AEON prepares for MainNet Hard Fork

Along with the recent Sophia upgrade, MainNet Hard Fork is scheduled on June 3
01 June 2018   1523

AEON project announced the scheduled Hard Fork along with the release of Sophia update. As Sophia 0.12.0.0 gets released, MainNet Hard Fork upgrade is going live on June 3. The upgrade block height is set at 963500. Following the MainNet fork, difficulty will be reset to 2,000,000,000. Recently, AEON codebase was rebased to the latest branch of Monero, the network version was bumped from v1 to v7 thus potential 3rd-party software glitches are addressed.

AEON positions itself as a sparring partner to keep Monero healthy and strong. It is a lightweight CryptoNote digital currency that boasts secure transactions, privacy and untraceability and is mobile-friendly thanks to 1MB scratchpad.

At the moment of publication, AEON market parameters are as follows:

Average price 1.71 USD
Market cap 27,023,984 USD
Volume (24H) 68,391 USD

Huobi to Launch Brokerage Platform

The service, aimed at institutional investors, is  available to investors in almost all regions where Huobi is present, except China
22 January 2020   86

Huobi cryptocurrency exchange opens a brokerage platform focused on the needs of institutional investors.

The announcement of the Huobi Brokerage platform took place this Tuesday at the World Economic Forum in Davos. The service is already available to investors in almost all regions where Huobi is present, with the exception of China.

The brokerage platform is the first product of the Global Institutional Business (GIB) division, which will focus on serving institutional clients. According to the publication, from the third quarter of 2019, Huobi recorded an increase in the institutional client base by 400% - it was possible to attract 1,700 investors.

GIB currently has offices in London, Singapore, and Hong Kong and will be a top priority for Huobi in 2020 as it continues to expand globally.

 

Huobi

 

Like the American brokerage service Tagomi, Huobi Brokerage provides the ability to execute applications at the best prices by forwarding them to several trading platforms, including third-party exchanges and over-the-counter services. Huobi is known to have over-the-counter partners in Chicago Jump Trading and Hong Kong-based Alameda Research.

In addition, the platform provides services for block trading, individual financing and other solutions for traders interested in concluding large transactions. Bitcoin, USDT, HUSD, PAX, TUSD and USDC are available for trading blocks. By the end of the first quarter, ETH, EOS, BCH, LTC and XRP will be added to them.

2019 brought the first wave of institutional interest but 2020 is when we expect to see the industry mature with growing demand. As we enter the next phase of crypto, Huobi staking an active role in setting new standards for institutional and retail clients alike.

Ciara Sun

Huobi Group vice president