As part of the new policy, Google requires "apps [to] be transparent with users about tokenized digital assets," especially if a game or an app allows users to earn.
The analyst also shared a chart showing Huobi BTC collateral over time (as a percentage of peak balances). It highlighted a troubling trend of declining Bitcoin reserves at the exchange.
A few months after the firm received special approval from the U.S. Securities and Exchange Commission, lawmakers are now asking the financial regulator to investigate the business' ties with China.
The Bitcoin stash might have come from the government's biggest seizure in November 2021, during which the authorities confiscated around $3.36 billion in BTC from hacker James Zhong.
"This kind of behavior not only undermines the trust and integrity of the cryptocurrency community but also puts innocent investors at risk," the Shiba Ecosystem marketing specialist told IBT.
The $103 million transfer consisted of $USDC: $23,999,250, $fUSDT: $29,657,932 , $WBTC: $2,139,053, $WETH: $17,168,126, $ETH $10,102,001 and $DAI : $2,994,317.
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