<h2>The Malaysian Securities Commission has banned the popular digital currency exchange from offering services in Malaysia.</h2>Following a series of enforcement actions by the Malaysian Securities Trading Compliance Authority, a well-known cryptocurrency trading platform was ordered to immediately cease all activity in Malaysia. According to an official statement leaked to the media on May 22 this year, Huobi Global has not registered as a cryptocurrency exchange operator.<h3>Huobi Global with an order to stop all operations in Malaysia</h3><h3></h3>On May 22 this year, the Securities Commission of Malaysia issued an order for the popular digital currency exchange platform Huobi Global to immediately stop providing its services to the residents of the country. All this happened due to the lack of required registration as an operator of services related to digital currency trading.The cryptocurrency company mentioned above was instructed by the local Malaysian regulator to shut down its website and mobile app in the Apple Store and Google Play stores. The authority also expects Huobi Global to immediately stop advertising cryptocurrency products to Malaysian customers via email and social media.In an official communication addressed to the public, the Malaysian regulator indicated that its decision was dictated solely by proper compliance with local regulatory requirements. The Malaysian supervisor of the financial market also urged the inhabitants of this country to stop any activity on the Huobi Global platform, withdraw their funds from this exchange and close their accounts.Under Malaysian law, operating a cryptocurrency platform without first obtaining the required authorization from the relevant Malaysian financial authority is an offense under the Capital Markets and Services Act 2007.The public reprimand issued by the Malaysian financial market supervisor was directed not only at Huobi Global, but also at the general director of this platform - Leon Li. In simple terms, it is a call to stop any activity in Malaysia in any form.

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<h2>Malezyjska Komisja Papierów Wartościowych zakazała popularnej cyfrowej giełdzie walutowej oferowania usług w Malezji.</h2>W następstwie szeregu działań egzekucyjnych podjętych przez Malezyjski Urząd ds. Zgodności Obrotu Papierami Wartościowymi, znana platforma handlu kryptowalutami otrzymała nakaz natychmiastowego zaprzestania wszelkiej działalności w Malezji. Zgodnie z oficjalnym oświadczeniem, które wyciekło do mediów 22 maja tego roku, Huobi Global nie zarejestrowało się jako operator giełdy kryptowalut.<h3>Huobi Global z nakazem zaprzestania wszelkiej działalności w Malezji</h3><h3></h3>W dniu 22 maja bieżącego roku Komisja Papierów Wartościowych Malezji wydała nakaz, aby popularna platforma wymiany walut cyfrowych Huobi Global natychmiast zaprzestała świadczenia swoich usług mieszkańcom kraju. Wszystko to stało się z powodu braku wymaganej rejestracji jako operator usług związanych z handlem walutami cyfrowymi.Wspomniana firma kryptowalutowa została poinstruowana przez lokalnego malezyjskiego regulatora, aby zamknąć swoją stronę internetową i aplikację mobilną w sklepach Apple Store i Google Play. Organ oczekuje również od Huobi Global natychmiastowego zaprzestania reklamowania produktów kryptowalutowych malezyjskim klientom za pośrednictwem poczty elektronicznej i mediów społecznościowych.W oficjalnym komunikacie skierowanym do opinii publicznej malezyjski regulator wskazał, że jego decyzja była podyktowana wyłącznie należytym przestrzeganiem lokalnych wymogów regulacyjnych. Malezyjski nadzorca rynku finansowego wezwał również mieszkańców tego kraju do zaprzestania jakiejkolwiek aktywności na platformie Huobi Global, wycofania swoich środków z tej giełdy i zamknięcia swoich rachunków.Zgodnie z malezyjskim prawem, prowadzenie platformy kryptowalutowej bez uprzedniego uzyskania wymaganej autoryzacji od odpowiedniego malezyjskiego organu finansowego jest przestępstwem na mocy ustawy o rynkach kapitałowych i usługach z 2007 roku.Publiczna reprymenda wydana przez malezyjskiego nadzorcę rynku finansowego została skierowana nie tylko do Huobi Global, ale także do dyrektora generalnego tej platformy - Leona Li. Mówiąc prościej, jest to wezwanie do zaprzestania jakiejkolwiek działalności w Malezji w jakiejkolwiek formie.

