Hyundai Develops Blockchain & Will Create Token Economy Hyundai AutoEver, a subsidy of Hyundai, has partnered with two blockchain companies to develop its own blockchain. According to “The Block Crypto”, the blockchain will track the history of used cars as well as the performance of cars. However, the press release of Hyundai states that the […]
Vitalik Buterin Suggested Raising Staking Reward on Ethereum The founder of Ethereum proposed on Github to raise the reward for staking on Ethereum. Staking is a part of the Proof-of-Stake (PoS) concept. An alternative to the standard transaction validation process Proof-of-Work. In PoS the so-called stakers receive a reward for depositing Ethereum, the stake. A […]
Japan finance regulator FSA is keen on regulating the cryptocurrency exchanges operating in the country. The main objective of the regulator is to protect traders and investors in the country from exploitation. It is reported that this top financial regulator raided two renowned cryptocurrency exchange platforms in the country, Fisco and Huobi last week. Financial […]
After Bittrex and Binance, Huobi is another leading Crypto exchange platform that is planning to venture into a Token-listing project by offering a Coin-launching platform. The new premium coin offering service from the Chinese-based exchange is set to allow traders to access the rich pool of Cryptocurrencies that are offered for investment purposes before being listed […]
Financial Committee of Russia Recommends Outlawing Anonymous Use of Crypto The chairman of the financial committee of Russia, Ivan Aksakov, has stated that the anonymity of crypto users should is a problem.According to Aksakov, the Russian state should outlaw paying and transferring cryptocurrencies anonymously. However, it is difficult to enforce such a law. Most of […]
Israel Securities Authority (ISA) has recommended the creation of a platform for Cryptocurrency trade but under strict regulation. The regulator, who has spent the last two years studying the sector, noted that the technology will remain relevant in the future. Meantime, Huobi, one of the largest virtual currency trading platforms has launched Ripple (XRP) trading. […]
Maduro’s Reign Contested – Petro’s Future Unclear The power struggle in Venezuela is ongoing. The people are on the streets, the opposition contests Maduro’s power and it has a charismatic leader in Juan Guaidó. Meanwhile, the socialist government does not stand still of course. The “colectivos” Maduro’s death squads on motorcycles are reportedly fighting and […]
The government of Japan plans to have an advanced and hybrid economy that is powered by cashless transactions. This is meant to ensure that the inconveniences of using Japan Yen paper money are eliminated and the society is able to buy goods and services through app-based solutions. To take advantage of such laws, the Singapore-based […]
Huobi Releases Whitepaper of Huobi Chain With the release of the whitepaper of Huobi Chain the company gives insight about its first independet blockchain. Huobi Chain aims to facilitate digital or “real” assets as stated in the whitepaper. Huobi aims to disclose a new market for itself beyond the cryptocurrency space. As the crypto market is […]
Huobi Lays Off Staff Due to Falling Bitcoin Price According to the South China Morning Post, Huobi is the next company in the crypto business to layoff a part of its staff. The newspaper cites the number of employees as high as 1000 employees. Due to the falling price of Bitcoin, the exchange plans to […]
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