Huobi’s US-Based Crypto Trading Platform HBUS Ceases Operations

HBUS, the operator of United States-based crypto exchange Huobi.com, is ceasing its operations, according to a tweet posted on Dec. 9. San Francisco-based cryptocurrency trading platform HBUS said in the announcement: “We regret to inform you that HBUS will need to cease operations so that it can return in a more integrated and impactful fashion as part of its ongoing strategic layout.” The move comes right after Huobi Global announced that it would freeze all U.S. customers’ accounts by mid-November. Explaining the decision, Huobi stated that the American regulatory environment…

EOS-Based Social Media Platform Voice Announces Beta Launch

Voice, the social media platform first unveiled by EOS creator Block.One in June, announced that it will launch in beta on Feb. 14 — Valentine’s Day — in 2020. Voice announced the beta launch date in a blog post published by the project on Dec. 5. The firm also promises that it will share its progress with the community as the development goes on.  Voice also claims that thousands have already signed up to take part in its beta testing. The firm also admits that the initiative is still plagued…

Russian Smelting Giant Begins Testing Digital Trading Platform

Russian mining and smelting giant Nornickel has commenced testing its digital platform for metals trading. As Bloomberg reported on Dec. 5, Nornickel began trialing its platform for digital metal tokens in collaboration with physical commodities trading group Trafigura Group Ltd., metals finance and logistics firm Traxys SA and materials technology and recycling group Umicore SA. Specifically, the platform is designed to enable clients to purchase digital tokens backed by metals and then trade them for physical supplies. Big plans Commenting on the product rollout, Nornickel CEO Vladimir Potanin said that…

Deutsche Boerse’s DLT Security Lending Platform Sees First Transactions

Commerzbank, Credit Suisse and UBS carried out the first transactions on Deutsche Boerse and HQLAX’s distributed ledger technology-enabled (DLT) security lending platform. According to a Deutsche Boerse press release on Dec. 3, the company jointly developed the platform with fintech firm HQLAX, which was launched by R3 and uses Corda DLT technology to provide liquidity and collateral management products. The platform was able to swap ownership of a basket of German government bonds and a basket of corporate bonds between UBS and Commerzbank while employing Clearstream Banking as a custodian. …

Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising

The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem. In a press release shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the world attempting to solve real-world problems with blockchain technology.  The first group of startups reportedly raised over $12.2 million within three months. Managing partner of Tribe Accelerator Ng Yi Ming commented: “Another successful round of fundraising underscores the relevance of blockchain technology…

Twitch’s Biggest Streamers are Fleeing the Platform Over Restrictive Contracts

The rise of gaming live streams has seen Twitch grow to become a huge company. Twitch may be at risk of alienating its key audience with huge streamers leaving the site. The latest streamer to threaten to leave is s1mple, the best Counter-Strike player of 2018. Gaming streams are getting more popular, and it’s easy to see why. Gaming content mainly revolved around Let’s Plays and reviews before Twitch came along and popularized live streaming. Since they were founded back in 2011 they’ve become a company that has 15 million…

Former UBS Executive Establishes Digital Securities Insurance Platform

A former executive of investment bank UBS has established a United States-based digital securities platform. According to a press release on Nov. 27, Claude Waelchli — who served over 12 years at UBS in various executive positions — launched the Tokenyz platform for issuing digital securities.  Waelchli states that the financial industry can benefit from digital securities as they can automate manual processes, streamline settlements, create liquidity, and lower minimum trade size. Eventually, Waelchli intends to connect “tech companies with immense tokenization capability but little financial acumen, and financial services…