Home / Jordan Lyanchev

Jordan Lyanchev



Articles by Jordan Lyanchev

Top 30 Cryptocurrencies Gained 300% on Average in 2020: Report

17 hours ago

In its annual report on the developments within the cryptocurrency field, the popular monitoring resource CoinGecko asserted that the top 30 coins by market cap added on average 300% in 2020. Moreover, the paper noted that the most widely-used stablecoins had neared $30 billion in circulation after a 440% surge.2020: Best Price PerformersCoinGecko’s report noted that the market caps of the top 30 cryptocurrency assets grew by $552 billion (308%) in 2020. Thus, last year’s results have significantly outperformed the numbers of 2019, where the increase was by $68 billion (62%). The percentage decreased slightly when examined just the top-5 cryptocurrencies to 242%. This difference comes primarily because of Ripple (XRP), which slumped in value at the end of 2020 following the SEC

Read More »

65% Say They Would Consider Selling Bitcoin If The Price Reaches $100,000

23 hours ago

The cryptocurrency market has enjoyed the past several months with impressive gains, including all-time highs for bitcoin and several more tokens.As such, a couple of crypto analysts initiated Twitter polls to ask the community when they plan to sell their positions and realize profits.How Much Would You Sell At The Next BTC TopThe primary cryptocurrency has led the 2020/2021 bull run. Bitcoin had quadrupled its value since early October when it dabbled with the $10,000 mark to an all-time high of $42,000 charted earlier this year.Despite retracing with a few thousand dollars, BTC is still about 10% up in 2021 alone. This has raised discussions within the community if or when most plan to dispose of some of their holdings.Crypto analyst Josh Rager took it to Twitter to ask: “how much

Read More »

Bitcoin Tumbled $3500 In 24 Hours: Altcoins On The Rise As BTC Dominance Drops To 66%

1 day ago

Bitcoin’s bloody weekend continued with substantial price declines as the primary cryptocurrency dipped beneath $35,000, for the second time in 3 days. In contrast, remarkable gains for Cardano (ADA) and another all-time high for Polkadot have sent BTC’s dominance over the market to about 66%.Bitcoin Loses More Than $3K In 24HJust a few days after the Monday crash, in which BTC bottomed slightly above $30K, the cryptocurrency managed to recover most losses and even tried its hand at $40,000 once again.However, BTC failed to breach above that coveted level and started gradually declining in value. BTC dipped to $34,500 on Friday, but the bulls intercepted the move and drove it to an intraday high of nearly $39,000 a few hours after.Nevertheless, the adverse developments returned, and

Read More »

Institutional Investors Bought $2.8 Billion in Bitcoin Through Grayscale In Q4 2020

2 days ago

Grayscale Investment has done it again with another record-breaking quarter. In its Q4 2020 report, the leading digital asset manager informed that institutional investors had allocated over $3 billion into its product, with Bitcoin accounting for the most significant part.$3.3B Invested In Grayscale In Q4 2020Despite the challenges that 2020 brought to the financial markets, or perhaps because of them, Grayscale marked its best year to date with massive allocations, primarily from institutional investors.The first three quarters of 2020 showed record-breaking results, but the Q4 report trumped all data. The company noted that the total investments during the last three months of the year were $3.3 billion, while the amount is $5.7 billion for the entire year. This means that nearly 60% of

Read More »

Kraken Halts XRP Trading For US Users Following The SEC Charges

2 days ago

The San Francisco-based veteran crypto exchange Kraken is the latest platform announcing plans to halt Ripple (XRP) trading starting at the end of January. The decision will affect only US-based citizens, while all services will remain operating as intended for customers located outside of the country.Starting on January 29th at 5 pm PT (or January 30th at 1:00 UTC), Kraken will suspend XRP trading for users based in the United States. The near 10-year-old exchange said that residents need to close all positions until January 28th at 11:59 PT or “their positions will be liquidated.”However, Kraken also said that US users will still be able to deposit, hold, and withdraw XRP even after the exchange has halted the trading activities.Additionally, customers in other countries will not be

