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

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Binance, Huobi and IDAX to support EOS hardfork and network upgrade

Prominent crypto exchange Binance announced, “Binance will support the upcoming EOS hard fork and network upgrade.” The post mentioned that while the hardfork will result in a temporary suspension of EOS withdrawals and deposits, the trading of EOS will not be affected. Binance has further warned investors to “leave sufficient time for deposits to be […] The post Binance, Huobi and IDAX to support EOS hardfork and network upgrade appeared first on AMBCrypto.

Blockchain Project Incubator Huobi Labs Announces Winter’s Intake, Requests Suitable Applications

Blockchain project incubator, Huobi Labs has announced its winter intake and is inviting blockchain projects to forward their applications for consideration ahead of its Silicon Valley Summit later this month. Huobi Invites Suitable Applicants An official announcement in the form of a blog post confirmed that the Huobi Labs Silicon Valley Summit is slated for September 23rd, from 5:30-9:00 pm. The event will be held at the Stanford University Faculty Club. An invitation form has also been shared on the official Twitter handle of Huobi Global. Are you a new project in the blockchain space? Huobi Labs, the world's leading blockchain project incubator is now taking applications! We invite you to be part of the selection process to meet with Huobi Labs & investment institutions. Apply : — HuobiGlobal (@HuobiGlobal) September 20, 2019 According to the announcement, The Summit is to officially open the “Winter 2019 Batch of the World’s Leading Project Incubation Program. Also, to introduce the partnership strategy and also to discuss the coming trends in the Blockchain ecosystem with top capitals and incubators in the United States.” The Speakers include Jinyan Yang, the General Manager of Huobi Labs, Lei Zhao, and the Director of Huobi Labs. Also, in attendance are some leading investment institutions, media houses as well as high potential Blockchain projects. Huobi Labs has been in existence for about four years as a blockchain incubator which is located in various cities across the globe. It offers a range of services to emergent blockchain enterprises. In their portfolio are successful projects like DATA, IOST, CoinMeet, etc. Other Developments At Huobi Global Recently, Huobi, the exchange announced that its Huobi pool had become a node after participating in HPB’s Fifth Node Election. This development, according to the announcement, would enable Huobi pool-turned-node to support the “construction and future development of the HPB node ecosystem in various aspects, such as wallets, transactions, and more.” The @HuobiGlobal Pool successfully becomes a #node! Having been elected through the election cycle, we are excited to have another strong #node holder join the #HPB ecosystem! — HPB Foundation (@HPB_Global) September 19, 2019 Also, the exchange rolled out a press release recently in which it announced the launching of Huobi Argentina, using Huobi cloud, a service which allows users to build over-the-counter (OTC) and digital asset exchanges on top of Huobi’s existing platform. The post Blockchain Project Incubator Huobi Labs Announces Winter’s Intake, Requests Suitable Applications appeared first on Coingape.

