It has already been a tough few months for the crypto industry and nobody is feeling that more than crypto-related employees who have been dropping like flies in recent weeks. Canadian based cryptocurrency exchange Coinsquare is the next crypto firm to lay off workers as the market goes through difficult times. Coinsquare has reportedly laid … Read more
By CCN.com: Throughout 2018, cryptocurrency exchanges posted record profits, raking in hundreds of millions of dollars in trading fees even as the bitcoin price plunged as much as 80 percent from its all-time high. However, as the crypto bear market extends into 2019, cracks are beginning to form in the hull of this once-impervious industry … Read more
Launched in November, Huobi’s crypto derivatives market is growing at a rapid pace. Fifteen days ago they revealed they had hit $10 billion in total volume, and today they announced they’ve seen $20 billion. In a note provided first to CCN.com, Huobi describes the timeline of the Derivatives Market in this way: November 21: Huobi … Read more
HBUS, which has been the exclusive US partner of giant Chinese crypto exchange Huobi, will now be called by the same name. The rebranding includes a change in domain names for both companies. Huobi’s global platform will move to hbg.com, while HBUS will use Huobi.com. This change will probably throw people off for some time. US … Read more
Huobi Pool will launch a dedicated EOS exchange early in 2019 allowing users to trade EOS against “a number” of yet to be revealed cryptocurrencies. The cryptocurrency mining arm of Huobi Group, Huobi Pool, is already an EOS supernode and works closely with EOS. Other collaborative projects include the Crypto Kylin Testnet, an EOS test … Read more
The source for this article wishes to remain anonymous. He is one of the multiple sources this reporter has spoken to recently. All of them are relatively large-scale traders who have used Paxos Standard. They are a group of five traders. They trade in the millions of dollars per week via multiple exchanges including Binance … Read more
A blockchain data research firm has released a damning report which accuses several major cryptocurrency exchanges of engaging in unscrupulous activities aimed at faking bitcoin trading volumes. According to the Blockchain Transparency Institute (BTI), only three cryptocurrency exchanges of the dozens surveyed — namely Binance, Bitfinex, and Liquid — were found not to be “grossly … Read more
For some, perhaps the only thing better than a stablecoin is a universal stablecoin – one that’s usable wherever stablecoins are accepted. That’s what Huobi has launched in its new HUSD token, which supports four major stablecoins: Gemini Dollar, Paxos Standard, USDCoin, and True USD. The function is simple enough – by holding HUSD, users … Read more
Changpeng Zhao, the CEO of Binance, has officially stated that the company does not charge 400 bitcoin ($2.5 million) to list cryptocurrencies on its platform. Legitimacy of the Claim Last week, cryptocurrency researcher Christopher Franko claimed that Binance, the world’s largest digital asset exchange, has been charging cryptocurrencies a listing fee of 400 BTC to … Read more
Chinese cryptocurrency exchange Huobi announced this week that trading has begun on its newly-launched platform in Australia. Huobi’s global push is no surprise, as most crypto exchanges have been pursuing untapped markets in a bid to grow their user bases. The exchange — now based out of Singapore, with offices in Canada and Brazil — said trading … Read more