Read More »

Market Watch: Polkadot (DOT) Replaced Ripple on The Top 4, Chainlink (LINK) New All-Time High

2 days ago

Following an unsuccessful attempt to overcome the $40,000 price tag over the past two days, BTC headed south once again to an intraday low of about $34,500. Simultaneously, while most alternative coins were in the red, the two large-caps – Chainlink and Polkadot – have both exploded to new all-time highs.Bitcoin Dips To $34.5K But Quickly RecoversThe primary cryptocurrency managed to recover the losses following a “Black Monday” style crash that drove it back to the $30K price area in a matter of a day. On Thursday, only three days later, BTC took a swing at $40,000.There, the bears took charge and drove it south once more. In the following hours, bitcoin started gradually decreasing in value before a sharp dump to an intraday low of below $34,500 (on Bitstamp), while U.S. stock markets’

Read More »

UBS Compares Crypto to MySpace, Says Prices Could Go to Zero

3 days ago

The giant financial services company UBS Wealth Management is the latest organization to warn investors about the potential risks of the cryptocurrency industry. The entity has issued guidelines indicating that the price of each digital asset could plummet to zero at any point, and people need to be prepared to lose it all.UBS Wealth Outlines Crypto RisksThe Switzerland-based giant wealth manager issued a warning aimed at investors cited by Bloomberg. It reads that despite the recent bullish trends within the digital asset field in which most cryptocurrencies skyrocketed in a relatively short time, investors should be prepared that they “could still lose all their money.”UBS Global Wealth Management highlighted that the industry is still largely unregulated and could recently face

Read More »

Report: Mt Gox Creditors Could Claim 90% Of The Owned Bitcoins After A CoinLab Deal

3 days ago

Nearly $5 billion in bitcoin could make their way back to Mt. Gox users following a deal between creditors and CoinLab. Nevertheless, the agreement is still reportedly subject to creditor acceptance.Bloomberg reporter Matt Leising offered a brief explanation of the story earlier today, noting that CoinLab has reached a deal with Mt. Gox creditors for 90% of the bitcoins they are owned.Should the deal indeed proceed, the creditors would receive over 135,000 bitcoins out of 150,000. With today’s prices, this sizeable amount has a value of $4.8 billion. As those users have been waiting for over six years to receive their coins, whose value has appreciated significantly, the community speculated that they might dispose of the bitcoins, which could harm the market.Founded in 2011, CoinLab

Read More »

Bitcoin Turning Into a Frenzy: Guggenheim CIO Scott Minerd Says

3 days ago

Bitcoin’s growing popularity is turning the asset into a frenzy, said Guggenheim Partners’ Chief Investment Officer Scott Minerd. He also doubled-down on his recent optimistic price prediction, saying that BTC could indeed skyrocket to $400,000 per coin.Guggenheim’s CIO On BTC’s PopularityEver since the Wall Street behemoth filed a document with the US Securities and Exchange Commission seeking approval to invest in bitcoin, the entity has been significantly more bullish on the cryptocurrency.Back in December, Guggenheim Partners’ CIO said that the company’s internal analysis estimated that BTC’s price should be about 10x up from its current place. While some speculated that this $400,000 per coin prediction is just a marketing campaign initiated by Minerd, he recently reaffirmed his

Read More »

Bitcoin Stalls Below $39K As Polkadot Surges to $15 And Becomes 4th Largest Crypto (Market Watch)

3 days ago

Bitcoin has failed to break above $40,000 again and has stalled beneath $39,000. The altcoin situation is significantly more volatile, with Ethereum jumping north of $1,200 and Polkadot surpassing XRP as the fourth-largest crypto following a 30% surge.ETH Above $1,200, DOT Takes The 4th SpotThe alternative coins demonstrated high volatility levels in the past week, with massive drops during the Black Monday crash and rapid recovery sessions in the days that followed.Most large-cap ones have remained relatively calm on a 24-hour scale, though. Ripple and Litecoin have marked minor losses, while Binance Coin (2%), Cardano (2%), and Bitcoin Cash (1.7%) are slightly in the green.On the other hand, Ethereum has jumped by 6% to $1,230. Thus, ETH has come 18% away from charting a fresh all-time

