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” Huobi explains what went wrong with HUSD after stablecoin is back on track “ After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what caused the short-term liquidity problem and assured users that it has been resolved. On Aug. 18, HUSD started to fall from its dollar value, trading at $0.92 at…
” Uzbekistan blocks access to foreign crypto exchanges over unregistered trading “ The government of Uzbekistan, which has previously made significant steps toward a moderate approach to crypto, announced Wednesday that it has restricted access to a number of large international crypto exchanges due to accusations of unlicensed activity. In a statement from Aug. 10,…
” Huobi co-founder reportedly looks to sell majority stake valued at over $1B “ Leon Li, the co-founder of global crypto exchange Huobi, is reportedly in talks to sell the majority of his stake in the company that could be valued at over $1 billion. Li reportedly had discussions with multiple financiers seeking to offload…
” US expansion for Huobi a step closer after it secures a FinCEN license “ A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN). The Seychelles based Huobi said on July 5 that the license creates a…
” How crypto is attracting some institutional investors — Huobi Global sales head “ James Hume, head of sales at Huobi Global, said t while some institutional investors have gotten “cold feet” over crypto, many with billions of dollars are exploring the space. Speaking to Cointelegraph at the European Blockchain Convention on Tuesday, Hume said…
” Huobi crypto exchange wins licenses in Dubai and New Zealand as Thai affiliate closes “ Major cryptocurrency trading platform Huobi continues expanding its global presence by securing new licenses in New Zealand and the United Arab Emirates. On Friday, Huobi Group obtained the Innovation License under the Dubai International Financial Centre (DIFC), securing the…
” Huobi to permanently shut crypto operations in Thailand “ Huobi’s Thailand unit is set to wind down operations by July 1, after its operating license was revoked by the Thai Securities and Exchanges Commission (SEC). The Thai SEC revoked Huobi’s license in May after it failed to comply with the local regulations. The permanent…
” Huobi Global launches $1B investment arm focused on DeFi and Web3 “ Digital asset exchange Huobi Global has spun out a new investment arm focused on decentralized finance (DeFi) and Web3 projects, further highlighting venture capital interest in the blockchain economy. Dubbed Ivy Blocks, the new investment arm has over $1 billion in crypto…
” Chain (XCN) ignores the wider-market downtrend by rallying 100%+ over the past month “ May was an incredibly challenging month for the cryptocurrency market as a majority of tokens booked heavy losses as a bear market was confirmed, but not every project dropped back to pre-bull market lows. Chain (XCN), a protocol designed to…
” Terra crash not a risk to the broader crypto ecosystem, says Huobi Global CEO “ As the fall of Terra (LUNA) and TerraUSD (UST) may have a noticeable short-term impact on the decision-making of both retail and institutional investors, it doesn’t pose a risk to the larger crypto ecosystem, according to Du Jun, CEO…