Huobi


                    
                    Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated with full services returning by next week. 
                    Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22.In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether (ETH), Tron (TRX) and Tether (USDT).In a later post on X (Twitter), Justin Sun said HTX aims to gradually bring back functionality to the remaining cryptocurrencies, which he expects to be done “by next week.”The majority of the work has been accomplished, and we aim to restore the remaining currencies gradually in the next few days, with all work expected to be completed by next week.— H.E. Justin Sun 孙宇晨 (@justinsuntron) November 26, 2023

HTX’s exchange hot wallets were drained of $30 million and was one of the four hacks in half as many months on Sun-linked or controlled crypto platforms.The HTX Eco (HECO) Chain bridge — consisting of HTX, Tron and BitTorrent, all linked to or controlled by Sun — was attacked for $86.6 million on the same day as HTX.Related: HECO Chain bridge compromised over $86.6M sent to suspicious addressesThe Sun-owned crypto exchange Poloniex also suffered a $100 million attack on Nov. 10, which blockchain security firm CertiK said was likely due to a private key compromise.On Sept. 24, shortly after Huobi was rebranded to HTX, an attacker stole nearly $8 million in crypto from the exchange’s hot wallet.Magazine: Asia Express: HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0

Crypto exchange HTX reinstates Bitcoin services after $30M hack


                    
                    BlackRock meets with SEC over Bitcoin ETF, Binance’s new era begins after settlement in the United States and Sam Bankman-Fried loses release bid.
                    Top Stories This WeekUS officials announce $4.3B settlement with Binance, plea deal with CZBinance and its co-founder, Changpeng CZ Zhao, have reached a settlement over criminal and civil cases with the United States Department of Justice. CZ will plead guilty to one felony charge as part of the negotiated agreement. Attorney General Merrick Garland announced the settlement, claiming Binances policies allowed criminals involved in illicit activities to move stolen funds through the exchange. As part of the settlement, CZ announced on X (formerly Twitter) that he had stepped down as CEO and that Binances global head of regional markets, Richard Teng, will assume the position. He added he was proud to point out that U.S. officials didnt allege that Binance misappropriated funds or manipulated markets. CZ was released on bail and is battling government efforts to bar his return to the United Arab Emirates to be with his family. His sentencing is scheduled for February.BlackRock met with SEC officials to discuss spot Bitcoin ETFRepresentatives from BlackRock and Nasdaq met with the U.S. Securities and Exchange Commission (SEC) to discuss the proposed rule allowing the listing of a spot Bitcoin exchange-traded fund (ETF). BlackRock provided a presentation detailing how the firm could use an in-kind or in-cash redemption model for its iShares Bitcoin Trust. Many reports have suggested the SEC could be nearing a decision on a spot BTC ETF for listing on U.S. markets. SEC officials also met with Grayscale representatives this week to discuss the listing of a Bitcoin ETF. BlackRock is one of many firms with spot crypto ETF applications in the SEC pipeline awaiting a response, including Fidelity, WisdomTree, Invesco Galaxy, Valkyrie, VanEck and Bitwise.Bitcoin user pays $3.1M transaction fee for 139 BTC transferA Bitcoin user paid $3.1 million in fees for transferring 139.42 BTC. The transaction fee is the eighth-highest in Bitcoins 14-year history. A wallet address tried transferring 139.42 BTC only to pay more than half the actual value of the transaction fee. The destination address received only 55.77 BTC. The mining pool Antpool captured the absurdly high mining fee on block 818087. This is the largest Bitcoin transaction fee ever paid in dollar terms, knocking off Paxos’s September transfer of $500,000.SEC sues Kraken alleging its an unregistered exchange, mixes user fundsThe U.S. Securities and Exchange Commission has sued Kraken, alleging it commingled customer funds and failed to register with the regulator as a securities exchange, broker, dealer and clearing agency. Additionally, the SEC alleged Krakens business practices and deficient internal controls saw the exchange commingle up to $33 billion worth of customer assets with its own. The SEC said this resulted in a significant risk of loss for its clients. In a follow-up blog post, Kraken said the SECs commingling accusations were no more than Kraken spending fees it has already earned, and the regulator doesnt allege any user funds are missing.Appeals court rejects Sam Bankman-Frieds bid for releaseSam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction. Government prosecutors accused Bankman-Fried of leaking Caroline Ellisons journals to The New York Times in July, which caused his bail to be revoked by a New York District Court. Bankman-Fried was found guilty of seven fraud and money laundering-related charges on Nov. 2. The former FTX CEO will remain behind bars while he awaits his sentencing on March 28 next year.Winners and LosersAt the end of the week, Bitcoin (BTC) is at $37,710, Ether (ETH) is at $2,079, and XRP is at $0.62. The total market cap is at $1.43 trillion, according to CoinMarketCap.Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Blur (BLUR) at 99.25%, FTX Token (FTT) at 39.05% and KuCoin Token (KCS) at 24.82%. The top three altcoin losers of the week are Celestia (TIA) at -19.89%, ORDI (ORDI) at -17.63% and THORChain (RUNE) at -15.53%.For more info on crypto prices, make sure to read Cointelegraphs market analysis.      Read also                                                                              Features                            Wild, Wild East: Why the ICO Boom in China Refuses to Die                                                                                                                    Features                            Crypto kids fight Facebook for the soul of the Metaverse                                            Most Memorable QuotationsThe U.S. has a financial regime that basically has been weaponized.Charles Hoskinson, founder of CardanoI made mistakes, and I must take responsibility.Changpeng CZ Zhao, former CEO of BinanceWe, the employees of OpenAI, have developed the best models and pushed the field to new frontiers, [but] the process through which you terminated Sam Altman […] has jeopardized all of this work and undermined our mission and company.OpenAI employeesGet your crypto company out of the U.S. warzone.Jesse Powell, co-founder of KrakenThe regulatory uncertainty that permeates the U.S. market is having an impact on the rest of the world.Oliver Linch, CEO of Bittrex GlobalIm looking forward to returning to OpenAI and building on our strong partnership with Microsoft.Sam Altman, CEO of OpenAIPrediction of the weekEnjoy sub-$40K Bitcoin  PlanB stresses $100K average BTC price from 2024Bitcoin buyers should enjoy the chance to add to their stack below $40,000, according to PlanB, pseudonymous creator of the stock-to-flow family of BTC price models. He believes Bitcoin will rise much higher than its recent 18-month highs.Bitcoin bear market bottoms are characterized by the spot price dipping below the realized price, while bull markets begin once the spot crosses the two-year and five-month realized price levels. BTC/USD is now once again above all three realized price iterations.Enjoy sub-$40k bitcoin … while it lasts, PlanB commented on an accompanying chart.Asked whether the market should expect lower levels from here, PlanB would not be drawn, saying that he simply expected an average BTC price of at least $100,000 between 2024 and 2028  Bitcoins next halving cycle.FUD of the WeekHTX to restore services within 24 hours after $30M hackCrypto exchange HTX, formerly known as Huobi Global, resumed deposits and withdrawals within 24 hours after suffering a $30 million exploit on Nov. 22. The exploit was reported to be $13.6 million around the time of the incident, but has since increased in value. HTX’s hot wallets were compromised alongside a coordinated $86.6 million attack against the HTX Eco (HECO) Chain bridge, consisting of HTX, Tron and BitTorrent. The company has promised to fully compensate users for any losses incurred as a consequence of the hack.CZ an unacceptable risk of flight, should stay in US: DOJUnited States prosecutors are trying to stop former Binance boss Changpeng CZ Zhao from leaving the country, expressing concern about his potential flight risk. The government requested a review and overturn of a judges decision that would allow Zhao to return to his home in the United Arab Emirates (UAE) on a $175 million bond under the condition that he returns to the U.S. two weeks before his February 2024 sentencing. In a proposed order, prosecutors wrote that Zhao presents an unacceptable risk of flight, arguing that his ties and favored status in the UAE, along with the countrys lack of an extradition treaty with the U.S., are reasons to block him from leaving the country.KyberSwap hacker offers $4.6M bounty for return of $46M lootThe decentralized exchange KyberSwap has offered a 10% bounty reward to the hacker who stole $46 million on Nov. 22 and left a note of negotiation. The exchange wants 90% of the loot returned. The hacker made away with roughly $20 million in Wrapped Ether, $7 million in wrapped Lido-staked Ether and $4 million in Arbitrum tokens. The hacker then siphoned the loot across multiple chains, including Arbitrum, Optimism, Ethereum, Polygon and Base.      Read also                                                                              Features                            Blockchain Startups Think Justice Can Be Decentralized, but the Jury Is Still Out                                                                                                                    Features                            Decentralized identity: Proving its really you in the 21st Century                                            Top Magazine Pieces of the WeekThis is your brain on crypto: Substance abuse grows among crypto tradersAccording to some addiction experts, the high-stress atmosphere of cryptocurrency trading can provide a perfect environment for substance abuse.Michael Saylors a fan, but Frisby says bull run needs a new guru: X Hall of FlameBitcoin enthusiast Dominic Frisby has a wild journey, from penning one of the first-ever Bitcoin books to plastering Bitcoin fixes this on the Bank of England.6 Questions for Alex O’Donnell about financial journalism and the future of DeFiAlex ODonnell spoke to Cointelegraph Magazine about his career as a financial journalist  and how it led to his involvement in crypto and Umami DAO.    Subscribe    The most engaging reads in blockchain. Delivered once a        week.         Email addressSUBSCRIBE    

