Huobi News

Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.

This regulatory crackdown underscores the SFC's commitment to fostering a secure and transparent environment for virtual asset trading.

The creditors' claims were sold for cash to Delaware-based Ceratosaurus Investors LLC.

Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes.

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.

India’s Financial Intelligence Unit is requesting to block the URLs of Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.

The ruling only applies to the use of the trademark in Hong Kong until a final decision is issued at trial.

The Justin Sun-linked crypto exchange HTX had $258 million in outflows after a $30 million exploit in November.

The Financial Conduct Authority warns that the crypto exchange is operating without proper authorization.

Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated, with full services returning by next week.

”Huobi HTX has now properly handled this attack,” the crypto exchange stated.

Justin Sun’s cryptocurrency exchange HTX has been hacked twice since rebranding from Huobi in September 2023, raising questions from the crypto community.

The incident affected the greater HTX, Tron and BitTorrent ecosystem.

The FCA’s list of registered crypto asset providers includes 42 entities and hasn’t changed since August.