Tagged: outflows

Huobi Executives Reportedly Taken into Police Custody by Chinese Authorities

August 7, 2023 @ 8:56 am By Omar Faridi |

Digital currency exchange Huobi has reportedly seen total outflows of over $73 million during the last week, a time period in which a few of the firm’s executives were taken into police custody by authorities in China. Huobi operates one of the largest crypto exchanges… Read More

Read more in: Blockchain & Digital Assets, Asia, General News, Global | Tagged arrest, china, crypto trading, crypto-assets, digital assets, digital currency, huobi, justin sun, outflows, uncertainty, usdt, virtual currencies

Institutional Investment in Digital Assets Creates Requirement for Enterprise-Grade Self-Custody Solutions: Report

December 28, 2022 @ 11:47 am By Omar Faridi |

As Chainalysis discussed recently, the collapse of FTX and resulting market action prompted large net outflows “from centralized exchanges, as many users shifted their funds to personal wallets, also commonly referred to as ‘unhosted wallets’.” Chainalysis found that while the trend wasn’t “as pronounced as… Read More

Read more in: Blockchain & Digital Assets, Global | Tagged chainalysis, Crypto Transactions, crypto wallets, custody, decentralized finance, defi, digital currency, institutional investors, outflows, research, Research Report, self-custody, virtual currencies