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Established in 2013, Hong Kong. No. of pairs - 250. Fiat - no. Centralized exchange. KYC & Restrictions - yes.

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Huobi Exchange Hires Compliance Chief From Global Bank State Street

Huobi Exchange Hires Compliance Chief From Global Bank State Street Huobi, the third largest cryptocurrency exchange by monthly trading volume, has hired a senior professional from a major U.S.-based global bank. Revealed exclusively to CoinDesk, Elaine Sun Ye Lin, former head of compliance for the Chinese branch of State Street, joined the Singapore-based exchange as a… The post Huobi Exchange Hires Compliance Chief From Global Bank State Street appeared first on Altcoin Today.
Altcoin Today

Crypto Exchange Huobi Hires Former State Street Compliance Chief to Stay Regulatory Compliant

Last month, Huobi hired former State Street compliance chief Elaine Sun Ye Lin to serve as the global compliance director for the exchange. Sun served as State Street’s head of compliance for its Chinese branch. She has previous work experience at the Singapore-based OCBC bank. The new hire came around the same time Huobi reportedly laid off other members of its staff in response to the prolonged crypto bear market. The company said the layoffs were due to desires to “optimize” staff and ensure key markets could have proper support. Similar activity has taken place at mining giant Bitmain. The company said late last year it had to stay true to its “core mission” and focus on “hiring the best talent.” Huobi Group HR Director Fu Liting said Sun’s “expertise in compliance and in traditional financial markets will definitely be an asset to the company as we look to ensure our compliance and work with regulatory bodies.” Company officials indicated they hope Sun’s experience in working alongside global government bodies will benefit Huobi’s operations. Experts like CryptoRecruit’s Neil Dundon said the cryptocurrency world has experienced a steady inflow of experienced professionals from the IT and finance sectors. He noted the trend of bankers moving from traditional financial institutions to the crypto space “is reassuring as to where the future of this industry is headed.” In 2018 alone, the Coinbase cryptocurrency exchange onboard top executives like Brian Brooks from Fannie Mae, Chris Dodds of Charles Schwab, and Eris Scro from the New York Stock Exchange. Some characterized Dodds as a particularly big hire for Coinbase because of his status as a Charles Schwab Board of Directors member. Dodds, who joined the board in 2014, serves as the Chairman of the Risk Committee.
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Coinbase, Kraken and Huobi To Support Ethereum’s (ETH) Constantinople Hard Fork

The Ethereum (ETH) Constantinople Hard Fork is meant to be triggered at block 7,080,000. Further checking Etherscan, we are currently at block 7,069,605 and in line with the projected dates of 14th to the 18th January as to when the software upgrade will occur. There is also an online countdown available for crypto enthusasits to follow here. Coinbase, Kraken and Huobi To Support the ETH Constantinople Hard Fork Users of the three major exchanges of Coinbase, Kraken and Huobi can allay any fears as to whether they need to do anything with their ETH coins during the event. Huobi made the announcement about supporting the hard fork on the 11th of this month. The official statement from the exchange went on to request users to deposit their ETH into their Huobi accounts for the exchange to handle all technical requirements required. Coinbase made the announcement to support the hard fork only yesterday – January 14th. The announcement also went on to advise traders on of its platforms of Coinbase Pro, Coinbase.com, Coinbase Prime and all mobile apps, to continue buying, selling, trading and converting Ethereum during the upgrade. However, all deposits and withdrawals of ETH will be suspended during the event. Kraken also made the announcement that they too will be supporting the hard-fork. They also clarified to all users that no new coins will be created during the event. Hello, Kraken will be supporting this. We expect this will be a non-contentious fork. No new coins will be credited to ETH holders as we expect the old chain will quickly become obsolete. Best, Kraken Other Major Exchanges Supporting the Event Binance and OKEx had already announced that they will be supporting the hard fork event. Both exchanges had also advised all traders to deposit their funds into the respective platforms. Binance and OKEx will also handle all the technical back-end processes to facilitate the hard fork. Two Scams of Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV) However, leading up to the Ethereum hard-fork, two scams emerged posing as legitimate forks of Etheruem and Etheruem classic. They were Etheruem Nowa and Etheruem Classic Vision respectively. Both had tried to trick Etheruem holders into giving them their private keys that would have facilitated in their addresses being emptied of all ETH funds. What are your thoughts on the upcoming Ethereum hard fork? Please let us know in the comment section below.  Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Coinbase, Kraken and Huobi To Support Ethereum’s (ETH) Constantinople Hard Fork appeared first on Ethereum World News.
Ethereum World News

