Chinese cryptocurrency exchange Huobi has reportedly acquired the controlling stock interest in Hong Kong-based Pantronics Holdings Ltd. through a backdoor listing deal, local news outlet JRJ.com reported August 27. A backdoor listing, which is also known as a reverse takeover or reverse Initial Public Offering (IPO), allows a privately held company to purchase a publicly traded company avoiding the public offering process, regulatory issues, and due diligence. Upon completion of the deal, the buyer gains automatic inclusion on a stock exchange. Huobi reportedly acquired 73.73 percent of Pantronics Holdings Ltd., which makes the crypto exchange the actual controller of the …

This week, the government of China has cracked down on crypto-related WeChat accounts, blockchain events and digital asset exchanges, solidifying its negative stance on cryptocurrency trading and the Initial Coin Offering (ICO) market. WeChat ban and PBoC’s warning against ICOs On Aug. 22, Cointelegraph reported that WeChat, China’s biggest messaging app that has over 1 billion active monthly users, banned the accounts of cryptocurrency investors, users and businesses. At the time, Lanjinger, a local financial media outlet, reported that the accounts of Deepchain, Huobi News, Node Capital-backed Jinse and Coindaily were suspended or taken down permanently, as they violated its …

Singapore-based cryptocurrency exchange Huobi Group has launched a new product designed to streamline the token listing application process. According to a statement shared with Cointelegraph, the new service, which Huobi developed to provide a more transparent listing process, is called the Huobi Automated Listing Platform. Per the announcement, projects that want to list on Huobi Global or an autonomous digital asset exchange Huobi HADAX, will have to register and submit specific documentation about the project. The announcement states that the Huobi Automated Listing Platform “will not automatically list any token or coin that applies.” Upon passing the verification process, applicants …

HBUS, the U.S. “strategic partner” of Chinese cryptocurrency exchange Huobi, confirmed the release of its API for “experienced traders” in some U.S. states, according to a press release shared with Cointelegraph. HBUS highlighted that the API was geared to high-volume users who required live pricing data and other tools. In addition to price tracking, the API will also offer historical price data, support for margin trade customization support, setting buy and sell limits, and retrieving trade history. Due to the difference in regulation across the U.S. HBUS noted that residents of Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, …

Huobi Group has announced the launch of a new platform, Huobi Cloud, that will allow users to build digital asset exchanges on top of Huobi’s existing platform. According to a statement shared with Cointelegraph, more than ten multinational companies have already become partners with Huobi Cloud. The new product is aimed at establishing over-the-counter (OTC) and digital asset exchanges. Partners will also be able to use the order integration and wallet systems, as well as the asset management and clearing system of the Huobi Global platform. Leon Li, Chairman of Huobi Group, commented on the launch: “In this era of …

Huobi crypto exchange has opened trading on its newly created U.S.-based “strategic partner” HBUS, according to a press release shared with Cointelegraph today, July 10. Huobi’s new cryptocurrency marketplace comes via a San Francisco-based partner company called HBUS, whose creation was first announced in early June. As of 10 a.m. (Pacific Time) today, HBUS is live for trading, supporting 22 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Tether (USDT), and others. The new platform also provides traders with an overview of market data for listed cryptocurrencies, including candlestick and depth charts. As Cointelegraph …

Huobi, the world’s fourth largest crypto exchange, has opened registration on its newly created U.S.-based “strategic partner” trading platform, according to a press release shared with Cointelegraph today, July 6. Huobi’s new cryptocurrency marketplace comes via a San Francisco-based company called HBUS, whose creation was first announced in early June. As of today, HBUS is accepting account verification requests from U.S. residents, who can also begin depositing their crypto holdings, with support for nine cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Tether (USDT), DASH, Civic (CVC) and TrueUSD (TUSD). The platform will go …

Chinese cryptocurrency exchange Huobi has confirmed trading on its new Australian platform begins today, July 5. The exchange is fourth largest in the world as of press time, with $713 million in daily trade volume, according to Coinmarketcap. In an announcement, Huobi, which last week also unveiled its London-based operation serving the European market, said trading pairs would be phased in throughout Thursday from 10am Sydney time. Ten pairs will initially be on offer for Australian dollar, including Bitcoin, Ethereum, Litecoin, Ethereum Classic and Bitcoin Cash. “In the future, Huobi Australia will open more trading pairs to all users,” the …

Huobi’s autonomous token listing exchange, HADAX, has announced it is postponing the next round of voting for new token listings on the platform. The statement, posted July 2, follows recent updates to its voting rules. HADAX is a segment of major crypto exchange Huobi, on which users can vote using native Huobi tokens (HT) to select digital assets that will be listed and traded on the platform. Last week, Huobi announced updates to the rules governing the voting process for new listings. After launching HADAX in February, Huboi soon introduced a voting system in which submitted projects must pass a …

JD Cloud, a subsidiary of China's largest online retailer JD Group, has partnered with digital currency exchange Huobi to explore blockchain technology applications and cloud computing, according to a press release published June 28. According to the press release, the companies have signed a strategic cooperation agreement to jointly explore some key blockchain application scenarios focusing on financial services, Internet of Things (IoT), and supply chain fields. Additionally, the two companies are looking to conduct a study on the underlying technologies of blockchain, including ring signature, homomorphic encryption, Lightning Network, and various forms of consensus algorithm design and implementation. Gang …

Chinese cryptocurrency exchange Huobi confirmed the opening of its London office June 28, with over-the-counter (OTC) trading tests set to begin in Q3 this year. In a press release shared with Cointelegraph, Huobi, which claims to have a global user base of “more that five million,” continued its recent narrative that expansion into Europe was a priority, with London a deliberate choice for basing its new operations. “London was selected as the first office in Europe, due to its preeminence as a global financial center and the largest cryptocurrency trading centre in the region with an active blockchain community and …

Huobi, the world’s fourth largest crypto exchange by daily trade volumes, has appointed a CEO for its newly created “strategic partner” trading platform in the U.S., according to a press release shared with Cointelegraph June 25. Frank Fu has been chosen as Chief Executive Officer (CEO) for Huobi’s new U.S.-based digital assets marketplace, which was established via a San Francisco-headquartered company called HBUS earlier this month. Prior to joining HBUS, Fu worked at Meitu, Inc., a Chinese tech company specialising in mobile video and photography. At Meitu, he held several executive positions, including managing director of Meitu Global and international …