HTX’s Hong Kong subsidiary has taken down its application to run a “virtual asset trading platform” that provides retail trading services, according to the website of the relevant regulator. According to the South China Morning Post, which cited the Securities and Futures Commission’s list of license applicants, HBGL Hong Kong
Justin Sun, the advisor of Huobi Token (HT) and founder of TRON, announced today the burning of 20 million HT tokens, valued at a staggering $60 million. This move marks a pivotal moment in HT’s history, signaling a significant reduction in circulating supply, with only 134 million HT remaining in
Lookonchain, a provider of blockchain analytics and insights, claims that the hacker who broke into HTX Global (previously Huobi) has restored all of the stolen funds. HTX Global received a total of 4,999 Ether (ETH) worth $8.2 million in refunds. Last week, an unknown hacker breached the crypto exchange’s security,
According to a report published by blockchain analytics company Cyvers, HTX (previously Huobi Global) crypto exchange was compromised on September 24. The hack has resulted in the loss of $7.9 million worth of cryptocurrency. A Chinese message was sent to the hacker through a Huobi hot wallet. The exchange claims
In a contentious marketing effort for its 10th anniversary, crypto exchange Huobi is changing its name from “Huobi” to “HTX.” The name change was announced by Huobi on September 13. The “H” stands for Huobi, the “T” for Justin Sun’s Tron blockchain project, and the “X” stands for the exchange
Huobi, a cryptocurrency exchange, has informed its customers that the recently introduced PayPal (PYUSD) stablecoin would be available for trading on their platform on September 7th. The release states that PYUSD deposits will begin at 03:30 (UTC) today, while PYUSD spot trading pairings (such as PYUSD/USDT, BTC/PYUSD, and ETH/PYUSD) will
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.
Within the first day of its release, the Paxos-issued PayPal USD (PYUSD) stablecoin was listed on the Huobi cryptocurrency exchange, led by Justin Sun. The PayPal USD (PYUSD) stablecoin, was launched on Monday by PayPal and is tied to the US dollar. Huobi, the world’s largest cryptocurrency exchange, made the
Fears of bankruptcy and reports that Chinese authorities are investigating Huobi’s management led to $64 million in withdrawals during the weekend. Total value locked (TVL) on the exchange fell to $2.5 billion from $3.09 billion the previous month as speculations persisted. The top management of the exchange was allegedly detained
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
