The founder of the cryptocurrency exchange Huobi Group – Leon Li – is said to be in talks with numerous investors regarding selling his majority stake in the firm for nearly $3 billion. Some of those in discussion with him are supposedly Justin Sun and Sam Bankman-Fried. As reported by Bloomberg, the Chinese crypto mogul...Read More
Chinese companies are increasingly focusing their attention on developing the metaverse space. Despite the top-down state control, companies have made big investments in both hardware and software. Taiyi Group is one such organization that has now announced the acquisition of Huobi’s communication tool, dubbed Huoxun. According to a recent report, the goal is to develop...Read More
The Aussie financial regulators reportedly greenlighted one of the leading cryptocurrency platforms – Huobi Group – to register as a digital currency exchange provider in the country. This is the company’s latest expansion step and first in Australia. Founded in China, Huobi had to move its operations abroad due to the adverse stance against the...Read More
Huobi’s subsidiary, HBIT, has received a license from the US Financial Crimes Enforcement Bureau’s (FinCEN) Money Services Business Registration (MSB). This will help the cryptocurrency exchange to conduct digital currency-related business in the US in the future. Huobi’s US Push The Chinese cryptocurrency exchange attempted to enter the US market in 2018 but withdrew immediately....Read More
New reports claimed that Li Lin is aiming for an exit from the company he helped found years ago. The executive owns a majority stake at Huobi, with over 50%. The blockchain journalist Colin Wu took it to Twitter earlier today to inform that Lin has decided to liquidate his majority stake in the cryptocurrency...Read More
The current cryptocurrency downturn is taking its toll and yet another exchange appears to be facing serious challenges. Huobi – a platform that used to be very prominent in china – will reportedly lay off at least 30% of its staff. According to well-known cryptocurrency reporter Colin Wu, Huobi will start cutting staff. The reason is...Read More
According to a Financial Times report, Huobi has filed a civil lawsuit against a former senior manager – Chen Boliang. The then-senior supervisor in the crypto exchange’s institutional purchasers division is now being prosecuted in Hong Kong. Accusations have been leveled against him of fraudulently creating a retail trading account in his father’s name and...Read More
Digital assets exchange Huobi will close down its Thailand operations permanently with effect from July 1, 2022. A unit of the Seychelles-based company, Huobi Thailand, ran into trouble with the local watchdog in February-March 2021 when it was red-flagged for violation of regulations. Huobi Shuts Down Thai Ops “Due to the decision of the board...Read More
Huobi, the near-decade-old cryptocurrency veteran, has established a new investment arm, called Ivy Blocks, that will focus on supporting the growing ecosystems of decentralized finance and Web 3-based blockchain protocols. The official press release reads that the new feature will “focus on identifying and investing in promising blockchain projects to help unlock their growth potential,...Read More
Huobi Global – a former China-based exchange – expands its continental footprint by purchasing Bitex, a crypto platform that built the first Bitcoin exchange in Latin America. However, both parties did not release any financial details regarding the acquisition. Huobi Global announced that it had acquired Latin America-based exchange Bitex, but the Asian giant did...Read More
Huobi – a former Chinese crypto exchange – wants to re-establish itself in the United States as an asset manager after ceasing operations in the region in 2019. The company expects asset management to be “a bigger business” than the exchange approach. Return of Huobi Company co-founder Du Jun revealed Huobi’s new plans in an...Read More
Huobi co-founder Du Jun does not believe there will be another crypto bull market until the end of 2024 or early 2025. Speaking to CNBC over the weekend, he said that judging by past market cycles, there may not be another one for around three years. He said that “we are now at the early...Read More
Over the weekend, BitMart suffered a large-scale security breach. It can be counted as one of the most devastating attacks to date wherein the hackers managed to siphon off $196 million worth of cryptocurrencies after compromising a private key that opened two hot wallets. But the communities of Seychelles-based Huobi and Shiba Inu (SHIB) have...Read More
Despite its regulatory issues in Singapore, Huobi Global has chosen the country as its regional headquarters. The exchange will have another one set up in Europe. Bloomberg reported Huobi’s intentions earlier on November 30th, citing the exchange’s co-founder Du Jun. Singapore will become the company’s new headquarters since it’s unable to continue operating from China...Read More
The world’s leading cryptocurrency exchange, Binance, has opened up about the entire fiasco that was endured by Dogecoin Core maintainers and the company during the wallet upgrade. In its blog post titled, “The Inside Story on DOGE withdrawals,” Binance revealed what actually transpired and how no one was at fault. Dogecoin (DOGE) withdrawals Inside Story...Read More
