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Lawyer Accuses Huobi of Operating a Cryptocurrency Exchange That’s ‘Held Accountable Nowhere’

Lawyer Accuses Huobi of Operating a Cryptocurrency Exchange That’s ‘Held Accountable Nowhere’Houbi Global, which is based in Seychelles, has been accused by lawyer Jonathan Levy of operating without accountability to any jurisdiction. The lawyer adds that the exchange’s physical address in the island nation is for mailing purposes only. Accountability Issues U.S.-based lawyer Jonathan Levy has accused Huobi cryptocurrency exchange of running a decentralized global operation […]

Report: Binance Thwarted Scams to the Tune of $129M in 2024

Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing

Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve BackingThe crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with USD. HUSD Monthly Attestations On Thursday, more than $117 billion […]

Report: Binance Thwarted Scams to the Tune of $129M in 2024

Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives 

Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives The Seychelles-based cryptocurrency exchange originally founded in China, Huobi, has officially banned Chinese residents from swapping cryptocurrency derivatives, according to the company’s revised user agreement. China is now listed as prohibited and residents from the country are forbidden to use Huobi’s service. Chinese Citizens Are Now Banned From Huobi’s Crypto Derivatives Products The digital currency […]

Report: Binance Thwarted Scams to the Tune of $129M in 2024