies Can Create Value

2 days ago

Founder and former executive chairman of the multinational technology conglomerate Alibaba Group, Jack Ma, believes that world regulators need to improve the legislation around digital currencies as they could create value.
Ma: Digital Currencies Could Create Value
In a recent speech reported by Bloomberg, the Chinese billionaire criticized the current global financial regulatory framework for its lack of innovation. He claimed that watchdogs are primarily focused on risk control, which has driven them away from pursuing any developments, and they rarely “consider opportunities for young people and developing countries.”
According to Ma, the Basel Accords are a “club for the elderly” that solves issues only for financial systems operating for years. Countries like China,

Read More »

Bitcoin Just Had Its Highest Weekly Close Since Jan-18 While ETH Eyes $400 (Market Watch)

2 days ago

After marking two consecutive yearly highs in the span of a few days, Bitcoin has calmed but still hovers over $13,000. Most alternative coins have remained relatively stable, and the market cap is yet to break above $400 billion decisively.
Bitcoin Stays Above $13k
Although Bitcoin started the weekend with apparent stagnation, the asset entered Sunday on a roll. BTC was trading at $13,100 but sharply exploded to a fresh 2020 high of above $13,350.
Shortly after, though, the cryptocurrency tanked in value, resulting in its intraday low of $12,900. Nevertheless, the bulls intercepted the price drop and drove BTC higher.
It’s worth noting that this was the highest weekly close of Bitcoin since January, 2018.
BTC/USD Historics Chart. Source: TwitterIn the past 24 hours,

Read More »

Analysis: Are CBDCs a Threat For Bitcoin or The Opposite?

3 days ago

Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own.
While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC).
The idea and purpose of a CBDC are fundamentally different than everything Bitcoin stands for. As such, the community has been speculating on possible consequences for the primary cryptocurrency. Will a government-owned digital currency harm BTC’s role in the online world, or will it simply set the stage for its grand entrance?
Scenario A: CBDCs Are Bad For Bitcoin
The CBDCs will represent the cash bills that we use every day, but, as the

Read More »

Ripple Board Member Arrested on Cyberstalking Charges

3 days ago

Ripple board member and a close family friend of US President Donald Trump, Ken Kurson, has been arrested following allegations of cyberstalking.
According to the New York Times, Kurson has stalked and harassed a total of five victims, including his ex-wife.
He was reportedly most vicious against a friend of his ex-wife, whom he blamed for his divorce. He used pseudonyms to contact the hospital she worked and sent fraudulent emails claiming that she had an affair with her boss. Kurson also initiated a flood of negative Yelp reviews, threatening emails, and anonymous calls and messages to other hospital employees. 
The woman claimed that Kurson had used the same tactics against another female victim, who was fired from her job. The criminal complaint also asserted that the

Read More »

Bitcoin Breaks New 2020 High As Total Market Cap Topped $400 Billion (Market Watch)

3 days ago

Bitcoin continues with the 2020 records and just a few hours ago marked a fresh high of above $13,350. Most alternative coins followed suit with impressive increases, but the market has calmed since then. The entire cryptocurrency market clocked at above $400 billion.
Bitcoin To Yet Another 2020 High
CryptoPotato reported a few days ago that the primary cryptocurrency exceeded the August 2020 high of about $12,500 and reached $13,200. What followed was a slight retracement to about $13,000 and stagnation yesterday.
Nevertheless, the volatility returned in the past 24 hours, and BTC headed towards new highs. This time, Bitcoin broke above $13,350. In fact, according to data from Bitstamp, BTC’s new 2020 high is at $13,362.
Another sharp rejection followed, and the asset

Read More »

The Digital Age Is Here: Crypto And Fintech Companies Soar, While Bank Stocks Tank

4 days ago

2020 has been so far a challenging year. Issues such as the Australian wildfires and the global COVID-19 pandemic have harmed the planet and its inhabitants. The financial world has also suffered, especially during the first several months.
The effects are evident within different sectors of the financial industry. While some have felt adverse consequences during these uncertain times, others have thrived and reached for the stars.
BNN Bloomberg’s senior anchor, Jon Erlichman, recently published some stocks’ price performances for banks and fintech companies and the two largest cryptocurrencies – Ethereum and Bitcoin.
CryptoPotato exemplified it with the graph below. It concludes that innovative fintech companies such as Square and PayPal have massively outperformed the

Read More »

Stagnant Crypto Weekend: Bitcoin Temporarily Stopped at $13,000

4 days ago

Following the past couple of days of significant price developments within the cryptocurrency space, most assets have calmed. Bitcoin remains just shy $13,000, while some of the altcoins have even retraced slightly.
Bitcoin Struggles at $13,000
The past seven days were nothing short of impressive for Bitcoin. After a brief dip to $11,400 last week, the cryptocurrency went on a roll. Promising news from PayPal only accelerated BTC’s bullish run, resulting in a fresh 2020 high painted a few days ago at $13,200.
Since then, Bitcoin has maintained a relatively robust position around the $13,000 mark. In the past 24 hours, the primary cryptocurrency has hovered around that particular level as well.
The only exception came a few hours ago when it tanked to $12,730 (on Bitstamp).

Read More »

I Like Bitcoin Even More, It’s The Best Inflation Trade: Billionaire Investor Paul Tudor Jones

6 days ago

Billionaire hedge fund manager Paul Tudor Jones III has become an even bigger Bitcoin fan following the most recent price developments.
As CryptoPotato reported back in May, Jones bought an undisclosed amount of BTC to protect himself amid the rising fears of increased inflations.
In an interview with CNBC’s Squawk Box, the prominent investor doubled-down on his words that Bitcoin serves as a hedge against the failing traditional financial world.
Jones noted that “I like Bitcoin even more now than then [when he bought BTC in May]. It’s in the first inning and has a long way to go.”
Paul Tudor Jones
He also clarified now that BTC has a single-digit percentage in his investment portfolio. However, he believes that Bitcoin could outperform all other traditionally regarded as

Read More »

Bitcoin Price Paints A Fresh All-Time High Against Two National Currencies

6 days ago

While most cryptocurrency community members speculate when or if Bitcoin will ever top its all-time high against the dollar, the digital asset has already marked an ATH against other government-issued fiat currencies – the Brazilian Real and the Turkish Lira.
Bitcoin Smashes Through BRL ATH
The past several days have been significantly exciting for the cryptocurrency industry, especially for its most well-known representative. Compared to the US dollar, BTC dipped to $11,200 on Friday, but since then, it has been on an impressive ride, resulting in a new 2020 high.
As CryptoPotato reported earlier, BTC pushed above $13,000 and topped at above $13,200. Looking at its price developments from the past few years, it’s easy to spot that this is still $7,000 less than its

Read More »

Crypto and Blockchain Venture Builder Collider Labs Closed A $1 Million Investment Round

6 days ago

A venture builder for early-stage cryptocurrency- and blockchain-oriented companies, Collider Labs, has successfully closed a $1 million investment vehicle.
The company announced the news in a press release shared with CryptoPotato. The $1 million round comes after the recent addition of several “notable limited partners, including established blockchain executives, CEOs, founders, and traders.”
The statement added that the firm is actively exploring different early-stage blockchain and cryptocurrency startups to invest in. Their agenda prioritizes projects related to the so-called New Economy – transparency, privacy, and fairness.
The company has focused on quality over quantity as it aims to identify 10-12 projects “worth of funding and a hands-on ‘Investor in Residence’

Read More »

Bitcoin’s Core Value Is to Be Rationed, Says the Acting US Comptroller of the Currency

6 days ago

During his appearance on DC Fintech Week 2020, the Acting Comptroller of the Currency Brian Brooks praised decentralized networks, highlighted the expanding role of cryptocurrencies and the necessary regulations, and hinted that central banks could actually become nodes to blockchain networks.
Brooks On Crypto And Regulation
In Brooks’ opinion, banks have treated cryptocurrency assets as “pawn shops or some other kinds of disfavored businesses that can’t be touched” in the past 4-5 years.
He believes that digital assets are widely misunderstood, and even representatives of the financial world have trouble comprehending their role.
Although Brooks admitted that cryptocurrencies contain a certain amount of risk, he noted that global regulators hadn’t done enough to establish

Read More »

Analysis: Current Bitcoin Rise Due To New Money Entering Crypto (And Not Altcoins Sell Off)

7 days ago

Bitcoin is enjoying several consecutive bullish days, resulting in a break above $12,000. The movement may surprise some. A few days ago, news broke that the popular cryptocurrency exchange OKEx had suspended withdrawals after reports emerged that its founder was taken away by the police.
In early October, the owners of another large platform, namely BitMEX, were charged by the US CFTC with illegally operating a derivatives exchange.
Similar developments typically lead to adverse consequences for the cryptocurrency market. Although Bitcoin’s price indeed dipped briefly, the asset recovered swiftly. Moreover, it actually started accelerating.
On October 2nd, when the BitMEX news came out, BTC slumped to $10,400. With its price set above $12,200, this represents a 17%

Read More »

Crypto Market Cap Gains $7 Billion as Bitcoin Blasts Through $12,000

7 days ago

Bitcoin has surged past $12,000 in the past several hours and it came just $200 away from marking a fresh 2020 high above $12,500. Interestingly, the alternative coins haven’t followed BTC’s move upwards, and Bitcoin has increased its dominance over the market.
Bitcoin Nears A New 2020 High?
The past few days have been quite bullish for the primary cryptocurrency. Ever since Bitcoin dipped to $11,200 on Friday following controversial news from OKEx, BTC has been gradually increasing in value.
The past 24 hours confirmed Bitcoin’s performance. The asset hovered around $11,700 before breaking above $12,000. BTC had little success at first as the bears quickly drove its price beneath this coveted level.
However, just a few hourly candles ago, BTC pushed harder and topped

Read More »

Crypto More Popular Than Gold Among Russian Investors: Report

8 days ago

A survey among over 2,000 Russian investors has placed cryptocurrency next to gold in terms of popularity. Moreover, younger investors aged below 30 have displayed significant favoritism towards digital assets.
Crypto Ranks Above Gold Among Russian Investors
According to the study published by the World Gold Council, investors from the world’s largest country by landmass have allocated the most funds into generally accepted as safer instruments such as savings accounts, foreign currencies, real estate, and life insurance.
When asked what sorts of investment tools they had invested in the past 12 months, they placed cryptocurrencies as the fifth most popular asset with 17%. Interestingly, gold came next with 16%.
Investments Made In Russia 12 Months Back. Source: World Gold

Read More »

Bitcoin Price Will Skyrocket as Markets Riddled by Election Uncertainty, Analyst Says

8 days ago

Octavio Marenzi, founder and CEO of capital markets consultancy firm Opimas LLC, recently predicted that the current economic situation will shoot Bitcoin’s price “through the roof.”
Simultaneously, he suggested that the traditional financial markets will suffer as the COVID-19 fears grow.
Opimas CEO: Bitcoin Will Shoot Through The Roof
Appearing on RT’s Boom Bust, Marenzi was asked about the current state of the financial world and his prediction by the end of the year. He seemed somewhat cautious in providing precise numbers. Nevertheless, the CEO of Opimas outlined four factors that he believes drive the markets now.
According to Marenzi, those are the growing spread of the coronavirus, the stimulus deal proposed by the US government, the Federal Reserve’s policy, and

Read More »