Read More »

10% Daily Drop of ETH Stored on Exchanges Sees Bulls Regrouping for a New Push

4 days ago

Recent data indicates that the number of Ethereum coins stored on exchanges has been gradually decreasing in the past year and showcased a massive drop in the past 24 hours alone.This causes speculations if the growing demand for ETH and decreasing liquid supply could skyrocket the asset price.Ethereum Held On Exchanges EvaporatesAccording to the cryptocurrency monitoring resource CryptoQuant, the number of ETH tokens stored on exchanges reached a 12-month high of over 14 million in the middle of 2020. Since then, though, the quantities have gradually started to decrease as Ethereum holders have withdrawn their assets to cold wallets or, more likely, used the coins in DeFi, NFT, or other endeavors.ETH Stored On Exchanges. Source: CryptoQuantAfter dropping to below 11.5 million in the

Read More »

Following Coinbase And Bakkt: Winklevoss’ Gemini Reportedly Considers Going Public

4 days ago

Cameron and Tyler Winklevoss are reportedly exploring the option of making their cryptocurrency exchange Gemini public. The brothers could follow the steps of other US-based digital asset-related companies with similar intentions, such as Coinbase and Bakkt.Gemini To Go Public?Bloomberg reported today that the founders of the US-based crypto exchange Gemini are open to the idea of going public.“We are definitely considering it and making sure that we have that option. We are watching the market, and we are also having internal discussions on whether it makes sense for us at this point in time. We are certainly open to it.” – said Cameron.Gemini, based in New York City, employs over 350 people. The exchange obtained a trust charter from the New York State Department of Financial Services

Read More »

Jack Dorsey Defends the Ban on President Trump’s Twitter Account and Praised Bitcoin

4 days ago

Twitter’s CEO Jack Dorsey has issued a statement in which he defended the social media’s decision to ban the account of US President Donald Trump.Interestingly, the executive also took a moment to praise bitcoin’s decentralized nature, saying that the Internet should strive to be more like it.The History Of Trump’s Social Media BansNews broke last week when multiple social media platforms, including Facebook, Snapchat, and Twitter, permanently suspended the account of the still active US President Donald Trump.Twitter’s decision arguably hurt Trump the most as it was his favorite platform to spread his views and opinions. However, Jack Dorsey’s social media giant found two particular tweets as extremely inappropriate – calling the supporters that broke into the US Capitol “patriots” and

Read More »

After Buying Over $1 Billion In BTC, MicroStrategy to Host an Educational Bitcoin Conference

4 days ago

The NASDAQ-listed business intelligence giant MicroStrategy will host an online conference to educate large organizations about the potential merits of investing in bitcoin. Called “Bitcoin for Corporations,” the initiative has also received support from other industry giants such as Gemini, Binance, Coinbase, Fidelity, Grayscale, and more.Bitcoin For Corporation Coming In FebruaryThe company’s founder and CEO, Michael Saylor, announced the initiative on his Twitter account and advertised it as a “free, online, accelerated course in Bitcoin strategy and tactics to grow your company and create shareholder value.”On Feb 3 & 4, @MicroStrategy will host Bitcoin for Corporations. Join our officers, industry luminaries & strategic vendors for a free, online, accelerated course in #Bitcoin

Read More »

