Bitcoin Poised for Further Losses After Two-Day Plunge Wipes Out More Than $100B
Even after a price plunge of more than $10,000 over the past couple days, analysts see further selling ahead.
Huobi told CoinDesk the entity is within the company group.
"Why would an exchange or any service in this industry that's claiming to want to do the right thing refuse to speak at all?" says CipherBlade's Rich Sanders.
Chinese social media app Weibo suspended the official accounts of four major crypto exchanges: Huobi, Binance, OKEx and MXC.
The new license allows Huobi to advise on and manage securities investments.
Bitcoin analysts say this week's quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether.