Huobi generates $30 million profit in Q1 2023
Following its restructuring process, crypto exchange Huobi according to its de facto owner has made a $30 million profit during the first quarter of 2023. According to a post published on April 10 by Justin Sun, the de facto proprietor of cryptocurrency exchange Huobi Global, the company recorded $150 million in revenue and $120 million […]
Bybit to expand into Hong Kong cryptocurrency market
Bybit, a cryptocurrency exchange with headquarters in Dubai, recently revealed plans to expand to Hong Kong. A portion of the exchange’s marketing, research, and development team will be based in the city. According to a recent WSJ report, Bybit intends to base its main Asian operations in Hong Kong. Under the new legislation, which will […]
OKX Integrates AI To Track Market Volatility
OKX has unveiled a new integration that will utilize cutting-edge AI algorithms to enable customers to track market volatility in real-time. The controversial artificial intelligence (AI) chatbot ChatGPT-4’s most recent upgrade has made the technology a hot topic both inside and beyond the cryptocurrency sector. Although there are differing views on the technology, businesses keep […]
Binance resumes deposits, withdrawals after 5 hours
Binance, the largest cryptocurrency exchange in the world, experienced problems following wallet repair for BNB Smart Chain (BEP20). While the team attempted to find a solution, the exchange temporarily banned deposits and withdrawals on the BNB Smart Chain.After 4-5 hours of troubleshooting the node issue following the Binance Smart Chain (BEP20) network update, withdrawals and […]
Binance freezes over $2M in alleged insider trading scandal
Crypto exchange Binance has recently frozen over $2 million in assets linked to an alleged insider trading scandal. The biggest cryptocurrency exchange in the world by trading volume, Binance, has recently come under fire from all sides. Another report on allegedly insider trading practices that use the information with token listings and make money has […]