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Huobi


A U.S. cryptocurrency exchange is reporting dramatic increases in trading of tether (USDT), the controversial stablecoin that lost its dollar peg this week, and one of the new alternatives. At HBUS, the U.S. affiliate of the Singapore-based Huobi exchange, both deposits and withdrawals of USDT “have increased by over 10x over the last two days,” a company spokesperson …

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Huobi has announced it will list four U.S. dollar-pegged cryptocurrencies this week, making it the latest major exchange to do so in wake of recent issues surrounding the tether cryptocurrency. In an announcement Tuesday, the Singapore-based exchange – currently, the fourth-largest by trading volume – said it will open deposits and withdrawals for TrustToken’s TUSD, …

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This post was originally published here Chinese entrepreneurs behind some of the biggest cryptocurrency startups in the world have made the country’s billionaire list for the first time. Hurun, the organization that tracks high net-worth individuals in China and worldwide, on Wednesday released its latest list of the wealthiest executives in China – all being worth at least …

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Chinese entrepreneurs behind some of the biggest cryptocurrency startups in the world have made the country’s billionaire list for the first time. Hurun, the organization that tracks high net-worth individuals in China and worldwide, on Wednesday released its latest list of the wealthiest executives in China – all being worth at least 2 billion yuan, or $288 million. …

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The New York Office of the Attorney General (OAG) has released a report on cryptocurrency trading platforms, finding that many are vulnerable to market manipulation and referring several exchanges to another agency for potential violations of state law. The NYAG’s inquiry was launched in April, seeking voluntary participation from 13 of the world’s most notable …

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Huobi Group is to expand its trading services to Japan via an imminent deal to purchase local licensed cryptocurrency exchange BitTrade. In an announcement on Wednesday, Huobi said its wholly owned subsidiary Huobi Japan Holding Ltd has inked an agreement with Eric Cheng, the sole owner of BitTrade, to acquire a majority stake in the firm. BitTrade …

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Crypto exchange Huobi has become the largest shareholder of a public firm listed in Hong Kong, inching a step closer to a possible back-door listing. Pantronics Holdings, the acquired firm, released a statement on Aug. 29 saying Huobi Group had completed the deal by purchasing about 199 million of its shares via two of the group’s …

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Cryptocurrency exchange Huobi is quietly seeking to become the largest shareholder of a firm that is publicly listed in Hong Kong – a move that, if completed, could open the door for Huobi to go public via a reverse takeover. According to shareholding disclosures filed by the firm, Pantronics Holdings, on Aug. 21 to the Hong …

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Huobi, the world’s third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges. Dubbed the Huobi Cloud, the service is set up to provide clients “a one-stop solution … [to enable] its partners to build secure and stable digital asset exchanges quickly,” according …

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A change to the rules for voting on new token listings has caused a backlash against Huobi’s HADAX cryptocurrency exchange platform. On Friday of last week, Huobi published an update – “HADAX Super Nodes and Voting Rules Updates and Subsequent Arrangements” – which outlined that, henceforth, HADAX will rely on two separate groups of funds …

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JD Cloud, a subsidiary of Chinese e-commerce giant JD Group is teaming up with crypto exchange Huobi to conduct new research into blockchain technology and cloud computing. The two companies signed a partnership contract, which was unveiled during a signing ceremony in Beijing on Thursday. According to a press release, the two companies will be working …

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A senior executive from the provider of China’s top photo-retouching app, Meitu, will now lead HBUS – the new U.S. arm of cryptocurrency exchange Huobi. According to an announcement on Monday, Frank Fu, former managing director of Meitu’s global business, will join the fledgling U.S. exchange as CEO, and will manage its operations and oversee the …

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Cryptocurrency exchange Huobi announced that financial data firm Bloomberg has added the HB10 crypto market index on its terminal for subscribers. In an announcement on Thursday, Huobi said users on Bloomberg Terminal are now able to track the performance of top 10 cryptocurrencies that are traded on Huobi Pro, which is now the third largest …

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Cryptocurrency exchange Huobi announced Wednesday plans to allocate 30 million of its Huobi Tokens (HT) to fund the creation of the company’s own open-sourced blockchain protocol. The fund, currently worth around $166 million based on CoinMarketCap data, will be used to launch the Huobi Chain Project, which is also aimed to establish a decentralized autonomous …

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Hot on the heels of its recently announced cryptocurrency ETF offering, Huobi has revealed a new partnership that will see it launch an investment fund dedicated to blockchain startups in China and South Korea. According to a report by the China Money Network on Friday, the cryptocurrency exchange has teamed up with Chinese investment firm …

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Cryptocurrency trading platform Huobi is launching a crypto-based exchange traded fund (ETF), an investment option that will allow retail investors to gain exposure to a basket of assets instead of just one at a time. The company said in an announcement on Friday that the investment instrument – called HB10 – is now open for …

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Huobi, a major cryptocurrency exchange originally from China, has told CoinDesk that it’s setting up shop in Brazil. The news first broke Tuesday when a Brazilian cryptocurrency news source reported that executives from Huobi were seen distributing name cards at a local industry event and talking to well-known figures. The report further suggested that Huobi has …

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Huobi’s U.S.-based operation has registered with the U.S. government as a money services business ahead of a planned rollout of crypto-to-crypto trading this spring. HBUS Inc. is registered with the Financial Crimes Enforcement Network as of Mar. 21, according to the U.S. regulator’s database. Huobi revealed in January that it was opening an office in …

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Earlier this month, cryptocurrency trader Sylvain Ribes investigated into the volumes of most small-scale cryptocurrencies and discovered that the trading volume of OKEx, the fourth largest cryptocurrency trading platform in the world, is mostly inflated. Inflated volumes Ribes, who initially set out to conduct a study on the liquidity of cryptocurrencies and digital assets, utilized …

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SBI Holdings, the investment arm of Japanese financial giant SBI Group, has canceled a business partnership with Chinese cryptocurrency exchange Huobi Group. In an announcement released Friday, SBI Holdings said it has decided to stop capital and business collaboration with Huobi in launching cryptocurrency exchanges in the country. As reported by CoinDesk, the two firms …

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