Tag Archives: Exchanges

Crypto Platform Huobi Launches ‘All-In-One’ Stablecoin Amid Tether Fears

Huobi Launches “All-In-One Program” In the midst of the Tether/Bitfinex debacle, Huobi, a world-renowned crypto platform, has unexpectedly made a move to revolutionize how stablecoins — crypto assets tied to the value of a relatively stable asset — work in this emerging market. On Friday morning, the crypto platform, which is headquartered in Singapore, released an announcement titled “Announcement… Read More »

Report: North Korea’s Lazarus Hackers Have Stolen $571M In Crypto

North Korean Lazarus Hacking Group Thrashes Crypto Exchanges You may not have heard of them, but reports claim that the North Korea-based Lazarus hacker consortium is responsible for some of the crypto industry’s most-damaging hacks in the past 12 months. As reported by Etehreum World News in late-August, at one point, the group reportedly utilized a piece of… Read More »

Tether Floods Into Kraken Exchange, Where Crypto Traders Can Get Dollars

Tether (USDT) tokens are flooding into a wallet address controlled by the Kraken exchange, one of the few places where the troubled stablecoin can be converted into U.S. dollars. The exchange’s wallet balance stands at nearly 47.8 million USDT at the time of writing, making it the eighth-most valuable wallet holding this asset, according to the Tether Rich List.… Read More »

One [Stable]coin to Rule Them All? Huobi’s New Program Lets Users Swap Between Tokens

Advertisement Singapore-based cryptocurrency exchange Huobi Global today introduced an all-in-one stablecoin program called HUSD, which will allow traders to convert between four USD-pegged cryptocurrency tokens. HUSD: Huobi’s All-in-One Stablecoin Solution According to the announcement, the HUSD solution aims to reduce the need to choose between multiple stablecoins, as well as to cut down transaction costs incurred when switching… Read More »

Global AML Watchdog to Release Crypto Regulations By Next June

A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer. According to a Reuters report Friday, the Financial Action Task Force (FATF) – the France-based intergovernmental body founded in 1989 to develop policies for tackling money laundering – said that global jurisdictions will have to bring into force licensing schemes or regulations for… Read More »

North Korean Hacking Group Lazerus Stole $571 Million in Cryptos: Report

North Korea’s infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. According to an article published Friday by The Next Web, the coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571 million from the… Read More »

BREAKING: Binance is Now Back Online

The cryptocurrency exchange of Binance was earlier this day having issues with its Database and data synchronization on the platform. This in turn resulted in the team issuing an announcement that they will be carrying out a system maintenance that might last till 14:00 UTC.  The exchange had guaranteed that all user funds were safe and sound. Binance… Read More »

Crypto Exchange Huobi Now Lets Users Swap Between 4 Different Stablecoins

Huobi, the Singapore-based cryptocurrency exchange, has just launched a new solution that enables users to switch between different types of fiat currency-pegged cryptocurrencies, or stablecoins, in event of market fluctuations. Announcing the solution, called HUSD, at a press conference on Friday, the firm said Paxos’ PAX, TrustToken’s TUSD, Circle’s USDC and the Gemini exchange’s GUSD tokens are being… Read More »

Binance System Maintenance Extended till 14:00 UTC, All Funds are SAFU

At around 5am UTC, the CEO of Binance, Changpeng Zhao, informed loyal clients of the exchange, that they were having issues with one of their Databases. The tweet went on to explain that a number of API users will not be able to see their orders correctly. Regular users of the Web application and mobile app were not… Read More »