A “short-term liquidity problem” led to the instability of Huobi’s U.S. dollar-backed stablecoin, HUSD, causing its price to fall.
Huobi Stablecoin HUSD DePegs Due to ‘Liquidity Issues’ Then Recovers
Stablecoins are cryptocurrencies that are free from the volatility of the broader market. However, the events of recent months …
Top 3 Trending Coins: CEL Surges in Volatile Trade, HT Lags on HUSD Depeg Worries
HT/USD bears are eyeing a retest of annual lows in the $4.30 area, with the cryptocurrency last changing hands in the $4.60s, down some 20% from last week’s highs in the $5.80s. Shiba Inu is the …
Top 3 Trending Coins: CEL Surges in Volatile Trade, HT Lags on HUSD Depeg Worries
HT/USD bears are eyeing a retest of annual lows in the $4.30 area, with the cryptocurrency last changing hands in the $4.60s, down some 20% from last week’s highs in the $5.80s. Shiba Inu is the …
Huobi helps stablize HUSD, secures user asset security
HUSD published a breakdown of reserves that showed every issued token was backed by U.S. dollars … s origins – is the stablecoin issued by Huobi Global? The answer is no. Although HUSD first …
Huobi explains what went wrong with HUSD after stablecoin is back on track
After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what caused the short-term liquidity problem and assured users that it has been resolved. On Aug. 18, HUSD started to …
Stablecoin HUSD loses parity with US Dollar; will this de-pegging cause a crypto crash?
HUSD is an Ethereum blockchain network-based fiat collateralised stablecoin. This means the cryptocurrency’s value stays in parity with the US Dollar. Moreover, every HUSD token is backed by a US …
Huobi Bitcoin Exchange’s HUSD Stablecoin Loses Its Dollar Peg
HUSD, a stablecoin that is supposed to hold parity with the U.S. dollar, fell almost 15% from its intended $1 peg.
Huobi Stops Derivatives Trading For New Zealand Users
According to the Huobi, the new restrictions are in line with its compliance with regulatory authorities in the region.
Huobi to End Crypto Derivatives Trading in New Zealand
The Seychelles-based cryptocurrency exchange cited “local compliance policies” as the reason for withdrawing margin trading services, options and ETPs as of next week.
Huobi to End Crypto Derivatives Trading in New Zealand
The Seychelles-based cryptocurrency exchange cited “local compliance policies” as the reason for withdrawing margin trading services, options and ETPs as of next week.
Huobi Global suspends derivative trading in New Zealand
Huobi claims compliance with local regulations as its reason for excluding New Zealand from its list of countries in which it operates derivatives trading.
Crypto nomads move back to big cities like London, New York in bear market
The nomadic life is especially well suited to the crypto crowd, with its 24/7 market and ethos of a digital, borderless monetary future, but pandemic travel restrictions, followed by a crash in crypto …
Bitcoin Edges Past $23,000 But Ethereum Moves Lower, Here Are The Top Crypto Movers For Wednesday
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Crypto Mogul Seeks to Sell Huobi Stake at $3 Billion Value
Huobi Group founder Leon Li is in talks with a clutch of investors to sell his majority stake in the crypto-exchange at a valuation of as much as $3 billion, in what could be the industry’s largest …
Here’s why the Huobi Token price went parabolic and what next
Huobi Token price went parabolic on Friday after Bloomberg reported that the company’s founder was seeking to sell majority of his stake.
Huobi Chief in Talks to Sell $1 Billion Stake in Crypto Exchange: Report
Sam Bankman-Fried and Justin Sun are reportedly among investors looking to acquire a majority stake in crypto exchange Huobi Global.
Sam Bankman-Fried, Justin Sun in Talks to Buy Majority Stake in Huobi Global: Report
Li is looking to sell almost 60% of the firm, and has preliminary talks with Tron founder Justin Sun and FTX founder Sam Bankman-Fried, the report said, citing people familiar with the matter. The …
Crypto Entrepreneurs Bankman-Fried, Sun in Talks to Buy Majority of Huobi Global Exchange: Report
Li is looking to sell almost 60% of the firm, and has held preliminary talks with Tron founder Justin Sun and FTX founder Sam Bankman-Fried, the report said, citing people familiar with the matter.
Chinese crypto mogul seeks to sell Huobi stake at $4 billion value
Huobi Group founder Leon Li is in talks with a clutch of investors to sell his majority stake in the crypto exchange at a valuation of as much as US$3 billion (S$4 billion) , in what could be the …
Best Coins to Buy For Long Term Investment
A massive selection of new investment choices are emerging as decentralized finance and cryptocurrency gain popularity on Wall Street. Thousands of cryptocurrencies are now being traded on the open …