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Cryptocurrency exchange Huobi celebrates its anniversary on the 13th of September every year, and it is doing so with a contentious marketing move in 2023. The company was launched 10 years ago, and to commemorate the occasion, the company changed its name from “Huobi” to “HTX,” similar to the now-defunct exchange FTX. Huobi Changes Exchange Rebrands As HTX Huobi, one of the most prominent crypto exchanges in the Asian region, officially disclosed its rebranding and global expansion campaign on Wednesday, September 13. This move primarily involves a shift of the crypto firm’s identity to a new brand, HTX. In a media release, Huobi explained the reason behind the name, which it called a “new global brand.” The new name represents the first letters of the Huobi exchange (H), company advisor Justin Sun’s blockchain project, TRON (T), and X for the exchange. According to the exchange’s website, the new “HTX” name can be broken down as “HT,” the ticker for Huobi’s native token. Meanwhile, the letter “X” may represent the Roman numeral for 10, celebrating the firm’s 10th anniversary. These changes have also been reflected in the exchange’s social media accounts. Huobi’s X (formerly Twitter) main account has been renamed “HTX_Global,” while its official Telegram channel is now branded “HTX Global Official.” Besides the new name, the HTX exchange highlighted some of its goals as it entered a new decade. The exchange said: HTX’s new mission is to build a metaverse-free port with a vision to achieve financial freedom for 8 billion people on Earth. HTX is embarking on a growth strategy of “global expansion, thriving ecosystem, wealth effect, and security and compliance. As of this writing, HTX (formerly Huobi) ranks as one of the largest cryptocurrency exchanges in the world, with a daily trading volume of over $830 billion. The Crypto Community Reacts Unsurprisingly, the new “HTX” has provoked interesting reactions from the online crypto community. Several X users have questioned the inspiration of the HTX name, given its similarity with the bankrupt FTX exchange. One crypto enthusiast worried about the X platform, saying, “What’s up with Huobi? I think it’s giving me FTX vibes.” ���A Huobi Rebrand to HTX is the worst possible branding move in crypto history,” Bitcoin educator Dan Held said. Huobi rebrand to HTX is the worst possible branding move in crypto history. — Dan Held (@danheld) September 13, 2023 Some crypto community members expressed their concerns about the possible collapse of the Huobi exchange, with the rebrand being a “signal of sorts.” “It’s a warning. If you don’t get your funds off there, enjoy losing it all,” an X user specifically said. At the same time, this re-branding has been linked to Justin Sun’s recent interest in purchasing FTX’s assets. On Monday, September 11, Sun signaled interest in buying FTX’s assets to reduce the potential market impact of the impending assets’ liquidation. FTX collapsed in November 2022 due to a liquidity crisis, significantly impacting the cryptocurrency market. Sam-Bankman Fried, the exchange’s co-founder, is set to start trial in October for several counts of fraud-related offenses. HT token price remains unchanged on the daily timeframe | Source: HTUSDT chart on TradingView Source
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First, it was bought by everyday traders. Then, the financial institutions started to buy. Now countries are buying Bitcoin. @Dan Held https://twitter.com/danheld/status/1438160023759302659 #Bitcoin #wazirxwarriors #IndiaWantsCrypto #CryptoSetsYouFree #cryptocurrency #bitcoinmemes #danheld #ripple https://www.instagram.com/p/CT5JrLsNkEL/?utm_medium=tumblr
#bitcoin#wazirxwarriors#indiawantscrypto#cryptosetsyoufree#cryptocurrency#bitcoinmemes#danheld#ripple
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#dailycryptoupdate #cryptonews #crypscrow #china #cryptoranking #eos #leads #kraken #danheld #ukregulator #guidance #crypto #sony #raise #cryptobanking #bitwala #green #markets #huobi #partners #globaldigitalfinance #cryptostandards https://www.instagram.com/p/B0mrKToAGxG/?igshid=p1sbaixrf79b
#dailycryptoupdate#cryptonews#crypscrow#china#cryptoranking#eos#leads#kraken#danheld#ukregulator#guidance#crypto#sony#raise#cryptobanking#bitwala#green#markets#huobi#partners#globaldigitalfinance#cryptostandards
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@danheld Heated, with a poppyseed bun and spicy brown mustard? Nope.
@danheld Heated, with a poppyseed bun and spicy brown mustard? Nope.
@danheld Heated, with a poppyseed bun and spicy brown mustard? Nope. — Patrick Rooney (@patrickrooney) Oct 4, 2022 https://platform.twitter.com/widgets.js from Twitter https://twitter.com/patrickrooney
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RT @danheld: The definition of a Bitcoiner is explified by @nic__carter who has ceaselessly fought to defend Bitcoin against detractors. Trying to cancel him bc of an entirely arbitrary purity test is dumb.
— Nick Calabro (@NickCalabs) Jun 29, 2022
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New Post has been published on https://primorcoin.com/bitcoin-falls-below-18000-ethereum-under-900-as-selloff-intensifies/
Bitcoin Falls Below $18,000, Ethereum Under $900 as Selloff Intensifies
Just after 3 a.m. on Saturday morning, Bitcoin finally fell below $20,000. One hour later, Ethereum followed it down and fell below $1,000. Those figures were seen as much-dreaded key support levels for the top two coins by market cap.
