Huobi

Chinese Police Arrest 12 Fake ‘Huobi Officials’

Chinese authorities have dismantled a group of alleged scammers posing as Huobi exchange officials, who were operating an over-the-counter (OTC) website. As reported by local media outlet Jinse, on May 20 police arrested 12 suspects in Guangdong province believed to be behind the scheme, after an investigation found that WeChat crypto trading groups had been …

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Huobi’s Derivatives Platform Rebranded as Huobi Futures to Attract More Investors

Huobi Group has rebranded its cryptocurrency derivatives exchange platform Huobi DM to Huobi Futures. According to the announcement from spokesperson and head of Huobi global business Ciara Sun the new name of the exchange is to signify the growth of the nascent industry into one that is now garnering the interests of both institutional and …

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Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving

Following the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution, as far as hashrate is concerned. At the time of publication, there’s around 100-115 exahash per second (EH/s) in search of bitcoin blocks and spectators have seen two relatively unknown mining pools join the top mining pool …

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American Buyers Are Fueling Bitcoin’s Rally, Data Suggests

Bitcoin is now up over 20% in 2020 after rallying to over $9,500 on Thursday. The cryptocurrency’s recovery from March lows ahead of the protocol’s third halving event is primarily fueled by American investors, according to market data. On U.S.-based exchanges, bitcoin has traded at sustained premiums during the end of March and through April. …

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