HuobiGlobal · 149

Binance will no longer process transactions involving platforms such as HTX and EXMO

Comparative news, according to an official announcement, Binance stated that in accordance with recent changes in regulatory requirements, in order to continue to comply with relevant regulations and ensure the safety of users' assets, it will stop processing related transactions involving some crypto asset service providers or platforms in stages. Among them, Shelbit and Aban Tether Exchange have been in effect since August 7; A7 Nigeria, A7 Africa, and PilotFinance Ltd have been in effect since August 13. Starting August 23, affected entities will also include Rapira, Aifory Pro, ABCEX, WhiteBird, NooneCrypto, Tradex, Monease, BitPapa, Exnode, Exnode Pay, HTX (Huobi Global SA), and EXMO Ltd. Binance reminds that after the corresponding effective date, users should avoid transferring assets directly or indirectly through Binance, receiving assets from such entities, or making other transactions with them through Binance. If users still attempt to conduct related transactions, they may be subject to additional compliance reviews. The relevant wallets may be restricted during the review period, and related activities may also involve violating Binance's Terms of Use. Binance stated that these measures are aimed at fulfilling the regulatory and compliance obligations in the jurisdiction where it operates, and maintaining the user's trading environment and asset safety. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

8d agoburnking

The UK sanctions Huobi and ruble stablecoin issuers, and first uses bank-level sanctions against crypto exchanges

Comparatively, the British Foreign Office imposed sanctions on 18 entities and individuals, accusing them of helping Russia evade restrictions and funding the Russian-Ukrainian war. The targets of the sanctions include the crypto exchange Huobi Global S.A. (HTX operator), Rapira Group, Bitpapa, and the Kyrgyz affiliate “virtual asset issuer” — which issues a gold-backed stablecoin USDKG. For the first time, the British side applied section 17A of the “Russian Sanctions Regulations” to crypto exchanges, requiring British financial institutions to freeze relevant funds, trace transactions, and conduct compliance reviews of transactions across multi-hop blockchains. Blockchain analysis company Elliptic pointed out that HTX has an annual transaction volume of about 3.3 trillion US dollars and is suspected of providing services to the Russian A7 payment network and Garantex (later renamed Grinex), which was previously sanctioned. The British side said that the Kremlin-supported A7 payment network transferred more than 90 billion US dollars last year for oil revenue settlement and military procurement. The sanctions are effective immediately.

88d agoWendy

The Hong Kong High Court ruled in favor of Li Lin's X-Spot trademark infringement application against Huobi Global, prohibiting the latter from using the “Huobi” trademark during the trial

Comparatively, the High Court of the Hong Kong Special Administrative Region handed down an important ruling on the intellectual property lawsuit between X-SPOT GLOBAL LIMITED (plaintiff) and Huobi Global Limited (defendant). Plaintiff X-SPOT GLOBAL LIMITED successfully applied for an interim injunction against the defendant to prevent the latter from using the “Huobi” or “Huobi” trademark or any confounding similar name or logo in Hong Kong during the trial. The core of the case concerned trademark rights held by the plaintiff. The Hong Kong High Court ruled that the plaintiff's trademark rights should be protected and that the defendant's actions constituted an infringement of the plaintiff's trademark rights. In June 2023, X-Spot Limited, controlled by Li Lin, sued Huobi Global Limited (Huobi Global Limited) for trademark infringement in the Hong Kong Special Administrative Region High Court. According to the indictment, X-Spot Co., Ltd. has always retained exclusive rights to the “Huobi” trademark, and Huobi Global Limited (Huobi Global Limited) has been using the trademark without X-Spot's authorization. When the original shareholders transferred their Huobi Global shares to About Capital Management (About Capital Management), they clearly agreed to retain the exclusive rights to the “Huobi” trademark and ensure that these rights will not be transferred to the buyer or Huobi. The share transfer and asset delivery agreement between the two parties clearly stipulates that the buyer is prohibited from using the “Huobi” trademark and brand.