Huobi fiat-to-crypto exchange may address Argentina’s inflation problem

Argentina, long a cornerstone economy for Latin America, and the world’s eighth-largest country, has been plagued by debt and diminished financial opportunities. While this troubling reality plays out in different ways, one of the most obvious ramifications is the country’s inflation rate, which exceeded 50 percent in August 2019. Like citizens in many other countries with fractured governments and fledgling economies, consumers are turning to decentralized digital currencies to help maintain the value of their financial assets and to facilitate commerce. Recognizing the practical importance of cryptocurrencies in the global economy, Singapore-based Huobi Group, one of the largest crypto platforms in the world, is introducing an exchange in Argentina that will include a fiat-to-crypto cryptocurrency gateway. Tangible Tech Currently, Huobi’s OTC crypto service allows users in Argentina to purchase digital assets with Argentine Pesos; however, the fiat-to-crypto gateway will expand accessibility by enabling more buying methods for users. Specifically, Argentinian users will be able to buy crypto using credit cards, bank transfers, and local digital payment methods. Practically, this provides Huobi’s Argentinian users more flexibly when acquiring and using digital currencies as a direct replacement for the country’s national currency. With inflation driving up costs and reducing buying power, a seamless service can have a transformative effect on the local economy. The move reflects Huobi’s broad expansion into regions ready for a crypto transformation. In June, Huobi announced an expansion into Turkey, a country with close to 20 percent crypto adoption rate. Commenting on the launch, Carlos Banfi, CEO of Huobi Argentina, notes: “Argentina is South America’s most promising market for blockchain development. There already exists a general consensus to break from reliance on the local currency and banks, and with Huobi’s entrance into the market, it is a great opportunity to move the needle on blockchain and crypto adoption  in Argentina.” Huobi isn’t the only platform expanding into Argentina. In March, Binance announced a fiat-to-crypto exchange, but, despite their early announcement, Huobi brought their product to market first. Consumers Turn to Crypto Around the world, consumers aren’t waiting around for governments to repair their economies, choosing instead to embrace digital currencies as a practical way to participate in the economy. For instance, in Venezuela, where spiraling inflation rates are even more pronounced, consumers turned to Bitcoin to buy and sell the goods and services necessary to facilitate their daily lives. As Carlos Hernández, a Venezuelan economist, wrote in The New York Times, “Bitcoin has saved my family.” Meanwhile, in Argentina, crypto users are hoping that digital assets can help stave off the drastic implications of more fledgling economies. Huobi’s fiat-to-crypto gateway can play an important piece in these efforts, offering a quick way to maintain monetary value for local residents. In many ways, these efforts are reflective of the original intention for Bitcoin, which purposed to provide a decentralized value transfer system that operated outside of traditional financial vehicles. However, as world events continually demonstrate, platforms have to combine these two approaches by offering a simple way for users to translate fiat into crypto. That’s the tangible need for users in Argentina, Turkey, Venezuela, and beyond. What’s more, platforms like Huobi are preparing to fill the void. The post Huobi fiat-to-crypto exchange may address Argentina’s inflation problem appeared first on CryptoSlate.

76% Of All Crypto Derivatives Traded On Huobi Or OKEx

When most people think of crypto derivatives, they immediately think of BitMEX. The Seychelles-based exchange is one of the oldest and most high-profile crypto derivatives platforms around. But in a new report released today by analytics site CryptoCompare, researchers found rival exchanges had been quick to snap-up market share in response to the growing demand for crypto derivatives. In the case of OKEx and Huobi, trading volumes have actually superseded that of BitMEX. At approximately $10bn a day, OKEx and Huobi combined represented 76% of daily derivatives volumes the report found. Previous market leaders BitMEX and bitFlyer represented 13% and 7% of the daily volumes, respectively. Regulated alternatives formed a much smaller share of the market, with ESMA-regulated Deribit making up 4% and FCA-regulated CryptoFacilities at just 1%. Source: CryptoCompare BitMEX has still seen an uptick in trading activity, with daily volumes more than doubling from $600M in January, to $1.6bn in August. But having only launched their crypto derivatives markets at the close of last year, OKEx and Huobi have both been able to capture more of the expanding market than some of the existing providers. Huobi’s cumulative trading volume stood at $690bn by mid-August and the exchange was the first in the sector to launch instant settlements for its BTC derivatives last month. OKEx, which first beat BitMEX for daily derivatives volumes in Q1, switched to daily settled derivatives a week or so later. The CryptoCompare report also found that Huobi’s Bitcoin future, that will expire September 27, was the largest by total volume in August, followed closely by a similar product offered by OKEx. Both had larger total volumes than the perpetual BTC futures from BitMEX. Source: CryptoCompare Crypto derivatives are rapidly becoming a lucrative sector. Deribit’s COO told Crypto Briefing last month they had repeatedly fended off bids from investors looking for an equity stake in their exchange. Some bids reportedly went as high as nine-figures. Data provided exclusively to Crypto Briefing also highlighted both Huobi and OKEx have managed to maintain their market dominance with BitMEX experiencing a 3% drop so far over the course of September. The launch of the physically-delivered crypto futures exchange Bakkt next week will likely set the cat among the pigeons. Institutional investors will become the main drivers of the crypto derivatives space and it is likely that traders will begin to converge around a handful of existing providers. These existing providers are engaged in an arms race, attempting to capture a market with strong long-term potential. Those that fail to evolve in time will ultimately fade into obscurity. The post 76% Of All Crypto Derivatives Traded On Huobi Or OKEx appeared first on Crypto Briefing.

