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“# Huobi winds down former exchange operator in China ” Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according to publicly available records. The firm, Beijing Huobi Tianxia Network Technology Ltd., was established in late 2013 and is 70.52% owned by Li Lin, the…
“# Huobi imposes 24 hr crypto withdrawal delay to dampen speculation ” Huobi Global, currently the world’s second-largest crypto exchange by daily traded volume, has introduced a 24-hour token withdrawal delay for all over-the-counter (OTC) trades. The decision strikes a blow to all Huobi users, some of whom will moreover be prevented from withdrawing their…
“# Huobi bans crypto derivatives trading for users in China ” Crypto exchange platform Huobi has updated its user agreement document, banning crypto derivatives trading for customers in China. According to the updated user agreement section of the Huobi Global website, the ban on crypto derivatives trading covers users in jurisdictions like China, Taiwan, Israel…
“# Crypto exchange Huobi has reportedly stopped letting new users trade derivatives ” Huobi, one of the largest cryptocurrency exchanges in the world, has reportedly restricted derivatives for new and existing users over concerns about China’s regulatory crackdowns. Chinese journalist Colin Wu reported on Twitter today that Huobi had temporarily dropped the maximum allowable trading…
“# Huobi Eco Chain’s TVL surges to $2.7B, but two DApps represent 86% of locked assets ” Despite Huobi Eco Chain attracting an impressive total value locked (TVL) since launching in December, just two DApps represent 86% of the blockchain’s TVL. According to crypto data aggregator, CryptoRank, approximately $1.98 billion or 73% of Heco’s TVL…
“# 2 reasons why Casper (CSPR) IOU token rallied 2,300% in one week ” Bull market cycles in the cryptocurrency market can be exhilarating for day traders and long-term investors alike, but the speed at which the prices move can make it a challenge for promising new projects that are looking to catch the momentum…
“# Huobi Group launches 4 crypto funds targeting $100M in assets ” Huobi Technology Holdings — a part of the Huobi Group, which includes leading Seychelles-based cryptocurrency exchange Huobi Global — has launched four digital currency funds targeting $100 million in assets by September, setting the stage for wider institutional adoption. The company said it…
“# Huobi and Seychelles regulators can’t agree on where the exchange is registered ” Disclaimer: This article’s headline was updated to reflect new information regarding the FSA’s statement. Despite long claiming to be compliant with local laws, Huobi has not registered with the proper authorities, according to regulators in the Seychelles. On Monday, the Seychelles…
“# Huobi Global welcomes Vincent Lau as new managing director ” Huobi Global, one of the largest cryptocurrency exchanges by trade volume, has announced the appointment of blockchain industry veteran, Vincent Lau, as the company’s new managing director. Lau previously worked as an executive at major crypto exchanges Bitfinex and OKEx, and has worked for…
“# Huobi secures crypto asset management license in Hong Kong ” Huobi, one of the largest cryptocurrency exchange platforms in China, appears to be pursuing further expansion of its business following the recent regulatory clearance in Hong Kong. According to an official announcement by Huobi Technology Holdings Ltd., the company’s asset management subsidiary has secured…