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.
Auto Added by WPeMatico
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.
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m.…
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow…
Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes
The cryptocurrency exchange recently cut 20% of its staff, but now it will increase personnel in Hong Kong from 50 to 200.
Crypto exchanges tackle insider trading after recent convictions
The first-ever case of crypto insider trading highlights the need for reforms from exchanges to keep track of their employee’s trade activities.
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
Crypto execs suggested that the "extremely challenging" times forced them to cut jobs in order to “weather this extended" crypto winter.
Huobi delists 33 tokens in one day citing trading risk, low volume
Some tokens were delisted due to "severe violation of regulations."
Huobi clarifies Korean operations: Two separate entities aiming at same market
The company confirmed that it has already broken all the ties with Huobi Korea, its former subsidiary in South Korea.
Huobi Korea seeks to split from parent company, change its name: Report
Chairman Cho Kook-bong will also take over a majority of shares previously held by co-founder Leon Li.