Huobi Global, one of the major crypto exchanges that caters to customers on mainland China, has said it will close all China-based user accounts later this year.

Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit.

During Cardano Summit 2001, which took place this past weekend, IOHK -- the driving force behind smart contract platform Cardano -- announced a new strategic collaboration with Chainlink Labs that will help developers build smart contracts for Cardano DeFi applications.

Sponsored: If you’re that esports lover that likes to battle online, there’s no better war ground than 1xBit. “The International: Battle for the Aegis” is a new 1xBit’s tournament to thrill all esports fans.

Top stories in the Crypto Roundup today:

• Crypto Exchange Huobi To Cease All Mainland China User Accounts
• A Third of Salvadorans ‘Actively’ Using Chivo Wallet, President Bukele Claims
• Cardano To Integrate Chainlink Oracles for Real-Time Market Data
• Chart of the Week: BTC Q4 Performance by Year
• Sponsored: Who will lift the Aegis of Champions on 1xBit?

Crypto Exchange Huobi to Cease All Mainland China User Accounts

Huobi Global, one of the major crypto exchanges that caters to customers on mainland China, has said it will close all China-based user accounts later this year.

The exchange said in an announcement on Sunday that it has already discontinued account registration for new users on mainland China, effective on Friday, shortly after the People's Bank of China released toughened measures in cracking down crypto trading activities. The exchange said in the Sunday announcement:

"Huobi Global will gradually retire existing Mainland China user accounts by 24:00 (UTC+8) on Dec 31, 2021, and ensure the safety of users' assets. We will inform users of the specific arrangements and details through official announcements, e-mails, text messages, etc."

A Third of Salvadorans ‘Actively’ Using Chivo Wallet, President Bukele Claims

Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit. 

The controversial president updated his 2.9 million Twitter followers Saturday afternoon, claiming that Chivo “now has more users than any bank in El Salvador” after just three weeks in operation. Bukele indicated that it’s only a matter of time before Chivo adoption eclipses all banks in El Salvador combined. The tweet reads:

“2.1 million Salvadorans are ACTIVELY USING @chivowallet (not downloads). Chivo is not a bank, but in less than 3 weeks, it now has more users than any bank in El Salvador and is moving fast to have more users than ALL BANKS IN EL SALVADOR combined. This is wild!”

Cardano to Integrate Chainlink Oracles for Real-Time Market Data

During Cardano Summit 2001, which took place this past weekend, IOHK -- the driving force behind smart contract platform Cardano -- announced a new strategic collaboration with Chainlink Labs that will help developers build smart contracts for Cardano DeFi applications. 

Chainlink’s decentralized oracle network provides blockchains with high-quality, tamper-proof data which enables smart contracts to execute based on information from a wide range of datasets. The collaboration between IOHK and Chainlink Labs will help DeFi applications being built on Cardano.  

IOHK Founder Charles Hoskinson said: 

“Oracles are essential to making real-world data accessible on Cardano and they support advanced smart contracts, such as DeFi applications… IOHK is committed to providing developers with the most secure and robust tooling for building useful solutions on Cardano, making it an easy choice to integrate Chainlink’s market-leading oracle solution.”

Chart of the Week: BTC Q4 Performance by Year

Many analysts and media sources believe that Q4 is going to be explosive for Bitcoin and the wider cryptocurrency ecosystem. But just how well has Bitcoin fared over the same period historically? 

Surprisingly, in Q4, Bitcoin has historically recorded much larger gains than losses. In 2017, during what many would consider the last bull run, Bitcoin’s price increased by 217.6% in Q4. 

Since 2016, the largest decrease during this period was the year following the 2017 bull market, which saw prices of crypto drop dramatically. In Q4 of 2018, Bitcoin’s price fell by 43.4%.

Who will lift the Aegis of Champions on 1xBit?

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There are thousands of keys available to claim, however, only 41 of the keys can open the grand treasury of 1 BTC, free bets and bonus points that can be spent in the Promo Code store. There will be 41 prizes for 41 lucky winners. Register, collect keys and be one of those who get:

• 1st place: 200 mBTC (1 winner)
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• 6th place: 5000 bonus points (15 winners)

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• Large esports collection

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• Huge welcome bonus

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• Wide selection of cryptocurrencies

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• Best odds and live matches

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