Crypto Exchange Huobi Eyes Hong Kong Expansion, Next Big Destination China?
As Hong Kong seeks to become the crypto hub for Asia once again while adopting crypto-friendly regulations, crypto exchange Huobi is willing to make a move in its market.
Crypto Mogul Sun Says Huobi Betting China Will Warm to Digital Assets As Exchange Targets Hong Kong
Digital-asset exchange Huobi plans to expand its operations in Hong Kong, betting the city’s pro-crypto pivot presages an easing of the ban on virtual coins in mainland China and hence smoother access to users there.
Huobi Tests BONE/USDT Trading Page, Listing Announcement May Come Soon
Seychelles-based cryptocurrency exchange Huobi Global Hints at Potential Listing of Shiba Inu’s Bone ShibaSwap (BONE).
FTX User Debt (FUD) Tokens Decline 10% As 18M Burn Becomes Imminent
Crypto exchange Huobi said DebtDAO would burn 18 million FTX User Debt (FUD) tokens later today because it rallied to a much higher value than the recommended price, according to a Feb. 7 statement.
Huobi Finally Lists FUD To Benefit Crypto Users
Huobi recently treated FTX users with great news. The exchange has recently listed the FTX users’ Debt (FUD) token. The bond token showcases the high-value FTX debt asset that can assist crypto users everywhere. The token will allow creditors to access a new level of liquidity, letting them trade FTX debt across the market.
Justin Sun Backs FTX Debt Token ‘FUD’ in Possible Securities Law Breach
Justin Sun, the founder of exchange Huobi, has put his name behind Debt DAO, a project claiming to be issuing FTX users’ debt as a bond token, FUD, on behalf of FTX creditors. In a Twitter thread, Debt DAO said it has been notified of around $100 million in debt by FTX creditors.
Huobi Will List FUD (FTX Users’ Debt) on February 5, 2023
Crypto exchange Huobi announced that it is scheduled to list FUD(FTX Users’ Debt) on Feb.5.
Huobi Responds to Several Issues of Public Concern
It is understood that Huobi's personnel optimization plan is no lower than the industry average.
Huobi and Binance Freeze $100M Associated with Harmony One Attack
Binance recently tweeted about freezing accounts linked to the $100 million Harmony One attack. The exchange also provided assistance when the attacker tried to launder the funds through Huobi.
Binance Assists in Recovering $3M From Harmony Bridge Hack
Binance assisted Huobi in recovering 124 Bitcoin (BTC) — worth $2.58 million — from the Harmony bridge hacker, according to Binance CEO Changpeng Zhao (CZ).
SBF Ordered $65B Secret Backdoor; Binance Has Problems With BUSD Reserves | Cointime Weekly Jan.8 – Jan.14
Court grants Voyager initial approval for $1B Binance US deal; Huobi delists 33 tokens; Sweden grants Binance regulatory approval; Venom and Iceberg launch $1B venture fund
Justin Sun Says He May Spend $1 Billion on DCG Assets
Justin Sun could spend $1 billion of his funds to buy assets belonging to Digital Currency Group, according to a report from Reuters on Jan. 13.
Huobi and Solaris Crypto-to-Fiat Debit Card Launches in the EU
Cryptocurrency exchange Huobi announced its partnership with Solaris, a European financial services provider, to launch a crypto-to-fiat debit card.
Huobi Delists 33 Tokens in One Day Citing Trading Risk, Low Volume
According to a Jan. 11 announcement, cryptocurrency exchange Huobi said that it would delist 33 tokens consisting of tickers ABT, ATP, APN, AST,DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, TALK, VALUE, WHALE, WILD and YAM. Effective Jan. 16, the aforementioned tokens will cease trading and be delisted permanently. In explaining the decision, Huobi wrote that most of the tokens violated Section 17, Rule 1, and Section 17, Rule 2, of the Huobi Token Management Rules, which states:
Huobi Clarifies Korean Operations: Two Separate Entities Aiming at Same Market
Following the report about Huobi Korea’s planned buyout of its shares from Huobi Global, the latter revealed that the deal has already been made, and the two platforms have been operating completely separately since the Fall of 2022.
Huobi to Delist ABT, ATP, APN, AST, DIE, DHT, DFA, EDEN, GEAR, HC etc.
As part of our continuous efforts to promote the healthy development of the blockchain ecosystem, Huobi will be ceasing trading of ABT, ATP, APN, AST, DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, TALK, VALUE, WHALE, WILD and YAM. These tokens will be delisted at 08:00 (UTC) on January 16th, 2023.
Binance Annual Revenue Grew 10x Over the Past 2 Years, While OKX’s Grew 4x
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
Huobi Korea Moves To Sever Ties With the Mothership: News1
The Huobi crypto exchange's Korean arm is set to sever ties with Huobi Global and run its own business, according to a report in Korean outlet News1.
Huobi Users Fear Solvency Concerns Amidst High Layoffs & Withdrawals
Things look grim for Huobi due to a hike in withdrawals from the platform. Users have shared fears regarding the centralized exchange’s solvency capabilities. A major reason behind such fears is reported suggesting layoffs to be conducted by Huobi. In addition, the crypto market has always been prone to rumors, making the situation even worse. Even now, Huobi stands among the top ten crypto exchanges in terms of volume.
