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Huobi Launches Service to Build Crypto Exchanges in the Cloud

Huobi, the world’s third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges.

Dubbed the Huobi Cloud, the service is set up to provide clients “a one-stop solution … [to enable] its partners to build secure and stable digital asset exchanges quickly,” according to the official press release, though it did not provide specifics on what it will offer these partners.

The company goes on further to explain:

“Over the past five years, Huobi has accumulated rich and valuable [research and development], security, compliance and operational experience through its digital asset trading platforms … Huobi is looking to share its expertise and experience with the entire blockchain ecosystem and through this, develop the industry further to achieve mutual benefits for all stakeholders.”

As such, Huobi Cloud is envisioned to strike up new global partnerships in an attempt to “promote the rapid and healthy development” of the blockchain space worldwide.

The announcement comes a day after the exchange announced it was making efforts to deepen alliances within the industry through the establishment of the “Huobi Blockchain Plus Industry Alliance.”

The Alliance will focus on “community-based operations” to bring together experts and academics in the blockchain field to work together and leverage Huobi’s “ecological resources.”

These resources give members access to “jointly building blockchain labs with partners free of charge, sharing the research capability, technical capability and Blockchain Plus practical experience accumulated by Huobi Group over the past five years,” among others.

Indeed, the cryptocurrency exchange giant has been making efforts to build stronger networks for the blockchain industry in recent months. In June, after launching a new investment option for retail investors, Huobi revealed they would be facilitating an investment fund envisioned to raise $93 million for blockchain startups in both China and South Korea.

Huobi image via Piotr Swat / Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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CoinMarketCap Announces Changes to Counter Fake Volume Concerns

The popular crypto data tracker CoinMarketCap is instituting changes in light of what it called “concerns” over fake volume figures.

In a blog post, published on July 19, the site said that it had already dropped a minimum volume requirement for exchanges listed on the site, a policy it said was originally pursued “in order to filter for more popular exchanges that could be listed on CoinMarketCap.”

The site also plans to introduce new filters and ranking metrics in a bid to give users “the power to experience and use the data in a way that fits their needs most.”

The announcement followed a post on CryptoExchangeRankings, which tackled the question of how relatively new exchanges were able to move up CMC’s volume rankings. “The issue of fake volumes on crypto exchanges is like a UFO: some people claim to witness it but there is no evidence and metrics to prove its existence,” the blog wrote.

CMC’s vice president of marketing Carylyne Chan wrote in the site’s post that it may show high trading volumes due to the way it gathers data from exchanges.

In particular, transaction mining, low fees and wash trading on the part of crypto projects might result in artificially high trade volumes appearing on the site.

Chan wrote:

“While we have a relationship with most of the exchanges listed on our site, there is no guarantee that any of them will respond or comply to any specific guidelines, but we have to continue showing users the best approximation of price and volume based on all the data we have available. The evolution of new models such as transaction mining also means that there needs to be new ways to account for volume. Compounding it is the fact that they are, in fact, enabling greater liquidity in the way that users are trading more readily on the platforms.”

CMC is designed around aggregating data sent to it by exchanges, and so the numbers on the site reflect “the best approximation of price and volume based on all the data we have available,” she said, explaining that “even though we try our best to verify the data with the exchanges on our site, we are not in the practice of censoring or policing others.”

That being said, she wrote, “we understand that these concerns are valid and have implications on the community and the impressions that people have about exchanges, even more than we are traditionally used to.”

Bitcoin price chart image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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NEO is Listed on COSS Exchange With 4 Different Trading Pairs

NEO has been added to the COSS cryptocurrency exchange based in Singapore. COSS stands for Crypto One Stop Solution and it is a multi-function platform. COSS works as a cryptocurrency… Continue reading “NEO is Listed on COSS Exchange With 4 Different Trading Pairs”

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Meet The Best Blockchain Investors And ICO Projects On Asian World Blockchain Roadshow With IDACB

WBRShow is a blockchain tour organized by IDACB to establish communication between trustworthy ICO teams and the best investors. IDACB is aimed at gathering all the most perspective ICO projects together and introducing them to the investors.

WBRShow Part 2 takes place on July, 28 – August, 5. Hanoi (Vietnam), Hong Kong (China), Macao (China), Seoul (South Korea), Tokyo (Japan) – all these crypto capitals are included in the tour.

Two WBRShow Pitch Sessions, giving ICO teams an opportunity to promote their projects, will be held during each meeting. Participants will have an opportunity to communicate one by one on Coffee-breaks and at a Cocktail Party which will be held afterward. Preappointed meetings with the investors are also available.

The meetings will take place in 5* hotels. Hanoi – Hilton Hanoi Opera; Hong Kong – Mandaring Oriental; Macau – Mandarin Oriental; Seoul – Hilton; Tokyo – Shangri-La.

Asia becomes more and more involved in cooperation with ICO projects. It worth mentioning that a half of crypto assets are located in this region without any SEC problems. Although business in Asia requires hard work and facing different mentality can be tough for some people, this region is for sure the best place for an ongoing ICO to grow into a real blockchain project.

A free entrance for investors is provided. Here you can get your Investor’s or VIP investor’s ticket and Silver or Golden Packages for ICOs.

About IDACB

IDACB is the largest International Decentralized Association on Cryptocurrency and Blockchain. It’s the leading non-profit organization the concept of which is to connect crypto and blockchain community and various countries’ officials to work out a unifying approach for international legislation on cryptocurrencies and blockchain.

The influence of the Association is ensured by the participation of 87 countries. Members of the Association are the first counselors, recognized experts of the blockchain technology market, national and professional Associations of the participating countries and the professional community representatives.

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