Bitcoin Needs Unified Global Regulations: ECB President Christine Lagarde

5 days ago

Christine Lagarde, the President of the European Central Bank (ECB), believes that bitcoin requires a unified global regulation framework to work properly.Interestingly, Canadian businessman and Shark Tank star Kevin O’Leary also noted that the cryptocurrency could become “something of tremendous value” if world regulators back it up.ECB President On BTC RegulationsThe 65-year-old French politician and current President of the ECB has been calling on clear regulation for bitcoin for a while. Back in 2020, she outlined that cryptocurrencies, and BTC in particular, present new opportunities but also unknown risks, and they need clear legislation to reach their potential.Earlier today, Lagarde doubled-down on her narrative during an interview at the Reuters Next conference. She noted that

Read More »

EU Crypto Payment Processor To Remove XRP Following The SEC Charges

5 days ago

European cryptocurrency payments company CoinGate has joined the likes of Coinbase and Binance US to remove Ripple (XRP) from its services. The firm justified its decision with the SEC charges brought on the payment processor as many of its partners had already stopped doing utilizing the XRP token.CoinGate Removes XRPHeadquartered in Lithuania, CoinGate enables bitcoin, ETH, and other digital assets to be used as a means of payment with traditional merchants. The company has a reported merchant base of over 4,000 participants.Earlier today, CoinGate announced on its Twitter account that it will suspend trading and payment processing in Ripple’s native cryptocurrency XRP as of January 15th, 2021.Nevertheless, the firm reassured its customers that all XRP holdings are safe, and they can

Read More »

Fraudulent COVID-19 Vaccines Offered On The Dark Web For Up To $1,000 In Bitcoin

5 days ago

The topic of working COVID-19 vaccines has been widely discussed ever since the virus started spreading globally last year. Although a few have already been approved, their distribution faces difficulties and delays. This has prompted fraudsters to take advantage by promoting vaccines on the dark web and requesting up to $1,000 per dose paid via bitcoin.COVID-19 Vaccines On The Dark Web For BTCVaccines usually require years of research and testing before reaching people. However, the rapid spread of the COVID-19 pandemic started a race among scientists worldwide attempting to produce effective vaccines in a short time. According to the New York Times, there’re 65 currently tested in clinical trials on humans, and 20 have already reached the final stages.A few more have received approval,

Read More »

New Users and Regulations: Coinbase Explains The Cause of Issues Amid Latest Bitcoin Price Volatility

5 days ago

The largest US-based cryptocurrency exchange Coinbase has issued a formal apology for users in the UK and the EU region. The company acknowledged that its services have been unstable because of the high number of new registrations and the latest regulatory requirements.More Users Led To Problems On CoinbaseCoinbase users located in the UK or the EU might have noticed that the services on the popular US exchange didn’t operate properly in the past two months. The platform displayed “partially downgraded service,” delayed order execution, and some customers even had difficulties accessing their accounts.The company, which described itself as “the most trusted brand in the crypto ecosystem,” apologized for the inconvenience and offered an explanation of what caused the issues. It reads that

Read More »

The Man Who Lost Access To Bitcoins Worth $245 Million

5 days ago

Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets.In case someone loses their private keys (essentially a password for the wallet), this could spell disaster. Such could be the case with Stefan Thomas and his bitcoins worth more than $240 million.7,002 Bitcoins Could Be Forever LostThe NY Times recently covered the story of the German-born programmer living in San Francisco. Back in 2011, he produced an educational video called “What is Bitcoin?” for another BTC fan, who sent him 7,002 bitcoins for his services.However, Thomas didn’t pay much attention to his new holdings as they had a

Read More »

Fidelity International Increases Stake In A Hong Kong Cryptocurrency Exchange Operator

6 days ago

Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%.Fidelity Doubles-Down On Investing In A Crypto FirmBloomberg reported in February last year that Fidelity International had acquired a $14.2 million stake in BC Technology Group Ltd. – the operator of one of Asia’s largest digital asset platforms for professional investors, OSL.At the time, Fidelity purchased 17 million shares for an average price of $0.85 per one, and the company received a 5.6% portion.Earlier today, Singapore’s financial media outlet Business Times reported that the investment arm of

Read More »