Bitcoin Decoupling Nearing $12K As Wall Street Tumbled: Crypto Market Watch

8 days ago

Bitcoin finally made a move in the past 24 hours and surged to a new 7-week high of over $11,800. Interestingly, BTC’s price increase contrasted with the US stock markets as the three most prominent indexes closed yesterday’s trading session with serious losses.
Bitcoin Spikes To $11,820
CryptoPotato reported yesterday that Bitcoin had remained relatively calm in the past several days, despite recent negative news. The popular digital asset exchange OKEx suspended withdrawals after reports that its founder was taken away by the police, and the CME gap left open at $11,100 suggested a possible short-term price drop.
However, the primary cryptocurrency tends to prove people wrong, and that precisely what transpired yesterday. BTC traded around $11,400 but initiated an

Read More »

Report: DeFi Was Bullish for Ethereum While Bitcoin’s Volume Decreased In Q3-2020

10 days ago

Cryptocurrency trades have steered clear from Bitcoin trading during Q3 2020, said eToro’s quarterly report. In contrast, the multi-asset brokerage platform revealed that some larger-cap altcoins, such as TRON, EOS, BNB, and Tezos, had experienced double- and even triple-digit trading volume surges.
Cryptocurrency Trading Changes On eToro In Q3
The popular platform published its latest quarterly report earlier this week, examining several crucial developments within the cryptocurrency industry. Being a trading platform, eToro broached data summarizing traders’ behavior. Interestingly, the most preferred assets for trading worldwide were alternative coins such as TRON, EOS, and NEO.
Cryptocurrency Trading Volumes Q3 2020. Source: eToro
From all examined digital assets,

Read More »

Bitcoin Whales Slow Down Following Months of Accumulations: What About BTC Price?

10 days ago

A recent report indicated that the number of Bitcoin whales has started to decrease following months of increased accumulation. Contrary to most expectations, history shows that retail investors are typically taking advantage of similar conditions, which could signify the beginning of a new run-up.
Bitcoin Whales Accumulation Slows Down
Bitcoin whales are considered addresses that own at least 1,000 BTC. As CryptoPotato reported previously, the number of such entities has been continuously expanding in the past several months. Even after the completion of the third halving, whales kept on accumulating, using most price dips as an opportunity to buy at lower levels.
However, the situation could be reversing as of September. According to data from the popular analytics

Read More »

Flippening: Crypto Decentralized Exchanges Grew More Than Centralized Ones In Q3 2020

10 days ago

In the latest report summarizing the Q3 2020 developments in the cryptocurrency field, CoinGecko has classified the outcome as the “summer of decentralized finance (DeFi).”
The popular data aggregator noted that the top-performing decentralized exchanges saw (DEX) massive growth in terms of trading volume resulting in reducing the market share of centralized exchanges (CEX).
DEX Are On The Rise
CoinGecko’s report emphasized on the developments within the decentralized finance industry, and especially the performance of decentralized exchanges. According to the data in the document, “Q3 2020 had been a vibrant quarter where the DeFi hype and yield farming frenzy took over the crypto-sphere. This resulted in a $155 billion increase (88%) in total trading volume.”
Q3 Total

Read More »

Bullish Weekend: Crypto Market Cap Gains $4 Billion, Bitcoin Awaiting Next Move

10 days ago

Bitcoin has overcome the recent price dip beneath $11,300 and currently hovers around $11,400. Most alternative coins have displayed relatively strong performances and the total market cap increased over the weekend.
Bitcoin Back To $11,400
Bitcoin traded around $11,350 yesterday after a calm 24-hour period despite potentially impactful news coming from the popular cryptocurrency exchange OKEx. As CryptoPotato summarized, the platform suspended withdrawals after its founder was reportedly taken by the police and hadn’t returned to work yet.
Similar events generally drive serious volatility for the market. However, apart from a brief $350 price dip, BTC showed stability on Saturday.
Some of the volatility returned in the past 24 hours as Bitcoin painted a sharp price pump