EOS Decentralized Exchange Beta Version ‘Huobi EOS’ Launches with BTC, ETH and USDT Trading Pairs

A couple of months back BitcoinExchangeGuide’s news team reported about Huobi Pool launching a dedicated EOS crypto exchange by the first quarter of 2019. Things are moving fast in that respect and the beta version of the decentralized exchange is already launched. The announcement of the EOS Exchange reads: “The Coin EOS Exchange was put into trial operation on January 11, 2019, https://www.hbgeos.com . Open currency transactions during the trial operation phase, including EOS/BTC, EOS/ETH, EOS/USDT trading pairs. After that, we will open the EOS project asset trading pair that has been screened and reviewed, so stay tuned.” In additional notes they added: “The designated assets in the Coin Global Station and the E-Exchange EOS Exchange (currently EOS, USDT, BTC, ETH) can be interoperable through the “internal coin transfer” operation. The fire currency users must first be on the Eco exchange. The “Internal Coin” operation can only be performed after the account is activated. There is no charge for the “internal coin transfer” operation.” The EOS exchange will reportedly permit users to trade EOS against a number of other cryptocurrencies. Huobi Pool has been working closely with the EOS community since the business's launch earlier this year. In 2018, it co-operated with other block producers to build an EOS test chain, the Crypto Kylin Testnet, where EOS-based projects can be tested. Huobi Pool also developed a voting platform for EOS holders and set up an EOS community to make holders more aware of node elections. At the beginning of the month the company's Huoni Pool’s CEO, Cao Fei said: “As an EOS supernode, Huobi Pool has placed [EOS] ecological development high on its list of priorities. Launching this EOS exchange is simply the next logical step in our support.” Features of the Beta Version EOS ecology layout: Dedicated to providing convenient trading services of EOS related digital assets, focusing on the development of EOS and helping to build a benign EOS ecosystem. Secure and reliable: As a secure and reliable trading platform for EOS related digital assets, they strive to expand the variety of digital asset and greatly enhance trading liquidity. Customer service first: They provide users with an easy trading experience and support multiple languages, multiple coins, and full clients.
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DIGEST

Bitfinex introduces a new system, BTCC launches in South Korea, the Bitcoin Unlimited upgrades features, the Maldives denies giving permits, IAMAI attracts big players, Huobi lists stablecoins, Binance opens in Uganda

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High hopes: big plans of large players

A bolivar-to-petro exchange app from Venezuela, the Chinese mining companies go public, more reflections on Bitcoin, Zuckerberg's sister at Huobi, VeChain to partner with BMW and Renault, and one more state-backed currency

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DIGEST

Crypto-philanthropy: the boom of charity funds

FBI has 130 crypto cases, Sacramento Kings mine ETH, Node Capital launches a US branch with 200,000 ETH, Huobi suspend services for Japan, Dan Larimer proposes new EOS constitution, Coinbase CEO creates GiveCrypto charity

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BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature

