Huobi Korea Set To Breakoff From Parent Entity: Report
Summary:
The Korean division plans to operate on its own and separate from Huobi Global, the parent company of the Singapore-based crypto exchange.Local media house News1 reported ongoing negotiations for an equity deal between major shareholders.The separation comes on the heels of staff cuts and changes to the company’s operational structure. Huobi Korea is on the verge of separating from its parent entity amid internal restructuring and staff cuts, local media outlet News1 reported on Monday. According to the report, the Korean division of the major crypto exchange plans to operate a standalone business moving forward.
As part of the process, major stakeholders within the company will negotiate an equity deal. Huobi Global Founder Leon Lin currently who owns roughly 72% of the platform’s Korean subsidiary, will reportedly split ownership between Chairman Jo Guk-Bong and other majority shareholders at the crypto exchange per New1’s report.
Summary:
The Korean division plans to operate on its own and separate from Huobi Global, the parent company of the Singapore-based crypto exchange.Local media house News1 reported ongoing negotiations for an equity deal between major shareholders.The separation comes on the heels of staff cuts and changes to the company’s operational structure. Huobi Korea is on the verge of separating from its parent entity amid internal restructuring and staff cuts, local media outlet News1 reported on Monday. According to the report, the Korean division of the major crypto exchange plans to operate a standalone business moving forward.
As part of the process, major stakeholders within the company will negotiate an equity deal. Huobi Global Founder Leon Lin currently who owns roughly 72% of the platform’s Korean subsidiary, will reportedly split ownership between Chairman Jo Guk-Bong and other majority shareholders at the crypto exchange per New1’s report.
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a token called “FUD (FTX User’s Debt)” has been circulating on the Tron blockchain and is listed on Huobi.
FTX Debtors Leverage Official Twitter Account to Inform CommunityFTX debtors who control the official FTX Twitter account are warning the community about entities claiming to be associated with the now-defunct cryptocurrency exchange. The company filed for Chapter 11 bankruptcy, and the restructuring team and debtors use the official FTX Twitter account often to inform the community of updates. On Feb. 17, 2023, the debtors issued a warning, stating that the bankrupt firm has not issued any debt tokens.
“The FTX Debtors remind stakeholders to be on alert for scams from entities claiming to be affiliated with FTX,” the bankrupt exchange’s official Twitter account said on Friday. “The FTX Debtors have not issued any debt token and any such offers are unauthorized.”
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a token called “FUD (FTX User’s Debt)” has been circulating on the Tron blockchain and is listed on Huobi.
FTX Debtors Leverage Official Twitter Account to Inform CommunityFTX debtors who control the official FTX Twitter account are warning the community about entities claiming to be associated with the now-defunct cryptocurrency exchange. The company filed for Chapter 11 bankruptcy, and the restructuring team and debtors use the official FTX Twitter account often to inform the community of updates. On Feb. 17, 2023, the debtors issued a warning, stating that the bankrupt firm has not issued any debt tokens.
“The FTX Debtors remind stakeholders to be on alert for scams from entities claiming to be affiliated with FTX,” the bankrupt exchange’s official Twitter account said on Friday. “The FTX Debtors have not issued any debt token and any such offers are unauthorized.”
StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
March 23, 2023 – London, United Kingdom
StormGain, the all-in-one crypto platform, has announced the launch of StormGain DEX, a new platform for decentralized trading.Following several weeks of successful trials, the DEX has exited beta and is open to the public.
StormGain DEX supports decentralized trading of digital assets with no custodial risk. Users retain control of their keys and thus their coins at all times.
March 23, 2023 – London, United Kingdom
StormGain, the all-in-one crypto platform, has announced the launch of StormGain DEX, a new platform for decentralized trading.Following several weeks of successful trials, the DEX has exited beta and is open to the public.
StormGain DEX supports decentralized trading of digital assets with no custodial risk. Users retain control of their keys and thus their coins at all times.
‘Fast Track’ Crypto Registration Mulled By French Watchdog After MiCA Vote
Summary:
The French Financial Markets Authority could fast-track crypto registration for companies like Binance that already run regulated digital asset businesses in France.Regulators in France are considering the sped-up regime as the EU’s landmark MiCA bill was overwhelmingly backed by legislators, beckoning a new crypto regulatory era across European states.The French AMF also noted that lawmakers would continue to assess rules for DeFi and NFTs as these two ecosystems do not fall under MiCA’s purview.Regulators from the French Financial Markets Authority (AMF) are moving to fast-track crypto registration for approved digital asset businesses in the country. The AMF’s decision comes after lawmakers from the European Union voted in favor of the Markets in Crypto Assets Bill or MiCA which will dwarf existing crypto regulations across EU states like France.
