huobi

Binance Could Be In Trouble Amid Recent Actions: Bloomberg | Coingape

The world’s largest crypto exchange Binance continuously losing its dominance in the crypto market, according to a Bloomberg report. The decline in Binance’s market share in spot trading helped crypto exchanges such as OKX, Huobi, and Bybit gain market share in the last few weeks. The heightened scrutiny and regulatory action by US regulators against The post Binance Could Be In Trouble Amid Recent Actions: Bloomberg appeared first on CoinGape.

Huobi Global records $30m profit in Q1, forecasts fourfold rise in Q2

Crypto exchange Huobi Global has recorded a profit of $30 million in the first quarter of 2023. Justin Sun, Tron founder and Huobi Global advisor, expects profits to rise fourfold in Q2.

Crypto exchange Huobi returns to profitability in Q1 after restructuring

After cutting employees and benefits, the cryptocurrency exchange reportedly made a $30 million profit during the first quarter of 2023. According to an Apr. 10 post by Justin Sun, the de facto owner of cryptocurrency exchange Huobi Global, the firm recognized $150 million in revenue during Q1 2023 compared to $120 million in expenditures, resulting in a net income of $30 million. Sun says that "a large number of measures were taken to reduce costs and increase efficiency" d

Breaking: Justin Sun Predicts Huobi Global’s Profit To Rise Four Times In Q2

Huobi Global records a profit of $30 million in the first quarter, said Tron founder and Huobi Global advisor Justin Sun on Monday. The move comes amid plans of Justin Sun to receive a virtual asset service provider license for Huobi crypto exchange in Hong Kong. Huobi Global Posts Revenue of $150 Million in Q1 The post Breaking: Justin Sun Predicts Huobi Global’s Profit To Rise Four Times In Q2 appeared first on CoinGape.

Tron’s Sun had this to say about his “alleged” deal with Binance’s CZ

Tron’s creator dismisses reports about Binance turning down the offer to buy a stake in Huobi Sun claimed that there were no discussions held with CZ about Huobi in the last week or so Tron’s founder – Justin Sun – spoke up about the recent news circulating the cryptocurrency exchange, Huobi. The crypto entrepreneur was […]

Justin Sun In Talks To Sell Huobi Stake: Report

The founder of Tron network and popular crypto figure Justin Sun is reportedly engaging in talks about selling a stake in the crypto exchange Huobi Global. According to a report by Bloomberg, this development was revealed by a person that is close to the matter. Bloomberg reports that Sun has been meeting with potential investors trying […]

Justin Sun rumored to be selling his Huobi Exchange shares

Sources have it that Justin Sun, the inventor of Tron, is in talks to sell some of his holdings in Huobi Global, a crypto exchange

Breaking: Justin Sun Reportedly Selling Stake In Huobi Exchange

Tron founder Justin Sun is reportedly in discussion to sell some stakes in the crypto exchange Huobi Global, Bloomberg reported on Saturday. Justin Sun purchased the crypto exchange for $1 billion last year after majority shareholder and founder Leon Li sold his entire stake in the crypto exchange to Hong Kong-based investment firm About Capital, The post Breaking: Justin Sun Reportedly Selling Stake In Huobi Exchange appeared first on CoinGape.

Justin Sun says he’s no longer Grenada’s WTO ambassador in sudden twist to story

Justin Sun said Friday that his term as Grenada's Ambassador to the World Trade Organization was coming to an end. The post Justin Sun says he’s no longer Grenada’s WTO ambassador in sudden twist to story appeared first on The Block.

Huobi partners with Gala Games for L1 and Web3 development

Huobi Global has joined hands with Gala Games, a blockchain-based play-to-earn gaming platform, to work together on the investment and listing of Web3 projects. Huobi Global, a cryptocurrency exchange, has declared a strategic partnership with Gala Games, a blockchain-based play-to-earn gaming platform. In an official blog post on March 31, Huobi announced a partnership with Gala Games to develop the Web3 ecosystem. The two companies will collaborate to invest in and list pro

Justin Sun’s Huobi Exchange Partners Gala Games For L1 and Web3 Development

Tron founder Justin Sun-backed crypto exchange Huobi Global announces a strategic partnership with blockchain-based play-to-earn gaming platform Gala Games. The companies plan to cooperate in the investment and listing of top Web3 projects, Web ecosystem development, and community building. Huobi Global Partners Gala Games Huobi in an official blog on March 31 said it has The post Justin Sun’s Huobi Exchange Partners Gala Games For L1 and Web3 Development appeared first on CoinGape.

Top 10 cryptocurrencies that lost the most in March

March started with a series of US bank collapses, which brought uncertainty to the financial markets, including cryptocurrencies. Some digital assets have been under high selling pressure, marking notable drops. The top loser of the list, arbitrum (ARB), is also…

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

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 ever experienced in […]

Huobi Global now supports ruble deposits and withdrawals

Huobi partnered with fiat and crypto payment processor AdvCash to unlock deposits and withdrawals in the Russian ruble. Major global cryptocurrency exchange Huobi is introducing Russia’s national fiat currency on its trading platform.According to a Jan. 12 announcement, Huobi Global now supports deposits and withdrawals in the Russian ruble. The new feature enables users to purchase and sell major cryptocurrencies like Bitcoin (BTC), Ether (ETH), Tether (USDT), and Litecoin (

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

A bogus video on Chinese social media has intensified a long-standing feud involving Binance, Huobi and OKEx.

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

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. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase […] The post Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days appeared first on Bitcoin News.

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

Crypto derivatives showed enormous growth in 2020 as nearly $2 billion worth of BTC options expired on Christmas day. 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 of

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

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 shows some June […] The post Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike appeared first on Bitcoin News.

Huobi Ends 2020 With Fireworks, Happy New Year Gift Giveaways, and a $1 Million Prize

Trusted global cryptocurrency exchange and trading platform, Huobi, has announced that it is celebrating the end of 2020 and the coming New Year with special Huobi Happy New Year Activities that include daily awards, over 400 gifts, and a lucky draw game with a $1 million jackpot to award. Here are all the details about how to join in on Huobi’s New Year celebration and potentially end this challenging year on a much more positive […]

Huobi plans return to the US after ceasing operations in 2019

Huobi Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019 Huobi Group, the company behind major global crypto exchange Huobi, is apparently planning to return to the United States with a new license secured from local regulators.After ceasing operations in the U.S. in late 2019, Huobi seems to be interested in opening a trust company business in the country. Trusts are companies tasked with managing assets for a group of owners or inve