Huobi

Exchange Providers Halt BSV Services as Mining Pool Captures 78% of BSV Network Hashrate

<div class=”featured_image_container”> </div> <strong>The cryptocurrency community has been discussing the Bitcoinsv network as a mining pool called Taal has well over 51% of the hashrate. Data from the analytical crypto website Coin Dance shows the mining pool Taal commands over 78% of the network’s hashrate during the last 24 hours. On Tuesday, the European cold …

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Huobi imposes 24 hr crypto withdrawal delay to dampen speculation

Huobi Global, currently the world’s second-largest crypto exchange by daily traded volume, has introduced a 24-hour token withdrawal delay for all over-the-counter (OTC) trades.  The decision strikes a blow to all Huobi users, some of whom will moreover be prevented from withdrawing their tokens for as long as 36 hours if the exchange’s assessment system …

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Despite BTC’s Price Drop, Bitcoin Held on Exchanges Is 28% Lower Than Last Year

<div class=”featured_image_container”> </div> <strong>While the price of bitcoin is more than 40% lower than it was 90 days ago on March 29, the number of bitcoin held on exchanges has also been reduced. Last year on the same day in June, 2.79 million bitcoin was retained on crypto trading platforms and a year later roughly …

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Data shows derivatives had little to do with Bitcoin’s drop to $29K

After a brief recovery to $41,000 on June 14, Bitcoin (BTC) investors might have thought that the bear market was finally over. After all, it was the highest level since May 21 and the date that MicroStrategy (MSTR) announced a successful $500 million debt offering.  The funds are usually available in one or two business …

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Korean Exchanges Delist High-risk Coins as They Face Tough Regulations

<div class=”featured_image_container”> </div> <strong>Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. </strong> South Korean Exchanges Wipe Trading Lists of Risky Digital Assets …

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More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract

<div class=”featured_image_container”> </div> <strong>Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator …

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Bitcoin Mining Operations Btc.top and Hashcow Cease Offering Services in China

<div class=”featured_image_container”> </div> <strong>Following some stern warnings from a few major trade associations and regulators in China, two prominent exchanges, Huobi and Okex, have stopped offering services to Chinese residents. After the two exchanges halted specific services to residents of mainland China, two bitcoin mining operations have also abandoned the country on Monday. Btc.top and …

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Amid Stern Warnings from China Crypto Firms Huobi and Okex Halt a Few Services

<div class=”featured_image_container”> </div> <strong>On Friday, the cryptocurrency community discussed a report stemming from China’s 51st meeting of the Central Financial and Economic Affairs Commission that reiterated warnings about bitcoin mining. The following Sunday, reports disclosed the cryptocurrency operation Huobi has suspended its cloud-mining operations and other crypto services to customers in mainland China.</strong> Rumors of …

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2 reasons why Casper (CSPR) IOU token rallied 2,300% in one week

Bull market cycles in the cryptocurrency market can be exhilarating for day traders and long-term investors alike, but the speed at which the prices move can make it a challenge for promising new projects that are looking to catch the momentum before the cycle plays itself out. This reality has led to some projects listed …

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Huobi Group launches 4 crypto funds targeting $100M in assets

Huobi Technology Holdings — a part of the Huobi Group, which includes leading Seychelles-based cryptocurrency exchange Huobi Global — has launched four digital currency funds targeting $100 million in assets by September, setting the stage for wider institutional adoption.  The company said it has already secured $50 million in commitments across the four funds, putting …

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