HTX

HECO Network will shut down in January 2025, urging users to move their HRC20 tokens before the deadline to convert them into Huobi’s new HTX token. The network’s decline was due to security breaches and increasing competition from other blockchains.

HTX has partnered with TradingView to allow users to trade cryptocurrencies directly within the TradingView platform, enhancing the trading experience. This integration provides users with easier access to HTX's services and resources, enabling more efficient and flexible trading strategies.

Cato Networks has raised concerns about the ProKYC deepfake tool, which allows criminals to bypass KYC checks by creating fake identities and realistic videos for cryptocurrency exchanges. This advanced fraud technique has led to significant financial losses, highlighting the need for stronger security measures in financial institutions.

Telegram founder Pavel Durov was arrested in France, exposing various legal problems existing in the Telegram platform. Binance’s listing of TON means that it has once again brought new legal risks to itself. Justin Sun and Binance’s first sister He Yi needs to find a new way out under the severe regulatory environment.

Telegram创始人Pavel Durov在法国被抓，暴露出Telegram平台所存在的各项法律问题，币安上线TON意味着将自身又一次带来了新的法律风险，孙宇晨（Justin sun）和币安一姐何一在监管严峻环境下要寻求一条新的出路。

South Korea excludes cryptocurrency donations but allows stablecoins and blockchain gift certificates in charity contributions, reflecting concerns about scams. Despite high crypto adoption, regulatory contradictions aim to balance innovation with investor protection in South Korea's evolving financial landscape.

Hong Kong's Securities and Futures Commission has stopped accepting crypto exchange license applications, with non-compliant exchanges facing closure by 31 May 2024. Licensed operators include OSL Digital Securities and HashKey Exchange, while notable applicants like Bybit and OKX seek approval, though platforms like Coinbase and Kraken are absent.

HTX, formerly known as Huobi, withdrew its application for a crypto trading license in Hong Kong just three days after submission. This follows a similar decision by Huobi Korea to cease its trading services in South Korea due to regulatory changes and market dynamics.

OKX's weak verification methods, coupled with platforms like OnlyFake, raise concerns over widespread identity fraud in online transactions.

India has heightened its crackdown on offshore crypto exchanges, leading Apple to remove apps of platforms like Binance and Bitfinex from its App Store within the country. Regulatory measures, including compliance notices and a 1% levy called Tax Deducted at Source (TDS), reflect India's commitment to enforcing crypto regulations, impacting both local and offshore exchanges.