Huobi Cloud Wallet shutting down as part of ‘strategic and product adjustments’ – CryptoNewsTo
September 19, 2024

CryptoNewsTo

Breaking News of Crypto

Huobi Cloud Wallet shutting down as part of ‘strategic and product adjustments’

Cryptonewsto1995 mins


Digital asset exchange Huobi has announced that it will shut down its Cloud Wallet services because of “strategic and product adjustments,” a move that took users of the exchange by surprise.

Huobi made the announcement via a post on its website, stating that the company will halt all activities related to maintenance and upgrading the Cloud Wallet starting immediately. Users have been urged to transfer all their tokens and non-fungible tokens from the wallet to other platforms within the three-month withdrawal period provided by the exchange.

“If you are still using the Cloud Wallet or have assets stored in it, we recommend you to transfer your tokens and NFT assets to your Huobi account or other on-chain addresses as soon as possible. Withdrawal services for Huobi Cloud Wallet will remain available for three months,” Huobi’s post read.

Huobi stated that it had created several tutorials and demos for beginners using the Cloud Wallet feature to ease the sudden transition. Huobi urged users not to send any assets to their Cloud Wallets, confirming the platform’s official discontinuation date as May 13.

The Huobi Cloud Wallet was launched in October 2021, allowing users to store different tokens without using private keys held by a third-party management system under escrow. At that time, the product allowed users to interact with a myriad of decentralized finance (DeFi) tokens without hassles, going on to support publicly distributed ledgers like Ethereum (ETH), Binance Smart Chain (BSC), and Polygon (MATIC).

The embattled exchange warned users to avoid using third-party assistance in withdrawing their funds to avoid falling victim to fraudulent schemes. In January, the exchange announced the delisting of 33 tokens from the platform over violations of the listing requirements and falling short of the “requirement of having $50,000 in trading volume.”

Difficult times for Huobi

Huobi has been weighed down by a series of unsavory events around the exchange over the last couple of months. Recently, the exchange confirmed that it was laying off 20% of its staff to weather the storm triggered by the extended bear market and the implosions of several centralized entities.

Huobi Global’s subsidiary in South Korea disclosed plans to sever ties with its parent company, citing the tumultuous patch faced by Huobi Global and the need to “strengthen its position as a domestic company.” The Korean branch confirmed that it would begin repurchasing its shares from Huobi Global as it looks to distance itself from the tag of being a Chinese company.

Furthermore, Huobi has received a barrage of criticisms following the announcement of its reserves on the grounds that the bulk of the reserves was made up of its Huobi Token (HT).

Watch: New Technologies, New Futures for Nations

width=”562″ height=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”>

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.



Source link

199 thoughts on “Huobi Cloud Wallet shutting down as part of ‘strategic and product adjustments’”

  4. We are a group of volunteers and opening a new scheme in our community. Your web site provided us with valuable info to work on. You have done an impressive job and our entire community will be grateful to you.

  5. My brother suggested I might like this website. He used to be totally right. This submit truly made my day. You can not believe simply how so much time I had spent for this information! Thanks!

  8. of course like your website however you need to check the spelling on quite a few of your posts. Many of them are rife with spelling issues and I in finding it very bothersome to tell the truth nevertheless I will surely come again again.

  11. Aw, this was a really nice post. In idea I wish to put in writing like this moreover – taking time and actual effort to make an excellent article… but what can I say… I procrastinate alot and on no account appear to get one thing done.

  12. Hello there! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!

  13. We’re a bunch of volunteers and opening a brand new scheme in our community. Your site offered us with valuable information to paintings on. You’ve done a formidable activity and our whole community can be thankful to you.

  14. Hello there, just turned into alert to your blog via Google, and located that it’s truly informative. I am gonna watch out for brussels. I’ll appreciate in case you proceed this in future. Many other folks might be benefited from your writing. Cheers!

  22. I believe this site holds some very fantastic info for everyone. “He who has not looked on Sorrow will never see Joy.” by Kahlil Gibran.

  26. Hey there just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Chrome. I’m not sure if this is a format issue or something to do with internet browser compatibility but I figured I’d post to let you know. The design look great though! Hope you get the problem fixed soon. Kudos

  27. Its like you read my thoughts! You appear to know so much approximately this, such as you wrote the guide in it or something. I think that you could do with some p.c. to power the message home a bit, however instead of that, that is wonderful blog. An excellent read. I’ll definitely be back.

  28. Hello, i believe that i saw you visited my weblog so i came to “return the favor”.I’m trying to to find issues to enhance my website!I suppose its adequate to use a few of your concepts!!

