Huobi, a cryptocurrency exchange, has stated that, due to “strategic and product adjustments,” it would no longer provide its Huobi Cloud Wallet service after May 2023. According to a post on Huobi’s help page, the multitoken wallet service will no longer get updates or bug fixes as of February 13.
For many traditional banks, bridging the divide between digital and fiat currencies is a top concern as the crypto industry continues to enter the mainstream. Huobi, a cryptocurrency exchange, has announced that it would create a cryptocurrency-to-fiat debit card in collaboration with Solaris, a European financial services company. Because Visa
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
A recent allegation claims that Huobi Exchange is pressuring its staff to take compensation in USDT/USDC rather than traditional fiat currencies. Further, they are threatened with termination if they object to the proposed manner of payment. Human resources are talking to workers about the same thing. Workers are angry about
According to Chinese journalist Colin Wu, popular cryptocurrency exchange Huobi will lay off a large chunk of its personnel and reduce the compensation of top employees. Reportedly, the business plans to lay off between 600 and 800 workers, down from its current headcount of 1,200, the report said. Furthermore, the
The year 2022 offered great challenges for the crypto industry, suffering from a bearish trend till date. Many significant crisis affected the market by shrinking the prices of all cryptocurrencies, especially the king coin, Bitcoin (BTC). As a result, there is a huge downfall of over $2.2 trillion in the
The List of top 3 gainers for the day as per CoinMarketCap. 1. Huobi Token (HT) Huobi Token (HT) is the native token of Huobi crypto exchange. It is a decentralized token powered on Ethereum blockchain. Being the world-leading cryptocurrency trading exchange, Huobi launched only HT as its official token
Justin tweeted about the new advisory committee’s decision to resurrect the exchange. Huobi Token will also play a major role in the larger restoration strategy. In a meeting on Monday, Justin Sun, a new member of Huobi Global’s Advisory Committee, outlined ambitions to revitalize the cryptocurrency exchange. According to Tron
With the change in ownership came a substantial increase in trading volume. Leon Li will no longer have any say in Huobi Global’s day-to-day operations. On Saturday, Huobi Global said that its founder Leon Li has sold a majority of the company to About Capital Management of Hong Kong. Huobi
