Crypto exchanges Huobi and Poloniex announce strategic partnership

    Crypto exchanges Huobi and Poloniex announced a strategic partnership. Reports of a planned merger of the two exchanges first emerged and were denied by Huobi last week. On Nov. 30, crypto exchange Huobi said it will form a “strategic partnership” with Poloniex, a week after denying rumors that the two firms were planning to merge….

    Binance to launch a recovery fund for crypto projects facing a liquidity crisis

    Binance’s CEO Changpeng Zhao said that Binance would launch the fund to help projects “who are otherwise strong, but in a liquidity crisis,” welcoming investors to contribute to the fund and qualifying projects to apply. Tron founder Justin Sun said that Tron, Huobi Global, and Poloniex will support the initiative. Binance plans to launch a…

    FTX is working on its own stablecoin, while Huobi delists HUSD

    FTX plans to issue its own stablecoin at some point, CEO Sam Bankman-Fried said without providing further details. He also hinted at a potential acquisition of the crypto exchange Coinbase. Meanwhile, crypto exchange Huobi said it would delist the stablecoin HUSD. Crypto exchange FTX is reportedly working on creating a stablecoin. In an interview with…

    TRON ecosystem to merge with Heco Chain

    TRON founder Justin Sun announced a merger between the TRON network and the Heco Chain. In his words, the TRON and BitTorrent chain network will merge with developers from Heco. Sun made this announcement a day after revealing his Huobi tokens holdings. On Friday, he said that he has up to 10 million Huobi Tokens…

    Huobi founder sells the exchange to Hong Kong investment firm

    Leon Li Lin, the founder of crypto exchange Huobi Global, is selling his controlling stake to a Hong Kong investment firm, About Capital, according to Huobi’s website. The company said the deal has no impact on Huobi’s core business. About Capital said that under its control, Huobi “will embrace a series of new international brand…

    Huobi delists Monero, Zcash and 5 more privacy coins due to regulatory concerns

    Crypto exchange Huobi Global said it will delist seven privacy tokens in the coming week, citing broader regulatory scrutiny of such tokens. The company claimed it is complying with regulations in different countries and regions. Privacy tokens lost 0.42% in 24 hours following the news. Spot and futures trading of the tokens was paused last…