Brave Browser Announces BAT “Rewards” Feature On Tuesday, Brave Browser, a crypto-friendly internet application headed by the founder of Mozilla Firefox, Brendan Eich, made a surprising announcement, seemingly aiming to start of 2019 with a proverbial bang. Via a company release, conveyed through its in-house blog, the Brave and Basic Attention Token (BAT) team, which consists of Eich, coupled with an array of fintech, Silicon Valley, and crypto veterans, revealed that it would be previewing “opt-in ads in [the] desktop browser developer channel.” While this feature sounds nebulous, there’s more to this integration than meets the eye. In fact, as broken down in a PC Magazine feature article, this new advertising model will allow common Joes and Jills to earn crypto, in the form of BAT, and potentially other rewards in the feature. This new offering, dubbed Brave Rewards, will siphon 70% of earned ad revenue to users who agree to view advertisements. The remaining 30% will be paid to Brave’s war chest — a likely controversial play, but one necessary for the blockchain project’s long-term survival. Rewards will be available via Brave’s developer/test browser edition. It wasn’t exactly divulged when the innovative feature would hit the publics’ desktops, but the following GIF is how the feature will work: Looking outwards, the Brave team revealed that they expect opted-in users to earn upwards of $60 to $70 a year in the near future, with their preliminary projections predicting that $224 a year could be earned by 2020 through Brave’s in-house ecosystem. While this sounds great — an effective free $224/year for viewing ads — like all things too good to be true, there’s a catch. At the time of writing, Brave has announced support for BAT token withdrawal, as the company wants Rewards’ users to reward their favorite content creators, whether it be large new portals or Youtubers. After this feature goes live successfully, Brave intends to activate “publisher-integrated ads,” which will allow content creators to feature “private ads” on content creators’ pages through the startup’s systems. The company subsequently explained its Brave Ads offering and its applications/benefits from a top-down perspective, writing: With Brave Ads, we are reforming an online advertising system which has become invasive and unusable. Users have turned to ad blockers to reclaim their privacy from ads that track them and sometimes even infect them, and publishers are finding it increasingly difficult to earn ad revenue to sustain quality content with intermediaries that collect huge fees. It is important to reiterate that at this time, this newfangled feature is technically in its beta phase. Due to this positive news, the popular altcoin, which recently gained the support of industry powerhouse Coinbase, has posted a respectable price gain. At the time of writing, BAT is currently valued at $0.125 apiece, posting a 3% in the past 24 hours. The crypto, currently the 36th in this market’s standings, is currently outperforming Bitcoin (BTC) by 2.7%, and Ethereum (ETH) by 2.4%. Crypto Lulls: Bitcoin, Ethereum, XRP Post Barely Any Movement In the same vein of cryptocurrency prices, the broader market has posted close-to-zero movement in the past 24 hours. Per data from Coin Price Watch, BTC has found itself at $3,645 — a mere 0.58% gain over the past day. Other leading crypto assets have also posted slight gains, but have still underperformed BAT. XRP, the go-to asset for fintech upstart Ripple, is up 1.27%, as it sits just shy of the $0.33 price level at $0.3296. ETH, which recently tumbled due to the delayed Constantinople fork, has found itself up by 2%, regaining a portion of the losses incurred yesterday. While the market is trending slightly positive, some analysts expect that BTC is ready to dive. Speaking to MarketWatch, Jani Ziedens of Cracked Market claimed that BTC, if truly oversold, should be posting monumental gains right now, rather than finding itself in an extended lull. So, Ziedens added that this “lethargic base” indicates that demand is limited, “incredibly weak” even, and as such, lower crypto bottoms may be inbound. BAT Title Image Courtesy of Descryptive.com via Flickr The post BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature appeared first on Ethereum World News.
Ethereum World News

Cryptopia Hacker Moves Stolen Crypto to Binance; Community Alerts CZ and Funds Are Frozen

