cryptocurrency exchange Archives

Huobi Aims to Obtain 100 Million Users by End of 2023

Cryptocurrency exchange firm Huobi, which oversees a continuously running platform without a single security breach in 10 years of operations, has set a goal of reaching 100 million users by the end of 2023.

Binance Resumes Withdrawals of Stablecoin USDC After Short Suspension

Binance, the world's leading cryptocurrency exchange, resumed stablecoin USDC withdrawals about eight hours after it announced a pause in the service on December 13 while it carried out a "token swap."

Crypto Exchange Coinbase Shuffles Asia-Pacific Team

Coinbase, the first crypto exchange to go public on a US stock market, on November 30 announced leadership changes to its Asia-Pacific team, following its focus on Singapore as a tech hub last year and obtaining recent regulatory approval in the country.

Huobi Partners With Tron to Launch First National Token in Dominica

In order to advance the global development of Web3 and the metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world's first national token, the Dominica Coin (DMC).

Huobi Launches Refreshed Brand, Unveils Post-Acquisition Global Expansion Roadmap

Crypto exchange Huobi Global launched a refreshed branding strategy on November 22, under which it will now simply be known as "Huobi." The brand upgrade also came with the unveiling of a global expansion roadmap since it was acquired by About Capital Buyout Fund last month.

Binance Takes Lead in Size of Bitcoin Reserves

Data from analytics site CryptoQuant recently revealed that Binance has surpassed Coinbase Pro, a leading crypto exchange platform, to reach the top rank in terms of Bitcoin reserves on the exchange for the first time.

Hong Kong-Based Crypto Exchange Bitcoke Suspends Withdrawals Due to Investigation of Financial Officer

BitCoke, a Hong Kong-based crypto exchange, suspended withdrawals from 13:00 on November 13 local time due to a police investigation into its financial officer.

Crypto Exchange Binance to Acquire Rival FTX, Drawing Antitrust Concerns

Crypto giant Binance said on November 8 that it has signed a non-binding letter of intent to fully acquire its rival FTX, helping to cover a liquidity crunch. Binance was the first investor to back FTX.

Who Is Responsible for the GALA Token Incident?

The price of a GALA token on crypto exchange Huobi recently plummeted to nearly zero, stemming from a maneuver carried out by pNetwork, which locked up GALA on the Ethereum blockchain and re-minted it as "pGALA" on the Binance Smart Chain.

Huobi Denies Mass Layoffs and Departure of Executives

Reports have emerged claiming that the former CEO and CFO of Huobi, a crypto exchange that has been purchased by a Hong Kong-based investment company, have resigned, and that large-scale layoffs will be carried out. However, this report was then denied by company officials.

Justin Sun Is Reportedly the Core Investor of Huobi Acquirer About Capital

Justin Sun, a Chinese cryptocurrency entrepreneur and the founder of Tron, a blockchain DAO ecosystem, is reportedly the core investor of Hong Kong-based investment company About Capital Management, which recently purchased crypto exchange Huobi Global.

Binance’s BNB Chain Resumes Activity after Exploit Drained $100M

BNB Chain, the native blockchain behind Binance, resumed operations on October 7 after reports indicated a hacker made off with an estimated 2 million BNB tokens by exploiting a vulnerability in the network.

Crypto Exchange Huobi Acquired by About Capital, Founder Steps Down as Shareholder

Huobi Global, a leading crypto exchange, has agreed to be purchased by Hong Kong-based investment company About Capital Management (HK) Co., Limited. Leon Li, Founder and CEO of Huobi, will no longer serve as the shareholder and actual controller of the company.