MiCA’s bloc-wide rules require crypto businesses and wallet providers to register for a license under strict regulations. Stablecoin operators must also hold sufficient reserves for the coins they issue. The bill garnered massive support from lawmakers, winning votes 13-1 during a parliamentary session on Thursday. MiCA takes effect from 2023, 12-18 months after the bill is passed and Published in the bloc’s Official journal.
Summary:
The French Financial Markets Authority could fast-track crypto registration for companies like Binance that already run regulated digital asset businesses in France.Regulators in France are considering the sped-up regime as the EU’s landmark MiCA bill was overwhelmingly backed by legislators, beckoning a new crypto regulatory era across European states.The French AMF also noted that lawmakers would continue to assess rules for DeFi and NFTs as these two ecosystems do not fall under MiCA’s purview.Regulators from the French Financial Markets Authority (AMF) are moving to fast-track crypto registration for approved digital asset businesses in the country. The AMF’s decision comes after lawmakers from the European Union voted in favor of the Markets in Crypto Assets Bill or MiCA which will dwarf existing crypto regulations across EU states like France.
MiCA’s bloc-wide rules require crypto businesses and wallet providers to register for a license under strict regulations. Stablecoin operators must also hold sufficient reserves for the coins they issue. The bill garnered massive support from lawmakers, winning votes 13-1 during a parliamentary session on Thursday. MiCA takes effect from 2023, 12-18 months after the bill is passed and Published in the bloc’s Official journal.
CME Group to Allow Bitcoin Contracts to Expire Every Day of the Week
CME Group in Chicago, one of the world’s biggest derivatives marketplaces, says it’s going to be expanding its Ethereum and bitcoin-based options across both standard and micro-sized contracts.
CME Group to Establish All-Day Bitcoin Contract TradingThe news comes right as several other Ethereum and bitcoin-focused contracts are reaching their expirations now in late May. Through these new contracts, expiries are set to be available every day from Monday through Friday of each week. In a statement, Giovanni Vicioso – the CME Group global head of cryptocurrency products – said:
We are pleased to offer these new options contracts to provide market participants with greater precision and versatility in managing short-term bitcoin and ether price risk. Against a backdrop of heightened market volatility in the digital asset sector, we continue to see clients turn to a trusted, regulated venue like CME Group for reliable and efficient cryptocurrency risk management products.
CME Group in Chicago, one of the world’s biggest derivatives marketplaces, says it’s going to be expanding its Ethereum and bitcoin-based options across both standard and micro-sized contracts.
CME Group to Establish All-Day Bitcoin Contract TradingThe news comes right as several other Ethereum and bitcoin-focused contracts are reaching their expirations now in late May. Through these new contracts, expiries are set to be available every day from Monday through Friday of each week. In a statement, Giovanni Vicioso – the CME Group global head of cryptocurrency products – said:
We are pleased to offer these new options contracts to provide market participants with greater precision and versatility in managing short-term bitcoin and ether price risk. Against a backdrop of heightened market volatility in the digital asset sector, we continue to see clients turn to a trusted, regulated venue like CME Group for reliable and efficient cryptocurrency risk management products.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Top Doge: Alex The Doge (ALEX), Dogecoin (DOGE) Vs Baby Doge Coin (BabyDoge), Who’s All Bark and No Bite?
The meme-inspired cryptocurrency arena has witnessed an explosive growth phase over the past couple of years, with ‘Doge-themed’ tokens taking the lead. Among these, Dogecoin (DOGE), Baby Doge Coin (BabyDoge), and the recently emerged Alex The Doge (ALEX) have created a significant buzz. But as users flock to these ‘Doge-themed’ currencies, the question emerges: who among these is all bark and no bite?
The meme-inspired cryptocurrency arena has witnessed an explosive growth phase over the past couple of years, with ‘Doge-themed’ tokens taking the lead. Among these, Dogecoin (DOGE), Baby Doge Coin (BabyDoge), and the recently emerged Alex The Doge (ALEX) have created a significant buzz. But as users flock to these ‘Doge-themed’ currencies, the question emerges: who among these is all bark and no bite?
Minnesota Couple Loses Over $9,200,000 After ‘LinkedIn Adultress’ Misleads Man into Crypto Scam: Report
A couple from Eden Prairie, Minnesota are down nearly $10 million after one of them fell victim to a crypto romance scam over LinkedIn.
Police in the North Star State say a man was enticed by hitting the jackpot in a purported investment scheme that promised to pay out massive yields, according to a report from local publication Star Tribune.
A couple from Eden Prairie, Minnesota are down nearly $10 million after one of them fell victim to a crypto romance scam over LinkedIn.
