A DeFi service and tech provider says its “Cloud SaaS” and white-label crypto trading platform solution has served more than 130 partners around the world — onboarding more than 5 million retail traders and taking custody of assets worth $6 billion as a result. Bluehelix says it provides crypto-to-crypto trading, wealth management, over-the-counter services, as well as options contracts. Currently, it has also launched perpetual contracts to licensed brokers and exchanges with both Tether (USDT) Margin Swap and Coin Margin Swap — either on a Software-as-a-Service basis or via a white-label solution. Bluehelix states its SaaS cloud solution enables partners …

The BitMEX Insurance Fund has added nearly 13,000 BTC in 2019, reaching a total of just over 33,491 BTC as of Dec. 30. This is equivalent to 0.19% of the total Bitcoin in circulation, based on the data available at Blockchain.com. The fund, which the cryptocurrency exchange set up to ensure that liquidation orders related to leveraged positions are filled, ended 2018 with almost 20,800 BTC. This means that the fund has seen a 61% increase since the start of 2019. How does the BitMEX Insurance Fund work? Crypto derivatives exchange BitMEX set up the fund to give margin traders …

Users of IOTA, the 24th biggest cryptocurrency by market cap, were unable to confirm transactions for 24 hours due to a mainnet incident on Dec. 29. According to an official statement on the issue, the IOTA network experienced a mainnet incident that began at 2:50 AM UTC on Dec. 29, and was fully resolved by 2:50 AM UTC on Dec. 30. The incident was caused by an unusual set of transactions that may have been constructed as an attack As described in a Dec. 30 blog post by Iota Foundation, the problem was caused by issues at the IOTA Reference …

Cryptocurrency exchange Huobi is launching a fiat gateway in Indonesia to enable fiat-to-crypto trading between the Indonesian Rupiah (IDR) and Tether (USDT). In a Dec. 27 press release, the Huobi Group announced that the launch of the new fiat-currency gateway will make it possible for Indonesian investors to utilize the IDR to trade more than 250 cryptocurrencies available on its Indonesian subsidiary, Huobi Indonesia. Senior director of Huobi Cloud David Chen commented: "The new fiat gateway is part of Huobi's global expansion strategy and reflects our ongoing commitment to working with strong local partners in key markets across the globe …

Japanese financial services firm Tokai Tokyo Financial Holdings will invest about 500 million yen (nearly $4.6 million) in the Japanese branch of cryptocurrency exchange Huobi. According to a press release on Dec. 26, the investment is part of a broader collaboration with Huobi Japan, wherein Tokai will acquire shares in the exchange. Tokai did not immediately respond to Cointelegraph’s request for details regarding the share acquisition. This article will be updated once more information is forthcoming. Tokai intends to use the partnership with Huobi to promote new businesses in the areas of crypto asset exchange, initial exchange offerings, local currency …

Global crypto exchange Huobi completes its executive pursuit in Turkey by appointing Alphan Gogus, a veteran in crypto and finance, as the new general manager for Huobi Turkey. A new manager for a growing market Global crypto exchange Huobi has brought on Alphan Gogus as the general manager for Huobi Turkey, according to a press release shared with Cointelegraph on Dec. 11. Alphan Gogus is a well-known figure in Turkey's crypto industry, which is showing rapid growth with the recent expansion of global crypto exchanges like Huobi and Binance to the market. Prior to his role at Huobi Turkey, Alphan …

HBUS, the operator of United States-based crypto exchange Huobi.com, is ceasing its operations, according to a tweet posted on Dec. 9. San Francisco-based cryptocurrency trading platform HBUS said in the announcement: “We regret to inform you that HBUS will need to cease operations so that it can return in a more integrated and impactful fashion as part of its ongoing strategic layout.” The move comes right after Huobi Global announced that it would freeze all U.S. customers’ accounts by mid-November. Explaining the decision, Huobi stated that the American regulatory environment for cryptocurrencies had forced it to prohibit U.S.-based users from …

A company providing cloud-based crypto trading software that enables transactions to be completed automatically has unveiled support for another crypto exchange. TradeSanta says its users can now connect to their Huobi accounts. The exchange is one of the world’s biggest in terms of trading volume — and reportedly serves 5 million clients in 130 countries, including the United States. Other leading exchanges including Binance, HitBTC, Bittrex, Upbit and Bitfinex are also supported by TradeSanta — with the likes of BitMEX and OKEx set to be added in the not-too-distant future. According to TradeSanta, there has been growing interest in its …

Cryptocurrency exchange Huobi has open-sourced the development of its Huobi Chain blockchain, the company has confirmed. In a press release shared with Cointelegraph on Nov. 12, Huobi said that Huobi Chain, which it unveiled in June, was now available to any GitHub developer. Huobi encourages regulator involvement The aim, it explains, is further interaction between developers and regulators, Huobi Chain’s target audience. “Since the start of this project, our goal was to create an inclusive ecosystem where all stakeholders from developers to regulators can collaborate and leverage the full potential of blockchain technology,” Leon Li, founder and CEO of Huobi …

Cryptocurrency exchange Huobi Global has announced that it will freeze all United States customers’ accounts on Nov. 13. In a blog post on Nov. 3, Huobi stated that its user agreement expressly prohibits customers in the U.S. from using its trading platform. For this reason, Huobi has been gradually disabling U.S customers’ accounts to “prevent any further trading or transferring.” The exchange, which recently rolled out a cryptocurrency exchange in Argentina, is providing U.S. customers with a grace period until Nov. 13, when it will go ahead and freeze accounts of all U.S users. Until this date, the exchange will …

Over the past week, the global crypto community bore witness to a unique case wherein California resident and blockchain entrepreneur Seth Shapiro filed a lawsuit against American telecom giant AT&T — alleging that a couple of the firm’s employees had perpetrated a nefarious SIM-swap scheme that resulted in the former losing $1.8 million in various crypto assets. Shapiro, who is a two-time Emmy Award-winner, as well as an author and adjunct professor at the University of Southern California School of Cinematic Arts, filed the aforementioned lawsuit against AT&T on Oct. 17, claiming that between May 16, 2018 and May 18, …

Licensed crypto exchange Huobi Japan has raised 5 million yen ($4.6 million) from Financial Products Group (FPG), a financial instruments business operator. The development was revealed in a press release shared with Cointelegraph on Oct. 25. Future cooperation on digitized securities Huobi Japan is a wholly-owned subsidiary of major Singapore-based crypto exchange Huobi, which serves traders across over 130 countries. The platform launched this January as a fully compliant entity after a merger with BitTrade — one of only 16 crypto exchanges at the time to have secured a license under the aegis of Japan’s national financial regulator, the Financial …