X-Spot triumphs in legal battle over ‘Huobi’ trademark
In a landmark case that has caught the attention of the global cryptocurrency community, X-Spot Global Limited, led by Leon Li, co-founder of the prominent Huobi Global exchange (now HTX), has emerged victorious in a high-stakes legal tussle over the use of the “Huobi” trademark in Hong Kong. This development marks a significant shift in […]
Huobi token activities stir concerns amidst large USDC transfers
Recent findings by Kaiko Research have brought to light unusual activities involving the Huobi Token, previously known as HTX. Significantly, a massive conversion of Tether (USDT) into USD Coin (USDC) has been observed over the last three months. Moreover, following these conversions, large transfers of USDC were sent directly to Binance, hinting at a close […]
HTX Global faces $7.9M loss in major security breach
HTX Global, a renowned cryptocurrency exchange, reported a loss of $7.9 million. The vigilant monitoring system of Theo CyversAlerts first flagged this incident. Consequently, concerns about the safety of bitcoin exchanges are now more pronounced than ever. Huobi Global, another major player in the Bitcoin industry, was involved in a transaction with HTX Global. However, […]
Huobi exchange rebrands as HTX, charts a cryptocurrency evolution
Huobi Exchange officially rebranded itself as “HTX” on September 13th, marking a significant shift in its identity and goals. This rebranding is more than just a name change; it’s a strategic evolution aimed at shaping the future of cryptocurrency trading. The “H” in HTX pays homage to Huobi’s illustrious history, acknowledging the platform’s remarkable journey […]
Huobi receives $200M USDT and $9M Ether amid suspicious account activity
On-chain data shows that Huobi recently received two substantial transactions from a whale, increasing the exchange’s reserves of both USDT and Ether. The initial transfer, amounting to $200 million worth of USDT, occurred on August 6. Subsequently, the same entity conducted a second transaction involving 5,000 units of Ether (ETH), valued at $9.15 million. Adam […]
Huobi’s Token burn strategy skyrockets user confidence in Huobi Token (HT)
Hong Kong-based cryptocurrency exchange Huobi recently expressed gratitude to loyal users for their unwavering support and confidence in Huobi Token (HT). In a newly released report, Huobi highlighted significant developments, including a groundbreaking token burn in the second quarter of 2023. A remarkable 298,940,224 HT has been burnt by Huobi as of July 15th, 2023, […]
Huobi fixes data breach involving sensitive information for 4,960 users
Crypto exchange Huobi has fixed its data breach after a massive data leak that allegedly put users’ funds at risk since June 2021. The data leak had information on almost all the over-the-counter (OTC) transaction information from 2017 to 2021, with some of the data being VIP user data and information on the technical infrastructure […]
Securities Commission halts Huobi exchange operations in Malaysia
The Securities Commission (SC) in Malaysia has recently cracked down on Huobi exchange, a Seychelles-based cryptocurrency exchange founded in China. As a result, the Malaysian regulatory watchdogs have ordered Huobi exchange to cease its operations in the Asian country immediately. The Securities Commission has taken decisive action by seizing control of the Huobi website and […]
Tron founder dismisses rumors that Huobi is trying to raise funds from stake buyers
According to the latest Bloomberg article, Tron founder, Justin Sun, the “adviser” at Huobi Global exchange, has been negotiating the sale of a stake in Huobi to raise funds. Sun purchased the top cryptocurrency trading platform in the fall of last year. Bloomberg obtained the details from a person who asked to remain unnamed. They […]
Huobi Global partners with Gala games to develop Web3 ecosystem
Huobi Global, a leading cryptocurrency exchange, has formed a strategic partnership with Gala Games, a blockchain-based play-to-earn gaming platform. As announced in an official blog post on March 31, the two companies will collaborate to invest and list projects within the Gala ecosystem as they strive to expand the Web3 space. Gala Games supplies its […]
Binance and Huobi team up to recover 124 BTC from Harmony One hackers
Hackers have kickstarted 2023 with major hits. According to recent reports, the security teams of crypto exchanges Binance and Huobi collaborated to freeze and recover 124 Bitcoin stolen by hackers using the Harmony bridge exploit. The CEO of Binance, Changpeng Zhao, has recently disclosed an attempt to exploit funds using his official Twitter account. Binance […]
Huobi and Solaris introduce Visa-backed debit card in the EU
Visa has joined forces with Huobi and Solaris to allow European users to pay for transactions from their cryptocurrency account using a Visa-backed debit card. With the emergence of Blockchain technology, providing different payment options that accommodate both traditional and digital currencies has become a priority for many financial institutions. To stay ahead in this […]
Huobi’s withdrawal rates decline despite Tron’s USDD recent slide
Despite Tron’s USDD stablecoin plummeting in price, data from Nansen revealed that withdrawals on Huobi declined yesterday. Desperate to save their funds, Huobi’s customers withdrew an astonishing $60.9 million in 24 hours on Friday right after news of the exchange reduced its staff by 20%. Justin Sun deposits $100 million worth of stablecoin into Huobi […]
Huobi net outflows surpass $60 million in the last 24 hours
In the last seven days, crypto exchange Huobi had a net outflow of over $94.2 million. Nansen’s analytics report indicated that within just 24 hours alone, roughly 60 million dollars abandoned this platform. Huobi’s surge in net outflows was due to rumors of staff layoffs and financial instability Nansen’s report uncovered that a considerable portion […]
Huobi Technology Unveils Hackathon with $1,000,000 Pool Prize
TL;DR Breakdown Huobi Tech and NEXTYPE launch Hackathon GameFi to serve as a channel to Metaverse Huobi Technology, a Hong Kong-based company, via press release today, informed the public of the unveiling of a GameFi hackathon done in conjunction with NEXTYPE. The project which presents a pool prize of one million dollars was also confirmed […]