Huobi Global otrzymał nakaz natychmiastowego zaprzestania działalności w Malezji

<h2>Малазийская комиссия по ценным бумагам запретила популярной бирже цифровых валют предлагать услуги в Малайзии.</h2>После серии правоприменительных действий со стороны Малазийского управления по соблюдению правил торговли ценными бумагами известной криптовалютной торговой платформе было приказано немедленно прекратить любую деятельность в Малайзии. Согласно официальному заявлению, просочившемуся в СМИ 22 мая этого года, Huobi Global не была зарегистрирована в качестве оператора криптовалютной биржи.<h3>Huobi Global с приказом прекратить все операции в Малайзии</h3><h3></h3>22 мая этого года Комиссия по ценным бумагам Малайзии издала приказ о том, чтобы популярная платформа обмена цифровых валют Huobi Global немедленно прекратила предоставлять свои услуги жителям страны. Все это произошло из-за отсутствия необходимой регистрации в качестве оператора услуг, связанных с торговлей цифровыми валютами.Упомянутая выше криптовалютная компания получила предписание от местного малазийского регулятора закрыть свой веб-сайт и мобильное приложение в магазинах Apple Store и Google Play. Орган также ожидает от Huobi Global немедленного прекращения рекламы криптовалютных продуктов для малазийских клиентов через электронную почту и социальные сети.В официальном сообщении, адресованном общественности, малазийский регулятор указал, что его решение было продиктовано исключительно надлежащим соблюдением местных нормативных требований. Малазийский надзорный орган финансового рынка также призвал жителей этой страны прекратить любую деятельность на платформе Huobi Global, вывести свои средства с этой биржи и закрыть свои счета.Согласно малазийскому законодательству, работа криптовалютной платформы без предварительного получения необходимого разрешения от соответствующего финансового органа Малайзии является правонарушением в соответствии с Законом о рынках капитала и услугах 2007 года.Общественное порицание, вынесенное малазийским органом надзора за финансовыми рынками, было направлено не только на Huobi Global, но и на генерального директора этой платформы - Леона Ли. Проще говоря, это призыв прекратить любую деятельность в Малайзии в любой форме.

Huobi Global было приказано немедленно прекратить деятельность в Малайзии

<h2>Die malaysische Wertpapieraufsichtsbehörde hat der beliebten Digitalwährungsbörse verboten, Dienstleistungen in Malaysia anzubieten.</h2>Nach einer Reihe von Durchsetzungsmaßnahmen durch die malaysische Wertpapierhandelsaufsichtsbehörde wurde eine bekannte Kryptowährungshandelsplattform angewiesen, ihre Aktivitäten in Malaysia unverzüglich einzustellen. Laut einer offiziellen Erklärung, die den Medien am 22. Mai dieses Jahres zugespielt wurde, hat sich Huobi Global nicht als Betreiber einer Kryptowährungsbörse registriert.<h3>Huobi Global mit Anordnung zur Einstellung aller Aktivitäten in Malaysia</h3><h3></h3>Am 22. Mai dieses Jahres ordnete die Wertpapierkommission von Malaysia an, dass die beliebte Plattform für den Austausch digitaler Währungen, Huobi Global, ihre Dienstleistungen für die Einwohner des Landes sofort einstellt. All dies geschah aufgrund des Fehlens der erforderlichen Registrierung als Betreiber von Dienstleistungen im Zusammenhang mit dem Handel mit digitalen Währungen.Das oben erwähnte Kryptowährungsunternehmen wurde von der lokalen malaysischen Aufsichtsbehörde angewiesen, seine Website und seine mobile App im Apple Store und in den Google Play Stores abzuschalten. Die Behörde erwartet auch, dass Huobi Global sofort aufhört, Kryptowährungsprodukte bei malaysischen Kunden per E-Mail und über soziale Medien zu bewerben.In einer offiziellen Mitteilung an die Öffentlichkeit wies die malaysische Aufsichtsbehörde darauf hin, dass ihre Entscheidung ausschließlich von der ordnungsgemäßen Einhaltung der lokalen regulatorischen Anforderungen diktiert wurde. Die malaysische Aufsichtsbehörde für den Finanzmarkt forderte die Einwohner des Landes außerdem auf, jegliche Aktivitäten auf der Huobi Global-Plattform einzustellen, ihre Gelder von dieser Börse abzuziehen und ihre Konten zu schließen.Nach malaysischem Recht stellt der Betrieb einer Kryptowährungsplattform ohne die erforderliche Genehmigung der zuständigen malaysischen Finanzbehörde eine Straftat nach dem Capital Markets and Services Act 2007 dar.Die öffentliche Rüge der malaysischen Finanzmarktaufsicht richtete sich nicht nur an Huobi Global, sondern auch an den Generaldirektor dieser Plattform - Leon Li. Vereinfacht ausgedrückt handelt es sich um eine Aufforderung, jegliche Aktivitäten in Malaysia in jeglicher Form einzustellen.

Huobi Global wurde angewiesen, den Betrieb in Malaysia sofort einzustellen

Huobi Global has been ordered to immediately cease operations in Malaysia

<h2>Considerable interest in non-fungible token technology has led to significant changes in the cryptocurrency sector.</h2>The broadly understood NFT market has been sending us subtle signals for some time that it is periodically trying to recover from the impact of the strong bear market that inevitably reached this sector. It is not difficult to quickly come to the conclusion that the prices of top tokens from key collections are still significantly away from the levels of the glory days, which ended around the first quarter of 2022. Despite this pessimistic fact, a certain change in the balance of power in this innovative sphere can be noticed. It is worth adding that so far, the Ethereum blockchain has been the network where non-fungible tokens were traded most frequently. In the end, however, Ethereum had to hand over the leadership position to its long-time competitor, Bitcoin.<h3>NFT trade is booming, but on a different blockchain</h3>Built, among others, by the popular programmer Vitalik Buterin, the Ethereum blockchain has for a long time been associated primarily with the fact that it is the cyberspace where by far the most non-fungible tokens (NFTs) are minted and where the highest trade rate in terms of turnover volume takes place.Recently, however, a revolutionary change took place, which led to BTC taking first place in terms of volume in the last 7 days.<h4>Latest data from the NFT market</h4>The latest data from the platform analyzing turnover volumes in the NFT sector shows that during the week Ethereum decreased by 3.72%, while tokens minted using the Ordinals protocol in the BTC network contributed to an increase by as much as 22.47 %, which led to this network ranking in first place.Finally, it is worth adding that the weekly volume here reached USD 101.3 million. In the case of the Ethereum protocol, it is USD 95.1 million. In third place, without any surprise, was Solana, which recorded a strong jump of 55% over the last week, and the trading volume of non-fungible tokens amounted to USD 66 million.

