Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019. Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange, Huobi Global claimed during the opening event at the Eurasia Blockchain Summit on Oct. 18. During the inaugural event hosted by Huobi Global, the company also revealed more information about its expansion into Turkey. Specifically, Huobi unveiled the successful establishment of a local team, localized language option, mobile application, exclusive trading fees as well as a detailed strategy for Huobi Turkey. By launching the gateway, Huobi will enable …

"Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local cryptocurrency magnates. The latest list was published on Oct. 10 and includes co-founders of mining giant Bitmain Micree Zhan and Jihan Wu, founder of major crypto exchange Binance Changpeng Zhao and founder of competing OKCoin — Star Xu. Lastly, Leon Li, founder of cryptocurrency exchange Huobi, is also on the list. Mining hardware producers and crypto exchanges’ CEOs Bitmain’s Zhan — with his net worth of 30 billion Chinese yuan (over $4.2 billion) — has secured for himself the 100th position on …

Singapore-based crypto and blockchain company Huobi Group has rolled out an exchange in Argentina, planning to add support for a fiat-to-cryptocurrency gateway. Per a press release shared with Cointelegraph on Sept. 17, Huobi officially launched Huobi Argentina using Huobi Cloud, a service that allows users to build over-the-counter (OTC) and digital asset exchanges on top of Huobi’s existing platform. Fiat-to-crypto gateway For now, Huobi Argentina’s users can purchase digital currencies with Argentine Pesos (ARS) using Huobi’s OTC service, but the exchange is planning to set up a fiat gateway to trade ARS for crypto in October of this year. This …

Huobi Group founder Leon Li has been appointed CEO, chairman of the board and executive director of the board of Pantronics Holdings Ltd. Changes at Pantronics A press release shared with Cointelegraph on Sept. 10 announced Li’s new roles at Hong Kong -listed holding company Pantronics Holdings Ltd. The 37-year-old Leon Li, who founded the global digital asset giant Huobi Group in 2013, will help the Hong Kong-based investment company “explore potential new opportunities.” Chris Lee, Pantronics’ current executive director added that Li’s knowledge and experience will be invaluable to the Pantronics team. He said: “The global scale of innovative …

Huobi University, the research and education arm of cryptocurrency exchange Huobi, announced its collaboration with the University of Gibraltar on various blockchain initiatives. On Sept. 5, Houbi Group, the parent company of both Huobi University and Huobi exchange, announced what the firm describes as its “first formal collaboration with a Western university.” As Cointelegraph reported in October 2018, the Government of Gibraltar in collaboration with the University of Gibraltar have created an advisory group focused on the development of blockchain-related educational courses. An official partnership Per the release, Gibraltar's Minister for Commerce Albert Isola signed a memorandum of understanding on …

The recipient wallet of the $1 billion Bitcoin (BTC) transaction on Sept. 6 is now presumed to be the first richest non-exchange address. The recipient wallet of the massive 94,504 Bitcoin ($1.031 billion) transaction is the top richest Bitcoin address that is not reportedly associated with any crypto-related company, according to data from monitoring resource Bitinfocharts. Top 5 richest Bitcoin addresses. Source: Bitinfocharts A third of the coins came from Huobi According to data by London-based blockchain data provider TokenAnalyst, at least one third of the mysterious transaction directly originates from Huobi exchange. Another analyst, blockchain data and metrics firm …

Huobi-invested startup Whole Network plans to launch its blockchain-powered smartphone Acute Angle in Southeast Asia next week. Official launch is imminent The new blockchain phone was already available to some users in China, but the actual launch of Acute Angle is scheduled for next week as part of the sixth Huobi Prime launch, according to a Finance Magnates report on Sept. 3. Priced at around $500, Acute Angle smartphone can be purchased with the exchange’s native Huobi Token (HT). The Acute Angle phone is produced by the Whole Network startup that Huobi invested in. The Whole Network’s NODE token will …

Chinese crypto exchange Huobi has seen the highest number of withdrawals from the alleged crypto Ponzi scheme PlusToken to date, according to new research. Chinese exchanges prevail New York-based blockchain infrastructure firm Elementus released a study on Aug. 23, claiming that almost 50% of the total number of PlusToken withdrawals were sent to Huobi. As Cointelegraph reported earlier in August, PlusToken apparently began a mass sell-off of Bitcoin (BTC) that may have been to blame for a $400 dip in BTC’s price over a matter of minutes. According to the research, PlusToken withdrawals on Huobi amounted to over 4.3 million …

Cryptocurrency exchange Huobi’s native Huobi Token (HT) is now available for making real-world online purchases of a wide range of products from the e-commerce platform FomoHunt. Per a press release shared with Cointelegraph on Aug. 22, users of HT can now purchase clothes, art, hardware and other products from the e-commerce and cryptocurrency industry news platform FomoHunt. James Lawrence, co-founder of FomoHunt, commented on the development: “Being able to work directly with Huobi is an amazing opportunity. We are working together to allow our community users to use Huobi Token and make real-world purchases for clothes, art, FomoHunt subscriptions, event …

Major cryptocurrency exchange Huobi has added support for MakerDAO tokens and decentralized apps (DApps) in its wallet. Huobi Group shared the announcement with Cointelegraph on Aug. 19. MakerDAO has a stablecoin called Dai, a token named MKR, and applications including CPD Portal. The Maker project is a combination of its stablecoin, collateral loans and community governance. MakerDAO is a type of decentralized autonomous organization (DAO), which is an organization that is managed solely by smart contracts and code, not human managers. A DAO is also operated by users via a consensus voting mechanism, which can be used to make changes …

On Aug. 7, Binance, the world’s largest cryptocurrency exchange (by daily trade volume), fell victim to a hacking scandal that saw the miscreant allegedly gain possession of a huge chunk of the firm’s Know Your Customer (KYC) data (10,000+ personal photos). The hacker is reportedly demanding a total of 300 Bitcoins (worth around $3.5 million) from the exchange, or else he or she will release all of the data. Also, it bears mentioning that upon commencing his activities, the hacker set up a couple of dedicated Telegram groups (which have since been shut down) that allegedly featured a lot of …

The wallet provided by cryptocurrency exchange Huobi will support Tezos (XTZ) native tokens and baking, the wallets official Twitter account announced on July 31. Huobi Wallet to support Tezos In the aforementioned tweet, Huobi Wallet announced that it will support the Tezos native token and its proof-of-stake (PoS) staking counterpart — baking — in the near future. Part of the announcement reads: “Thrilled to announce that Huobi Wallet will be a #Tezos baker and support #XTZ soon.” A self-amending PoS blockchain The tweet also explains that Tezos is a so-called self-amending network, which means that it is capable of updating …