Chinese Crypto Exchanges Contends for Crypto Futures Trading Dominance

Aug 19, 2019

Most Chinese crypto exchange giants are scrambling for crypto futures trading dominance. The competition urges exchanges to iterate over the user experience and risk control of crypto futures products. In July, Binance, the world’s largest cryptocurrency exchange by trading volume announce...

Contract Transaction Issues of Crypto Exchange Huobi Caused Widespread Concern

Aug 16, 2019

Actual condition of Huobi contract transaction caused widespread doubt after Huobi announced in Weibo that it has been the leader in contract transaction volume and depth of trading all over the world. The volume and depth of contract transactions is only an official statement, as the user's...

How to Protect Ourselves Against Frequent Crypto Exchange Attacks?

Aug 14, 2019

Past few years have witnessed the frequent crypto exchange attacks, causing many of its customers to lose confidence. With more cyberattacks projected to occur in the future, many traders are starting to lose their nerve. The attacks are putting a spotlight on an area many investors are worrie...

Mineable Coins are Rock Stars for Emerging Crypto Exchange in China

Aug 12, 2019

Since the second half of 2019, "hundreds-fold coin" has been closely linked with "mineable coin". Mineable coins now are popular in emerging crypto exchange in China. As the second quarter of 2019 marks an end, statistics show that mineable crypto assets are the most valued digital currencies...

New Tech to Make Individual Crypto Transactions KYC-Compliant From Wallets

Aug 10, 2019

If more exchanges adopt a new technology that makes the know your customer (KYC) process to be embedded in each users' wallet, then the days of questioning whether Virtual Asset Service Providers (VASPs) are KYC/AML compliant may be over soon. The technology, which could also ...

Huobi Upgrades HUSD to USD-pegged HUSD Token

Jul 18, 2019

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

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...

Potential Risks to Matrixport, a Competitive Crypto Startup Launched by Bitmain Co-founder

Jul 10, 2019

Former Bitmain CEO and bitcoin billionaire Jihan Wu has officially been tied to the launch of Matrixport, a new crypto startup that will offer over-the-counter (OTC) trading in Asia. There is no doubt that Matrixport will compete with global exchanges to offer professional and ins...

CoinMarketCap Transparency: 70% of Exchanges Complied With Exchange Data Request

Jun 19, 2019

Leading cryptocurrency data provider CoinMarketCap has announced that 70.3 percent of the exchanges listed on its platform have complied with its mandatory exchange data requests aimed at boosting transparency in trade volume reporting. 95 percent of the trade volumes reported by CoinMarket...

Crypto Exchange Bitfinex Rakes in $404 Million in 2018 with 60 Employees

May 6, 2019

Cryptocurrency exchange Bitfinex has raked in a net profit of more than $400 million in 2018, up nearly 25% from the previous year, according to data provided by its shareholder Zhao Dong. Bitfinex has made headlines these days after the New York State’s Attorney General’s office ac...