Huobi

Huobi Group has continued to expand its network of local cryptocurrency exchanges based on the Huobi Cloud platform, launching a trading platform in Argentina. Huobi Argentina plans to create a local team and fiat gateway to trade or convert Argentine pesos into cryptocurrencies, the company said in a statement. The payment channel will be launched by mid-October. Huobi Argentina users are expected to be able to deposit […]

Huobi cryptocurrency exchange could become a public company in Hong Kong through the reverse takeover of electronics maker Pantronics Holdings Limited. This is evidenced by the application posted on the site. Soon, the company, whose main shareholder is the Huobi Group, may change its name to Huobi Technology Holdings Limited. The deal on the purchase of 221 million ordinary shares last August cost Huobi $ 77 […]

The inverse correlation of Bitcoin and RMB increases over time. This may indicate that the Chinese are increasingly considering BTC as a protective asset, according to Bloomberg. Reverse interdependence peaked at the end of August: According to Garrick Haileman, researcher at the London School of Economics and the head of the research department at Blockchain.com, this trend became more pronounced back in […]

On the night of Friday, September 6, an unusually large transaction was recorded on the Bitcoin network in the amount of 94,504 BTC (more than $ 1 billion at the current rate). The commission of $ 700 became even more unusual. According to Whale Alert's Twitter account, previously unknown wallets that did not belong to any exchange were involved in the transaction. One of them translated 56% […]