Read More »

Warren Buffett Will See His Wealth Hyperinflate While Bitcoin Price Does 40-80x, Says Max Keiser

11 days ago

Popular TV host and long-time Bitcoin proponent Max Keiser believes that futures traders suppress Bitcoin’s price at current levels. However, once the asset explodes to Keiser’s intermediate target at $28,000, BTC’s amount for sale will evaporate as governments and institutions will purchase directly from miners.
Keiser: Governments And Institutions Will Rush To Buy BTC
Keiser recently tweeted that “the (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000.”
CryptoPotato reached out to the popular TV host to elaborate on his views regarding the price suppression and potential surge in value. Keiser asserted that “for the world’s poor, the

Read More »

The OKEx Saga: All You Need To Know 24 Hours Later

11 days ago

The drama around OKEx started on Friday when news broke that the popular exchange had suspended all withdrawals from the platform. 

Almost immediately, the cryptocurrency market reacted with price drops. Bitcoin lost about $350 in a few hours. 

Shortly after, reports emerged that OKEx co-founder Xu Mingxing was taken by police officers over a week ago and hadn’t returned to work yet. 

CryptoPotato reached out to OKEx for comments, and a company spokeswoman asserted that Mingxing is not affiliated with the exchange anymore. As such, they couldn’t comment on any alleged developments.

OKEx CEO Jay Hao reassured users that all funds on the exchange are safe. Furthermore, Hao noted that all other activities besides withdrawals were still operational. Those included trading,

Read More »

Bitcoin Price Is Stagnant Despite Recent News: The Calm Before The Storm? (Market Watch)

11 days ago

Following yesterday’s $350 price lost for Bitcoin, the asset has remained relatively calm around $11,350. Most larger-cap altcoins have also seized the free-falls with Ethereum trading near $370 and Ripple above $0.24.
Bitcoin Sits Tight Around $11,350
News broke out yesterday that police officers had taken away the founder of the popular cryptocurrency exchange OKEx. Although the company reassured users that funds are safe on the platform, the negative news had an immediate adverse effect on prices.
Bitcoin was trading north of $11,550. In just a few hourly candles, though, BTC plummeted to an intraday low of just above $11,200.
The bulls intercepted the steep price decline and drove the asset to about $11,350 in the following hours. Since then, Bitcoin has primarily

Read More »

OKEx Founder Reportedly Taken by Police, CEO Confirms Funds Are SAFU

12 days ago

One of the most popular cryptocurrency exchanges, OKEx, suspended withdrawals earlier today, which led to lots of confusion within the community and price slumps for the market.
CryptoPotato reached out to OKEx personnel, including CEO Jay Hao, to shed some light on the entire situation.
In the original statement, OKEx reasoned that the withdrawal suspension came because “one of our private key holders is currently cooperating with a public security bureau in investigations where required. We have been out of touch with the concerned private key holder.”
[embedded content]
Apart from the rapid price dumps for cryptocurrency assets, further confusion emerged following reports claiming that police officers have taken away company founder Xu Mingxing over a week ago, and he

Read More »

Bitcoin’s Struggles Continue at $11,300 On OKEx Withdrawals Suspension (Market Watch)

12 days ago

Bitcoin continues to struggle and has dropped by another 1% to about $11,300. The alternative coins bleed out and have wiped out most of the recent gains.
These developments could be attributed to news that the popular exchange OKEx has seized withdrawals and is cooperating with a “public security bureau in investigations where required.”
Bitcoin Loses Another 1%
As reported a few days ago, the primary cryptocurrency marked a 5-week high of about $11,700. Since then, though, Bitcoin has been slowly decreasing in value.
The past 24 hours seemed rather promising. BTC registered an intraday high of approximately $11,600 a few hours ago. However, the bears took charge and drove the assets to a new daily low of $11,250.
The steep price drop came approximately at the time when

Read More »