Huobi
Huobi executive says a Bitcoin bull run isn’t happening until late 2024
Huobi’s Du Jun expects a bear market to last until the next Bitcoin halving event He explained that previous price patterns show that bull runs usually succeed halving events Du Jun, the co-founder of digital assets exchange Huobi has predicted that Bitcoin could hold out on a bull market, at least until late 2024 when ‘halving’ occurs next. Speaking to CNBC, Jun observed that a bull run for the world’s top digital asset has historically been accompanied by halving. Halving is an event written into Bitcoin’s fundamental code during which the rewards to Bitcoin miners are cut by half. In reference, the Huobi co-founder noted that Bitcoin’s last two occurrences of all-time high Bitcoin prices had followed a halving event. Last year, Bitcoin peaked abo...
MXC’s 200% gain hints that LoRaWAN IOT mining projects could rally in 2022
Cryptocurrency mining has become a hot topic of conversation over the past couple of years due to its lucrative nature and the impact the industry has on the environment. The emergence of Web3 and the increased presence of Internet of Things (IoT) devices has led to a new class of low-cost mining protocols with low-power network technology. These include LPWAN or LoRaWAN which are designed to transmit low bit rate data over long distances. One such protocol that has been gaining traction in recent months is MXC, a Web3 infrastructure protocol designed to provide geolocation-based LPWAN coverage to IoT devices around the world Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.046 on Jan. 1, the price of MXC has seen a 200% rally to a new all-time...
‘Net neutral’ — Rising Bitcoin exchange balances could be due to Huobi Chinese user block
Bitcoin (BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues. Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed the finger at fresh changes in China for rising balances elsewhere. Binance “absorbing” orphaned Huobi users The end of December is seeing nerves fray as a rangebound BTC price combines with increased inflows to exchanges. A classic indicator that traders are at least arming themselves to de-risk in the event of further price weakness, Binance has been particularly closely eyed as its BTC stocks rise. At the same time, however, Chinese investors are being frozen out of international spot trading venues in the aftermath of China’s ongoing crackdown on cryptocurre...
100 digital payment token firms in Singapore fail to win licenses: Report
More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS. Amid apparently tough regulation, 103 companies related to the digital payment industry in Singapore found their regulatory exemptions removed, Japan’s financial publication The Nikkei reported Monday, citing data from the MAS. Sanjay Jain, CEO at Dubai-based crypto exchange Bitxmi, said that their Singaporean branch has failed to secure a license from the MAS. “We can’t operate in Singapore,” Jain noted. “We have an office there, but it’s just more or less — there’s one person for our accounting and legal issues.” Bitxmi exchange appears on the official list of entities...
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