The major digital asset exchange – Huobi Global – revealed it will shut the accounts of all Singapore-based users by March 31, 2022. The company will also start closing its doors for new customers. China And Now Singapore According to an official announcement on its website, Huobi Global will stop providing cryptocurrency services to clients...Read More
Huobi Group will move its spot-trading operations to Gibraltar as The Financial Services Commission of the city-state has already greenlighted the initiative, according to a recent report. Gibraltar Caught The Attention of Huobi Following the total crypto ban imposed by the People’s Republic of China, many local companies started migrating their services outside the borders...Read More
Over 20 Chinese digital asset-related businesses revealed they will halt their operations and withdraw from the local market as the country continues its hostile stance on anything crypto. The Effect of The Chinese Crypto Ban China’s negative stance on the cryptocurrency industry has been known for years, and the local authorities tend to remind investors...Read More
After China recently banned all crypto-related activities in the country, crypto exchange Huobi Global had to limit mainland Chinese citizens from registering on the platform. As a consequence, the Huobi pool – the eighth biggest BTC pool- is now moving a massive amount out of their funds, possibly to cover the client withdrawal needs on...Read More
The Chinese government is not holding back on its mission to stop all crypto activity in the country, and has continued to widen its crackdown against bitcoin and cryptocurrencies. Huobi Blocks New Chinese Users The intensified attacks have now forced Huobi, one of the major exchanges in the country, to suspend new user registration coming...Read More
The popular cryptocurrency exchange Huobi Global is taking advantage of its competitors’ setbacks to break into new markets. The latest chess move involves a partnership with Latamex —Settle Network’s on and off-ramp fiat-to-crypto payment gateway— with the goal of enabling purchases and sales of cryptocurrencies with fiat money in Argentina, Brazil, and Mexico. The exchange...Read More
Cryptocurrency trading platforms continue to receive scrutiny from global regulators as Spain’s National Securities Market Commission (CNMV) has warned two of the largest digital asset exchanges – Huobi and Bybit. According to the statement from the authorities sent to 12 companies operating in Spain, including Huobi and Bybit, they have failed to register to provide...Read More
One of the leading cryptocurrency exchanges, Huobi, has filed to dissolve an entity based in China. This comes as the country escalates its efforts to clamp down on the cryptocurrency industry, in general. Evident in Chinese business registration archives, the entity’s management has filed a Resolution to dissolve On July 22nd, this year. The announcement further reads...Read More
The recent regulatory crackdowns from the world’s most populated nation have impacted not only crypto prices but businesses inside the industry as well. Huobi has temporarily suspended a portion of its services to new users in China and in other nations. CryptoPotato reported last week China’s latest endeavor against the cryptocurrency industry. In it, the...Read More
Huobi Group, the holding company of the leading cryptocurrency exchange, Huobi Global, has recently launched a new subsidiary geared towards decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and mergers and acquisitions. Huobi Devotes $100M to DeFi In a Thursday press release shared with CryptoPotato, the company noted that it has already deployed $100 million to...Read More
Huobi Group has found its way back into the United States. The Hong-Kong-based company announced that it acquired a trust license from the Nevada Financial Institutions Division for its wholly-owned subsidiary Huobi Trust Company. As per the filing with the Hong Kong Stock Exchange by Huobi Technology Holding Limited: “The board (the “Board”) of directors...Read More
With the 1st of December and the scheduled launch of ETH 2.0’s Phase 0 looming with every passing hour, crypto-exchanges are preparing themselves by offering new ETH 2.0 staking services. Popular crypto-exchange Huobi has taken the lead in this respect, with the Singapore-based exchange announcing the launch of ETH 2.0 One-Click Stake Function a few...Read More
Over $400 million worth of the most popular stablecoin Tether (USDT) has been sent to the cryptocurrency exchange Huobi over the past couple of hours. Two of the transactions were sent from an unknown address with a total worth of around $304 million, while another transfer worth $100 million was sent from Bitfinex. Over $400...Read More
Bitcoin’s price has gained by 7.33% in the last 7 days. With this kind of momentum building up, Open Interest on derivatives exchanges is up too. However, that’s not the only interesting bit. In fact, while aggregate Open Interest on derivatives exchanges is up by 18%, on Huobi, it is up by 250% over the...Read More
Although the cryptocurrency spot and derivatives trading volume declined on most platforms in September, Binance has taken the lead as the largest derivatives exchange, a new report revealed. Simultaneously, the regulated Chicago Mercantile Exchange (CME) saw steady Bitcoin futures performance, while the options trading exploded. Binance Takes The Top Spot For Derivatives Trading The data...Read More