Bitcoin is in a Bubble, The Bond King Jeffrey Gundlach Says

6 days ago

Jeffrey Gundlach, the CEO of DoubleLine Capital and so-called “Bond King,” warned that the primary cryptocurrency could be in a massive bubble. He based his view on BTC’s recent performance that included a parabolic increase and a large crash just yesterday.The Bond King Sees BTC As A BubbleIt’s safe to say that bitcoin initiated a significant bull run in early October when it dabbled with the $10,000 price tag. In the following months, BTC more than quadrupled its value to an all-time high of $42,000 marked last week. However, the asset was not exempt from adverse developments either and yesterday crashed by nearly $12,000 in less than 24 hours.Such a parabolic price increase followed by a massive correction has raised concerns among some traditional investors, including DoubleLine

Read More »

PayPal Cryptocurrency Trading Volumes Skyrocket Amid Bitcoin’s Massive Volatility

6 days ago

The cryptocurrency trading volumes on PayPal have skyrocketed to a new all-time high yesterday, shattering the previous record. Having also in mind the growing Google searches for bitcoin, Ethereum, and other digital assets, the question remains if retail investors have finally arrived.PayPal Crypto Trading Volume ATHEver since the world’s largest online payment processor announced last year that it will enable cryptocurrency trading on its platform, the community wondered how long it will take for retail investors to start taking advantage and potentially impact the markets. After all, PayPal has a user base north of 300 million.Data provided by the monitoring resource Nomics informed that the company has recently enjoyed a gradual increase in the crypto trading volume. Yesterday’s

Read More »

Bitcoin Price Reclaims $36K As Crypto Market Cap Eyes $1 Trillion Again (Market Watch)

6 days ago

After the severe crash that drove BTC to about $30,000, the cryptocurrency has recovered some losses and reclaimed $36,000. Most alternative coins have also bounced off yesterday’s lows as the market cap looks to reconquer the $1 trillion level.Bitcoin Back Above $36KFollowing the highly positive first ten days of the new year, BTC headed for its worst 24-hour correction since the mid-March 2020 liquidity crisis.The primary cryptocurrency sat near its all-time high of $42,000 before the bears pushed it down. Ultimately, bitcoin lost almost $12,000 of value during yesterday’s trading session and bottomed at just above $30,000.Nevertheless, the bulls intercepted the move at this point and didn’t allow any further declines. Just the opposite, BTC started regaining value in the following

Read More »

Despite the Crash: Bitcoin Fundamentals Remain Stronger Than Ever

7 days ago

Although the price of bitcoin has crashed in the past 24 hours with double-digit percetages, the network’s fundamentals remain strong. Recent data indicated that BTC’s mining difficulty and the hash rate had reached new all-time highs.BTC Mining Difficulty And Hash Rate ATHsThe mining difficulty on the BTC network goes through an automatic adjustment every 2,016 blocks (or roughly two weeks). Depending on the number of active miners putting their computational power to work on the blockchain, the adjustment could make it either easier or harder for them to complete the work and get rewarded.It’s a feature that enables the system to self-sustain in relation to external events affecting its performance.After the latest such adjustment that took place over the weekend, the mining difficulty

Read More »

Binance Partners With Orbs Blockchain to Launch a DeFi Accelerator

7 days ago

The leading cryptocurrency exchange Binance has teamed up with an Israeli blockchain company called Orbs to be the first core sponsors of a DeFi-related program. Dubbed DeFiOrg accelerator, it aims to enhance the research, development, and community engagement in the decentralized finance field.Binance And Orbs Sponsor DeFi AcceleratorThe Malta-based digital asset exchange announced its most recent endeavor in a press release shared with CryptoPotato. It described the accelerator as a program “dedicated to supporting research, development of open-source software, and community engagement.”The idea behind the accelerator is to explore and assist various projects that are built on the principles of fair distribution, community ownership, innovation, responsible risk approach, sustainable

Read More »

It’s Official: Bitcoin Futures Platform Bakkt Going Public at $2.1 Billion Valuation