But by 5:15 a.m. EST, both began to slowly climb back, appearing to avoid the immediate precipitous slide many predicted would happen if $20,000 and $1,000 were breached. Some may have hoped $18,979 and $987 would be the lows of this crash.
No such luck: things got worse again around noon. Bitcoin and Ethereum took another dramatic leg lower, with BTC going to $17,772 at 4:30 p.m. EST on CoinMarketCap, and ETH to $898 at 4:15 p.m.
The current Crypto Winter is different from 2018 in that crypto is tanking along with tech stocks as the broader economy looks shaky, inflation is ballooning, and a full-on recession looks imminent.
As crypto believers look for the bottom (and some wait to buy back in), things could get much worse before they get better.
The carnage has been highlighted by a series of crypto firm failures or alarms about insolvency, from Celsius freezing withdrawals to Babel Finance doing the same, to investors pulling out of Three Arrows Capital. Grayscale’s GBTC is trading at an all-time discount to the spot price of Bitcoin.
I’ve seen worse moments in Bitcoin’s history.
We are on the path of maximum pain.
Those who survive will earn the title of HODLer. https://t.co/jHwsnhMyAh
— Dan Held (@danheld) June 18, 2022
Kraken growth marketing director and Bitcoin influencer Dan Held declared on Saturday, “We are on the path of maximum pain.” Antoni Trenchev, founder of crypto lender Nexo, said on Bloomberg on Friday that the current crash “reminds me, quite frankly, of the 1907 bank panic.”
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#Blockchain #Crypto #CryptoNews #TraedndingCrypto
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Get on board! 🚢#FreeTokens #TGDAO Are On The Way 💨 New Airdrop: TG DAO 3.0 Rewards: $50 000 (417 000 TGDAO tokens) Winners: 5000 Date: 11th November - 11th December Distribution: Within 1 week after Airdrop Take part in the hottest TG DAO 3.0 AIRDROP by following the simple rules: 👉Complete 4 simple tasks and earn rewards; 👉Invite friends via bot and get extra allocation chances; 👉More friends - more points to your Reputation and income on TG DAO 3.0. 🔗 Start the Airdrop Bot ❗Get free TGDAO tokens right now❗ ♧♧♧♧♧♧♧♧♧♧♧♧♧♧♧♧ 📔Distribution: 🇬🇧🇬🇧 "Hi! I’m participating in the Launchpad TG DAO 3.0 Airdrop Project. Complete a 4 simple tasks and get cool prizes at the start of a cool project! GO: https://t.me/TGDAOAirdrop_bot?start=965866186" Do you want to know how to convert your contacts into real money after the Airdrop? It's important to understand that each referral gets you not just a lottery ticket for the current Airdrop, but also $2.5 (in its WGNR equivalent). The number of referrals you bring also determines your project Reputation, and it directly influences profit received from the whole project! 🇮🇷🇮🇷 📔 توضیحات: "سلام! من در Launchpad TG DAO 3.0 Airdrop Project شرکت می کنم. 4 کار ساده را تکمیل کنید و در شروع یک پروژه جالب جوایز جالبی دریافت کنید! برو: https://t.me/TGDAOAirdrop_bot?start=965866186" آیا می خواهید بدانید چگونه مخاطبین خود را پس از Airdrop به پول واقعی تبدیل کنید؟ درک این نکته مهم است که هر ارجاع نه تنها یک بلیط قرعه کشی برای Airdrop فعلی، بلکه 2.5 دلار (در معادل WGNR آن) به شما می دهد. تعداد ارجاعاتی که می آورید نیز اعتبار پروژه شما را تعیین می کند و مستقیماً بر سود دریافتی از کل پروژه تأثیر می گذارد! #dao @dao #defi #btc #bsc #eth #tgdao #gem and tag a crypto opinion leader of your choice: @elonmusk, @VitalikButerin, @aantop, @TimDraper, @SatoshiLite, @APompliano, @ErikVoorhees, @IvanOnTech, @BVBTC, @danheld, @LayahHeilpern, @KennethBosak, @BinanceChain, @binance , @pancakeswap https://www.instagram.com/p/CWfzw8AsIVk/?utm_medium=tumblr
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@danheld @TuurDemeester @allenf32 "ignorant" normies
@danheld @TuurDemeester @allenf32 “ignorant” normies
@danheld @TuurDemeester @allenf32 “ignorant” normies — Patrick Rooney (@patrickrooney) Sep 28, 2022 https://platform.twitter.com/widgets.js from Twitter https://twitter.com/patrickrooney
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#Breaking: $1.6B of Gold vs. $1.6B of #Bitcoin
#Breaking: $1.6B of Gold vs. $1.6B of #Bitcoin
https://twitter.com/danheld/status/1422558057477849092?s=20 Source: Twitter
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Sure, we all hate taxes but this is another good and informative read from Dan. Worth bookmarking. Crypto Taxes v2, by @danheld https://t.co/uN5YogjO0H
Sure, we all hate taxes but this is another good and informative read from Dan. Worth bookmarking. Crypto Taxes v2, by @danheld https://t.co/uN5YogjO0H — Patrick Rooney (@patrickrooney) Mar 24, 2022 https://platform.twitter.com/widgets.js from Twitter https://twitter.com/patrickrooney
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WHY ARE WE BULLISH? Natalie Brunell, Aaron Segal, Lauren Sieckmann, Dan Held
WHY ARE WE BULLISH? Natalie Brunell, Aaron Segal, Lauren Sieckmann, Dan Held
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