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Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

<h2>A financial company draws a positive forecast for one of the largest cryptocurrency projects</h2>The recent BTC price rally has sparked new enthusiasm in the world of digital currencies, and with it, increased interest in other cryptocurrencies. According to the forecasts of a widely recognized asset management company - VanEck - Solana (SOL) has a good chance of achieving noticeably better results than Ethereum (ETH) by 2024.<h3>Can Solana beat Ethereum?</h3>The spectacular increase in value by as much as 212% in just the last 60 days has resulted in Solana's share on the cryptocurrency market significantly increasing. Digital currency analysts also expect Solana's price oracle platform, Pyth, to likely overtake Chainlink in terms of total value secured (TVS) soon. It is worth adding here that despite Chainlink's current market dominance, analysts deeply believe that the innovative system architecture will make Pyth ultimately defeat its most serious rival.It is worth noting that Solana is currently trading at an average price of $73 per coin, and its price has increased by over 11% in just the last 24 hours. Moreover, there was also an additional increase in 24-hour trading volume to levels exceeding even USD 4.1 billion.Financial firm VanEck additionally forecasts that Ethereum will likely not reach a higher market capitalization than Bitcoin (BTC) until 2024. While Ethereum is likely to outperform other major tech stocks, Bitcoin's regulatory transparency and scale of energy efficiency are widely expected to attract interest from state-owned entities in Asia, Latin America, and the Middle East.Despite Ethereum's very decent results, according to the most common forecasts, it will probably lose market share to other smart contract platforms, such as Solana, whose main competitive advantage is that it can boast a much more reliable scalability schedule. Finally, it is impossible not to mention that Argentina is expected to join the countries sponsoring BTC mining at the state level. This would mean that Argentina would follow in the footsteps of countries such as the United Arab Emirates, El Salvador, Bhutan and Oman.

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Solana will beat Ethereum in some respects by 2024, according to VanEck

<h2>Cryptocurrency investors who expect the sector to decline suffer significant losses.</h2>According to data provided by the popular firm S3 Partners, short-term investors who focus on companies related to the oldest cryptocurrency suffered significant financial losses exceeding $6 billion in total by trying to short BTC in 2023. These losses were caused by a sudden but consistent reversal of the bearish trend on the Bitcoin chart , as well as the oldest cryptocurrency regaining key price levels.<h3>Traders have lost a fortune shorting Bitcoin-related companies</h3>Based on a report published by the analytical company S3 Partners, traders who at the beginning of 2023 adopted a bearish stance towards listed cryptocurrency companies such as Coinbase, Marathon Digital and MicroStrategy recorded losses of $6.05 billion.Due to the long-term increasing value of digital currencies, many investors taking short positions on shares of companies related to the crypto industry have made significant losses.In just the first three quarters of 2023, some short-term investors reduced their exposure to cryptocurrencies as the sector apparently rebounded. However, since Bitcoin's last low of $25.1K in September 2023, there has been a sustained and sharp increase in short selling totaling approximately $697 million as traders dramatically increased their exposure to what they perceived as an "overbought market." .In a sudden turnaround in the stock market, BTC experienced a significant increase in value and reached a new yearly high of over $44,300 on December 5 this year. This unexpected upward rally resulted in approximately $2.65 billion in losses for short-term investors.<h4>Strong increases in the value of BTC-related enterprises</h4>Undoubtedly, this year's increases in share prices of companies such as Coinbase and MicroStrategy may have been a challenge for many traders who were betting on shorting these shares. For the Brian Armstrong-led company, this year's 290% stock rally has resulted in losses estimated at about $3.5 billion for short-term traders. It is worth adding that this currently constitutes more than half of the total losses incurred in this way throughout 2023.Additionally, MicroStrategy's over 300% growth this year contributed to roughly $1.4 billion in losses for cryptocurrency traders. Despite the current strong growth in the market for digital currencies and related companies, some investors still decide to take short positions, most likely hoping that the upward rally will lose momentum at some point.

Huobi Global has been ordered to immediately cease operations in Malaysia

The Malaysian Securities Commission has banned the popular digital currency exchange from offering services in Malaysia.

Huobi Global with an order to stop all operations in Malaysia

Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall

Huobi Global has been ordered to immediately cease operations in Malaysia

The Malaysian Securities Commission has banned the popular digital currency exchange from offering services in Malaysia.

Huobi Global with an order to stop all operations in Malaysia

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Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall