Regulators around the world continue to keep the pressure fresh on crypto businesses. Spain’s National Securities Market Commission (CNMV) is the latest to issue a warning on several crypto- and financial market-related businesses for unregistered services. According to the official document, CNMV has issued warnings on 12 entities on Monday for not being registered in the corresponding registry of the commission. The listed entities, which include major crypto trading platforms such as Huobi and Bybit, are unauthorized to provide investment services within Spain. The CNMV’s consulting page states that only registered companies have the authorization to provide services related to …

Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according to publicly available records. The firm, Beijing Huobi Tianxia Network Technology Ltd., was established in late 2013 and is 70.52% owned by Li Lin, the founder and CEO of Huobi Group. It has 10 million yuan ($1 million) in registered capital and a total of five subsidiaries. Having passed the resolution in favor of dissolution on July 22, stakeholders will now proceed to deregister Beijing Huobi Tianxia within 45 days. Creditors are asked to declare their claims to the liquidation …

A decentralized exchange says its unique dual mining mechanism delivers transaction fees that are “close to zero” — including for major cryptocurrencies such as Bitcoin. MDEX says a blend of liquidity mining and transaction mining results in a deeper liquidity pool and lower slippage, as well as a more user-friendly experience. Data from CoinMarketCap shows that transaction volumes across the blockchains it uses have surpassed big names such as PancakeSwap, Sushiswap and 1inch. MDEX has come a long way since the project launched on Jan. 6. Within a month, the project claims single-day transaction volumes exceeded $1 billion — a …

Huobi Global, currently the world's second-largest crypto exchange by daily traded volume, has introduced a 24-hour token withdrawal delay for all over-the-counter (OTC) trades. The decision strikes a blow to all Huobi users, some of whom will moreover be prevented from withdrawing their tokens for as long as 36 hours if the exchange's assessment system judges them to be at particularly high risk. Huobi has said the move forms part of its attempt to “gradually introduce a number of risk control strategies encompassing a larger section of users." It adds that it expects the delay to "effectively avoid user losses …

Crypto exchange platform Huobi has updated its user agreement document, banning crypto derivatives trading for customers in China. According to the updated user agreement section of the Huobi Global website, the ban on crypto derivatives trading covers users in jurisdictions such as China, Taiwan, Israel and Iraq. Other banned countries include the United Kingdom — restricted to retail customers — as well as Bolivia, Bangladesh and Ecuador, to mention a few. The crypto derivatives trading ban is also in addition to longstanding prohibitions of the use of its platform in places such as Hong Kong, Japan, Cuba, Iran, North Korea, …

Huobi, one of the largest cryptocurrency exchanges in the world, has reportedly restricted derivatives for new and existing users over concerns about China’s regulatory crackdowns. Chinese journalist Colin Wu reported on Twitter Thursday that Huobi had temporarily dropped the maximum allowable trading leverage from 125x to less than 5x for existing users. In addition, new users based in China were not allowed to engage in derivatives trading on the exchange. Exclusive: Due to concerns about regulatory policies, China's largest exchange Huobi recently restricted the leverage of existing users to less than 5x after stopping new users in China from using …

Despite Huobi Eco Chain attracting an impressive total value locked (TVL) since launching in December, just two DApps represent 86% of the blockchain’s TVL. According to crypto data aggregator, CryptoRank, approximately $1.98 billion or 73% of Heco's TVL is locked in the Mdex decentralized exchange. Mdex is Heco’s rival to PancakeSwap, an automated market maker offering yield farming incentives to users. In early April, Mdex also launched on BSC to gain access to a wider range of tokens not supported on Heco Chain. Yield aggregator Filda is the second-largest DApp on Heco, with Filda representing a TVL of almost $400 …

Seychelles-based cryptocurrency exchange Huobi has reportedly suspended futures and leveraged trading for new customers in some countries, raising questions about the regulatory scrutiny facing digital assets. As reported by Bloomberg, Huobi is limiting these services in a handful of jurisdictions but didn’t specify which countries would be affected. There was also no word on why the temporary suspension is being implemented, though it could be tied to perceived regulatory uncertainty in China. The exchange is also reportedly scaling back its miner hosting services in China after regulators in the country reaffirmed their plan to crack down on cryptocurrency trading activities. …

Bull market cycles in the cryptocurrency market can be exhilarating for day traders and long-term investors alike, but the speed at which the prices move can make it a challenge for promising new projects that are looking to catch the momentum before the cycle plays itself out. This reality has led to some projects listed on exchanges in the form of token IOUs so that interested parties can get in on the trading action before the token is officially released. Polkadot (DOT) is one of the most well-known examples of a token that went through this process. Casper (CSPR), a …

Huobi Asset Management, a wholly-owned subsidiary of Huobi Technology Holdings, has launched four digital currency funds targeting $100 million in assets by September, setting the stage for wider institutional adoption of cryptocurrencies. The company said it has already secured $50 million in commitments across the four funds, putting it on target to reach its total assets-under-management target by September. The funds will track the prices of Bitcoin (BTC) and Ether (ETH). As reported by Bloomberg, Huobi Tech’s offerings include an active fund that invests in a basket of digital assets in addition to a private equity fund focused exclusively on …

Disclaimer: This article's headline was updated to reflect new information regarding the FSA's statement. Despite long claiming to be compliant with local laws, Huobi has not registered with the proper authorities, according to regulators in Seychelles. On Monday, the Seychelles Financial Services Authority, or FSA, posted an official statement saying that Huobi Global Limited is not registered in the country, despite being the International Business Company publicly affiliated with Huobi.com's crypto services. The FSA stated that Huobi Global Limited does not hold any license issued by the regulator to undertake in virtual asset trading. “Therefore, the entity is not being …

Huobi Global, one of the largest cryptocurrency exchanges by trade volume, has announced the appointment of blockchain industry veteran, Vincent Lau, as the company’s new managing director. Lau previously worked as an executive at major crypto exchanges Bitfinex and OKEx, and has worked for global corporations outside of the blockchain sector including e-commerce marketplace Groupon and marketing firm Iclick Interactive. With Huobi Global, Lau will be tasked with overseeing the firm’s international expansion, strategic development, and localized operations. Huobi hopes to expand in key markets across Southeast Asia, the Middle East, Africa, and the European Union, according to an announcement. …