City About Financial News

06.01 / 13:41

business Huobi Job Bitcoin Huobi confirms 20% layoffs, denies insolvency rumors

Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm.

10.04 / 15:31

business Blockchain Huobi Returns Crypto exchange Huobi returns to profitability in Q1 after restructuring

According to an Apr. 10 post by Justin Sun, the de facto owner of cryptocurrency exchange Huobi Global, the firm recognized $150 million in revenue during Q1 2023 compared to $120 million in expenditures, resulting in a net income of $30 million. Sun says that "a large number of measures were taken to reduce costs and increase efficiency" during the quarter. For Q2 2023, he projects the exchange will bring $187 million in revenue and $76 million in expenses, with a net income of $110 million.

06.04 / 00:21

UPS Twitter Binance Platform Deal Tron’s Sun had this to say about his “alleged” deal with Binance’s CZ

Tron’s founder – Justin Sun – spoke up about the recent news circulating the cryptocurrency exchange, Huobi. The crypto entrepreneur was allegedly trying to sell his stake to Binance – the world’s largest crypto exchange, according to Coindesk’s sources. However, the proposal was turned down by Binance because of rumors about Huobi’s ties to China.

03.04 / 09:35

Huobi stake Billionaire Crypto Mogul Justin Sun Denies Rumors on Huobi Exchange Stake Sell

Billionaire crypto entrepreneur Justin Sun has denied claims that he is considering divesting his stake in the global cryptocurrency exchange Huobi.

11.01 / 13:41

business Huobi clarifies Korean operations: Two separate entities aiming at same market

Following the report about Huobi Korea’s planned buyout of its shares from Huobi Global, the latter revealed that the deal has already been made, and the two platforms have been operating completely separately since the Fall of 2022.

01.12 / 01:45

business partnership Huobi, Poloniex announced strategic partnership despite initial denials of a merger

Huobi and Poloniex announced a strategic partnership on Nov. 30. Reports of a planned merger of the two cryptocurrency exchanges emerged and were denied last week.

15.10 / 09:21

Ethereum Huobi IMPT Bitcoin week Support Bitcoin Price and Ethereum Hold Crucial Support, Huobi Gains 75% In A Week

The Bitcoin price is trading choppy near $19,189 after being rejected below the $19,950 resistance level. While Ethereum's price has dropped by more than 2% to $1,298.

14.10 / 05:57

SUN Yellow Huobi Huobi token holders will be pleased to know this update

Huobi token, the native token of the centralized exchange Huobi, has been witnessing a tremendous surge that looked to go against the general bearish trend of the market.

13.10 / 18:20

markets Huobi TRON Why is the price of Houbi Token up 12% today as rest of the market slumps?

Huobi Token (HT) has been up 12% in the last 24 hours and is one of the few cryptocurrencies bucking the general downtrend.

10.10 / 14:43

Pool Huobi Takeover Tron’s Justin Sun denies role in Huobi’s takeover; claims report is ‘wrong’

Update: Tron’s Justin Sun has now publicly come out to claim that he is merely an advisor on Huobi’s Board and did not purchase the exchange’s majority stake. In doing so, he called the original report ‘wrong.’

10.10 / 13:59

UPS Huobi TRON’s Founder Justin Sun Could be Real Acquirer of Huobi Global: Sources

Justin Sun, founder of TRON, could be the actual buyer behind the deal for the acquisition of Huobi Global, according to sources with the matter.

10.10 / 13:53

Huobi stake Founder of Huobi Crypto Exchange Sells Stake in Company

Huobi founder and controlling shareholder Leon Li Lin will sell its entire stake in the Seychelles-based crypto exchange to About Capital Management, a Hong Kong-based assets management company.

08.10 / 18:37

CoinMarketCap Huobi Huobi Global: Will the exchange’s latest move prove to be a blessing-in-disguise

Cryptocurrency trading exchange Huobi Global is all set to be acquired by Hong Kong-based About Capital Management. The announcement was shared by Huobi Global through a press release.

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