Home / Jordan Lyanchev

Jordan Lyanchev



Articles by Jordan Lyanchev

Canadian VR Company Sells $4.2M of Bitcoin Following the Double-Spending FUD

20 hours ago

NexTech AR Solutions, a Vancouver, Canada-headquartered developer of VR and AR solutions, has booked a $200,000 profit after selling over 130 bitcoins. The firm justified its decision with the double-spending that allegedly occurred on the BTC network yesterday.According to a press release published by the company, NexTech has sold all of its BTC holdings, amounting to 130.187 bitcoins. With today’s prices, this amount is worth north of $4,2 million.The sale has come less than a month after the initial purchase – revealed on December 29th, 2020. Despite the relatively short period, though, BTC’s price has expanded, and the firm managed to realize a profit of $200,000 after the sale. This means a 5% ROI in just a little over three weeks.However, what’s more interesting is the company’s

Read More »

VanEck Seeks SEC Approval To Launch An ETF Tracking Crypto Companies Performance

23 hours ago

After several unsuccessful attempts to receive approval for a Bitcoin ETF, the US investment manager VanEck decided to try its hand with an exchange-traded fund that follows crypto companies.The firm has filed a document with the US Securities and Exchange Commission to release a Digital Asset ETF to track the price and performance of the Global Digital Asset Equity Index.VanEck Goes For A Crypto Companies’ ETFFounded over six decades ago, VanEck is a New York-headquartered investment manager with an estimated AUM of about $50 billion as per 2019 data.The company has made several attempts to initiate a US-based ETF tracking the performance of Bitcoin, but has now decided to for a different type of cryptocurrency-related exchange-traded fund.According to a filing with the SEC, VanEck has

Read More »

Russia’s Sberbank Seeks Approval To Launch Its Own Cryptocurrency

1 day ago

Giant state-owned Russian bank Sberbank has reportedly sought approval from the nation’s central bank to launch its own cryptocurrency through a blockchain platform.Separately, a Russian court has removed the leading crypto exchange Binance from a regulator’s blacklist.Sberbank Looks Into Launching Its Own Crypto?According to the local coverage, Sberbank of Russia, one of the largest banks in the world’s largest country by landmass, has applied with the central bank to register a blockchain platform.Should the Central Bank of the Russian Federation approve the application, Sberbank plans to leverage the blockchain platform to create its own cryptocurrency.Anatoly Popov, deputy chairman of the board, said that the main goal is to launch the digital asset in the spring of this year.“Sberbank

Read More »

Over $100 Billion Wiped off the Market Cap as Bitcoin Slided Beneath $29,000 (Market Watch)

1 day ago

Bitcoin’s decline continued in the past 24 hours as the asset dumped below $30,000 for the first time since early January. Most altcoins are also covered in red, and the total market cap has plummeted to $900 billion – meaning a decrease of over $100 billion in a day.Bitcoin’s Drop Took It Below $29KJust a few days ago, BTC attempted to overcome the $38,000 price tag but to no avail. Ever since that rejection, the cryptocurrency has been gradually decreasing in value.The situation worsened in the past 24 hours. BTC had recovered some of the losses and traded at about $35,000 before the bears took full control and pushed it further down.The primary cryptocurrency lost over $7,000 in the following hours to its intraday low of below $29,000 (on Bitstamp).Although bitcoin bounced off rather

Read More »

Theta Network Partners With World Poker Tour to Lower Video Delivery Costs

2 days ago

Viewers of the giant gaming and entertainment brand, World Poker Tour, will be able to earn TFUEL tokens while watching poker content after WPT announced the integration of Theta Network.The partnership will also enable WPT to lower the video delivery CDN costs by 50% while increasing user engagement by employing Theta’s blockchain.Theta Integrated On World Poker TourTheta Network is a blockchain-based video delivery project that aims to decentralize the live streaming industry. It also enables existing video platforms to drive revenues and reduce content delivery CDN costs while rewarding end-users for sharing and watching the content.The team behind the project announced the latest milestone in its adoption in a press release shared with CryptoPotato.It reads that the “premier name in

Read More »

eToro Halts XRP Trading For US Citizens Following The SEC Charges

2 days ago

The US Securities and Exchange Commission charges on Ripple have pushed another platform, namely eToro, to suspend trading for the company’s native cryptocurrency. The Israeli exchange will prohibit the purchase and trading of XRP for US citizens starting from January 24th.eToro Joins The List Of XRP Suspending ExchangesFounded in 2006 in Israel, eToro is a popular social trading and multi-asset brokerage company that also support various cryptocurrency pairs.However, the company has decided to remove Ripple’s native cryptocurrency, XRP, from its services to customers based in the United States.eToro announced the decision in an email shared with CryptoPotato. It reads that the US branch has “decided to prohibit purchases of XRP on the eToro platform and to prohibit any conversion of XRP