BlackRock meets with SEC over ETF, Binance’s new era begins and SBF loses release bid: Hodler’s Digest, Nov. 19-25

Source: HTX HTX (formerly known as Huobi Global) announced that deposit services for major chains will be gradually resumed on their platform, beginning today, complemented by an airdrop event as a gesture of gratitude to its users. According to the announcement, HTX has completed the necessary preparations for resuming deposit services. After thorough security checks, […]
The post HTX to Resume Limited Deposit Services Today and Launch a Site-Wide Airdrop Event appeared first on Cryptonews.

HTX to Resume Limited Deposit Services Today and Launch a Site-Wide Airdrop Event

Cryptocurrency exchange HTX, previously known as Huobi Global,  announced that it will fully compensate users for the losses incurred in a $13.6 million hack on Nov. 22 and intends to restore withdrawal and deposit services within 24 hours, according to a press release. The announcement follows a significant security breach on Nov. 22 that led […]
The post Crypto exchange HTX to resume services a day after suffering $13.6M hack appeared first on CryptoSlate.

Crypto exchange HTX to resume services a day after suffering $13.6M hack


                    
                    HTX hacked for $13.6M — the ecosystem’s fourth hack in recent months — 100K Koreans test out CBDC, and Binance is dead, long live Binance!
                    Our weekly roundup of news from East Asia curates the industrys most important developments.HTX exchange hacked… again In the fourth hack affecting the HTX (formerly Huobi Global) ecosystem in just two months, the exchange lost $13.6 million via a hot wallet hack that occurred on November 22. In its November 23 announcement, the exchange promised to fully compensate for the losses caused by this attack and 100% guarantee the safety of user funds,” as well as restore services within 24 hours of the attack. The day prior, the HTX Eco Chain (HECO) bridge was exploited for $86.6 million. An investigation is ongoing. In September, the HTX exchange was hacked for $7.9 million; this was followed by a $100 million hack against the Poloniex exchange, a related entity, in November. Justin Sun, Chinese blockchain personality and de-facto owner of HTX (not to mention the owner of Poloniex, founder of Tron and CEO of BitTorrent etc),stated after the attack that: “HTX Will Fully Compensate for HTX’s hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure.” Sun previously also madeassurancesthat “all user assets are #SAFU” in the aftermath of the September hack against HTX.Huobirebranded to HTXduring this year’s Singapore2049 event in September. Although its executives have repeatedly reassured that the exchange is doing well, the exchange ran into a number ofserious incidentsthis year, including analleged employee revolt.Justin Sun blushes as he shares a stage with Nina on Apr. 11.Binance pleads guilty, settles criminal charges for $4.3 billionCrypto exchange Binance has agreed to plead guilty to violating the U.S. Bank Secrecy Act, knowingly failing to register as a money-transmitting business, and willfully violating the International Emergency Economic Powers Act. Consequently, the exchange will pay $4.3 billion in penalties and forfeiture to the U.S. Justice Department. According to the November 21announcement, Changpeng Zhao, co-founder and CEO of Binance, has also pled guilty to one count of willfully violating the U.S. Bank Secrecy Act. Zhao has since entered his personal plea in the District Court for the Western District of Washington. At the time, Zhao was granted a $175 million bond that allowed him to reside in Dubai pending his sentencing hearing on February 24. However, the U.S. Department of Justice has since appealed that decision, asking to confine his residence to the territory of the U.S. pending the said sentencing hearing due to Zhao allegedly possessing an “unacceptable risk of flight.”      Read also                                                                              Features                            Gen Z and the NFT: Redefining Ownership for Digital Natives                                                                                                                    Features                            A new intro to Bitcoin: The 9-minute read that could change your life                                            In its indictment, the Department of Justicenoted that, in a few noticeable incidents and despite reassurances, Binance facilitated over $1 billion in illicit transactions for Iranian users, the Russian marketplace Hyrdra and cryptocurrency mixer Bestmixer. and it solicited U.S. users without prior registration. Binance was also accused of deliberately masking such actions as “complying with U.S. law would stifle their efforts to grow Binance’s profits, market share, and trading volume.”The same day, Zhao stepped down as the CEO of Binance. “I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself,” he stated. “Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.”While Zhao still owns a majority in the exchange, he will be barred from being involved in the exchange’s everyday operations. Richard Teng, Binance’s global head of regional markets, was named the exchange’s new CEO. In his inaugural statement, Tengstatedthat the exchange’s fundamentals were “VERY strong” and that Binance is still “the world’s largest crypto exchange by volume.”Blockchain analytics firm Nansen has noted that despite the guilty plea, it did not witness any “mass exodus of funds” after the incident. While the exchange witnessed nearly $965 million worth of withdrawals, its total holdings increased to $65 billion. On November 23, CZ’s X account wastemporarily suspended after removing “Binance” from his profile name.U.S. Attorney General Merrick Garland during the indictment announcement. (DoJ)South Korea invites 100,000 people to test CBDCThe Bank of Korea, South Korea, and Central Bank will invite 100,000 Korean citizens to purchase goods with deposit tokens issued by commercial banks as part of its central bank digital currency (CBDC) pilot test. The first of such trials began in October. According to local news reports on November 23, “participants will be restricted to using the currency solely for its designated purpose of payment. Other uses, including personal remittance, will not be permitted at this time.” Although the Bank of Korea has not yet decided to whether or not to implement a CBDC, further trials are expected, including an integration simulation system for carbon emissions trading on the Korea Exchange. It said:“Recently, the rapid digitalization of the economy has led to a growing demand for a digital form of public currency. This demand is evident in the private sector, where new payment instruments such as stablecoins have been developed and are already widely used in certain sectors.”Evening in downtown Seoul. (Source: Pexels)    Subscribe    The most engaging reads in blockchain. Delivered once a        week.         Email addressSUBSCRIBE    

HTX hacked again for $13.6M, 100K Koreans test CBDC, Binance 2.0: Asia Express

Source: iStock Crypto exchange HTX, formerly known as Huobi Global, said it “has now properly handled this attack,” and it will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22. In a Nov. 23 announcement on its official website, Huobi HTX responded to a recent security incident, pledging […]
The post HTX (Huobi Global) to Resume Deposits and Withdrawals After $13.6 Million Exploit appeared first on Cryptonews.

