Showing 12 of 16 posts with this tag
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.
Jun Du, the co-founder of crypto exchange Huobi, has been appointed as the executive director and CEO of New Huo Tech, leading the Hong Kong-listed one-stop crypto asset service platform to further diversify its digital asset business in the future.
News emerged on August 29 that crypto exchange FTX has officially acquired its competitor Huobi and will change its name to HTX. However, this rumor was denied by FTX's founder and CEO Sam Bankman-Fried.
Huobi, one of the world's leading crypto exchanges, on September 6 terminated trading services for seven privacy tokens, which will begin to be delisted on September 19 in order to achieve compliance with tightening financial regulation around the world.
On March 22, SEC filed a formal lawsuit against Justin Sun, the founder of Tron, as well as three of his wholly-owned companies. The charges against them include accusations of selling securities illegally, engaging in fraud, and manipulating the market.
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.
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.
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).
HUSD, an Ethereum network-based stablecoin issued by Stable Universal Limited, has become the latest cryptocurrency to lose its parity with the U.S. dollar, tumbling by as much as 14.7% on August 18.
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.
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.
This week: Tencent halts sales on its NFT platform Huanhe amid regulatory scrutiny, Huobi founder to sell majority stake in the exchange at a $3 billion valuation, China shuts down 12,000 crypto-related social media accounts, and more.