  31. The very crux of your writing while sounding agreeable at first, did not sit well with me after some time. Somewhere within the paragraphs you actually were able to make me a believer unfortunately only for a while. I still have a problem with your leaps in logic and one might do well to fill in those gaps. In the event that you can accomplish that, I will surely be impressed.

  40. I’ve been exploring for a little bit for any high-quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this web site. Reading this info So i’m happy to convey that I have a very good uncanny feeling I discovered exactly what I needed. I most certainly will make certain to do not forget this web site and give it a glance on a constant basis.

  44. Good write-up, I am regular visitor of one?¦s web site, maintain up the excellent operate, and It is going to be a regular visitor for a lengthy time.

  45. Howdy, i read your blog from time to time and i own a similar one and i was just curious if you get a lot of spam remarks? If so how do you reduce it, any plugin or anything you can recommend? I get so much lately it’s driving me mad so any support is very much appreciated.

  47. Just a smiling visitant here to share the love (:, btw great pattern. “Make the most of your regrets… . To regret deeply is to live afresh.” by Henry David Thoreau.

  49. Generally I do not read post on blogs, but I wish to say that this write-up very forced me to try and do so! Your writing style has been amazed me. Thanks, very nice post.

  50. naturally like your website but you have to test the spelling on several of your posts. Several of them are rife with spelling problems and I to find it very bothersome to inform the truth however I will surely come back again.

  51. Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.

  52. Aw, this was a really nice post. In idea I would like to put in writing like this additionally – taking time and actual effort to make a very good article… but what can I say… I procrastinate alot and on no account appear to get one thing done.

  56. I like this website very much, Its a rattling nice place to read and find info . “There is no exercise better for the heart than reaching down and lifting people up.” by John Andrew Holmes.

  57. Pretty nice post. I just stumbled upon your weblog and wanted to mention that I have really enjoyed browsing your blog posts. After all I will be subscribing to your rss feed and I am hoping you write again very soon!

  58. Greetings! This is my 1st comment here so I just wanted to give a quick shout out and say I truly enjoy reading through your posts. Can you suggest any other blogs/websites/forums that deal with the same subjects? Many thanks!

  60. excellent post, very informative. I ponder why the other experts of this sector don’t understand this. You should continue your writing. I’m sure, you have a great readers’ base already!

  61. I keep listening to the news broadcast talk about receiving boundless online grant applications so I have been looking around for the most excellent site to get one. Could you tell me please, where could i find some?

  64. I like what you guys are up also. Such intelligent work and reporting! Keep up the superb works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂

  65. Great post. I was checking continuously this blog and I am impressed! Very helpful info particularly the last part 🙂 I care for such information much. I was looking for this particular information for a very long time. Thank you and good luck.

  69. I think this is one of the so much important info for me. And i am satisfied reading your article. However wanna observation on some basic things, The website style is perfect, the articles is really great : D. Excellent job, cheers

  73. I was wondering if you ever considered changing the structure of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or two images. Maybe you could space it out better?

  74. Fantastic goods from you, man. I’ve have in mind your stuff prior to and you’re just too great. I really like what you’ve obtained here, certainly like what you are saying and the way by which you are saying it. You’re making it entertaining and you continue to take care of to stay it sensible. I can’t wait to read far more from you. That is actually a tremendous web site.

  75. I’ve been exploring for a bit for any high quality articles or weblog posts on this kind of area . Exploring in Yahoo I ultimately stumbled upon this website. Reading this info So i am satisfied to express that I’ve an incredibly excellent uncanny feeling I found out exactly what I needed. I so much without a doubt will make sure to do not overlook this web site and provides it a look regularly.

  76. Most of the things you point out is astonishingly appropriate and it makes me ponder the reason why I had not looked at this in this light previously. Your article really did switch the light on for me as far as this particular issue goes. Nonetheless at this time there is actually one particular factor I am not too comfortable with and whilst I make an effort to reconcile that with the main idea of your point, let me see what the rest of the visitors have to point out.Very well done.

  77. of course like your web site however you have to take a look at the spelling on several of your posts. Many of them are rife with spelling issues and I in finding it very troublesome to tell the reality nevertheless I will surely come back again.

  78. There are some interesting cut-off dates on this article however I don’t know if I see all of them middle to heart. There may be some validity but I’ll take hold opinion until I look into it further. Good article , thanks and we wish extra! Added to FeedBurner as well

  80. I don’t even know the way I stopped up right here, however I thought this publish used to be good. I don’t recognize who you might be but definitely you are going to a famous blogger if you happen to aren’t already 😉 Cheers!