Read More »

Sequoia Holdings To Offer Its Employees Salaries In Bitcoin And Ethereum

2 days ago

Employees of the large provider of cloud migration, app development, and software engineering services, Sequoia Holdings, could start receiving their salaries in various cryptocurrencies. Some of the options include Bitcoin, Bitcoin Cash, and Ethereum.Founded in 2012, Sequoia Holdings, LLC is a provider of advanced analytic solutions, agile software development, cybersecurity products, and other IT-related services.Earlier today, the Reston, VA-based firm announced that employers could choose the option to receive a portion of their salary in the form of cryptocurrencies.“We are excited to offer the members of our team this new benefit. Many of our employees are enthusiastic supporters of cryptocurrency, and we are happy to help them gain exposure to this trillion-dollar asset class.” –

Read More »

Rapper Soulja Boy Shows Further Interest in Cryptocurrencies

2 days ago

DeAndre Cortez Way, better known by his stage name as Soulja Boy Tell’ Em (or just Soulja Boy), has initiated a Twitter conversation with prominent crypto individuals and hinted that he could explore launching his own digital asset.Interestingly, the rapper created a song dedicated to Bitcoin in 2018 in which he bragged about “stacking” and making “100 racks” in BTC.Soulja Boy To Create His Own Crypto?The Chicago-born rapper, songwriter, record producer, and actor asked the crypto community on Twitter what’s the best way to purchase digital assets in the US.Being a high-profile name with over five million followers, his question quickly garnered the attention of the industry’s most prominent individuals and companies.Names such as Changpeng Zhao (Binance CEO) and Tyler Winklevoss (Gemini

Read More »

Report: Whales Depositing Bitcoin to Exchanges As BTC Price Tumbled $4000 In Hours

3 days ago

Although bitcoin has retraced following its all-time high of $42,000 earlier this year, CryptoQuant’s CEO predicted further bearish price developments for the asset. He based his short-term prediction on the growing number of BTC whales depositing on various cryptocurrency exchanges.Whales Prepare To Dump On Coinbase?Ever since BTC skyrocketed to its newest ATH of $42,000 in early January, the cryptocurrency has failed to maintain its advance. Just the opposite, bitcoin dipped on a few occasions beneath $35,000 – where it’s situated at the time of this writing as well.Furthermore, Ki-Young Ju, the CEO of the crypto analytics platform CryptoQuant, envisions more short-term price slumps for the primary cryptocurrency.He touched upon the behavior of BTC whales – wallets containing at least

Read More »

Bitcoin And Tesla Stock The Biggest Market Bubbles According to a Deutsche Bank Survey

3 days ago

A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles.Consequently, the participants, most of whom are professional investors, predicted subsequent corrections.Bitcoin Is The Biggest Market Bubble?The primary cryptocurrency has been on a tear since early October 2020. BTC more than quadrupled its value since then to a new all-time high of $42,000. Despite retracing with a few thousand dollars in the following weeks, BTC is still about 10% up since the start of 2020.This rapid price appreciation has caused numerous prominent financial experts to assert that bitcoin is in bubble territory. This belief received a confirmation from a survey conducted by Deutsche

Read More »

Enjin Coin (ENJ) Price Explodes by 90% as Japan’s JVCEA Approves it for Coincheck Listing

4 days ago

Less than two years after entering the Japanese market, Enjin Coin has received approval from the country’s JVCEA to be listed on the cryptocurrency exchange Coincheck. Thus, the asset has become the first gaming token authorized for usage in the Asian nation.JVCEA Approves Enjin Coin’s Listing On CoincheckLaunched following several high-profile exchange hacks in 2018, Japan’s Virtual Currency Exchange Association (JVCEA) received approval from the country’s financial regulator, the FSA, to serve as a self-regulatory organization to enforce strict legislation on the crypto ecosystem.Digital asset projects that wish to be listed and traded on Japan-based platforms go through a thorough examination process by the Association.Coincheck, the exchange that fell victim to one of the most

Read More »

The First Decentralized Crypto Volatility Index (CVI) To Be Launched By COTI

4 days ago

Cryptocurrency traders that want to benefit from the infamous market volatility would be able to do so by taking advantage of COTI’s recently launched Crypto Volatility Index (CVI). Users will be able to place positions in anticipation of significant fluctuations in either direction.The First Decentralized Crypto Volatility IndexCOTI is a blockchain project that describes itself as a “fully encompassing finance” on the distributed ledger technology. It’s designed to meet and address challenges of traditional finance, such as fees, latency, global inclusion, and risk.The project referred to traditional finance as well with its latest product – the Crypto Volatility Index. COTI said in a press release shared with CryptoPotato that CVI is inspired by the stock market’s Volatility Index.CVI is

