Bloomberg Terminal, a paid financial data monitoring service, will now list crypto exchange Huobi's Cryptocurrency Index, according to a press release shared with Cointelegraph today, June 21. Bloomberg Terminal will also list prices for nine crypto trading pairs, denominated in Tether (USDT), including Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP), Dash, EOS, and ZCash. The Huobi 10 Index, designed by the Huobi Group, is calculated using asset classification and a weighted average method to track the performance of the top 10 traded digital assets on Huobi’s exchange. The press release notes that Bloomberg Terminal’s addition …

U.S.-based crypto wallet and exchange Coinbase’s Index Fund is now open for large-scale investors, according to an official blog post published yesterday, June 13. The fund, whose creation was announced in March, is available only to U.S. resident accredited investors – those who have a net worth of more than $1 mln or an annual salary of more than $200,000 – who invest between $250,000 and $20 mln. The index includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), as well as Ethereum Classic (ETC), whose addition to Coinbase was announced on June 11. Coinbase’s blog post notes that …

Korea University is teaming up with the South Korean subsidiary of crypto exchange Huobi for “industry-academia” cooperation in the field of blockchain development, Seoul Daily reports, June 12. The agreement between one of South Korea’s most prestigious universities and Huobi Korea seeks to bridge academic research of the innovative technology with products useful for the industry. According to Seoul Daily, the head of Korea University’s Cryptography Center at the Graduate School of Information Security Professor Kim Hyung-jung said they hoped “to be able to conduct empirical research not only on [the] academic aspects of blockchains, but also on realistic applications …

Huobi, the world’s third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US, Financial Magnates reports Friday, June 8th. The platform comes via a newly created San Francisco-based company called HBUS, which, as stressed in a Medium post earlier this week: “...is not an “arm,” “subsidiary,” “division,” or any type of “affiliate” of Huobi. Nor is HBUS to be referenced as “Huobi US” or any variant thereof. HBUS is the “exclusive US strategic partner of Huobi.” HBUS’ Medium post, dated June 5, indicates a ‘soft launch’ - pre-registration - date of June …

Huobi, is announcing the launch of its new public blockchain, the Huboi Chain Project (HCP), the company’s spokesperson told Cointelegraph. As of press time, Huobi is the world’s third largest digital currency exchange by trade volume, according to Coinmarketcap. In order to create the new blockchain, Huobi will fund the Huobi Chain Superhero Championship Program (HCSCP) with an initial investment of 20 mln Huobi Tokens (HT), worth about $100 mln dollars. Huobi will also contribute a portion of its yearly revenue to the program. The 21-month program will “[seek] out a global leader to lead the development of the Huobi …

Huobi, the world’s third largest cryptocurrency exchange by volume, is launching a crypto-based exchange traded fund (ETF) today, June 1, according to a company announcement May 31. An ETF is a financial derivative, more specifically a type of mutual fund that divides ownership of underlying assets - in this case crypto assets - into shares. The ETF tracks the value of these assets and is tradable during the working hours on an exchange. Shareholders are entitled to a share of the fund’s profits, which are based on either longer-term earned interest or short-term speculation on daily market fluctuations. Huobi’s new …

The price of Ethereum (ETH) has fallen today, May 28, with tech site TrustNodes blaming the drop on a large sale of ETH on crypto exchange Bitfinex that they attribute to EOS. Crypto Twitter persona WhalePanda also weighed in with a similar opinion about EOS’s role in today’s ETH sell-off: Wondering who just ragedumped $ETH on @bitfinex. Didn't $EOS still have a lot of ETH and they were using Finex before. pic.twitter.com/l1Hps2jloJ — WhalePanda (@WhalePanda) May 28, 2018 Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time. Earlier this month, TrustNodes reported …

The outgoing CEO of OKEx crypto exchange has joined rival exchange Huobi just days after resigning from his former post, Cointelegraph Japan reports today, May 21. Li Shufei, also known as Chris Lee, left his roles as CEO of OKEx and CFO of parent operator OkCoin on May 14, reportedly to “start a new life.” Lee is now joining Huobi as Board Secretary and VP of International Business Development, effective May 18. Among many tasks, Lee will support Huobi's global business development (including Japan, Korea, the Middle East and APAC), as well as Huobi's management and financing strategies, according to …

The rapid expansion in Bitcoin price and mainstream adoption through the latter part of last year was seemingly matched by an increase in scrutiny and reflection by government regulators in early 2018. It has turned into a battle for some, a lesson in learning for others, and a chance to embrace for the remainder as different nations approach cryptocurrencies, and their associated facets such as ICOs and Blockchain technology, differently. Many countries are still sitting on the fence, waiting to see how cryptocurrencies, and particularly Blockchain, can be utilized and implemented within their laws and regulations, while some, most notably …

Two of China's biggest bitcoin exchanges - BTCChina and Huobi - have criticized Bitcoin Core developer Gavin Andresen's proposal to raise the block size limit to 20 megabytes by next year. Speaking to Cointelegraph, both BTCChina as well as Huobi indicated that they believe any increase in Bitcoin's block size limit should be approached conservatively. While both exchanges recognize that the current one megabyte block size limit is probably too small for Bitcoin to reach mainstream adoption, they are skeptical of Andresen's proposal. BTCChina and Huobi shared concerns that a jump to 20 megabytes might be too big, while suggesting …

Leon Li is the CEO and founder of Huobi (“Fire Currency” in Mandarin), one of the largest Bitcoin exchanges in the world. At the start of 2014, the previously unheard of exchange outside of China became the largest trading venue by volume in the digital currency, creating rumors and speculations of fraud. “Having large volumes is related to our no-exchange fee strategy,” said Li in an interview with forexmagnates. Thus, it is largely speculated that the no trading fee policy resulted in the influx of micro-transactions, bot trading etc. raising trading volume. With Huobi making some big moves recently, including …