HTX (Huobi Global) to Resume Deposits and Withdrawals After $13.6 Million Exploit


                    
                    "Huobi HTX has now properly handled this attack," the crypto exchange stated.  
                    Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22.According to its official announcement, the exchange promised to "fully compensate for the losses caused by this attack and 100% guarantee the safety of user funds." In addition, developers wrote, "the amount of funds lost by Huobi HTX this time accounts for a very small amount of the total funds of the platform," noting that the "normal operations" of HTX were not affected by the incident. The day prior, Huobi suffered a $13.6 million hack to its exchange hot wallets as part of an orchestrated $86.6 million attack against the HTX Eco (HECO) Chain bridge, consisting of HTX, Tron (TRX), and BitTorrent (BTT). All three entities are linked or de-facto controlled by Chinese blockchain entrepreneur Justin Sun. Like previous incidents, HTX stated that "protecting user assets and information security is our highest responsibility, and we will take all necessary measures to prevent such incidents from happening again." Over the past two months, HTX and Justin Sun-linked entities have been hacked four times. The largest was the $100 million Poloniex exploit on Nov. 10 caused by an apparent private key compromise. Sun has since stated, "We are investigating the specific reasons for the hacker attack. Once we complete the investigation and identify the cause, we will resume services." A $10 million white hat bounty for the return of stolen funds in the $100 million Poloniex exploit remains open at the time of publication. Related: Huobi’s new name, HTX, raises community eyebrows

HTX to restore services 'within 24 hours' after $13.6M hack

Cryptocurrency exchange HTX (formerly Houbi) has recently announced its resumptions of operations after being halted for a while due to a recent exploit.  HTX To Resume Services Later Today HTX, one of the world’s leading crypto exchanges, has confirmed the resumptions of its withdrawal and deposit services later today. However, the crypto company should have provided a specific time for the resumption. The crypto exchange said: In addition, HTX (Huobi) is expected to resume deposit and withdrawal services within 24 hours. The specific resumption time will be notified again. Please pay attention to the platform announcement. Related Reading: Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds The announcement also saw the crypto firm asserting that the recent hack has been “appropriately handled.” This ultimately led to halting the platform’s services to prevent more losses. Furthermore, the crypto exchange has once again asserted its promises to compensate its users for their losses due to the recent hack. The platform stated: Huobi HTX has now properly handled this attack. Huobi HTX once again promises to fully compensate for the losses caused by this attack and 100% guarantee the safety of user funds. The crypto platform stated that the funds lost in the hack were “small” compared to its total funds. The company’s operations are unaffected. The crypto platform stated: The amount of funds lost by Huobi HTX this time accounts for a “very small amount” of the total funds of the platform. The normal operation of Huobi HTX will not be affected by this. Users should rest assured. The Crypto Exchange Fell Victim To Hack On Wednesday, November 22, HTX and blockchain protocol Heco Chain experienced an exploit amassing over $100 million in several assets.  The hack was detected by on-chain investigator Cyvers Alerts, alerting the platform of the transactions. According to Cyvers Alert, the total assets lost by HTX were around $23 million, while Heco Chain lost over $85 million. Related Reading: Back-To-Back Breaches: Another Justin Sun Platform Was Hacked, Commits To Covering Losses The platform’s advisor, Justin Sun, later confirmed the hack in a post. The advisor took to X (formerly Twitter) to shed more light on the hack and the company’s intention in handling it. The exploit comes after an October $8 million attack on HTX. The attack resulted in about 500 Ethereum stolen from the exchange. However, in the days that followed the tragedy, all losses were completely compensated. So far, the company has expressed its commitment to preventing such hacks from ever retaking place. Meanwhile, its customers’ well-being will be its highest responsibility. Featured image from Linkedin, chart by Tradingview.com

