The UK Financial Conduct Authority (FCA) has filed civil proceedings in the High Court against HTX (formerly Huobi), alleging the exchange unlawfully promoted crypto asset services to UK consumers in breach of Britain’s financial promotions regime. HTX is not authorized to operate in the UK. The FCA says the action is part of its commitment […]
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India ranked first in Chainalysis’ 2024 Global Crypto Adoption Index, in addition to ranking second in the CSAO region in terms of crypto value received.
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Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.
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Reasons for BTC’s weakness include Mt. Gox coin movements, regulatory actions, and the U.S. Senate’s anti-crypto lobby.
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The creditors’ claims were sold for cash to Delaware-based Ceratosaurus Investors LLC.
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Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes.
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The ruling only applies to the use of the trademark in Hong Kong until a final decision is issued at trial.
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The Financial Conduct Authority warns that the crypto exchange is operating without proper authorization.
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Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated with full services returning by next week.
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Justin Sun’s cryptocurrency exchange HTX has been hacked twice since rebranding from Huobi in September 2023, raising questions from the crypto community.
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