Huobi

Huobi Global Connects to European Banking System via UK’s BCB Group

Regulated crypto payment services firm BCB Group has partnered with Huobi Global to help the Seychelles-based exchange giant connect its trading desks to the banking system in the U.K. and Europe. Announced Tuesday, customers of Huobi’s over-the-counter (OTC) platform will be able to settle transactions instantly in euros and pounds (GBP) via BCB’s BLINC network. …

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Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

<div class=”featured_image_container”> </div> <strong>The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has …

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CEX, Lies and Videotape: Binance Accuses Rivals of Fighting Dirty

While many U.S. crypto exchanges are using the latest bull run to spruce themselves up in hopes of impressing institutional investors and regulators, China’s so-called “Big Three” centralized crypto exchanges (CEX) – Binance, Huobi and OKEx – are slinging mud at each other.  The latest flap is over a bogus video that purports to show …

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Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days

<div class=”featured_image_container”> </div> <strong>Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms.</strong> Back in December 2019, it was reported that the San …

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Crypto derivatives gained steam in 2020, but 2021 may see true growth

2020 was the most important year for the crypto derivatives market so far. Both Bitcoin (BTC) and Ether (ETH) derivatives steadily grew throughout the year, with their futures and options products available across exchanges such as the Chicago Mercantile Exchange, OKEx, Deribit and Binance.  On Dec. 31, Bitcoin options open interest reached an all-time high …

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Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike

<div class=”featured_image_container”> </div> <strong>Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. Just recently the leading bitcoin options exchange Deribit announced the launch of both $120k and $140k strikes, and data from skew.com …

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Bitcoin Options Daily Volume Crosses $1 Billion, $100K Strike Introduced for 2021

<div class=”featured_image_container”> </div> <strong>Cryptocurrency derivatives markets have been seeing significant demand, as daily volumes for bitcoin options crossed $1 billion on December 17, 2020. Most of the record turnover has been taking place on the derivatives platform Deribit, and a large $100k strike has been introduced on the exchange for September 2021. </strong> While bitcoin …

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Huobi’s HUSD Stablecoin to Run on Nervos Blockchain

Public blockchain Nervos has been trying to become China’s answer to Ethereum, especially when it comes to the decentralized finance (DeFi) sector. Soon it will finally have a key element in that quest: the blockchains’ first dollar-pegged stablecoin, HUSD, issued by Huobi-backed Stable Universal Limited. This is also the first blockchain outside of Ethereum to …

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Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open

<div class=”featured_image_container”> </div> <strong>While bitcoin and a number of digital assets set new 2020 price highs, a variety of crypto-asset commentators have detailed that since October, there’s been a lot of bitcoin buying action during U.S. market hours. Data shows that between East Asia and North America, the two regions account for close to half …

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Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year

<div class=”featured_image_container”> </div> <strong>A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain sleuths believe the Chinese …

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