Category: Huobi

Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company

Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company

According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is reportedly looking to sell a large stake in the digital assets company. Colin Wu […]

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Huobi Slaps Former Senior Manager With Civil Lawsuit: Report

Huobi Slaps Former Senior Manager With Civil Lawsuit: Report

According to a Financial Times report, Huobi has filed a civil lawsuit against a former senior manager – Chen Boliang. The then-senior supervisor in the crypto exchange’s institutional purchasers division is now being prosecuted in Hong Kong. Accusations have been leveled against him of fraudulently creating a retail trading account in his father’s name and […]

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Binance Suspends Direct Deposits and Withdrawals in Brazil

Binance Suspends Direct Deposits and Withdrawals in Brazil

Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country and that it will be taking legal steps against it. However, the partner states that Binance did not […]

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Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks

Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks

Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with the objective of making a “better, more […]

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Huobi Launched $1 Billion Investment Vehicle Focused on Web 3 and DeFi

Huobi Launched $1 Billion Investment Vehicle Focused on Web 3 and DeFi

Huobi, the near-decade-old cryptocurrency veteran, has established a new investment arm, called Ivy Blocks, that will focus on supporting the growing ecosystems of decentralized finance and Web 3-based blockchain protocols. The official press release reads that the new feature will “focus on identifying and investing in promising blockchain projects to help unlock their growth potential, […]

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Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges

Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges

Amid the market carnage tied to Terra’s recent fallout, bitcoin sent to exchanges saw a brief spike on May 7, jumping more than 2% higher from 2.481 million to 2.532 million bitcoin. Despite the recent increase of bitcoin sent to trading platforms, the number of bitcoins on exchanges today remains lower than ever before. Bitcoin […]

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Huobi Co-Founder: We’re at Early Stage of Bitcoin Bear Market, Next Bull Run Expected in 2024

Huobi Co-Founder: We’re at Early Stage of Bitcoin Bear Market, Next Bull Run Expected in 2024

The co-founder of crypto exchange Huobi has shared his view about the current state of the bitcoin market and when the next bull run will be. “We are now at the early stage of a bear market,” he said, expecting the next bitcoin bull market to be around the end of 2024 or the beginning […]

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JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility

JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility

Leading investment bank JPMorgan has changed its view on the estimate of bitcoin’s price on a long-term basis. The institution had estimated a long-term price of $146K back in November when bitcoin was over $60K. One of the most important reasons for this change has to do with the increased volatility the asset has faced […]

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US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position

US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position

Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. […]

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