Huobi Targets Biggest Market of Cryptocurrency Adopters with Turkish Conference

Huobi Group in conjunction with Kemer Partners has announced they will be hosting the first annual Eurasia Blockchain Summit which has the makings of being the largest blockchain and cryptocurrency gathering in Turkey on October 18-19. Turkey is the focal point for this conference for a number of reasons. The Eurasian region has largely been overlooked in the cryptocurrency space with eyes falling either on the Far East; Japan, South Korea, and China, or in Europe with a number of countries there trying to vie for prominence. Yet, it has been found that in terms of cryptocurrency adoption by a percent of the population, Eurasia is rich. Turkey has been found to be the leader of cryptocurrency adoption with a reported 20 percent of the population saying they have used or owned cryptocurrencies before. Turkey even tops South American countries such as Brazil, Argentina, and Columbia, where the use of cryptocurrencies is being driven up because of weak economies and inflation of fiat currencies. However, it is unsurprising that Turkey is near the top as they also have concerns about their own economy and the power wielded by the government over the population’s money. Inflation is rife in the country, and the value of fiat is quickly depreciating because of poor economic policies pushing people towards alternative financial systems, such as cryptocurrencies. With this evident hunger and appreciation of cryptocurrencies, Huobi is hoping to provide a significant platform for showcasing of blockchain and cryptocurrency to further feed the hunger for the adoption of this technology and its associated financial system. The conference is expected to attract local and international leaders to discuss methods in advancing the development and application of blockchain technology. Announcing Huobi Global’s support for the initiative, CEO Livio Weng said: “Turkey has been an important market for us this year. Our team has been on the ground to fulfill the promises we made to the users and bring in key industry leaders to trigger conversations around blockchain that were long overdue for Turkey. As a part of this initiative, expect bigger announcements from us in the coming three months.” Importantly, members of the Turkish government, as well as c-level representatives from local banks, including BKM and SabanciDx, are also expected to make appearances at the event to discuss how the banking sector can utilize blockchain technology and payment systems in emerging markets. As a reminder, it was recently announced the Turkish Central Bank is expected to launch a blockchain-based cryptocurrency. It is a sign of where Turkey currently finds itself; admitting that there is huge potential in the blockchain and cryptocurrency space and that they can benefit from it. But more so, it is vital for all these players, from different sectors across Eurasia have a forum to come together and discuss the potential and promise of this technology for a country like Turkey. “Blockchain technology is set to be one of the most critical technological developments for Turkey in the upcoming years. By organizing the first annual Eurasia Blockchain Summit, we are giving Turkey the recognition it deserves as a hub for future development, for this year and many years following,” concluded Arfat Cenk Erkin, Founding Partner of Kemer Partners. The post Huobi Targets Biggest Market of Cryptocurrency Adopters with Turkish Conference appeared first on ZyCrypto.

Huobi Plants Its Feet in Argentina, Establishes a Local Crypto Exchange

For Huobi, Argentina is the next spot for crypto growth. This is why the company started a local exchange in the country, hoping to gain a big chunk of the Argentine market. New exchange for local users Huobi, the Singapore-based company is trying to gain a strong foothold in South America by dominating the Argentine market. It is the second-largest cryptocurrency exchange in the world by trading volume. Recently, it announced the launch of a local exchange in Argentina that would help onboard local crypto investors using the local fiat, i.e. Argentine Peso (ARS). The country is going through hyperinflation because of which locals are increasingly turning towards digital currencies. They see crypto coins as a better source of value than their own currency and therefore want to use it for transactions as well. The exchange, therefore, will create an ARS onramp for the users. It will also establish a dedicated office focused on local resources. To manage the demand, it would be creating a fiat gateway that could help the users trade their local fiat currency for any of the supported cryptocurrencies. It will also focus on providing localized customer service and products to the users. Huobi’s Argentina plan Huobi Cloud’s senior business director David Chen commented on the company’s move, saying, “The increasing demand for crypto-related products and services makes Argentina a perfect entry point for Huobi to pursue larger projects in promoting cryptocurrency and blockchain to the market.” The exchange will also allow users to buy digital coins using their bank-issued credit cards. They will also be able to deposit pesos or make wire transfers to the exchange to start trading. To compete with the local service providers, Huobi will offer users the option to get digital assets by a popular digital payments provider Mercadopago. Leon Li, the CEO of Huobi, has already discussed the idea of expanding into the Argentine economy. He met several high ranked officials to tell them about the role that blockchain could play in the country’s economic development. At the moment, the country’s hyperinflation is making users look for a different store of value. The peso has already lost over 50% of its value in 2019, panicking citizens. On the other hand, Huobi has expanded its operations rapidly in the last few years. It is now operational in the United States, Russia, South Korea, Japan, and Turkey- another economy where the value of the fiat currency experienced major issues. The post Huobi Plants Its Feet in Argentina, Establishes a Local Crypto Exchange appeared first on - Daily Cryptocurrency and FX News.
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Bakkt Launches Futures Contracts, Bitcoin Price Falls

