The company confirmed that it has already broken all the ties with Huobi Korea, its former subsidiary in South Korea. Source: https://cointelegraph.com/news/huobi-clarifies-korean-operations-two-separate-entities-aiming-at-same-market
Month: January 2023
Court Grants Voyager Initial Approval for $1B Binance US Deal
Defunct crypto broker Voyager has been granted initial court approval to sell some of its assets to Binance.US in a proposed deal worth roughly $1 billion. U.S. Bankruptcy Judge Michael Wiles in New York gave Voyager permission to enter into an asset purchase agreement with the crypto exchange and to hold a vote among its creditors on the sale, as…
Bitcoin price taps $17.5K as traders in ‘disbelief’ doubt crypto rally
Bitcoin (BTC) staged a brief but promising return to $17,500 overnight on Jan. 11 as newfound strength lingered. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fails to win over skeptical traders Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local highs of $17,504 on Bitstamp. Almost tying with the peak from Dec. 16, the pair displayed…
NFT index grades the trading performance of collectors’ wallets
As trading becomes increasingly difficult during the bear market, a nonfungible token (NFT) platform aims to lighten the load on traders and help them get a closer look at the strategies of successful collectors. In an announcement sent to Cointelegraph, NFT platform Upshot said that it launched Upshot GMI, a tool that scores and classifies wallets based on their NFT…
Crypto exchange Zipmex probed by Thai SEC amid buyout
The cryptocurrency exchange Zipmex is the focus of a new probe by the Securities and Exchange Commission (SEC) of Thailand for a breach of local rules. A Bloomberg report revealed that local authorities are looking into an activity that they believe may be in violation of business rules for digital asset service providers. This includes its offerings of certain digital…
Frankfurt houses the largest city-wide network
While the United States holds the biggest share in Bitcoin (BTC) hash rate contribution and ATM network, the city hosting the most number of reachable Bitcoin nodes — the biggest pillar of the Bitcoin system — is Frankfurt, Germany. A Bitcoin node represents a computer system that works with other decentralized computers to help validate and relay Bitcoin blocks and…
Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs – Finance Bitcoin News
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first quarter of the year. Russia’s Central Bank to Propose Platforms for Digital Currency Payments in Foreign Trade Moving forward with efforts to introduce its central…
USDC transfer volume hit 5X USDT’s in fallout from FTX collapse
Stablecoin USD Coin (USDC) has grown in popularity since the collapse of FTX and now frequently reaches daily transfer volumes four to five times that recorded by major competitor Tether (USDT) according to data from blockchain analytics firm Glassnode. That’s despite the market cap of USDT being $23 billion greater than USDC. As of Jan. 10, the difference was in…
Bitget Launches Fund Custody Service With Dedicated Wallet to Elevate Safety – Press release Bitcoin News
press release PRESS RELEASE. Victoria, Seychelles 11 Jan 2023 – Leading crypto exchange Bitget launches the Fund Custody service for professional investors and institutions. The service will provide dedicated wallets to qualified accounts to maximize protection of customers’ funds on the platform. The exchange also recently released the latest snapshot of its Merkle tree Proof of Reserves to reassure users…
Optimism and Arbitrum flip Ethereum in combined transaction volume
Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network. Layer-2 networks Arbitrum and Optimism have seen an increase in transactions over the past three months. Comparatively, aside from a few spikes, transactions on the Ethereum network have declined by around 33% since late October…