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Tag Archives: HuoBi

Hard Effort to Achieve the Legal Norm for Chinese Crypto Exchanges

Dec 12, 2019

Vincent He

Due to worries about state supervision, the survival desire of Chinese crypto exchanges forced them to take various actions. On the one hand, some exchanges have taken measures to focus on preventing relevant risks, including stopping non-compliance business like altcoins, relocating offices or e...

Huobi Upgrades HUSD to USD-pegged HUSD Token

Jul 18, 2019

Vincent He

Top cryptocurrency exchange Huobi is upgrading its current HUSD solution, transitioning it from a stablecoin basket to a new, USD-pegged stablecoin, HUSD Token. Huobi is going to move from using its HUSD token in the existing stablecoin-based system to a system that will see it...

Huobi Burns 116 Percent More Tokens Amid Quarterly Revenue Gains

Jul 16, 2019

Vincent He

Huobi, a major Chinese cryptocurrency exchange, has taken steps to reduce the supply of the token that powers its decentralized platform, Huobi Token (HT), in a quarterly burning event. The exchange removed 14,011,700 tokens from a 310,318,300 market supply, at a rate that is 116 percent...