Police in the North Star State say a man was enticed by hitting the jackpot in a purported investment scheme that promised to pay out massive yields, according to a report from local publication Star Tribune.
Robinhood Embraces Bitcoin And Dogecoin For Its Wallet As It Set Sights Outside Ethereum’s Ecosystem
Robinhood Wallet has announced support for new virtual currencies nearly six months after its initial launch, offering users with a range of options.
In an Aug. 30 blog post, Robinhood confirmed support for Bitcoin (BTC) and Dogecoin (DOGE) for all classes of users. Going forward, users of the self-custody wallet can hold and send BTC and DOGE, with the firm hinting at support for more assets.
Apart from Bitcoin and Dogecoin, Robinhood users can interact with various networks, including Optimism, Polygon, Ethereum, and Arbitrum.
Robinhood Wallet has announced support for new virtual currencies nearly six months after its initial launch, offering users with a range of options.
In an Aug. 30 blog post, Robinhood confirmed support for Bitcoin (BTC) and Dogecoin (DOGE) for all classes of users. Going forward, users of the self-custody wallet can hold and send BTC and DOGE, with the firm hinting at support for more assets.
Apart from Bitcoin and Dogecoin, Robinhood users can interact with various networks, including Optimism, Polygon, Ethereum, and Arbitrum.
Trader Says Altcoin That’s Exploded 370% in Four Months May Soon Witness Steep Correction, Updates Outlook on Bitcoin and Dogecoin
A crypto analyst says an under-the-radar altcoin could undergo steep correction after surging by triple-digit percentage points since June.
The pseudonymous trader Altcoin Sherpa says he believes the blockchain oracle altcoin Tellor Tributes (TRB) will be one of the “best coins” to short over the coming months.
A crypto analyst says an under-the-radar altcoin could undergo steep correction after surging by triple-digit percentage points since June.
The pseudonymous trader Altcoin Sherpa says he believes the blockchain oracle altcoin Tellor Tributes (TRB) will be one of the “best coins” to short over the coming months.
Euler Network Navigating the Metaverse – Beyond Gaming to Crypto Realms’ Future
The metaverse, a thriving frontier in the crypto world, has become a focal point of exploration and innovation. As digital realms evolve, Euler Network positions itself as a dynamic force, ready to transcend the gaming-centric landscape exemplified by cryptocurrencies like Axie Infinity (AXS) and Decentraland (MANA). By delving into Euler Network’s role in this emerging trend, we gain valuable insights into its potential in the ever-evolving digital worlds.
The metaverse, a thriving frontier in the crypto world, has become a focal point of exploration and innovation. As digital realms evolve, Euler Network positions itself as a dynamic force, ready to transcend the gaming-centric landscape exemplified by cryptocurrencies like Axie Infinity (AXS) and Decentraland (MANA). By delving into Euler Network’s role in this emerging trend, we gain valuable insights into its potential in the ever-evolving digital worlds.
TPY Hits 90-Day Peak Post HTX Listing: Can the Bullish Wave Last?
Key Insights:
Thrupenny’s TPY surges on HTX Exchange, marking a DeFi milestone with its 198M+ Primevote win.Innovation and accessibility drive Thrupenny’s TPY to a 3-month high, echoing a DeFi revolution.TPY’s bullish leap on HTX Exchange signals a new era in DeFi, powered by Thrupenny’s user-centric approach.In a recent development in the cryptocurrency world, Thrupenny has emerged as a dominant force in the decentralized finance (DeFi) sector. The company’s native token, TPY, achieved a significant milestone by winning the ninth round of HTX Primevote and securing a much-coveted listing on the HTX Exchange.
#Thrupenny remarkable victory in the HTX #Primevote 9 resulted in $TPY securing a listing on @HTX_Global! That's not all! This great news is being featured on @CointelegraphJoin us in celebrating this triumph of #DeFi innovation & accessibility. Read the full story… pic.twitter.com/ufnKYI1W6i
Key Insights:
Thrupenny’s TPY surges on HTX Exchange, marking a DeFi milestone with its 198M+ Primevote win.Innovation and accessibility drive Thrupenny’s TPY to a 3-month high, echoing a DeFi revolution.TPY’s bullish leap on HTX Exchange signals a new era in DeFi, powered by Thrupenny’s user-centric approach.In a recent development in the cryptocurrency world, Thrupenny has emerged as a dominant force in the decentralized finance (DeFi) sector. The company’s native token, TPY, achieved a significant milestone by winning the ninth round of HTX Primevote and securing a much-coveted listing on the HTX Exchange.
