BITCOIN

PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 28, 2022 – LBank Exchange, a global digital asset trading platform, will list Genesis Token (GTN) on September 29, 2022. For all users of LBank Exchange, the GTN/ USDT trading pair will be officially available for trading at 10:00 UTC on September 29, 2022. Based on the most advanced blockchain generation – Blockchain 5.0, Relictum Pro creates a global platform that covers all the aspects of human life in a distributed registry, offering unmatched solutions for real-world problems. Its native token Genesis Token (GTN) will be listed on LBank Exchange at 10:00 UTC on September 29, 2022, to further expand its global reach and help it achieve its vision. Introducing Relictum Pro Relictum Pro is a scalable, advanced public and private blockchain platform, where every device is a node able to conduct instant and cheap transactions. It’s a platform that can be used both with thin clients and with more powerful processors, basic stations, as wel...

According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that “opportunities” arise in “every cycle.” Bitdeer Wants to Acquire Cheap Machines From Distressed Bitcoin Miners Bitdeer is setting up a fund to purchase assets from financially distressed bitcoin miners, according to statements Matt Kong made to Bloomberg’s David Pan. Bitdeer is a crypto mining operation backed by former Bitmain CEO Jihan Wu and the company just recently purchased a large-scale vault in Singapore. Bitcoin and cryptocurrency miners, in general, have been suffering from the crypto winter’s downturn. At the end of June, a report noted that $4 billion in bitcoin mining loans were in distress. In mid-July, Cleanspark announced it acquired 1,061 bitcoin miners at a discount and said the crypto winter has b...

South Korean prosecutors are seeking to freeze 3,313 bitcoins at two cryptocurrency exchanges allegedly tied to luna founder Do Kwon. The coins were moved soon after a South Korean court issued an arrest warrant for the Terraform Labs co-founder. Luna Foundation Guard has denied transferring the coins. Korean Authorities Ask Crypto Exchanges to Freeze Bitcoin South Korean authorities have reportedly asked cryptocurrency exchanges Kucoin and Okx to freeze 3,313 bitcoins allegedly tied to Terraform Labs co-founder Kwon Do-hyung, also known as Do Kwon. The coins were transferred to the trading platforms soon after a warrant was issued for Kwon’s arrest in South Korea. On Tuesday, an official at the Seoul Southern District Prosecutors’ Office confirmed to Bloomberg that requests have been sent to the two cryptocurrency exchanges to freeze the 3,313 BTC . The coins were transferred to the trading platforms from a wallet allegedly linked to Luna Foundation Guard (LFG) that was create...

After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term holders, on the other hand, are holding strong and Glassnode researchers say numerous metrics are “displaying a full cycle detox.” Long-Term Bitcoin Holders Hold Tight The crypto bear market continues to plague short-term holders, according to a recent onchain newsletter written by Glassnode and Ukuria On-Chain . While bitcoin ( BTC ) has lost 17.88% in value against the U.S. dollar since August 14, 14-day statistics show BTC is down roughly 9.3%, and year-to-date, bitcoin has shed 53.2%. Furthermore, since the crypto asset’s lifetime price high, 11 months ago on November 10, 2021, BTC is down 71.3%. Glassnode’s newsletter published on September 26 highlights the Bitcoin Realized Cap HODL Waves chart whic...

Following a turbulent start to the week, bitcoin was back in the green on Tuesday, as the token climbed back above $20,000. The move saw prices race to their highest point in nearly two weeks, moving past a key resistance level in the process. Ethereum was also trading higher, as it neared the $1,400 level. Bitcoin Bitcoin ( BTC ) neared a two-week high on Tuesday, as the token rebounded following a recent bearish spell. Following a bottom of $19,006.11 to start the week, BTC /USD raced to an intraday peak of $20,294.34 on Tuesday. This is the highest point that the token has traded at since September 14, and is marginally above a resistance level of $20,250. As of writing, BTC is still trading slightly above this ceiling, with the 14-day relative strength index (RSI) also tracking above a similar threshold. Currently the index resides at a reading of 52.72, which is above its own resistance level of 49.00. Should price strength continue to move in an upward direction, then we...

Telefonica, one of the largest telecom carriers in Spain, and Qualcomm, the fabless chip designer, have inked a partnership to advance joint extended reality and metaverse initiatives. Telefonica will use Snapdragon Spaces, a new technology from Qualcomm, to bring these metaverse experiences to its customers. The agreement also includes the possibility of pursuing joint commercial opportunities. Telefonica Partners With Qualcomm to Bring Metaverse Experiences to Its Customers Telefonica, one of the biggest telecom carriers in Spain and Europe, has announced a partnership with Qualcomm, the chip maker, in order to collaborate in the production of metaverse-related initiatives. The agreement establishes that the telecom infrastructure of Telefonica will serve as a platform to deploy experiences produced with Qualcomm technology. This technology, named Snapdragon Spaces, is a full stack of programs that allow designers to focus on developing these experiences, especially for augmente...