HTX Recommence Operations After Temporary Halt Due to Hack


                    
                    Justin Sun’s cryptocurrency exchange HTX has been hacked twice since rebranding from Huobi in September 2023, raising questions from the crypto community.
                    Tron founder Justin Sun's crypto businesses have come under repeated attack from hackers over the past two months, with at least four hacks of the largest exploits targeting platforms related to the crypto entrepreneur.Sun’s HTX crypto exchange has been hacked at least twice since the platform rebranded from Huobi on Sept. 13, 2023. The first HTX hack occurred just a few days after the rebranding, with an unknown attacker stealing nearly $8 million in crypto on Sept. 24, 2023.In its second hack, HTX reportedly lost $13.6 million due to a hot wallet breach in an incident that affected the wider HTX, Tron and BitTorrent ecosystem. Previously known as Huobi, HTX was acquired by Sun in October 2022.The hackers have also focused on other Sun-related cryptocurrency platforms, including Sun-owned cryptocurrency exchange Poloniex and Huobi’s HTX Eco Chain (HECO) bridge.Poloniex suffered a significant security breach on Nov. 10, when attackers stole at least $100 million in cryptocurrency from the exchange. Sun, who acquired the business in 2019, reported on X (formerly Twitter) that Poloniex disabled the wallet. According to the blockchain security firm CertiK, the incident was likely a “private key compromise.”Huobi’s HECO chain bridge, a tool designed for moving digital assets between HECO and other networks like Ethereum, also suffered a massive breach. On Nov. 22, unknown hackers compromised HECO, sending at least $86.6 million to suspicious addresses.The platforms lost a combined sum of around $208 million in all four hacks over the past two months. Despite Tron founder Sun’s promise to compensate losses for all four incidents, some crypto enthusiasts have urged the community to stay away from Poloniex and HTX, with several questioning who might be involved in the hacks.One crypto observer argued that Sun is “clearly in big trouble,” noting that Poloniex has been closed for five days and HTX offers 100% interest on cryptocurrencies like Bitcoin.HTX’s interest offering for Bitcoin. Source: HTX EarnRelated: KyberSwap DEX exploited for $46 million, TVL tanks 68%HTX did not immediately respond to Cointelegraph’s request for comment.The ongoing speculation comes months after the United States Securities and Exchange Commission filed a civil lawsuit against Tron Founder Sun, charging him and his companies like Tron and BitTorrent for fraud and other securities law violations in March 2023. A U.S. court subsequently issued a summons to Sun’s Singapore address concerning the case in April 2023. In August, the SEC said that its litigation against Sun was ongoing.Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

Justin Sun-related crypto platforms hacked 4 times in 2 months

The whale tracking platform Whale Alert shared on X today that a substantial amount of Huobi Token (HT) was sent to the HTX exchange, formerly known as Huobi. According to the post, 60,005,287 HT, worth $177,900,201, was transferred from the Heco Chain. Meanwhile, over the past 24 hours, HT’s price has dropped 1.57%. According to […]
The post 60M+ HT Sent to HTX Exchange Platform Following Hack appeared first on Coin Edition.

60M+ HT Sent to HTX Exchange Platform Following Hack


                    
                    The incident affected the greater HTX, Tron, and BitTorent ecosystem. 
                    HTX, formerly Huobi Global, suffered an estimated loss of $13.6 million as part of the $86.6 million HECO Chain bridge exploit on Nov. 22. According to a report by blockchain security firm Cyvers, the losses stem from three compromised hot wallets with users and exchange assets swapped for Ether and distributed to various Ethereum addresses thereafter. Among other coins and tokens, Cyvers says that 1,240 Ether (ETH), 7.3 million Tether (USDT), 1.78 million USD Coin (USDC), and 62,200 Chainlink (LINK) were drained during the attack. Justin Sun, de-facto owner of HTX and founder of Tron and BitTorrent, both related entities, stated shortly after the exploit that "HTX Will Fully Compensate for HTX's hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured."Earlier in the day, the HECO Chain bridge, a cross-chain bridge created via the merging of the Tron and BitTorrent ecosystem in 2020, was drained of $86.6 million due to an allegedly compromised blockchain operator. In September, HTX was hacked for $8 million in another hot wallet exploit. At the time, Sun also claimed that "all user assets are SAFU and the platform is operating completely normally." The hack took place less than one month after its rebranding from Huobi Global to HTX, as announced during Token2049 in Singapore. Data from Nansen show that wallets identified as belonging to HTX hold a combined $2.08 billion in user and corporate assets. Within the past 24 hours, the exchange had $1.3 billion in spot trading volume.HTX and Heco Cross-Chain Bridge Undergo Hacker Attack. HTX Will Fully Compensate for HTX's hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured. We are investigating the specific reasons for the hacker…— H.E. Justin Sun 孙宇晨 (@justinsuntron) November 22, 2023