Bakkt, a subsidiary of New York Stock Exchange owner Intercontinental Exchange Inc (NYSE: ICE), launched its long-awaited physically backed Bitcoin futures Monday.  The first Bakkt/ICE futures contract changed hands at $10,115 and the number of contracts in the first hour stood at just five total, CoinDesk reported. It's widely belived in the ...Full story available on

Late Bloomer: Why Bakkt’s Slow Start Is No Surprise

Bakkt has finally opened its platform for physically-delivered Bitcoin futures, but the response has been underwhelming. Nearly a year after the owners of the New York Stock Exchange announced their foray into cryptocurrency, markets responded to the new institutional trading venue with another 1.8% price drop. First announced last August, the long-delayed launch “was an important step toward bringing trusted infrastructure to digital assets,” wrote CEO Kelly Loeffler. The physically-settled futures platform is expected to provide a crucial infrastructure for institutional trading in cryptocurrencies. But some pundits have expressed disappointment at today’s volumes. Four hours before the market closes, only $550,000 worth of BTC futures have exchanged hands. One well-known cryptocurrency analyst described volumes as “not great,” while CoinDesk said trading on Bakkt was off to a “slow start.”   Source: Bakkt   At face value, these low volumes might suggest that institutional investors aren’t very interested in cryptocurrencies. Based on today’s activity, Bakkt volumes are unlikely to rival the futures product from CME Group, which traded $470M in its first week. But there’s an important distinction. CME’s futures are all cash-settled, meaning that all the trading is done in fiat currencies. The underlying asset may be Bitcoin, but at no point does either side have to actually hold it. From a legal perspective, that makes CME futures much simpler for institutional investors, making them no different from a similar future in wheat, maize or gold. In contrast, Bakkt’s futures are all physically delivered, meaning that the underlying assets have to be transferred on a specified date. Institutional investors have to take custody of actual bitcoins, with a lot more hoops to jump. In order to regularly trade in Bakkt bitcoin futures, institutional investors will have to consult specialized legal counsel, acquire new insurance policies, and possibly update their investors, as well as find a custodian to for the digital asset. “[S]ome of [Bakkt’s] largest prospective clients still don’t have permission to trade physically-delivered futures contracts,” wrote analysts at BeQuant Exchange in a note. “As such, [the] build it and they will come mantra may not necessarily result in an influx of new, hot money, at least not right away.” It’s hard to know what the big institutional investors were thinking when Bakkt opened up shop for the first time. But, given the fact that the platform is dealing with a volatile asset class, which has a nebulous regulatory status, it’s no surprise that many high rollers are playing wait-and-see. If there’s one lesson to be learned from Bakkt’s trading today, it’s that the cryptocurrency space still has a tendency towards overblown expectations.  Institutional investors were never going to dive headfirst into an unfamiliar asset. A cautious start to Bakkt’s futures today is a good sign, indicating that the majority of investors are still playing it safe.   The post Late Bloomer: Why Bakkt’s Slow Start Is No Surprise appeared first on Crypto Briefing.

Bakkt’s Bitcoin Futures Goes Live: Should You be Excited?

Over the past few years, the Bitcoin futures ecosystem has grown at a remarkable pace, and it is something that is surely going to stay for years to come. Initially, these futures contracts had been launched by a handful of exchanges, but over the past year or so, the number has increased considerably. Futures Trade In a development that will come as another massive boost to the Bitcoin and cryptocurrency ecosystem, the New York Stock Exchange’s owners, ICE, through its crypto exchange Bakkt has decided to launch futures contracts that will pay out traders in Bitcoins. ... ﾿ Read The Full Article On Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Tezos [XTZ] Jumps Over 4% Amids Binance Listing; CZ Hints Tezos Staking