It is clear that hackers gave themselves a place to stay in the cryptocurrency industry, which was only made more evident by a recent security breach that happened over the last few days. Cryptopia, a leading exchange in New Zealand, announced a breach that ended in a major theft on January 14th. However, unlike the unfortunate tale that many other exchanges succumb to, that is not the end of the story. The official statement notes that Cryptopia has placed itself into a maintenance mode, helping them to protect their accounts until the regulatory authorities of New Zealand provide other details. Both the High Tech Crimes Unit and the local police are pursuing investigative efforts, though they have commented that “a significant value of cryptocurrency may be involved.” At this point, the actual amount has not been released, and no substantial details have been provided. Still, that has not stopped local news portal Radionz from reporting that the loss is close to $3.6 million. A Twitter user, ShaftedTangu, seems to know where these digital assets are going. On the posts, the user said, Hey @cz_binance Binance has stolen tokens from Topia hitting it sir. Can you lock it down? https://t.co/0XllsBejUV — I Dream Of Alts (@ShaftedTangu) January 16, 2019 Through a string of additional tweets, the user continued to track the funds, as he mentioned wallet address 0x9007a0421145b06a0345d55a8c0f0327f62a2224. In another tweet, he claimed, “Currently the 0x900 wallet contains around $10 mil USD of tokens, large amounts are $PRL $2mil, $CENNZ $1.168 mil, $Denacoin $2.73 mil, $MSP $0.99 mil” Luckily, just under four hours after the original tweet, CZ Binance replied. The reply said, Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 With such a nonchalant type of reply, it is quite a victory for Cryptopia and Binance that the funds could be frozen at all. However, the victory has not been won yet, considering there is no indication of exactly who performed the hack in the first place. Cryptopia has remained silent, though they posted to their own Twitter profile, saying, “We cannot comment as this matter is now in the hands of the appropriate authorities. We will update you as soon as we can.” As a result of these issues, Zhao posted that users should keep their holdings on exchanges, rather than a hardware wallet. However, his post caused an onslaught of negative replies, with some saying that his post implied that self-storage is substantially riskier than storing on a seemingly “reputable” exchange. Zhao later retracted, saying that he was not advising investors to store funds on exchanges. In the first half of 2018 last year, there was over $731 million lost in thefts involving exchange hacks. However, none have reached the severity experienced by the 2014 Mt. Gox hack.
Bitcoin Exchange Guide

Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack

Some of the stolen cryptocurrency from yesterday’s Cryptopia hack has been sent to Binance, which has confirmed already freezing some of the funds.  Binance Freezing Funds Stolen from Cryptopia Twitter account @ShaftedTangu has alleged that some funds stolen as a result of Cryptopia’s hack have been siphoned through Binance. The amounts sent to Binance in question include roughly $7,500 in Metal (MTL) 00, $6,750 in KyberNetwork coin (KNC) 00, $7,181 OmiseGO tokens (OMG) 00, and $8,724 in EnjinCoin (ENJ) 00. All of it totals around $30,000. Changpeng Zhao, CEO at Binance – the world’s largest cryptocurrency exchange by means of traded volumes, has confirmed the allegations, reassuring that they’ve already frozen some of the funds. Zhao commented: Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high-risk maneuver for them. Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 Bitcoinist reported yesterday that Cryptopia’s security has been breached, resulting in ‘significant losses’. Police in New Zealand also confirmed. Binance Caught in the Fire Zhao’s tweet caused a reaction in crypto Twitter’s community as one user (@Crypto_Bitlord) expressed his bewilderment that Zhao referred to “social media” as a means of reporting rather than Binance’s own surveillance systems. I’m genuinely shocked stolen funds from @Cryptopia_NZ have easily passed through @binance UNDETECTED until social media flagged them. This raises some big questions. How is that possible with modern blockchain analysis? — Sir Bitlord (@Crypto_Bitlord) January 16, 2019 On the matter, Binance’s CEO said: It’s quite easy to generate a brand new address. We (and no one) recognize every transaction out there. We already have very in-depth and detailed blockchain analysis. Yet, the question remains – if a regular Twitter user has been able to detect the transaction in question, how, and more importantly – why did Binance miss it? Perhaps the better question, as posed by @Crypto_Bitlord is: So you are saying criminals can steal funds and just create a brand new address to send to before binance? In the meantime, Binance announced today the launch of their Binance Jersey fiat exchange. The platform is aimed at traders from Europe and it offers BTC/GBP, ETH/GBP, BTC/EUR, and ETH/EUR trading pairs. What do you think of Binance missing the transactions in question? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack appeared first on Bitcoinist.com.
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