Huobi Guarantees Normal Operations During OKEx’s Suspension of Crypto Withdrawals

The Huobi cryptocurrency exchange assured users its trading platform is “currently operating normally” after one of its biggest competitors, OKEx, announced it suspended all cryptocurrency withdrawals indefinitely. “Huobi’s cold wallet uses multi-signature and threshold signature technology to ensure the security of the private key signature process,” Ciara Sun, vice president of Huobi Global Markets, told […]

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Huobi, Dragonfly, Coinbase Invest $500K in New DEX With Alternative Oracle Solutions

Decentralized exchange CoFiX, which aims to offer more accurate and less costly trading with a new oracle solution, has raised half a million dollars from several crypto investors including Huobi’s DeFi Labs, Dragonfly Capital and Coinbase Ventures.  Many existing decentralized finance (DeFi) platforms such as UniSwap and Compound use oracles that fetch external data from […]

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First Mover: Binance’s CZ Doesn’t Even Dispute That DeFi Might Be Inevitable

Blockchain-based lending and trading systems known as “decentralized finance,” or DeFi, have dominated recent cryptocurrency-market headlines, with collateral locked into the semi-automated platforms surging 10-fold this year to more than $9 billion. DeFi trading platforms like Uniswap, Curve and Balancer have appealed to cryptocurrency traders with their low cost and ease of use, and they’re now starting to steal a growing and no-longer-negligible share […]

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FATF Compliance Effort Adds Huobi, Bitfinex and Tether to Governance Task Force

Shyft Network is adding Huobi, Bitfinex and Tether to its crypto-focused anti-money laundering (AML) platform, and launching a “governance task force” including a host of new and existing members. Announced Wednesday, Shyft’s Veriscope Governance Task Force includes recent joiners Binance and Bitfury, as well as a globally distributed collection of crypto firms such as BCW, […]

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Huobi and OKEx Battle for Supremacy in China

Cryptocurrency exchange Huobi is taking aim at competitor OKEx in China, specifically the business of trading bitcoin futures and other derivatives contracts. The fight opens a new front in a longstanding rivalry.  OKEx, which is led by Chinese executives and based in Malta, is the world’s biggest crypto derivatives exchange, with outstanding contracts valued at […]

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