Binance recently announced the listing of Tezos with pairs of Bitcoin(BTC), Tether(USDT) and Binance Coin(BNB).  Will Binance Enable Tezos Staking? As Per a recent tweet by Binance, it has listed Tezos and it can be paired with USDT, BTC, and BNB. Following the announcement, users can start depositing Tezos on their accounts, while the launch of trading is scheduled for the 24th of September. Source- Twitter CZ then further created hype by asking the community that did they not what was coming next. A user suggested that does the move imply Tezos staking. While CZ didn’t give a definite answer, he expressed his excitement with a “happy” emoji.  Source- Twitter The Tezos official website defines Tezos as,  “ Tezos is a self-amending blockchain that can evolve by upgrading itself, with stakeholders being able to vote on amendments to the protocol, including amendments to the voting procedure itself.” Binance. US Opens Doors for Cardano, Ethereum Classic and Stellar  Today, Binance.US opened deposits for Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM) and 0x (ZRX). Trading for these coins will begin on September 25, 2019, at 9:00 AM EST /6:00 AM PST. The announcement further mentions that the coins are temporarily only available for deposits and withdrawals will not be enabled until trading is live. Source- Twitter Also, Binance.US will commence trading on September 24, 2019 at 9:00am EST / 6:00am PST. The launch will see Binance.US list Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and Tether (USDT). These coins will be available for trading across 13 fiat-to-crypto and crypto-to-crypto trading pairs.  Source- Twitter Binance Announces 6th Phase of Lending Products In yet another update, Binance announced its 6th phase of lending products. The launch will take place on the 25th of September. In the sixth phase of Binance’s lending initiative, users will be able to lend Binance Coin(BNB), Bitcoin(BTC), EOS, Ethereum Classic(ETC), Ethereum(ETH), ChainLink(LINK), Tether(USDT) and Ripple(XRP) to earn interests payable from Sep. 25 to Oct. 09.  Traders are in for huge benefit as Binance. US enables trading. Will Binance continue to keep the crypto community happy with its developments? Let us know, what you think? The post Tezos [XTZ] Jumps Over 4% Amids Binance Listing; CZ Hints Tezos Staking appeared first on Coingape.

Nicholas Merten: Now Is the Time for Ravencoin, BAT and Chainlink

YouTube star Nicholas Merten is a fan of crypto, but like everyone else, he’s noticed the gradual downplay of bitcoin as of late. Once again, bitcoin has dropped below the $10,000 mark and is trading for just over $9,800. While this isn’t a major fall, the currency seems to have wavered between this mark and $10,200 over the past month. Merten: Altcoins Are Making a Comeback Merten isn’t concerned by this. In fact, he’s looking to use the situation to his advantage, and advises others to do the same. As the host of YouTube’s “Data Dash,” arguably one of the most popular cryptocurrency channels on the streaming and video site, Merten claims that there are three specific cryptocurrencies that are likely to shoot up now that bitcoin is wavering if people are looking to invest. Those cryptocurrencies are Basic Attention Token (BAT), Raven Coin (RVN), and Chain Link (LINK). In a recent interview, he states that these three tokens are likely to grow heavily over the next 12 months, explaining:  At the current moment, looking at [bitcoin] market dominance, it does look like we’re starting to enter into a trend shift where altcoins can start to gain as we retest back towards bitcoin’s high of $20,000. The last two [altcoin cycles] that we had were at the end of the overall bitcoin cycle where bitcoin reached $20,000. The first one happened at the beginning of 2017 when bitcoin retested its high at $1,100. For the most part, altcoins have had a relatively rough year in 2019. Bitcoin on the other hand, has experienced steady growth since April, doubling its price since then from $5,000 to about $10,000. While many have focused on bitcoin as of late, Merten says he’s starting to see funds travel into smaller, competing coins. He says:  As bitcoin does increase over time, as we tend to see a general growth in bitcoin’s price, we tend to see more risk taking in different types of digital assets. As more liquidity has entered bitcoin, you have the ability now, through exchanges, for that liquidity to exit into other alternative investments. Sometimes, that can be rampant speculation, and in other cases, it can be driven through fundamentals. I believe this time around, in this cycle, we’re going to see more going toward fundamental developed projects that actually have real demand.  Why These Three and Not Others? Chain Link is big in that it’s joined software company Oracle to help blockchains connect with outside networks. Raven Coin is significant because it allows developers to establish their own tokens, while BAT is moving forward in that it is attached to the Brave browser, which seeks to block advertisements and trackers from following one’s searches and online activity. Merten is confident BAT will be very important in the field of privacy. The post Nicholas Merten: Now Is the Time for Ravencoin, BAT and Chainlink appeared first on Live Bitcoin News.
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