Related: What bear market? These crypto websites see traffic rising in 2023

HTX exchange loses $13.6M in hot wallet hack: Report

Source: Pixabay So far six companies, including Panthertrade (Hong Kong) Limited, a subsidiary of Futu Holdings (US: FUTU),have filed for a virtual asset trading platform license in Hong Kong. PantherTrade recently submitted its application, unveiling plans for a platform named “PantherTrade,” according to records from the China Securities Regulatory Commission. PantherTrade Hires Former Huobi Investment […]
The post Futu Holdings Subsidiary PantherTrade Seeks Crypto Trading Platform License in Hong Kong appeared first on Cryptonews.

Futu Holdings Subsidiary PantherTrade Seeks Crypto Trading Platform License in Hong Kong

The post With Binance Market Share in Free Fall Amid SEC Clampdown, Early $BNB Investors are Shifting to This New Crypto appeared first on Coinpedia Fintech News
Binance, the world’s largest cryptocurrency exchange, has continued to lose its grip on the crypto market. The decline has helped Binance’s chief competitors, such as Huobi and OKX, gain some of the crypto market share in the last few months. This market slip is caused by the recent regulatory action by US regulators against Binance. …

With Binance Market Share in Free Fall Amid SEC Clampdown, Early $BNB Investors are Shifting to This New Crypto


                    
                    Bloomberg ETF analyst Eric Balchunas doubts the SEC will deny ETFs after XRP’s price spiked on a faked BlackRock XRP trust filing, but it is a “bad look.”
                    The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers.The Securities and Exchange Commission has previously claimed the Bitcoin market can be manipulated and has knocked back spot Bitcoin ETFs, citing a lack of market manipulation controls.Bloomberg ETF analyst Eric Balchunas told Cointelegraph the fake XRP filing should have little to no impact on the SEC’s final decision.“We doubt this will impact the situation with spot Bitcoin ETFs,” Balchunas said. However, he added the incident could validate the SEC’s beliefs.“There’s no doubt it is a bad look that arguably validates the ‘fraud and manipulation’ that the SEC used as grounds for past denial.”The Nov. 13 filing on the Delaware list of corporations website showed BlackRock creating the “iShares XRP Trust” — a precursor to launching an ETF.The filing resulted in XRP spiking 12.3% in 30 minutes before it tumbled back down just as quickly once the filing was outed as a hoax by Balchunas and others who received BlackRock’s confirmation that the filing was made by someone posing as its managing director Daniel Schwieger.Michael Bacina, a partner at the law firm Piper Alderman and chair of the industry group Blockchain Australia, told Cointelegraph he would be “surprised” if the SEC used the incident to postpone ETF applications.“It’s unlikely an isolated rumor such as this would provide a legal basis for delaying ETF applications already being considered, particularly where they are already subject to deadlines,” he said.The amount of lying, rumormongering and brazen attempts at market manipulation wrt to #Bitcoin, $XRP, $ETH, $SOL and more as if pertains to ETF news is enough to deny all applications currently pending.This isn't a real market.It is fraud flea market.The SEC should hammer it.— Parrot Capital  (@ParrotCapital) November 14, 2023

