Huobi Australia to Merge with Parent Company

Decision is caused by "poor market conditions and associated recent staff redundancies"
25 February 2019   333

After 8 months from launch, the Australian unit of the Huobi Exchange will merge with the parent company. The reasons for such a decision are called the unfavorable situation on the market and the inexpediency of maintaining a separate unit in the current situation.

Huobi Global opened a division in Australia in July 2018, reporting then that entering a new market was a “natural step”. According to Huobi Australia, the decision to become a member of Huobi Global takes effect from tomorrow.

Please be informed that due to poor market conditions and associated recent staff redundancies here at Huobi Australia, all operations, including the management of our platform, social media channels and customer support will be managed by our team at Huobi Global headquarters starting 26th February 2019.

Huobi Australia at Facebook

The Australian Exchange will also abandon the plan to add support for Fiat and continue to serve trades exclusively in cryptocurrency pairs. In addition, she will withdraw the application for registration in the Australian reporting and analytical center of transactions, which is not required for companies that do not work with fiat currencies.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   99

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.