Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland.
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.
Traders have yet to flip bearish on Ether price, but the recurrent drops below $3,000 increase the likelihood of a sentiment flip.20361
"NFTs represent the future of content on blockchains," said Roll co-founder and CEO Bradley Miles.1925
Huobi Group co-founder Du Jun intends to safeguard all crypto assets for Chinese accounts before permanently closing them down by Dec. 31, 2021.6202
Developers continue to find new ways to combine digital assets and gaming, and investors are taking notice.3143
Huobi’s operations in Thailand have been suspended by local authorities after it allegedly failed to comply with local regulations.10448
An exchange token valuation methodology suggests that SUSHI is trading at a 33% discount and that UNI’s price is 36% overvalued.12550
The futures premium, top traders’ long-to-short ratio and options skew all signal that pro traders still feel positive about Bitcoin price.9024
Crypto markets sold off on Thursday, but data from Cointelegraph Markets Pro shows COTI and CFX rallied after new exchange listings.13067
The National Securities Market Commission in Spain has issued warnings on 12 entities for not being registered for investment services.5468
Huobi's move follows a similar decision by crypto exchange OKEx, which resolved to dissolve its China-based entity in late June.3567
Transaction fees can be expensive on decentralized exchanges — but this platform says it allows payments to be completed with minimal costs thanks to a dual mining mechanism.3595
The exchange's decision aligns squarely with Beijing's ongoing and multi-pronged crackdown on the country's cryptocurrency investors in its attempt to prevent both capital outflows and volatility in the crypto sector.4848
Chinese users will no longer be able to trade crypto derivatives on the Huobi exchange amid a broader cryptocurrency crackdown from the government.4198
Chinese journalist Colin Wu speculated that the move from the crypto exchange would likely drive users to Binance for higher leveraged trades.2339