985d agoLuxurytracy#Huobi Global #X-SPOT

The first Dev3 Hackathon will be held in Singapore on September 10th, with a prize pool of up to $60,000

The “Web 3 & AI Innovation Challenge” hackathon co-hosted by Dev3 and Moledao will be held in conjunction with C² Ventures' “CodeCraft Hackathon” hackathon. With this merger, the Hackathon's prize pool amount has also been greatly increased, and the selected high-quality projects will share the prize pool worth up to 60,000 US dollars! This is the greatest encouragement and reward for all participants for their hard work and innovation. We look forward to every talented and passionate innovator to join this grand technology carnival to witness the power of technological innovation and promote the development and construction of the industry! Event Information Name: Web 3 & AI Innovation Challenge Type: Hackathon Time: July 17 to September 15, 2023 Address: September 10 Preliminary: Vanguard Building, 71 Stamford Rd, Singapore 178895. September 15 Finals: The purpose of this event is to promote global Web3 and AGI with outstanding Web3 and AGI developers from around the world Large-scale implementation application development. The event was co-hosted by Dev3, Moledao, and C² Ventures. Bitpush is the partner media, and the selected high-quality project winners will share a prize pool worth up to 60,000 US dollars! The topics of this hackathon are divided into two major tracks: infrastructure and Web3 Dapps. Topic 1: Infrastructure 1. Challenges: Develop solutions to improve the transaction throughput and processing capacity of blockchain networks to achieve efficient large-scale transaction processing and data storage. 2. Security and privacy protection: Build blockchain infrastructure with high security and privacy measures to ensure the security of participant data and transactions, and provide anonymous protection for users. 3. DID: Design an innovative decentralized authentication mechanism to ensure participant identity verification and data accuracy, and provide users with convenient and secure authentication solutions. 4. Cross-chain interoperability: Build solutions that support the interoperability of different blockchain platforms, achieve seamless flow of assets and data, and promote interconnection between different blockchain ecosystems. Topic 2: Web3 Dapps1.rwa & RWAFI: • Digitalization and Securitization of RWA: Research how real-world assets can be digitized and transformed into cryptographic assets for easier management and trading. • RWA's Decentralized Trading: Design decentralized trading platforms or protocols to allow investors to directly participate in real-world asset transactions to achieve greater liquidity and accessibility. • RWA's Identity and Verification: Research and implement trusted RWA authentication solutions to ensure the authenticity and ownership of assets. •4. RWA measurement and valuation: explore how to accurately measure and value real-world assets to provide investors with reliable reference and decision-making basis. 2.LSD and LSDFi: • LsdFi Protocol and Platform: Design and build a protocol or platform that supports LsdFi, allowing users holding POS tokens to connect their collateral liquidity to the DeFi ecosystem. • Liquidity tokenization: Research how to turn POS tokens into liquidity tokens for transactions in liquidity pools and earn profits through rewards for liquidity providers. • LSDFi strategies and tools: Design strategies and tools for users who provide LSDFi, providing methods for maximizing profits and managing risk. • Cross-chain LSDFi: Consider how to promote cross-chain interoperability of LSDFi between different blockchain networks and facilitate liquidity collateral and transactions for different POS tokens. In addition to this, participants can also choose from AI, Web3 Gaming, DeFi, Metaverse, ZK, and L3 Modular Blockchain to encourage developers on various tracks to actively innovate. Event Schedule Overall Event Schedule • July 17: Contest Themes Announced • August 1: Draft Submission • August 27: Early Bird Deadline • September 10: Regular Deadline • September 10: Preliminary Round: Project Presentation and Preliminary Review • September 11-September 14: Project Completion • September 15: Finals: Project Presentation and Final Review September 10 The agenda September 10 is Hackathon Demo Day, which will start from now...

