The founder of China’s Huobi Group, which runs one of the world’s largest cryptocurrency exchanges, is reportedly in talks with investors to sell his almost 60% stake in the trading platform. Leon Li selling his majority stake in the crypto exchange could be the industry’s largest takeo...
The Chinese holding company that once provides marketing data, technology and solutions but later started crypto mining is now about to run its own crypto exchange. SOS Limited, formerly known as China Rapid Finance Limited, says its US and Canadian subsidiaries have obtained money s...
Cryptocurrency exchange OKEx published the announcement introducing that it’ll resume what it describes as an “unrestricted withdrawal on November 27. The native token OKU slides by 30% with the price dropped from $6.5 to even less than $5 during the 35 days after OKEx suspended th...
Data from CyptoQFuant and Glassnode shows great quantities of Bitcoin from Huobi is flowing into the Binance. The bitcoin outflow of Huobi and the inflow of Binance have both hit records since this year. Bitcoin also showed the same trend of fleeing from Binance to Huobi when Binance ...
Shareholders of Bithumb, South Korea's largest crypto asset exchange, are trying to sell all of their shares, and its Chinese peer Huobi is one of the enterprises that are interested in taking it over, according to local media Bell reported. Source said that Huobi plans to carry out cr...
Cryptocurrency exchanges flying flags of convenience is sure to annoy China’s regulators and may no longer be a viable business strategy. It has been almost a month since OKEx, one of the biggest cryptocurrency exchanges in the world, suspended its token withdrawal services to its customer...
Hong Kong SFC lays out plan to regulate cryptocurrency exchanges to allow only institutional money. But retail users likely won't be deterred. Hong Kong’s Securities and Futures Commission chief, Ashley Alder, kicked off a firestorm during Hong Kong FinTech Week by announcing a...
On Day 2 of Hong Kong Fintech Week 2020, Hong Kong’s Securities and Futures Commission (SFC) announced that all crypto asset trading platforms operating or targeting local investors in Hong Kong are required to apply to the SFC for licenses. “In order to comply with the regula...
Robin Zhu, COO of Huobi, one of the most prominent Singapore-based cryptocurrency exchanges was under investigation by the Chinese police following Huobi’s native token – HT’s price saw a steep depreciation coinciding with the news of the exchange’s execs. Over the last day, HT...
On October 10, the Ministry of Public Security of the People's Republic of China held a conference on cracking down on new types of illegal crimes in telecommunication networks. Du Hangwei, Vice Minister of public security said bank cards is an important source of the continuous high inc...
English
Chinese
