Huobi closes crypto derivatives as part of wind-down for Chinese traders
By shutting down derivatives trading on Huobi, the company takes one more step toward closing its operations in China.
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BTC Futures Open Interest Soars Leading up to Bitcoin ETF’s Official Launch
Prior to the launch of the Proshares Bitcoin Strategy ETF (BITO), open interest in bitcoin futures products has been surging since the start of the month, according to data from…
Binance to suspend Chinese yuan from P2P platform in December
Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland.
More Than 20 Chinese Crypto Companies to Leave The Country Following The Local Ban
Over 20 Chinese digital asset-related businesses revealed they will halt their operations and withdraw from the local market as the country continues its hostile stance on anything crypto. The Effect…
Huobi’s Bitcoin Mining Pool Moves 100K BTC Following the Chinese Crackdown
After China recently banned all crypto-related activities in the country, crypto exchange Huobi Global had to limit mainland Chinese citizens from registering on the platform. As a consequence, the Huobi…
Alibaba Suspends Sale of Cryptocurrency Mining Hardware on Its Platform
Alibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform. The sales behemoth made this announcement yesterday via its…
China’s Great Firewall Censors Crypto Websites Coingecko, Coinmarketcap, Tradingview
On September 28, reports stemming from social media and crypto-focused forums detailed that China has been blocking a number of cryptocurrency websites. The Twitter handle for 8btc News tweeted that…
Major Crypto Exchanges Cut Ties With Chinese Users After China’s Latest Crackdown on Cryptocurrency
Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government. Huobi has stopped letting new users in China sign up…
Huobi outlines plan for Chinese investors after halting crypto trading
Huobi Group co-founder Du Jun intends to safeguard all crypto assets on Chinese accounts before permanently closing them down by Dec. 31, 2021.
Derivatives DEX dYdX beats out Coinbase by volume amid China FUD
Chinese traders appear to be flocking to derivatives DEX dYdX amid concerns over a renewed crypto crackdown in China.