• Huobi Ethereum 2.0 staking
    Ethereum

    Huobi announces ETH staking support ahead of Ethereum 2.0 launch

    The crypto exchange will allow its users to stake Ether by pressing a single button, a necessary step to the shift to a proof-of-stake consensus mechanism

    The announcement explains that the users will be able to change their Ether into Beacon Ether (BETH) and receive staking rewards for securing the new blockchain.

  • Huobi Filecoin IPFS Web 3.0
    Alt coins,  Technology

    Huobi, Protocol Labs jointly launch $10M Web 3.0 incubation center

    The two firms will collaborate to incubate, invest in, and develop communities for projects that employ IPFS and Filecoin

    Protocol Labs user experience lead Jessica Schilling said interplanetary file system, or IPFS, aims to break the internet free from the monopolistic control of a few mega-corporations like Amazon, Microsoft, Google, and China’s Alibaba and Tencent. She also noted that the system can prevent censorship in places like Turkey, where a local version of Wikipedia is being hosted after the government blocked access to the standard Web 2.0 version of the site.

  • Huobi founder Du Jun returns
    People,  Regulation

    Crypto exchange Huobi’s co-founder returns

    Du Jun highlighted legal compliance and customer funds security as areas he will focus on after three years building other businesses

    In his return’s announcement, Jun highlights the importance of regulatory compliance for Huobi, pointing out that the exchange and some of its subsidiaries obtained licenses from both Gibraltar and Hong Kong’s Securities and Futures Commission, among others. The company is also applying for a Hong Kong Virtual Exchange Compliance License and Singapore PSA License.

  • Huobi purchase Bitflyer bithumb
    Politics,  Regulation

    Is China’s top crypto exchange Huobi looking to acquire South Korea’s and Japan’s top exchanges?

    A reporter suggests that Huobi is willing to acquire Japan’s largest exchange Bitflyer and Korea’s largest exchange Bithumb, but an investigation has put the deals on hold

    The acquisition of the two competitors would make Huobi one of the most powerful firms in crypto, considering that according to CoinMarketCap data Huobi is already the second most liquid cryptocurrency spot exchange. Bitflyer, on the other hand, is the seventh, and Bithumb the fifth.