Lucas Kiely, the CEO of wealth management platform Yield App, said the faked XRP filing wouldn’t sway the SEC and stressed the crypto community should “calm down.”“It is highly unlikely that this incident will play any role in that decision,” Kiely sa.He iterated that many X (formerly Twitter) pundits have posted fear-mongering headlines to capture audience attention and “spoof the markets.”“Overall, this is a keep-calm and carry-on moment for the industry and likely a mild amusement for BlackRock.”XRP filing ‘could easily undermine’ ETF effortsThe SEC has rejected several spot Bitcoin ETFs in the past on claims that investors aren’t protected from “fraudulent and manipulative acts and practices,” argues James Edwards, a crypto analyst at Australian fintech firm Finder.There’s no reason to suggest it will detract from that view, Edwards claimed.Related: Bitcoin ETFs to push US slice of crypto ETF trading volume to 99.5% — Analyst“Unfortunately, events like these could easily undermine efforts to launch a Bitcoin ETF in the U.S.,” Edwards said.“The onus will be on ETF applicants like BlackRock to demonstrate that they are somehow able to protect clients from market manipulation and fraud, which is difficult given the opaque nature of crypto markets.”The fake XRP trust filing will be referred to the Delaware Department of Justice for further investigation.LATEST ON FAKE XRP ETF FILING: "Our only comment is that this matter has been referred to the Delaware Department of Justice," the spokesperson (for Delaware Dept of State) said. Damn. Someone out there is crapping their pants as we speak.. https://t.co/Xea226Q1vT— Eric Balchunas (@EricBalchunas) November 14, 2023

BlackRock filed for a spot Ether ETF on Nov. 9. It is now awaiting regulator approval in addition to its spot Bitcoin ETF filed in June. Magazine: Asia Express: China’s risky Bitcoin court decision, is Huobi in trouble or not?

XRP spike on hoax filing a ‘bad look’ but won’t sway SEC’s ETF approvals


                    
                    Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services.
                    Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement.The company is partnering with open-source blockchain PlatON for privacy-protected digital infrastructure and Allinpay International to create smart terminals and a digital interface. Both PlatOn and Allinpay are based in China. Dtcpay and Allinpay are registered with the Monetary Authority of Singapore (MAS) as major payment institutions.A spokesman for Allinpay parent company Tonghua International said:“This cooperation will […] Help merchants better adapt to the modern payment trend and meet the needs of young consumers.”Dtcpay will exchange fiat and crypto and onboard new cryptocurrencies in the new service. It already provides point-of-sale and online checkout. In September, dtcpay concluded a deal with London-based Sumsub to provide Know Your Customer services for the dtcpay digital wallet and entered into an agreement with Singapore POS provider Jeripay to provide crypto payment services on its 8,000-terminal network.Related: Pay and dump? How businesses accepting crypto payments influence adoptionFounded in 2019 and originally known as Digital Treasures Center, dtcpay was selected to participate in Mastercard’s Mastercard Start Path program for crypto and blockchain startups in November 2022. It received backing by the Pontiac Land Group real estate conglomerate in a pre-seed funding round in June.Dtcpay last month raised $16.5 million in a pre-Series A round led by Kwee, the chairman of Pontiac Land. The investment will see some of Pontiac Land’s hotels soon accept payments in crypto: by @zinnialee23 https://t.co/D5vdnHBtYL— Forbes Crypto (@ForbesCrypto) July 17, 2023

Electronic payment is common in Singapore, which is considered to have progressive cryptocurrency regulation, including consumer protection. Coinbase and Ripple received major payment institution licensing from MAS in October. The city-state is also experimenting with central bank digital currency, but the MAS has stated that it sees “no urgent use case” for a retail CBDC.Magazine: Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

Singapore startup dtcpay launches retail crypto payments system with Chinese partners

Huobi token [HT], the native token of cryptocurrency exchange HTX, has surged to a five-month high of $2.95 following a rapid increase in trading volume.