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Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89


On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermore, users with HUSD held on the exchange will see their balances auto-converted to the stablecoin...

Founder of Huobi Crypto Exchange Sells Stake in Company


Huobi founder and controlling shareholder Leon Li Lin will sell its entire stake in the Seychelles-based crypto exchange to About Capital Management, a Hong Kong-based assets management company. According to an October 8 blog post, the buyout vehicle of About Capital will control the majority...

MakerDAO Founder Suggests ‘Seriously Considering’ Depegging DAI from USD


MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.” Writing in...

Huobi Might Get a New Owner, FTX Among Potential Buyers - Report


Huobi Group founder Leon Li is in talks to sell his roughly 60% stake in this major crypto exchange, while Tron (TRX) founder Justin Sun and Sam Bankman-Fried’s FTX exchange are being mentioned among those who’ve had preliminary contact with Huobi.... Read More: Huobi Might Get a New Owner,...

Justin Sun, Poloniex Back Plan to Create a PoW Ethereum Hard Fork


Ethereum (ETH) miners fearing the worst should the network’s much-vaunted move to proof-of-stake (PoS) go ahead next month could be thrown a lifeline – with Justin Sun and his Poloniex crypto trading platform stating that they will provide support for a proposed proof-of-work fork (PoW)...

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