HUOBI
Crypto exchange HTX barred from promoting services in UK
Regulators and authorities around the world have for years warned that nascent crypto markets - which are generally less regulated than mainstream financial markets - present risks to investors.
UK regulator asks social media firms to block crypto exchange HTX
Britain's markets regulator said on Tuesday it had asked social media companies and app stores to block access to crypto exchange HTX in the UK.
UK regulator sues crypto exchange HTX over unlawful promotions
Britain's markets regulator has filed a lawsuit against HTX, a global crypto exchange advised by Chinese entrepreneur Justin Sun, accusing it of unlawfully promoting crypto asset services to UK consumers.
Binance, Kucoin get FIU nod to register and trade in India
The Indian government's Financial Intelligence Unit (FIU) has approved the registration applications of offshore cryptocurrency exchanges Binance and Kucoin as Virtual Asset Service Providers (VASPs) to operate in India. Kucoin, after paying a penalty of ₹35.5 lakh for past non-compliances, had its ban lifted. However, Binance's penalty amount is still being calculated. FIU guidelines require a principal compliance officer to register with FIU, India, but do not mandate offshore entities to establish a separate business in India.
Google removes Binance, other offshore crypto apps from Play Store
Less than 24 hours after access to web platforms of crypto wallets such as Binance was cut off for Indian users, theirapps were also taken down from Google Play Store..
Two crypto firms linked to Justin Sun lose $115 million after hack: Report
Two cryptocurrency firms associated with high-profile digital entrepreneur Justin Sun were hacked in two exploits that might have stolen up to $115 million to date, the media reported.
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Crypto week at glance: Markets turn volatile amid ongoing debt ceiling discussions and rising inflation
Bitcoin has seen a decline of 9% in its month-to-date performance. Currently, BTC faces a resistance level at US$26,471. If the price manages to close near this level, it could potentially pave the way for further upward movement towards the US$26,600 and US$27,000 levels.
Crypto exchange Huobi says withdrew funds from failed US banks
Funds that had been placed with Signature were also withdrawn and sent to other financial institutions, the spokesperson added.
Bitcoin set for worst week since FTX crash on regulation, rates
The largest token fell as much 2.1% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on Thursday. Ether added to losses and smaller coins like Solana and Cardano struggled for traction.
Crypto.com to cut 20% jobs as industry rout deepens after FTX collapse
The layoffs at Crypto.com would be its second in about six months, after it reduced jobs in July last year to weather the macro economic downturn amid rising interest rates.
‘Spectacular’ trading drop plagues still-reeling crypto market
The crypto industry is still wobbling following the fallout of the FTX empire, and market-watchers are wary of more adverse developments around other major participants. Broker Genesis laid off roughly 30% of its workforce in recent days, another signal of how much the industry is being shaken by recent events.
‘Spectacular’ trading drop plagues still-reeling crypto market
Meanwhile, a “Liquid Tradeable BTC” proxy tracked by Arcane Research has slid to June 2020 lows, and exchange balances have fallen to 12% thanks to a rise in self-custody, the company said in a report compiled by Bendik Schei and Vetle Lunde. This, they say, has direct implications for Bitcoin liquidity because fewer coins available to trade can mean more volatility.
Crypto exchange Huobi to lay off 20% of staff
Sun, a Chinese cryptocurrency entrepreneur who is also a member of Huobi's global advisory board, said in an internal memo to Huobi staff that the company has been like "a fire in the (crypto) winter" despite the deteriorating macro environment.
Cryptocurrencies fall after FTX-Binance turmoil spooks investors
The proposed deal between high-profile rivals followed week-long speculation about FTX's financial health that snowballed into $6 billion of withdrawals in the 72 hours before Tuesday's deal, raising questions about the solvency of one of the world's largest crypto exchanges.
Samvat 2078: A roller coaster ride for cryptos with ample hiccups
However, at least in the short term, the probability of such an occurrence is slim as international views contradict one another. At one end of the spectrum, we have El Salvador and the Central African Republic, which said, "Bitcoin is an official currency." In contrast, China mentions, "Crypto transactions are illegal."
Web3 Infra token Pocket get to be listed on global exchange KuCoin
Pocket Network said it was experiencing exponential growth, with the number of monthly data relays being serviced by its node runners more than tripling since the beginning of the year, and the network regularly handling more than one billion daily relays.
Bitcoin slips below $60,000 on profit-taking
Bitcoin, the world's largest cryptocurrency, fell as much as 3.7% to $58,100, its lowest since Oct. 15. It has lost 12.1% since it hit an all-time high of $67,016 on Oct. 20.
Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown
Shares in crypto-related firms tumbled on Monday with crypto asset manager and trading firm Huobi Tech plunging 23% and OKG Technology Holdings Ltd, a fintech company majority owned by Xu Mingxing, the founder of cryptoexchange OKcoin, losing 12%.
Crypto-linked stocks plunge in Hong Kong, bitcoin steadies
Shares of crypto asset manager and trading firm Huobi Tech, an affiliate of Huobi Global, one of the world's largest exchanges, fell more than 30% after the opening bell.
Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown
Huobi Global and Binance, two of the world's largest exchanges and popular with Chinese users, have stopped new registrations of accounts by mainland customers. Huobi also said it would clean up existing ones by the end of the year.
Cryptocurrency exchange Huobi to clean up existing mainland clients by end-2021
China's regulators intensified a crackdown on Friday, banning cryptocurrency transactions and mining, clarifying that overseas exchanges are barred from providing services to mainland investors via the internet.
What are 51% attacks in cryptocurrencies?
'51% attack', which has evolved in recent years and has been quite successful. Numerous 51 per cent attacks have taken place in recent years. In August 2021, Bitcoin SV (BSV) slid about 5 per cent value after an attack.
Crypto miners halt China business after Beijing cracks down, bitcoin tumbles
A State Council committee led by Vice Premier Liu He announced the crackdown late on Friday as part of efforts to fend off financial risks. It was the first time the council has targeted virtual currency mining, a big business in China that accounts for as much as 70 per cent of the world's crypto supply.
Crypto miners halt China business after crackdown, bitcoin tumbles
Bitcoin took a beating after China's crypto-mining ban and is now down nearly 50% from it's all-time high. The latest shakeout in digital currencies also stems from tighter scrutiny in the United States.
China-backed crypto guru wants to unify the world’s blockchains
Connecting fragmented blockchains is key to moving the technology underpinning cryptocurrencies like Bitcoin beyond just trades and speculation.
Cryptocurrency companies use 'backdoor' listings to ease into mainstream
The effort is all about trying to legitimise digital currency operations and the reputation.
Summer of bitcoin ending badly as China clamps down on trading
Bitcoin has dropped as much as 40% since reaching a record high of $4,921 on Sept. 1.
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