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.
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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.
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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.
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Are Chinese legal troubles are interfering with acquisitions by Huobi Group and its founder Leon Li (Photo: Huobi Group)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.