  81. hello!,I love your writing very a lot! percentage we keep in touch extra approximately your post on AOL? I need an expert in this house to resolve my problem. May be that’s you! Having a look forward to peer you.

  85. certainly like your website however you have to test the spelling on quite a few of your posts. A number of them are rife with spelling issues and I to find it very bothersome to tell the truth nevertheless I will definitely come again again.

  87. An interesting dialogue is worth comment. I believe that you should write more on this matter, it may not be a taboo subject but generally people are not enough to talk on such topics. To the next. Cheers

  90. Good post. I be taught one thing more difficult on completely different blogs everyday. It is going to all the time be stimulating to learn content from different writers and follow just a little one thing from their store. I’d favor to use some with the content material on my weblog whether or not you don’t mind. Natually I’ll give you a hyperlink in your internet blog. Thanks for sharing.

  91. I precisely desired to appreciate you once again. I do not know what I would’ve used without the entire suggestions contributed by you directly on this problem. It was actually a very horrifying issue for me personally, however , encountering a new professional avenue you dealt with it made me to cry with delight. Extremely grateful for your information and thus sincerely hope you find out what an amazing job you were accomplishing educating most people by way of your webblog. Most likely you have never met all of us.

  92. I would like to thank you for the efforts you have put in writing this web site. I am hoping the same high-grade site post from you in the upcoming as well. In fact your creative writing skills has inspired me to get my own site now. Actually the blogging is spreading its wings fast. Your write up is a great example of it.

  93. I do consider all the ideas you’ve introduced to your post. They are really convincing and can definitely work. Still, the posts are too quick for beginners. Could you please prolong them a bit from next time? Thank you for the post.

  96. Good day! I know this is kind of off topic but I was wondering which blog platform are you using for this website? I’m getting tired of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.

  97. I do not even know the way I finished up here, however I thought this put up was great. I don’t know who you’re however definitely you’re going to a well-known blogger if you happen to aren’t already 😉 Cheers!

  100. Hello, i believe that i saw you visited my website so i came to “return the choose”.I’m trying to find issues to improve my website!I assume its ok to use a few of your ideas!!

  101. I like this post, enjoyed this one thank you for posting. “What is a thousand years Time is short for one who thinks, endless for one who yearns.” by Alain.

  102. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You definitely know what youre talking about, why throw away your intelligence on just posting videos to your weblog when you could be giving us something informative to read?

  104. Heya i am for the first time here. I came across this board and I find It really useful & it helped me out much. I hope to give something back and help others like you aided me.

  105. hi!,I like your writing very much! share we communicate more about your article on AOL? I need an expert on this area to solve my problem. May be that’s you! Looking forward to see you.

  108. I’m not that much of a internet reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your site to come back in the future. All the best

  110. I was just seeking this information for a while. After 6 hours of continuous Googleing, finally I got it in your web site. I wonder what’s the lack of Google strategy that do not rank this type of informative websites in top of the list. Normally the top websites are full of garbage.

  112. This is a very good tips especially to those new to blogosphere, brief and accurate information… Thanks for sharing this one. A must read article.

  113. Hello, i feel that i saw you visited my web site so i got here to “go back the prefer”.I’m trying to to find issues to improve my web site!I guess its ok to make use of some of your ideas!!

  114. You can definitely see your enthusiasm within the paintings you write. The arena hopes for even more passionate writers like you who are not afraid to mention how they believe. At all times follow your heart. “No man should marry until he has studied anatomy and dissected at least one woman.” by Honore’ de Balzac.

  115. I haven’t checked in here for some time because I thought it was getting boring, but the last several posts are great quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂

  116. I like what you guys are up too. Such clever work and reporting! Keep up the superb works guys I¦ve incorporated you guys to my blogroll. I think it will improve the value of my site 🙂

  117. Outstanding post, I conceive website owners should acquire a lot from this web blog its rattling user friendly.

  118. Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!

  119. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  123. When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!

  124. Somebody essentially help to make seriously posts I would state. This is the very first time I frequented your website page and thus far? I amazed with the research you made to make this particular publish incredible. Wonderful job!

  127. Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but other than that, this is wonderful blog. An excellent read. I will definitely be back.

  128. Admiring the persistence you put into your blog and in depth information you present. It’s great to come across a blog every once in a while that isn’t the same out of date rehashed information. Excellent read! I’ve saved your site and I’m including your RSS feeds to my Google account.

  132. I am not sure where you’re getting your info, but good topic. I needs to spend some time learning much more or understanding more. Thanks for wonderful info I was looking for this information for my mission.

  133. Have you ever thought about creating an ebook or guest authoring on other websites? I have a blog centered on the same topics you discuss and would really like to have you share some stories/information. I know my subscribers would enjoy your work. If you’re even remotely interested, feel free to send me an email.

