Category: Huobi

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Today in Crypto: ‘Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls’, Huobi Moving from Singapore to Hong Kong, Swarm Launches Tradable Stocks and Bonds On-chain

February 22, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: ‘Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls’, Huobi Moving from Singapore to Hong Kong, Swarm Launches Tradable Stocks and Bonds On-chain  Read…
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Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes

February 20, 2023

The cryptocurrency exchange recently cut 20% of its staff, but now it will increase its personnel in Hong Kong from 50 to 200. Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong as the Chinese special administrative region considers new licensing and regulatory moves that would allow it to serve retail customers. The new…
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FTX Cautions Public About Fraudulent ‘Debt Tokens’ and Scams Alleging Association with the Insolvent Exchange – What’s Going On?

February 20, 2023

The bankrupt crypto exchange FTX has warned the public about tokens issued by groups who claim to be working on its behalf. In a tweet posted by the debtors who now control the FTX bankruptcy estate, crypto investors were urged to be “on alert for scams from entities claiming to be affiliated with FTX.”… Read…
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FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange

February 20, 2023

On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a…
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Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea

February 17, 2023

Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s Horizon Bridge. North Korea-Linked Crypto Frozen by Binance and Huobi Blockchain analytics firm…
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Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey

February 9, 2023

Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations for a charity organization. Leading Exchanges Commit to Supporting the Victims of the Earthquake in Turkey…
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Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn

February 5, 2023

Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.” Protocol…
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Protocol Labs, Chainalysis and Bittrex add to crypto layoff season

February 4, 2023

Crypto execs suggested that the “extremely challenging” times forced them to cut jobs in order to “weather this extended” crypto winter. Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.” At least 216 jobs were slashed between three crypto firms…
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Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

January 28, 2023

The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport Lays Off 10% of Staff as Crypto Winter Continues Jihan…
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Examining the Holdings of 5 Centralized Crypto Exchanges: A Look at Binance, Okx, Crypto.com, Bitfinex, and Huobi

January 22, 2023

After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some insight into the large sums of cryptocurrency held in custody by…
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