Chinese Authorities Confiscate $15 Million in Cryptocurrencies, Arrest 10 Scammers

Chinese authorities have seized cryptocurrencies worth about $15 million while bringing down a scam involving fake Huobi tokens.

Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials

The Chinese police arrested a crypto scammer gang in Wenzhou that reportedly swindled $14.3M in cryptocurrencies.

Chinese Police Dismantle $14M Crypto Scam

The Chinese police busted a massive crypto scam in Wenzhou that managed to amass over $14.31 million. The Chinese authorities dismantled a significant crypto-related scam in Wenzhou.

China busts huge crypto scam, seizes Ferrari, villas and $15 million

A group of alleged crypto scammers sold fake Huobi Tokens to their unsuspecting victims, says a local report.

Chainlink Rises 15% Amid China’s Blockchain Network Launch

LINK token experienced a massive price surge as China’s national blockchain network activated 135 nodes with integrated Chainlink price oracles. Chainlink (LINK) reached an all-time high of $5.60, appreciating 15% on the day.

Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020

Crypto derivatives trading volumes plunged 36% to $393 billion in June, the lowest they have reached in 2020, according to a new report by Cryptocompare.

Huobi Becomes First Major Exchange to Run a Chainlink Node

Huobi has become the first major exchange to run a Chainlink node in an effort to improve data authenticity and integrity. Major cryptocurrency exchange Huobi will integrate their price data with Chainlink’s ecosystem in an effort to improve its own data integrity and provide more accurate price information. While Binance was the first major exchange to provide their data to Chainlink oracles in October 2019, Huobi has gone one step further by running its own node on the system through Huobi Wallet.

Domain-powered Transfers: Huobi Wallet in Unstoppable Domains Deal

Huobi Group's multi-chain Huobi Wallet has teamed up with Unstoppable Domains, a San Francisco-based company that builds domains on blockchain networks, enabling wallet users to transfer their cryptocurrencies using .crypto domains.

Huobi Japan to list regulator-approved Huobi Token

Huobi Token is the first foreign exchange token approved by the Japan’s financial regulator.

HODLers Prevail: Nearly 60% Of Mined Bitcoin Is Held By Long-Term Investors, Report Says

According to a recent report, the majority of all mined bitcoins are held by long-term investors, while only 19% is utilized for trading.

Ripple, Brave, and Huobi Join Instant Global Payments Network PayID

Ripple, Brave, Huobi and 40 other companies have joined the Open Payment Coalition to launch instant payment network PayID worldwide. More than 40 companies including Ripple, Brave and Huobi have joined forces to form the Open Payments Coalition and launch universal payments system PayID. Reaching more than 100 million consumers, the new payment process will allow users to send or receive money anywhere in the world across any payment network in real time. Users can provide an email address or a phone number linked to their bank account to instantly receive money without requiring complicated bank account numbers, international codes, routing numbers or SWIFT IDs.  Cryptocurrency and blockchain companies involved include BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BTC Markets, CipherTrace, Coinone, Crypto.com, Huobi, Independent Reserve, Liquid, Ripple and many more. Ripple’s Ethan Beard said PayID aimed to make global payments simple and fast.

Crypto.com enters Bitcoin derivatives market to rival OKEx, Huobi

Crypto.com’s new exchange doesn’t shift a whole lot of volume, but it still wants to play with the big dogs.

Six Crypto Heavyweights Join ETH 2.0 Staking Trial

ConsenSys has announced that six top crypto firms will receive early access to its ETH 2.0 staking platform. Six high-profile crypto firms will participate in an ETH 2.0 staking pilot project using the ConsenSys Codefi platform. On June 17, ConsenSys tweeted that cryptocurrency exchanges Binance and Crypto.com, digital asset custody providers Trustology, Matrixport, and Huobi Wallet, and investment firm DARMA Capital would receive early access to an ETH 2.0 staking pilot thorough its decentralized finance Codefi platform. Increasing excitement for ETH 2.0 The move comes amid increasing excitement for the long-awaited ETH 2.0, which will integrate a Proof-of-Stake (PoS) consensus mechanism into Ethereum (ETH).  The rollout will see a network of validators receive fees in exchange for securing the Ethereum network.

ConsenSys Spins Up Staking Service in Anticipation of Ethereum 2.0

Ethereum development house ConsenSys is being backed by heavy hitters like Binance and Huobi to test its new “staking-as-a-service” offering.

Huobi launches bi-quarterly Bitcoin futures with 125x leverage

Crypto exchange Huobi is among the largest players in the derivatives market.