The crypto market has recently experienced a wave of liquidations, amounting to nearly $300 million, closely following Bitcoin’s sharp reclaim of the $67,000 mark. This surge in Bitcoin’s value, a stark reversal from its previous downtrend, caught many traders off guard, especially those who had placed bets on the continuation of the market’s decline. Over…
Read more
Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated with full services returning by next week. Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22. In a Nov. 26 blog post, HTX said deposit…
Read more
Source: HTX HTX (formerly known as Huobi Global) announced that deposit services for major chains will be gradually resumed on their platform, beginning today, complemented by an airdrop event as a gesture of gratitude to its users. According to the announcement, HTX has completed the necessary preparations for resuming deposit services. After thorough security checks,…
Read more
The blockchain personality claims that his exchange recorded a profit of $98 million in Q3 2023. Chinese blockchain personality Justin Sun, who also serves as the de facto owner of crypto exchange HTX (formerly Huobi Global), claims that the firm posted a profit of $98 million in Q3 2023. According to the Oct. 26 thread,…
Read more
HTX was drained of 5,000 ETH in late September, and moved swiftly to get the funds back from the hacker. Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether (ETH) bounty after resolving the issue. One of HTX’s hot wallets…
Read more
Huobi’s new name HTX stands for exchange, the blockchain project Tron and the company’s 10th anniversary. Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing the name of the bankrupt exchange FTX. Huobi officially announced its rebranding on Sept. 13, renaming the…
Read more
A recent report by crypto researcher Kaiko reveals that crypto trading liquidity is highly concentrated, with eight major exchanges handling almost 90% of the trading volume. Among these exchanges responsible for the vast majority of volume are Binance, Coinbase, OKX, and Huobi, the Kaiko report said…. Read More: Liquidity in Crypto Markets Highly Concentrated Among…
Read more
In recent weeks, buzz within the crypto sphere has centered on prominent bitcoin and ethereum holders. Some addresses are awash with speculation, while others have earned distinct labels. Interestingly, a handful have purportedly been unmasked, leading to many of the top ten BTC addresses being tagged. The following is a closer peek at the top…
Read more
In a report by the crypto market aggregation web portal Coingecko, Binance retains its crown in the centralized cryptocurrency exchange arena, but not without facing fierce competition and challenges. Binance Leads But Not Without Contenders, Says Coingecko’s Mid-Year Crypto Study According to the Coingecko research report, Binance continues to dominate the centralized cryptocurrency exchange market…
Read more
An obscure exchange with connections to Justin Sun, WhiteBIT, has sparked concerns after advertising a staggering Annual Percentage Yield (APY) of 24.8% to users depositing Tether (USDT) for a year on its lending platform, Protos reported. This rate is five times higher than the average USD money market rate, a glaring red flag for potential…
Read more