  135. Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish just about gossips and web and this is really frustrating. A good website with exciting content, that’s what I need. Thank you for keeping this web site, I will be visiting it. Do you do newsletters? Cant find it.

  137. I’m very happy to read this. This is the kind of manual that needs to be given and not the random misinformation that’s at the other blogs. Appreciate your sharing this greatest doc.

  139. I was recommended this web site by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my problem. You are wonderful! Thanks!

  140. Generally I do not read post on blogs, but I would like to say that this write-up very forced me to try and do so! Your writing style has been amazed me. Thanks, very nice post.

  141. Hiya very cool site!! Guy .. Excellent .. Superb .. I will bookmark your blog and take the feeds additionally…I’m glad to find a lot of useful info here in the publish, we need develop extra strategies in this regard, thanks for sharing. . . . . .

  143. Hello just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Firefox. I’m not sure if this is a format issue or something to do with internet browser compatibility but I thought I’d post to let you know. The design look great though! Hope you get the problem fixed soon. Kudos

  145. I’ve been surfing online more than 3 hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my view, if all website owners and bloggers made good content as you did, the internet will be a lot more useful than ever before.

  146. Generally I do not learn post on blogs, but I wish to say that this write-up very pressured me to take a look at and do so! Your writing taste has been amazed me. Thanks, quite great article.

  152. GlucoBerry is one of the biggest all-natural dietary and biggest scientific breakthrough formulas ever in the health industry today. This is all because of its amazing high-quality cutting-edge formula that helps treat high blood sugar levels very naturally and effectively. https://glucoberrybuynow.us/

  159. ???? Wow, blog ini seperti perjalanan kosmik meluncurkan ke alam semesta dari keajaiban! ???? Konten yang menarik di sini adalah perjalanan rollercoaster yang mendebarkan bagi pikiran, memicu kagum setiap saat. ???? Baik itu inspirasi, blog ini adalah harta karun wawasan yang mendebarkan! #TerpukauPikiran ???? ke dalam petualangan mendebarkan ini dari pengetahuan dan biarkan pemikiran Anda berkelana! ???? Jangan hanya mengeksplorasi, rasakan sensasi ini! ???? Pikiran Anda akan bersyukur untuk perjalanan menyenangkan ini melalui ranah keajaiban yang penuh penemuan! ✨

  164. EndoPump is a dietary supplement for men’s health. This supplement is said to improve the strength and stamina required by your body to perform various physical tasks. Because the supplement addresses issues associated with aging, it also provides support for a variety of other age-related issues that may affect the body. https://endopumpbuynow.us/

  170. Illuderma is a serum designed to deeply nourish, clear, and hydrate the skin. The goal of this solution began with dark spots, which were previously thought to be a natural symptom of ageing. The creators of Illuderma were certain that blue modern radiation is the source of dark spots after conducting extensive research. https://illudermabuynow.us/

  179. Metabo Flex is a nutritional formula that enhances metabolic flexibility by awakening the calorie-burning switch in the body. The supplement is designed to target the underlying causes of stubborn weight gain utilizing a special “miracle plant” from Cambodia that can melt fat 24/7. https://metaboflexbuynow.us/

  185. Unlock the incredible potential of Puravive! Supercharge your metabolism and incinerate calories like never before with our unique fusion of 8 exotic components. Bid farewell to those stubborn pounds and welcome a reinvigorated metabolism and boundless vitality. Grab your bottle today and seize this golden opportunity! https://puravivebuynow.us/

  192. Incredibly enthusiastic to share my thoughts here! ???? This content is refreshingly unique, blending creativity with insight in a way that’s engrossing and informative. Every detail seems carefully put together, exhibiting a deep understanding and passion for the subject. It’s rare to find such a perfect blend of information and entertainment! Major applause to everyone involved in creating this masterpiece. Your hard work and dedication shine brightly, and it’s an absolute joy to witness. Looking forward to seeing more of this incredible work in the future! Keep amazing us all! ???????????? #Inspired #CreativityAtItsBest

  193. So excited to share my thoughts here! ???? This content is astonishingly innovative, blending creativity with insight in a way that’s both engaging and enlightening. Every detail seems meticulously crafted, demonstrating a deep grasp and passion for the subject. It’s rare to find such a perfect blend of information and entertainment! Major applause to everyone involved in creating this masterpiece. Your hard work and dedication are clearly evident, and it’s an absolute joy to witness. Looking forward to seeing more of this amazing work in the future! Keep inspiring us all! ???????????? #Inspired #CreativityAtItsBest

Comments are closed.

Related News