7 days ago

The Bitcoin futures platform launched in 2018 by Intercontinental Exchange (ICE) has entered into a “definitive agreement” for business cooperation that will lead to becoming a publicly-traded company with an enterprise value of over $2 billion. The company has also appointed a new CEO.Reports emerged last week suggesting that Bakkt was negotiating a strategic merger with VPC Impact Acquisitions Holdings to go public. Either company failed to deny or confirm the rumors until earlier today.Bakkt issued a press release announcing that VPC and a “marquee group of investors and strategic partners” have signed an agreement to take the Bitcoin futures trading platform public. Following the merger, the combined company will be renamed “Bakkt Holdings, Inc.” and will be listed on the New York

Read More »

Time to Take Money Off The Table: Guggenheim CIO Amid the Bitcoin Plunge

7 days ago

Scott Minerd, the CIO of the Wall Street behemoth Guggenheim Partners that recently decided to allocate funds in BTC, said that bitcoin’s recent price increase was unsustainable in the short term.Furthermore, he advised that it was time to take some money off the table, but speculations arose if this is part of Minerd’s master plan to buy BTC at a lower price.Guggenheim CIO Warns Of Unsustainable BTC RunThe Chief Investment Officer of Guggenheim Partners took it to Twitter to assert that bitcoin’s recent parabolic rise to the new high of over $40,000 was “unsustainable in the near term.” His opinion came during the vicious price drops in the market that drove BTC to an intraday low beneath $33,000.Minerd believes that the “technical upside of $35,000 has been exceeded,” and he advised that

Read More »

FCA Warns Of Suspicious Cryptocurrecy Companies Promising High Returns

7 days ago

Following the latest bullish developments in the cryptocurrency field, the UK Financial Conduct Authority has warned investors of the potential risks associated with investing in certain digital asset endeavors.The UK’s regulator has highlighted the risky nature of the industry and said that people should be prepared for worst-case scenarios, including losing all of their money.UK FCA Warns Investors About Crypto InvestingAlthough the cryptocurrency market saw vigorous price drops in the past 24 hours, it has been on a bull run led by bitcoin in the past several months. BTC broke above $20,000 for the first time in late 2020, doubled its value once more, reached a new all-time high of $42,000, and most altcoins followed along with impressive results.These remarkable gains in a relatively

Read More »

Black Monday: Over $200 Billion Erased From The Market Cap As Bitcoin Crashes Below $33K

7 days ago

It seems that the long-anticipated cryptocurrency correction has finally materialized as over $200 billion vanished from the market cap. Bitcoin plummeted to below $33,000, while most alternative coins have it even worse with massive double-digit price drops.Bitcoin Loses $9K In A DayAfter a highly volatile and positive first ten days of the new year, in which BTC broke above $40,000 for the first time and charted an all-time high of $42,000, the cryptocurrency headed south.During the weekend, BTC was hovering above $40,000 again and even hinting at a new breakout. However, the situation quickly changed in the past 24 hours as the bears took charge.Bitcoin firstly dropped to about $35,000 (on Bitstamp) before it bounced off to north of $39,000 hours later. However, the price declines

Read More »

BlockOne CTO and Co-Founder Dan Larimer Resigns: EOS Price Dumps By 25%

8 days ago

Dan Larimer, the blockchain entrepreneur that co-founded the company behind the popular project EOS, has left his position after four years. Interestingly, the native cryptocurrency EOS has reacted immediately with a vigorous price drop of about 25%.Larimer, who served as Block.one’s chief technological officer, has resigned from his position at the company as of December 31st, 2020. “I will continue on my mission to create a free market, voluntary solutions for securing life, liberty, property, and justice for all. I do not know exactly what is next, but I am leaning toward building more censorship-resistant technologies.”It’s worth noting that a day before announcing his resignation, Larimer asserted that he’s “boycotting Twitter.” He reasoned that “the censorship has gotten out of

Read More »