1079d agody zhang#AGI #Dev3 #RWA #WEB3 #Hackathon

[Weekly Comparative Review] Financial institutions such as WisdomTree and Invesco submit spot Bitcoin ETF applications; EDX Markets, a crypto exchange supported by Wall Street giants, begins operations in the US; the US's first leveraged Bitcoin futures ETF will begin trading next week; Prime Trust suspends fiat and cryptocurrency deposits and withdrawals

The following is a weekly review of key news: [WisdomTree, Invesco and Other Financial Institutions Submit Spot Bitcoin ETF Applications] Comparative news. Following asset management giant BlackRock (BlackRock)'s submission of spot Bitcoin ETF applications, various financial institutions such as WisdomTree, Invesco, and Valkyrie Funds have also submitted spot Bitcoin ETF applications. (WisdomTree's application was initially denied by the SEC in 2022). Additionally, Bitwise Asset Management submitted a new application to the US Securities and Exchange Commission on June 16 to amend the rules to suit its planned Bitcoin spot ETF. The US Securities and Exchange Commission rejected a Bitcoin spot ETF application submitted by Bitwise in June 2022. In a new filing, BitWise said the SEC should approve, reject, or initiate other processing around its proposed rule changes within 45-90 days. Bitcoin once rebounded to a one-year high above $31,000 during the US stock trading session on June 23. Research firm K33 Research commented: “The Bitcoin spot ETF file submitted by BlackRock raised expectations that an institutionally-driven price increase was imminent.” [EDX Markets, a crypto exchange supported by Wall Street giants, begins operations in the US] EDX Markets, a new crypto exchange supported by Citadel Securities, Fidelity Investments (Fidelity Investments), and Charles Schwab (Charles Schwab), has begun operations. EDX uses a non-custodial model, does not directly handle customer assets, and plans to partner with third-party banks and cryptocurrency custodians. Unlike FTX and Binance's problems, EDX is based on traditional financial markets to attract brokers and investors concerned about the safety of their funds. The exchange will offer trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This shows that some Wall Street firms are still interested in cryptocurrencies despite regulatory pressure and market cooling. On the same day, EDX Markets announced the completion of a new round of financing, with investors including Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, etc. EDX will launch EDX Clearing later this year to settle matching transactions on EDX Markets. [Prime Trust suspends fiat and cryptocurrency deposits and withdrawals] According to Twitter news, Prime Trust closed all fiat and cryptocurrency deposits and withdrawals on June 22 under the order of the Nevada Financial Supervisory Authority. TrueUSD said the TUSD stablecoin was unaffected, that it no longer uses Prime Trust to mint or redeem TUSD, and maintains “multiple dollar channels” elsewhere. BitGo announced that it has terminated its acquisition of Prime Trust. Regulators say Prime Trust is “operating at a huge deficit” and may even be insolvent and currently unable to meet customers' withdrawal needs. Prime Trust can request a hearing within 30 days of issuing an order. If no application is made, a cessation order is considered final. [America's First Leveraged Bitcoin Futures ETF Will Begin Trading Next Week] In comparison, Volatility Shares' Chief Investment Officer Stuart Barton told CoinDesk that after receiving approval from the US Securities and Exchange Commission (SEC), Volatility Shares' 2x Bitcoin Strategy ETF (BITX) will be the first leveraged crypto ETF in the US, and trading will begin next Tuesday after taking effect on Friday. “It's exciting to see digital assets in ETF products,” Barton said. According to the prospectus, a 2x leveraged ETF allows customers to gain exposure to Bitcoin by investing only half of the value of Bitcoin. The ETF fund will be based on the CME Bitcoin futures price. [Three arrows...

1155d agoWendy#Weekly review of the comparison

Wu said Zhou's Picks: A number of US giants submitted spot Bitcoin ETF applications, and the first leveraged Bitcoin ETF passed the Top 10 News (0617—0623)

