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…

    Huobi stablecoin HUSD loses peg, dropping to $0.89

    Huobi’s HUSD became the latest stablecoin to de-peg from the US dollar. The HUSD stablecoin, associated with the Huobi Global crypto exchange, has fallen to $0.89, an 11% drop from its planned $1 peg, according to CoinMarketCap. It seems that troubles for stablecoins are yet to be over, despite the crypto market returns on the…

    Huobi founder reportedly looks to sell his majority stake for over $1 billion

    Leon Li, the founder of major crypto exchange Huobi Global, is reportedly in talks to sell his majority stake in the company, which could value the firm at over $3 billion. The deal could be one of the biggest in crypto history. According to Bloomberg, Li is looking to sell almost 60% of the firm…

    Huobi Group obtains a crypto license in Dubai

    Huobi Group, the major global crypto exchange, announced Friday it obtained a DIFC Innovation License in Dubai, seeing its development as a significant milestone in the group’s compliant growth. Huobi also got registration on New Zealand’s Financial Services Provider Register. The DIFC Innovation License is a license for innovative technology companies in Dubai and provides…

    Huobi launches its NFT marketplace and Primelist event for Investors

    Huobi Global, a major global blockchain company behind the world’s third-largest cryptocurrency exchange by trading volume, announced on November 1 the launch of its Primelist event, offering both institutional and individual investors a unique opportunity to access new blockchain projects and the NFT marketplace. Blockchain firm and crypto exchange Huobi Group is staking its claim…