Huobi on Frontline of Crypto Adoption in Hong Kong amid New Digital Assets’ Policy Implementation

Huobi was named among other Web3 startups by the Hong Kong Virtual Asset Consortium (HKVAC) to help establish a virtual asset index and a virtual asset exchange rating. Bitcoin, Ethereum, and other top digital assets are slowly creeping into the Eastern Asia market as demand rises amid high inflation. In the latest developments, Hong Kong, … Read more

Huobi Ordered to Cease Operations in Malaysia after Failure to Comply with Local Regulations

The Malaysian SC has urged the local investors to immediately cease trading via Huobi Global, withdraw their investments, and close their accounts. A leading centralized crypto firm Huobi Global Limited and its Chief Executive Officer Leon Li have been accused of operating a digital asset exchange in Malaysia without registration. As a result, the Securities … Read more

Huobi Realizes $30 Million Q1 2023 Profit amid Restructuring Plans

Following its Q1 2023 profit, Huobi expects an even bigger net income haul of $110 million for the second quarter. Crypto exchange Huobi reportedly made a tidy $30 million in profit for Q1 following a restructuring. The Seychelles-based company’s return to profitability came after cutting down its workforce and benefits accruable to employees. According to Huobi … Read more

Binance Turned Down Justin Sun’s Offer to Buy His Stake in Huobi

Justin Sun has denied the rumors of a proposal to crypto exchange Binance for acquiring his part of the stake in Huobi Global. Sources familiar with the matter said that the world’s largest crypto exchange Binance recently turned down an offer to acquire Justin Sun’s ownership in crypto exchange Huobi. The sources further added that … Read more

Huobi Token (HT) Experiences a Flash Crash But Swiftly Recovers

Interesting price action was experienced in Huobi Token over the past 24 hours in which the digital currency, native to the Huobi Global exchange experienced a flash crash with its price dropping by as much as 93%. In what is considered a very rare event, the digital currency rebounded at almost the same rate within … Read more