This week, we look at Huobi (HT)’s efforts to counter bankruptcy speculation, Cathie Wood’s firm predicting a BTC ETF in 2021, and the rise of Pomerdog (POMD)’s presale. Most notable is the Pomerdoge project, which stands to disrupt the meme market with its P2E platform. Let’s break down each story.
Huobi founder Li Lin claims that the cryptocurrency exchange is in violation of the terms of the purchase agreement by making use of the Huobi brand. X-Spot Co. Limited, owned by Li Lin, reportedly sued Huobi Global for trademark infringement at the High Court of the Hong Kong Special Administrative
Huobi HK has filed for a virtual asset exchange license and now offers spot trading & virtual assets custodian services in Hong Kong. According to a post on Twitter, the exchange filed an application notice with the Hong Kong Securities and Futures Commission (SFC) on May 29. Before delivering their
On Monday, the Securities Commission of Malaysia (SC) said that it has filed charges against Huobi Global Limited and its CEO, Leon Li, for illegally running a DAX. The crypto exchange was urged by the Commission to remove access to its website and mobile app in the nation. The Malaysian
The AI-generated memecoin named TURBO is now trending on Twitter with 1.63 million tweets. Currently, this memecoin has traded more than $100M tokens in the last 24 hours which is considered a massive leap. Furthermore, CoinMarketCap reports that TURBO is priced at $0.001309 with a massive increase accounting for 304.85%.
Tron Founder Justin Sun is in the discussion of selling some of the stakes in the crypto exchange Huobi Global. Notably, Justin Sun offered to the U.S. government to buy the seized 41K Bitcoin. He purchased the crypto exchange for $1 billion last year after the entire shareholders and co-founders
Singapore, Singapore, 21st February, 2023, Chainwire TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH) with a pilot program allowing organizations to mint TCNH, announced that it is now available on Huobi, where users can trade it through the TCNH/USDT pair. Huobi is the first exchange to support TCNH after
Huobi Global, Justin Sun’s cryptocurrency exchange, has been said to be having financial difficulties and is facing a number of obstacles. As a momentous turn of events, Huobi’s branch in South Korea, Huobi Korea, reportedly opted to split out from the parent company. Furthermore, Huobi Korea reportedly wants to go
Net withdrawals from Huobi Global were $60.9 million in under 24 hours. An increase in withdrawals was seen when rumors on social media circulated that Huobi was firing off personnel. Today, Justin Sun said that 20% of Huobi’s workforce will be terminated. Large amounts of USDT, USDC, and ETH are
Huobi Token (HT), the native token of the Huobi Global exchange, has currently witnessing a dramatic price fall in the global cryptocurrency market. According to CoinMarketCap (CMC), the price of Huobi is now massively plummeting, with a 24 hours price change of 6.2%. During the past few days, Huobi Token
