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Huobi Launched Latest $100M Fund To Invest In DeFi Projects

Huobi launched the latest $100 million funds to invest in Defi projects and it is one of the biggest blockchain companies to announce such a thing as we can see more in our latest cryptocurrency news. Huobi Group is one of the largest blockchain companies in the world that announced this week that it would launch Huobi Ventures as a new subsidiary that will focus on Huobi’s investment portfolio in the blockchain space. With a $100 million portfolio, the Chinese subsidiary group will invest in early-stage blockchain and decentralized finance projects in three years’ time. The initiative will be led…

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Huobi Group Launches $100 Million VC Fund for DeFi, NFT Projects

Huobi Group Launched New VC Fund worth $100 million that wants to concentrate the blockchain investments under the single banner of Huobi Ventures as we can see more in our latest Huobi news today. Huobi Ventures will focus on the investments in the early-stage blockchain and DeFi startups with the new venture arm will also establish a $10 million fund that is dedicated to NFTs. Huobi Group is the parent company of Seychelles-based crypto exchange which launched a new $100 million venture capital fund that will focus on investing in the early-stage blockchain and decentralized startups. According to the announcement,…

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Shyft Network Adds Tether, Bitfinex And Huobi To New Task Force

Shyft Network will now add Bitfinex, Tether, and Huobi into its crypto-focused anti-money laundering task force as we are reading more about in our tether cryptocurrency news. According to the announcement by the Shyft Network, the Veriscope Governance Task Force includes new members such as binance, Bitfury, Unocoin, Tokocrypto, and CoinHako. Shyft is a well-known participant in the race to bring bigger crypto adoption in line with the Financial Action Taskforce and the AML regulations as they hired Rick McDonell, the heavyweight advisor and former FATF executive secretary, and Josee Nadeau who was the head of the Canadian delegation of…

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Huobi Poured Millions Into DeFi Research And Investment: Report

Huobi poured millions into Defi investment and research projects to drive the decentralized finance growth and even hired a former Wall Street executive as we are reading more in the upcoming altcoin news. Huobi established a new DeFi division to help drive the growth via the new investment and research branch. Former Wall Street executive Sharlyn Wu joined the firm to lead Huobi Defi labs and the division will start with millions of dollars to put into investments. Huobi poured millions in research in the new division focused on decentralized finance investment, research, and incubation. DeFi refers to non-custodial projects…

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Huobi Exchange Operator Hired Ex-Banking Giant Executive

Huobi exchange operator just hired an ex-banking giant to lead the new DeFi fund that was formed to invest millions of dollars in its own capital as we are reading more in our Huobi token news. The Huobi exchange operator said in an announcement that it has launched a new business unit called Huobi DeFi labs to manage the new fund. The DeFi lab will comprise of four staffers that will focus mostly on investment, research, and incubation for all defi-related projects. The exchange hired a former banker named Sharlyn Wu as its chief investment officer to lead the initiative.…

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Huobi Enters Digital Asset Industry Launching New Custody Platform

The second-biggest crypto exchange Huobi enters the digital asset industry by launching a new digital asset custody platform, expanding even more by getting into the custodian business so let’s find out more in the Huobi token news today. The digital asset custody business is quite similar to the custodian business for equities since third-party neutral holders are keeping the asset as the deal settles. In Asia, most of the industry is stationed in Hong Kong because of the favorable rules. Huobi enters the digital asset industry as they started targeting accredited investors and institutions that will let investors subscribe to…

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