Huobi

The U.K. Financial Conduct Authority (FCA) has intensified its scrutiny on the cryptocurrency sector. Exchanges including Huobi and KuCoin, among several others, have been highlighted for offering their services to U.K. residents without the necessary regulatory permissions, Bloomberg reported. As...

Crypto exchange HTX, formerly known as Huobi, has fallen victim to a cyberattack, resulting in a loss of 5,000 Ether (CRYPTO: ETH), equivalent to $8 million USD, the exchange's adviser and TRON (CRYPTO: TRON) founder Justin Sun said on Monday. Despite the significant sum, Sun assured users that...

In the dynamic world of cryptocurrency trading, a handful of exchanges have emerged as dominant forces, holding a substantial share of market liquidity. What Happened: Recent data sheds light on this concentration, revealing that a mere eight platforms control the lion's share of the market...

Seychelles-based cryptocurrency exchange, Huobi announced that it will list PayPal’s (NASDAQ: PYPL) newly launched stablecoin (PYUSD) on its platform by Sep. 7, 2023. The exchange said withdrawals will be enabled by Sep.12. The actual trading of PYUSD will commence once the deposit...

On-chain data reveals that a so-called "whale," made two significant deposits into the Huobi exchange, enhancing its reserves of Tether (CRYPTO: USDT) and Ether (CRYPTO: ETH). This prominent entity initiated a transfer of $200 million USDT early Tuesday and subsequently deposited 5,000...

Cryptocurrency exchange Huobi experienced a net outflow surpassing $73.3 million this past week. This development coincides with reports of several of its top executives being detained by authorities in China, The Block reported. By 4:30 p.m. HKT, the exchange registered token outflows amounting to...

The trade volume between the Russian ruble and Tether (CRYPTO: USDT) saw a significant increase over the weekend, nearly quadrupling from $4 million Saturday to $15 million Sunday, as per data from crypto analytics firm CCData. What Happened: This surge coincided with the capture of...

Promoting its forward-thinking position on digital currencies, a member of the Hong Kong Legislative Council has extended an open invitation to Coinbase Global Inc (NASDAQ: COIN) and other cryptocurrency exchanges to set up shop in the territory. Johnny Ng, a member of the Legislative Council...

Justin Sun, the founder of the Huobi crypto exchange, made an offer to acquire Credit Suisse AG (NYSE: CS) for $1.5 billion. What Happened: Sun wrote in a series of tweets on March 19: “I would like to propose my own offer of $1.5 billion to acquire Credit Suisse and integrate it...

Meme coins, such as Baby Doge Coin (CRYPTO: BABYDOGE) and Floki (CRYPTO: FLOKI), are having a neck-and-neck battle in 2023. So far this year, the entire cryptocurrency market has been performing well, with many cryptos seeing double-digit gains. Baby Doge Coin and Floki have been performing...

Huobi Global founder H.E. Justin Sun said 18 million FTX Users Debt (FUD) tokens have now been fully burned, resulting in a tenfold return for all holders. What Happened: After listing the token on Sunday, Huobi Exchange and Debtao announced that 18 million FUD tokens (amounting to 90% of...

H.E. Justin Sun, the founder and CEO of Tron (CRYPTO: TRON), said he has "good ideas" to revitalize the defunct cryptocurrency exchange FTX (CRYPTO: FTT) in partnership with Huobi Global. What Happened: Sun was responding to a pseudonymous crypto trader who suggested four names for...

Security teams at crypto exchanges Binance and Huobi worked together to freeze and recover 124 Bitcoin (CRYPTO: BTC) from hackers behind the Harmony bridge exploit, according to Binance's CEO.  In a tweet, Binance CEO Changpeng Zhao announced the hackers had tried to launder the...

A week after dismissing rumors the two companies were considering a merger, cryptocurrency exchange Huobi said it will forge a "strategic relationship" with Poloniex. "The two exchanges will progressively cooperate in multiple business aspects including HT ecosystem development...

Cryptocurrency exchange Huobi has disclosed the quantity and value of its digital assets held in reserves. According to the Seychelles Islands-based company's " inexhaustive overview" of its digital asset holdings, the crypto exchange has: 9.7 billion Tron (CRYPTO: TRX) tokens around...