Justin Sun allegedly transferred $209 million to help stabilize the crypto exchange that he controls. Does the extravagant crypto billionaire possess enough resources to weather the storm?
Huobi has announced the launch of the Dominica Metaverse Bound Token (DMBT) as part of the rollout of the Dominica Metaverse Digital Citizen (DMDC) authorised by the government of Dominica in collaboration with TRON and DMC Labs.
On May 31, all unlicensed crypto exchanges had to leave the country. So far, only two local exchanges have secured licenses, and 18 more are waiting for the regulator's decision.
On May 31, all unlicensed crypto exchanges had to leave the country. So far, only two local exchanges have secured licenses, and 18 more are waiting for the regulator's decision.
Justin Sun allegedly transferred $209 million to help stabilize the crypto exchange that he controls. Does the extravagant crypto billionaire possess enough resources to weather the storm?
Huobi has announced the launch of the Dominica Metaverse Bound Token (DMBT) as part of the rollout of the Dominica Metaverse Digital Citizen (DMDC) authorised by the government of Dominica in collaboration with TRON and DMC Labs.
Tether announced the launch of Euro Tether (EURT) and Tether Gold (XAUT) on Huobi Global. As well as a stablecoin tied to the offshore Chinese yuan (CNHT) which will be available to users on the Tron blockchain, although previously it worked only on Ethereum.
At the end of October, Huobi announced the exclusion of the HUSD stablecoin from its listing, after which the stablecoin quickly began to lose its peg to the dollar. The exchange's headquarters will also be relocated to the Bahamas.
Huobi’s founder may consider selling a majority stake in the crypto exchange company for $3 billion. FTX and Justin Sun are mentioned among some potential investors.
