HBUS, the U.S.-based “strategic partner” of sixth largest crypto exchange Huobi, has hired a new Chief Compliance Officer (CCO). The company has revealed this in a press release shared with Cointelegraph Oct. 11. The new CCO, Megan Monroe-Coleman, was formerly MTL Compliance Officer at U.S. software giant Intuit, following the company’s acquisition of financial software firm Mint, where Monroe-Coleman had also served as a compliance officer. Before her work at Intuit, she worked over seven years at “Big Four” auditor PricewaterhouseCoopers (PwC), five years of which she spent as compliance director, according to her LinkedIn profile. According to the press …

The annual Hurun China Rich List, a catalogue of individuals in the country with a net worth over 2 billion yuan ($209 million), has listed several crypto entrepreneurs among China’s financial elite, according to a release published Oct. 10. The Hurun Research Institute released the 2018 Hurun China Rich List of the richest individuals in the country, with at least 13 entrepreneurs whose business is related to cryptocurrency mining and trading. The ranking includes such industry players as Micree Zhan Ketuan, co-founder of computer chip manufacturer of and software firm Bitmain Technologies, in the top 100 richest people in China, …

This week, EOS found itself in hot water after allegations arose that a major part of its blockchain governnance, led by Chinese crypto exchange Huobi may be involved in a corruption scheme. EOS’ parent company and Huobi have issued public statements since these allegations, but refrained from admitting or denying the charges. What is EOS? EOS.io is a blockchain-powered smart contracts protocol for the development, hosting, and execution of decentralized applications (dApps). It aims to operate in a way similar to the web-based applications and retains similar structural principles, which makes it comparable to Google’s Play Store or Apple’s App …

Chinese cryptocurrency exchange Huobi has responded to accusations it has “colluded” with EOS on “mutual voting” practices, Tuesday, October 2. In a brief statement, the exchange said an investigation into the allegations which Cointelegraph reported on October 1 was “still ongoing.” “Based on the initial investigation, there were no financial contracts involved between Huobi and any third party,” the statement reads. “The investigation is still on-going [sic] and therefore, we seek your patience and co-operation [sic] in this matter.” On Monday, Block.One, the parent company of the EOS platform, had issued a statement of its own saying it “was aware” …

Block.one, the developer of blockchain protocol EOS, has published a statement on EOS public blockchain governance in an official Medium post October 1, signed by Block.one’s CEO, Brendan Blumer. In the statement, Blumer states that the company is “aware of some unverified claims regarding irregular block producer voting, and the subsequent denials of those claims.” Without providing any details on the “denials” of allegations, Blumer stated that EOS will continue to “ensure a free and democratic election process and [...] vote with other holders to reinforce the integrity of this process.” The statement follows recent allegations that accuse the platform’s …

Russia has been trying to pass cryptocurrency legislation since the beginning of January 2018, with no success as of yet. The government’s main bill, “On Digital Financial Assets,” which was expected to be passed by July 1 — according to the wishes of President Vladimir Putin — will instead most likely be pushed back until an October Duma session. According to Artem Tolkachev, the self-proclaimed “first” lawyer in the Commonwealth of Independent States (CIS) to begin working with Bitcoin (BTC) and blockchain startups, the reason the crypto bills didn’t make it on the July agenda was “because of the complexity …

Circle Internet Financial Ltd. is launching a USD-backed digital token dubbed the “USD Coin,” Circle’s blog reports Wednesday, September 26. A consortium called Centre — which includes Bitmain Technologies Ltd. among its members — will act as a platform for deposits and fiat conversions for the stablecoin. Bloomberg notes that although Centre is a “wholly owned subsidiary of Circle,” there are plans in plan to turn it into an independent organization. The USD Coin (USDC) will reportedly be available on Circle’s Poloniex exchange, as well as Huobi, OKCoin, KuCoin, and digital wallet and exchange Coinbase. As per Circle’s release, over …

Cryptocurrency exchange Huobi has joined Russia’s VEB Innovation Fund to share notes on crypto regulation, according to a fund’s press release published Wednesday, September 19. According to Crunchbase, the VEB Innovation Fund was created in 2011 to invest in Russian high-tech startups and to promote local innovations in the global market. The Center of Digital Transformation, where Huobi is now a resident, was created by VEB to promote blockchain and other crypto-related technologies, as its website states. One of the main goals of the partnership with world’s fourth largest crypto exchange, as reported in the statement, is to draw on …

Huobi Global's wholly owned subsidiary, Huobi Japan Holding Ltd, has recently acquired a majority stake in Japan’s BitTrade — one of only 16 regulated crypto exchanges in the country, Cointelegraph Japan reports Wednesday, September 12. As Cointelegraph has learned, Huobi Japan will get 100 percent of the shares from True Joyful Limited, BVI, which holds holds all of the beneficiary interest in the company. FXTF Asset Investment Private Ltd. reportedly had 75 percent of the shares, with FX Trade Financial with 25 percent. Haiteng Chen, the acting president of Huobi Japan, was named as a chairman of BitTrade while Chris …

Cryptocurrency exchange Huobi has acquired controlling stock interest in Hong Kong-based Pantronics Holdings Ltd., according to an official announcement from the Hong Kong Stock Exchange (HKEx) dated August 29. As Cointelegraph reported August 28, HKEx-listed Pantronics, an electronic products manufacturing firm, had halted trading of its shares on the Main Board of exchange on August 22, citing a “possible offer to be made under Rule 26 of the Hong Kong Codes on Takeovers and Mergers.” Indications at the time suggested Huobi had acquired 73.73 percent of the firm. HKEx’s official announcement clarifies that Huobi, alongside blockchain services provider platform Fission …

This article previously conflated Terra and partner company TMON. It has been updated for clarity. A new stablecoin project out of South Korea, dubbed Terra, revealed it has closed a $32 million funding round led by a string of major crypto exchanges, in a press release Wednesday, August 29. Terra was co-founded by Daniel Shin, the creator of South Korean e-commerce marketplace Ticket Monster (TMON), which boasts a considerable $4 billion in total sales. According to the press release, upon launch the stablecoin will be integrated into the payment systems of the so-called Terra Alliance, a group of global eCommerce …

Randi Zuckerberg, the elder sister of Facebook founder Mark Zuckerberg, has joined the advisory board of cryptocurrency exchange Huobi to develop Huobi’s new public blockchain, according to a recent press release. Zuckerberg, who worked at Facebook for over six years, is also the founder and CEO of Zuckerberg Media. Per the announcement, Zuckerberg, along with the CEO of Chinese mining giant Bitmain Jihan Wu, have been appointed to the Huobi Chain Expert Advisory Committee to provide expert opinions and advice for the Huobi public chain. Experts on the committee provide guidance on topics ranging from the basic technology of blockchain …