Author | Wu Says Blockchain News Top 101 This Week. Federal Reserve Chairman Powell believes payment stablecoins should be treated as currency a. Federal Reserve Chairman Powell: Cryptocurrency like Bitcoin seems to have “staying power” On June 22, at the latest House hearing, Federal Reserve Chairman Powell said that cryptocurrencies like Bitcoin seem to have “lasting power” (lasting power); stablecoins have a significant share of the overall cryptocurrency market, and lawmakers are trying to set rules for them. b. Powell stated at the hearing that payment stablecoins are currency Powell also stated at the hearing that payment stablecoins are currency, and that the central bank should play a role in approving their issuance in the US. “We do regard payment stablecoins as currency.” Powell also dismissed suggestions that the Federal Reserve might directly issue digital dollars (CBDC) or digital dollars to Americans soon, partly due to privacy concerns. 2. Following BlackRock, 4 more asset managers have submitted spot Bitcoin ETF applications, an executive from Volatility Shares told CoinDesk that following the US Securities and Exchange Commission (SEC)'s 2x Bitcoin Strategy ETF (BITX) went into effect on Friday It will be the first leveraged crypto ETF in the US. This ETF will correspond to the CME Bitcoin Futures Daily Rolling Index. a. Bitwise submitted a new application to the US SEC requesting that the rules be amended to suit its planned Bitcoin spot ETF Following BlackRock's application for a spot Bitcoin ETF, Bitwise Asset Management submitted a new application to the US Securities and Exchange Commission on June 16 requesting that the rules be amended to suit its planned Bitcoin spot ETF. The US Securities and Exchange Commission rejected the Bitcoin spot ETF application submitted by Bitwise in June 2022 and found that the ETF was unable to fully monitor and share, provide protection against market manipulation, and prove the size of the relevant market. In a new filing, BitWise said the SEC should approve, reject, or initiate other processing around its proposed rule changes within 45-90 days. b. WisdomTree and Invesco submit another spot Bitcoin ETF application On June 21, Bloomberg senior ETF analyst Eric Balchunas tweeted that asset management company WisdomTree once again submitted a spot Bitcoin ETF application. Additionally, Invesco has also submitted a new 19b-4 document for a spot Bitcoin ETF. c. Valkyrie Funds also submitted a spot Bitcoin ETF application to the US Securities and Exchange Commission on June 22, and Valkyrie Funds also submitted a spot Bitcoin ETF application to the US Securities and Exchange Commission. Previously, it had provided a Bitcoin strategy ETF and a Bitcoin miner ETF. If approved, the spot ETF is called the Valkyrie Bitcoin Fund and is scheduled to be listed on the NASDAQ exchange under the symbol BRRR. 3. Binance US Weekly Update a. Binance and the US SEC reached a proposed agreement to ensure that only Binance.US employees can use customer funds Late on June 16, Binance, Binance.US, and the US Securities and Exchange Commission (SEC) announced an agreement to ensure that only Binance.US employees have access to customer funds. The proposed content, which still needs to be signed by a federal judge overseeing the case, is: Binance...

1155d agody zhang#CZ #Wu says blockchain is real #Binance #Bitcoin

Li Lin officially sued Huobi for using the “Huobi” trademark in Hong Kong

According to Wu's blockchain news, X-Spot Co., Ltd., controlled by Li Lin, sued Huobi Global Limited (Huobi Global Limited) for trademark infringement in the Hong Kong Special Administrative Region High Court today. Earlier, after Sun Yuchen blocked Li Lin's brother's account and accused him of dumping HT, Huobi must have restarted using the “Huobi” trademark. According to the indictment, X-Spo Co., Ltd. has always retained exclusive rights to the “Huobi” trademark, and Huobi Global Limited (Huobi Global Limited) has been using the trademark without X-Spot's authorization. When the original shareholders transferred their Huobi Global shares to About Capital Management (About Capital Management), they clearly agreed to retain the exclusive rights to the “Huobi” trademark and ensure that these rights will not be transferred to the buyer or Huobi. The share transfer and asset delivery agreement between the two parties clearly stipulates that the buyer is prohibited from using the “Huobi” trademark and brand.