Read More »

Grayscale Now Owns More Than 3% of Total 21 Million Bitcoins That Will Ever Exist

4 days ago

The leading digital asset manager Grayscale continues to tighten its grip on the bitcoin supply. According to recent estimations, the company now owns over 3% of all the 21 million BTC that will ever exist.Grayscale’s BTC DominationLaunched in 2013, Grayscale is the largest cryptocurrency asset manager with over $27 billion in assets under management.Somewhat expectedly, the company’s Bitcoin Trust (GBTC) is the most popular product that enables institutions to receive BTC exposure through a publicly-traded trust that reports to the US Securities and Exchange Commission (SEC).Investors typically pay a premium to avoid worrying about storing and managing the assets.GBTC’s popularity exploded in the past year as institutions have been more eager to join the space. Grayscale reported that its

Read More »

After $750M Bitcoin Allocation, Ruffer Investment Says BTC is Early in Its Safe Haven Cycle

5 days ago

Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC.The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative safe-haven instruments during these challenging times.Ruffer Investment Doubles-Down On BTCCryptoPotato reported in December that the founded in 1994 asset manager had allocated 2.5% of its portfolio in bitcoin. While the initial reports claimed that this percentage represented about $15 million, Ruffer later revealed that the actual amount is considerably higher – about $750 million.In a more recent note to investors, cited by Portfolio Adviser, the

Read More »

45,000 Bitcoin Mining Rigs Confiscated by Iranian Authorities Amid Blackout Controversy

5 days ago

Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining.45,000 BTC Mining Machines Confiscated In IranLocal media outlets reported that the police had seized about 45,000 rigs that consumed 95 megawatts per hour (MWh) of electricity at lower prices.Head of the country’s state-run electricity company, Mohammad Hassan Motavalizadeh, said that the perpetrators also modified street lighting systems in Tehran and other cities.“The total reduced consumption corresponds to the (electricity) usage for a city with a population of over half a million.” – he added.The report outlined

Read More »

DeFi Explosion: Binance DeFi Index Hits ATH as Total Value Locked Eyes $25 Billion

5 days ago

The decentralized finance sector continues to grow with an impressive all-time high of over $24 billion locked. Additionally, the Binance DeFi Composite Index, measuring the performance of numerous DeFi coins, also marked a new ATH today.Binance DeFi Index To New HighsLaunched in August 2020, the DeFi Composite Index tracks and measures the performance of “a basket” of DeFi assets in what the company described as a “standardized way.”“The composite price indices are combinations of different underlying instruments intended to measure the overall market (or subset) performance over time. The indices price is usually calculated as a weighted average price of the components.”It’s worth noting that the Binance DeFi Composite Index tracks DeFi tokens listed on the leading exchange and is

Read More »

Retail Interest in Ethereum Skyrockets as Small ETH Addresses on the Rise

5 days ago

The interest in Ethereum from retail investors has skyrocketed in the past few weeks. Apart from the Google searches reaching all-time high levels beyond the 2017/2018 craze, the number of wallet addresses with relatively small ETH portions has seen new records as well.Google Trends Sees ATH For Ethereum SearchesGoogle trends data is typically a good indicator of the behavior of retail investors, especially when it comes down to less-known investment assets, such as the crypto field. The number of searches generally sees a significant increase when there’s a massive price movement in either direction.For instance, the Ethereum searches on Google saw unseen highs during the 2017/2018 parabolic price increase when the asset skyrocketed to its ATH of $1,450. During the subsequent year-long

Read More »

Bitcoin Price Battles for $36K As Market Cap Reclaims $1 Trillion (Market Watch)

5 days ago

BTC’s somewhat adverse weekend ended with the asset bottoming below $34,000, but bitcoin has bounced off since then and topped $36,000. New all-time highs for Binance Coin and Chainlink have helped the market cap to conquer the coveted $1 trillion level again.Bitcoin Tops $36KThe primary cryptocurrency was riding high above $38,000 before the weekend, but the bears didn’t allow any further increases. Just the opposite, they drove BTC’s price south on a few occasions.The asset dipped to $34,500 before recovering rather quickly to $38,000. However, bitcoin failed to maintain its price at such a high level and dumped once again. This time, it bottomed below $34,000 (on Bitstamp).Nevertheless, the cryptocurrency has regained some traction since then and currently trades above $36,000. This was

Read More »

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

6 days 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

6 days 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%

6 days 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

7 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

7 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

7 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

8 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

8 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

8 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)

8 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

9 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

9 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 »