#Thrupenny remarkable victory in the HTX #Primevote 9 resulted in $TPY securing a listing on @HTX_Global! That's not all! This great news is being featured on @CointelegraphJoin us in celebrating this triumph of #DeFi innovation & accessibility. Read the full story… pic.twitter.com/ufnKYI1W6i
Orbit Bridge in Talks With International Law Enforcement After Suffering Over $81,000,000 Exploit
The decentralized cross-chain protocol Orbit Bridge is in talks with law enforcement agencies after a hacker looted the project for more than $81 million worth of crypto.
The hacked project serves as a bridging service for Orbit Chain (ORC), a cross-chain platform focused on scalability.
Orbit Chain announced the hack on Sunday, then noted the following day that it had requested major global cryptocurrency exchanges to freeze the stolen assets.
The decentralized cross-chain protocol Orbit Bridge is in talks with law enforcement agencies after a hacker looted the project for more than $81 million worth of crypto.
The hacked project serves as a bridging service for Orbit Chain (ORC), a cross-chain platform focused on scalability.
Orbit Chain announced the hack on Sunday, then noted the following day that it had requested major global cryptocurrency exchanges to freeze the stolen assets.
US Government Announces New Probe Into Cryptocurrency Mining Operations in the United States
The U.S. Energy Information Administration (EIA) is announcing that it will be carefully examining crypto mining operations in the country.
In a recent press release, the EIA, a statistical and analytical agency within the U.S. Department of Energy, says that it wants to keep track of how much electricity is being used by US firms that mine digital assets.
The U.S. Energy Information Administration (EIA) is announcing that it will be carefully examining crypto mining operations in the country.
In a recent press release, the EIA, a statistical and analytical agency within the U.S. Department of Energy, says that it wants to keep track of how much electricity is being used by US firms that mine digital assets.
Trader Says Altcoins Ready To Witness Next Push to the Upside, Predicts Rallies for Chainlink Challenger
A widely followed crypto analyst says altcoins are ready for the next big leg up while predicting a huge rally for one Chainlink (LINK) competitor.
In a new thread, crypto strategist Michaël van de Poppe tells his 692,000 followers on the social media platform X that altcoins could double up in the coming months.
A widely followed crypto analyst says altcoins are ready for the next big leg up while predicting a huge rally for one Chainlink (LINK) competitor.
In a new thread, crypto strategist Michaël van de Poppe tells his 692,000 followers on the social media platform X that altcoins could double up in the coming months.
Nibiru Chain Debuts Public Mainnet Along With Four Major Exchange Listings
March 12, 2024 – Tortola, British Virgin Islands
Nibiru Chain, a developer and user-centric layer one platform, has officially launched its public mainnet.Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant DApps (decentralized applications).
It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, RWAs (real-world assets), NFTs, DeFi and more.
March 12, 2024 – Tortola, British Virgin Islands
Nibiru Chain, a developer and user-centric layer one platform, has officially launched its public mainnet.Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant DApps (decentralized applications).
It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, RWAs (real-world assets), NFTs, DeFi and more.
Over 2.52-Million Of New Bitcoin Rival, Mollars Bought As Token Presale Ends
The final days of the Initial Coin Offering for the new Bitcoin alternative on the Ethereum blockchain have come. The Mollars token presale momentum continues to surge, signalling a remarkable journey for this groundbreaking project as it’s raised 2% more in funding in the last 48 hours. Over 2.52 million tokens have been presold, with just over 1.4 million remaining at the discounted ICO price. With only 2 weeks left, these pre-exchange listing tokens may not sell out, but Mollars appears to be on track to sell the full supply of 10M tokens this year, still.
The final days of the Initial Coin Offering for the new Bitcoin alternative on the Ethereum blockchain have come. The Mollars token presale momentum continues to surge, signalling a remarkable journey for this groundbreaking project as it’s raised 2% more in funding in the last 48 hours. Over 2.52 million tokens have been presold, with just over 1.4 million remaining at the discounted ICO price. With only 2 weeks left, these pre-exchange listing tokens may not sell out, but Mollars appears to be on track to sell the full supply of 10M tokens this year, still.
Brad Garlinghouse Says Crypto Regulatory Progress More Likely To Happen After 2024 Elections
Ripple chief executive Brad Garlinghouse is “a little bit skeptical” that landmark crypto legislation will be passed in the US before the presidential election in November.
In a new interview with CNBC, Garlinghouse acknowledges that the Biden Administration has been “softening” its rhetoric against crypto, but he still thinks real regulatory developments probably won’t happen until 2025.
Ripple chief executive Brad Garlinghouse is “a little bit skeptical” that landmark crypto legislation will be passed in the US before the presidential election in November.
In a new interview with CNBC, Garlinghouse acknowledges that the Biden Administration has been “softening” its rhetoric against crypto, but he still thinks real regulatory developments probably won’t happen until 2025.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game