India banned crypto exchanges that didn’t comply with FIU guidelines, but market experts point to a lack of regulatory clarity and high taxation, forcing crypto traders to rush to foreign exchanges.
Huobi News
Huobi is a Chinese web-platform for cryptocurrency exchange and the second largest in the country. It was founded by Leon Li in 2013. Huobi has gained popularity following the closure of BTCC. All popular fiat and cryptocurrencies are available, but the main pair here is BTC/CNY. The official website has 10 languages. The average amount of trading per day reaches 127,000 BTC, which makes the Huobi exchange the third largest in the crypto industry. Recently, it was announced that Huobi will be issuing their own token developed by the company’s programmers as an extra tool for paying Huobi fees and to make transactions easier, faster and more convenient. The Huobi coin can be bought only on the platform for BTC, BTH, ETH, ETC, LTC and USDT.
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India’s Financial Intelligence Unit is requesting to block the URLs of Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.
6525The ruling only applies to the use of the trademark in Hong Kong until a final decision is issued at trial.
5231The Justin Sun-linked crypto exchange HTX had $258 million in outflows after a $30 million exploit in November.
3462The Financial Conduct Authority warns that the crypto exchange is operating without proper authorization.
1883Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated, with full services returning by next week.
6421”Huobi HTX has now properly handled this attack,” the crypto exchange stated.
32371Justin Sun’s cryptocurrency exchange HTX has been hacked twice since rebranding from Huobi in September 2023, raising questions from the crypto community.
6633The incident affected the greater HTX, Tron and BitTorrent ecosystem.
17981The FCA’s list of registered crypto asset providers includes 42 entities and hasn’t changed since August.
16594HTX was drained of 5,000 ETH in late September and moved swiftly to get the funds back from the hacker.
10430To minimize the damage, HTX proactively offered 5% of the drained funds as a “white-hat bonus,” which would amount to nearly $400,000.
4209HTX crypto exchange has been hacked, but it claims to know the identity of the attacker.
9472The name HTX represents the exchange, the blockchain project Tron and the company’s 10th anniversary.
9887According to key CEX players, success in the crypto industry hinges on adapting to client needs, navigating regulatory changes and prioritizing mass crypto education.
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