Huobi Global, HTX LOSES Trademark in Hong Kong To X-Spot
On June 20, 2023, X-Spot submitted an application for an injunction to the Hong Kong High Court, seeking to compel Huobo Global to cease its trademark infringement.
![image Brian](https://image.coinlive.com/24x24/cryptotwits-static/2a460cf9e5f34c343d9805a5638495fd.jpeg)
On June 20, 2023, X-Spot submitted an application for an injunction to the Hong Kong High Court, seeking to compel Huobo Global to cease its trademark infringement.
Huobi Korea wants to be an independent exchange. It will buy all of its shares and rebrand to distance itself from Huobi Global.
Dominica is the current frontrunner; Justin Sun wants a crypto-friendly environment.
Huobi Global has mentioned that its founder is now planning to sell his controlling stake to buyout firm About Capital Management (HK) Co.
Huobi Global claims compliance with local regulations as its reason for excluding New Zealand from its list of countries in which it operates derivatives trading.
“I think everyone is in agreement now that crypto is going to be around for the long term,” said James Hume.
The bear market in crypto hasn’t deterred venture capital firms from investing heavily in blockchain and Web3 projects.
Jun Du, co-founder of Huobi Global, told Cointelegraph that the Terra crash will slow down investor enthusiasm in the short term, but in the long term, the demand will recover.