1158d agoLuxurytracy#Huobi #Li Lin #Huobi #hongkong

The most complete inventory: those institutions that first came to Hong Kong to “eat crabs”

Web3's integrated institutions, exchanges, project parties, and even traditional financial institutions have sniffed out the opportunity. Article & Editor: Babywhale, Foresight News On June 1, Hong Kong's relevant cryptocurrency policies were officially implemented, opening the door to crypto asset trading and issuance. Although it is difficult for regulators in Hong Kong and around the world to achieve effective regulation that supports the development of crypto assets without hindering their progress, a bold attempt is always worth it. As the financial center of Asia, developing the Web3 industry in an orderly manner under supervision helps attract capital, technology, and talent, and also helps bring Asian Web3 institutions and projects to the world. Since this year, many organizations have begun to step up the layout of the Hong Kong market. Foresight News has compiled these “first crab eaters” for you. As an organization that has always been at the forefront of the Web3 industry, HashKey GroupASkkey, a comprehensive Web3 organization, began a compliance journey operating in Hong Kong in 2022. In April 2022, HashKey Group announced that it has obtained the Hong Kong Securities and Futures Commission's application Type 1 (Securities Trading) and Type 7 (Automated Trading Service (ATS)) license to operate a virtual asset trading platform (AIP) from the Hong Kong Securities and Futures Commission. After meeting all conditions and obtaining final approval, HashKey will provide crypto trading services to Hong Kong professional investors (including licensed financial institutions) . The platform operated by HBL will provide virtual asset trading services, including crypto assets such as Bitcoin and Ethereum, stablecoins, and security tokens. In September of the same year, HashKey Capital, the venture capital arm of HashKey, obtained regulatory approval from the Hong Kong Securities and Futures Commission (SFC) to complete the Type 9 asset management license change, which allows 100% of its investment portfolio to be transferred to crypto-related virtual asset projects. In November, Hash Blockchain Limited (HBL), a subsidiary of HashKey Group, obtained a license issued by the Hong Kong Securities and Futures Commission (Hong Kong Securities Regulatory Commission) to operate virtual asset trading platforms through Class I (securities trading) and Class 7 (providing automated trading services) licenses to provide services to professional investors. In February of this year, HashKey announced that it had obtained approval from the Hong Kong Securities and Futures Commission and that its subsidiary Hash Blockchain Limited (HBL) can carry out OTC trading business (OTC) on virtual asset platforms. The approval allows HashKey to conduct virtual asset trading operations other than trading platforms. When there is a demand for trading tokens not listed on the exchange, HBL can act as an intermediary to match the transactions between the two parties. In April of this year, HashKey Group announced that its compliant trading platform HashKey PRO will be officially launched in the second quarter. HashKey PRO has been approved by the Hong Kong Securities and Futures Commission (SFC) to operate a virtual asset trading platform with Type 1 (securities trading) and type 7 (providing automated trading services) licenses. HashKey PRO provides fiat deposit and withdrawal support, allows users to transfer dollars directly to the HashKey PRO fiat wallet through SWIFT, and has established partnerships with ZA Bank and Bank of Communications (Hong Kong) to provide fiat deposit and withdrawal services as settlement banks. This month, HashKey PRO, a compliant virtual asset trading platform regulated by the Hong Kong Securities and Futures Commission (SFC), announced that it has submitted a license application under the Anti-Money Laundering and Combating the Financing of Terrorism Ordinance (Chapter 615), which came into effect on June 1, to provide retail services in Hong Kong. In April of this year, Cobo co-founder and CEO Kamiyu said that it is currently applying for more licenses in accordance with the existing regulatory framework and plans to expand the Hong Kong team and accumulate more professional technical and business personnel. Amber Group In April of this year, Amber Group said it was considering...

1173d agody zhang#HaskKey #Huobi Global #NFTs #OKX #PoS #POW #WEB3 #Ethereum #Sun Yuchen #Xu Mingxing #Bitcoin

SC accuses Huobi Global Limited of operating an unregistered unregistered digital asset exchange

Comparatively, the Malaysian Securities Commission (SC) has taken action against Huobi Global Limited and its CEO Leon Li, accusing them of operating an unregistered digital asset exchange (DAX) in Malaysia. Additionally, SC has ordered Huobi Global Limited to cease operations in the country, including disabling its website and mobile apps on multiple platforms such as the Apple Store, Google Play, and any other digital app platform.

1188d agoLuxurytracy#Huobi Global Limited #SC

Wu Sang Zhou's Picks: ETH completes Shanghai upgrade, Hong Kong establishes Web3.0 Association, Hashkey issues HSK and News Top 10 (0407-0414)

Author | Wu Says Blockchain Lily's Top 101 News This Week. Ethereum completed the Shanghai upgrade, and the Ethereum Proof of Stake chain was successfully upgraded to Shapella at 6:30 on April 13 to enable the withdrawal function. 2. Summary of this week's developments in Hong Kong a. Hong Kong establishes the Web3.0 Association on April 11. Hong Kong Chief Executive Li Jiachao and leaders of the Beijing Central Liaison Office in Hong Kong will attend the inauguration ceremony of the Web3.0 Association at the Hong Kong Stock Exchange today to show the support of the Beijing Central Committee and the SAR government. The Hong Kong Web3.0 Association is chaired by Norman Chan, the former Chief Executive of the Monetary Authority, and Chan Ka-keung, the former Secretary for Financial Services and the Treasury, as the chief financial advisor. The initiators of the Association are China Mobile, China Merchants Bureau, Huawei, and the Hong Kong University of Science and Technology. b. Hong Kong SFC requires DeFi projects to be licensed and regulated on April 12. After the launch of the DeFi Risk Report in the US, Choi Chung-hui, interim head of the Intermediaries Department of the Hong Kong Securities and Futures Inspection Commission, stated at the “2023 Hong Kong Web3 Carnival” on the same day that DeFi projects need to be regulated by SFC, and automated trading services are also subject to SFC regulation. Decentralized exchanges also need to apply for a license if they involve virtual assets; in the name of some DeFi agreements The above is decentralized. In reality, a small number of developers hold a large number of governance tokens, and they need to analyze their substantive rather than superficial claims. 3. HashKey Weekly Update a. On April 12, the Hong Kong Compliance Exchange HashKey issued an Ecosystem Credit HSK similar platform coin. On April 12, HashKey Group announced the launch of the Ecological Credit HSK on Ethereum to incentivize contributors to the HashKey ecosystem, including its users and partners. HSK has a total supply of 1 billion pieces, 65% for ecological growth, 30% for teams, and 5% for reserves. HSK will be distributed as a reward for using the HashKey exchange business, and will be regularly repurchased and destroyed from the circulating supply. HSK holders can enjoy trading fee discounts and withdrawal fee relief on the exchange. HashKey Group holds Hong Kong's second compliant exchange license. b. Hashkey Group is expected to launch a compliant exchange called Hashkey Pro in the second quarter. According to PANews, Hashkey Group is expected to launch a compliant exchange called Hashkey Pro in the second quarter. It is first open to institutions and qualified investors, and has obtained permission from the Hong Kong Securities Regulatory Commission. The exchange has confirmed banking partners with local Hong Kong and Chinese backgrounds to support USD deposits and withdrawals through direct bank transfers. c. The Hashkey Pro white paper emphasizes not to be sold through private or public sales to raise funds on April 12. According to the new HSK points white paper of the Hashkey Pro Hong Kong Compliance Exchange, it is emphasized that it is not sold through private or public sales; the destruction model uses 20% of corporate profits to buy and destroy; the team controls 30% of the 1 billion tokens; 65% is used to reward early users, liquidity rewards, marketing, etc.; emphasizes that it is a “digital payment token” according to Singapore law, according to Hong Kong law is not a “security.” d. Former Huobi Global CEO Mr. Qi joined HashKey Group as Group Chief Operating Officer On April 13, HashKey Group announced that Livio Weng () joined HashKey Group as the Group's Chief Operating Officer. Livio Weng was CEO of Huobi Global from 2018 to 2021. e. Hashkey Group stated that HSK's activities will not be open to restricted regions such as mainland China and the United States. On April 14, Hashkey Group issued an announcement stating that HSK is HashKey ecoPoints and is only used as a gift to the ecosystem...

1225d agody zhang#DeFi #Deribit #dYdX #Hashkey #NFTs #SushiSwap #WEB3 #Ethereum #Wu says blockchain is real #Binance