Tag: huobi exchange

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India to Test ‘E-Rupee’ Soon – Top Crypto Updates

India to test ‘E-Rupee’ digital currency soon

The Reserve Bank of India has proposed a phased pilot of its version of a Central Bank Digital Currency (CBDC). In a paper released on Friday, the RBI outlined its vision for a digital version of the rupee, referred to as the “e-rupee”. It also explained its rationale for implementing a CBDC and how it would be tested in phases.

The RBI is considering the release of two versions of a CBDC: one that would be used by people for making retail payments and another that would be used for the settlement of transfers between banks and wholesale transactions.

Crypto prices today: Bitcoin remains flat, ETH up 0.1%

Bitcoin is currently trading at $19,425.81, an increase of 0.01% over the previous day. Ethereum is up 0.14% over the last 24 hours to $1,318.69. Solana rose 0.65% to $32.92, while Cardano is trading higher by 0.06% at $0.422. Polkadot (DOT) rose 1.19% to $6.42. The global crypto market cap stands at $941.75 billion, a 0.13% increase over the previous day.

Huobi founder sells Bitcoin exchange to Hong Kong investment firm

Leon Li Lin, the Chinese founder of Seychelles-based crypto exchange Huobi Global, is selling his controlling stake to a Hong Kong investment firm called About Capital. An agreement has been reached between both parties that will leave “no impact on Huobi’s core operation and business management teams.” Under new ownership, the exchange is planning an international expansion.

Binance faces second-largest crypto hack ever

Crypto exchange Binance had more than 2 million of its BNB tokens stolen in a hack Thursday night. It’s the second-largest exploit in crypto history, worth nearly $570 million based on Friday morning prices. The hacker exploited a vulnerability in the Binance Bridge (which connects blockchain networks) to send themselves 1 million BNB tokens twice in two transactions.

Blockwater Technologies defaults on DeFi loan

South Korean blockchain investment firm Blockwater Technologies defaulted on a loan from TrueFi, a decentralized lending protocol. According to a statement, TrueFi issued a “notice of default” to Blockwater on Oct. 6 after it failed payment on a $3.4 million loan in Binance USD (BUSD) stablecoin. TrueFi said it remains in “active discussions” with Blockwater and said that its insolvency does not affect the protocol’s other lending pools.

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Fidelity Considers Bitcoin Trading on Brokerage Platform – Top Crypto Updates

Fidelity considers Bitcoin trading on brokerage platform: WSJ

As per a Wall Street Journal report, financial services giant Fidelity Investments is considering a move that would allow its individual brokerage customers to trade Bitcoin (BTC). Fidelity and other financial services firms like BlackRock continue to signal institutional interest in crypto despite market crashes and increased regulatory scrutiny.

Crypto prices today: Bitcoin up 2.2%, ETH falls 1.8%

Bitcoin is currently trading at $22,375.54, an increase of 2.2% over the previous day. Ethereum is down 1.81% over the last 24 hours to $1,71.30. Solana jumped 9.2% to $38.5, while Cardano is trading lower by 0.9% at $0.503. Avalanche (AVAX) rose 4.18% to $21.44. The global crypto market cap stands at $1.07 trillion, a 0.42% increase over the previous day.

Starbucks taps ETH scaling network Polygon for NFT rewards

Starbucks announced plans to offer its customers non-fungible token (NFT) rewards through Polygon, an Ethereum scaling network. The Starbucks Odessey program will allow customers and employees in the United States to earn digital stamps as rewards. They can also purchase and trade limited edition digital stamps. Each stamp will be minted as an NFT.

Huobi to delist 7 privacy coins, citing ‘latest financial regulations’

Crypto exchange Huobi terminated trading for Dash (DSH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC), and Horizen (ZEN) on September 6. Deposits for each coin will also cease as of September 12, but withdrawals will continue to function. These tokens will be completely delisted on Sept 19. This is to comply “with the latest financial regulations” and Huobi’s own global token management rules. 

Argentina’s tax authority conducts raids on secret crypto miners

Argentina’s tax collection agency (AFIP) conducted raids for the first time in search of secret crypto miners. In San Juan, AFIP found an agricultural producer housing crypto mining equipment in a fruit cooling area. Many miners in the country carry out crypto mining activities secretly to avoid paying taxes. They take advantage of residential electricity tariffs, which are heavily subsidized when compared to industrial rates.

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Gnosis Safe to Airdrop 50 Million ETH Tokens to Wallets – Top Crypto Updates

Gnosis safe to airdrop 50 million ETH tokens to wallets

Gnosis Safe has announced plans to airdrop 50 million SAFE tokens to thousands of Safe wallets to ensure the successful launch of its decentralised autonomous organization (DAO). The firm uses smart contracts to support its multi-signature wallet, which requires more than one person’s signature to execute transactions. Gnosis Safe allows users to securely store Ethereum, ERC20 tokens and interact with decentralised applications.

Crypto prices today: Bitcoin falls 6%, ETH down 5%

Cryptocurrencies have fallen sharply, with sudden selling dragging Bitcoin to a three-week low.

Bitcoin is currently trading at $21,953.99, a decline of 6.2% over the previous day. Ethereum fell 5.25% over the last 24 hours to $1,748.29. Solana crashed 10.15% to $36.23, while Cardano is trading lower by 11.8% at $0.475. Avalanche (AVAX) is down 13.5% to $22.32. The global crypto market cap stands at $1.05 trillion, a 6.25% decline over the previous day.

Huobi Bitcoin Exchange’s HUSD stablecoin loses Dollar peg

HUSD has become the latest stablecoin to lose its peg with the U.S. dollar, crashing more than 14.7% on Thursday. Issued by Hong Kong-based Stable Universal, HUSD is an ERC-20 token on the Ethereum blockchain. It is marketed as a “safe and secure stablecoin” that combines the stability of the U.S. dollar with the efficiency of blockchain technology.

Gemini to offer staking support for investors

Crypto exchange Gemini will offer support for clients throughout the U.S., Singapore, and Hong Kong to earn and store staking rewards in their Gemini accounts. The company will support staking MATIC on the Polygon network and will roll out support for Ethereum, AUDIO, Solana (SOL), and Polkadot (DOT) over the next few months.

Ripple unveils crypto on-demand liquidity service in Brazil

Ripple has introduced its crypto on-demand liquidity (ODL) service in Brazil in partnership with Travelex Bank. The company’s ODL uses XRP to accelerate the transfer and exchange of fiat currencies between countries. Travelex will use ODL for payments between Brazil and Mexico for now.