The current cryptocurrency downturn is taking its toll and yet another exchange appears to be facing serious challenges. Huobi – a platform that used to be very prominent in china – will reportedly lay off at least 30% of its staff.
According to well-known cryptocurrency reporter Colin Wu, Huobi will start cutting staff. The reason is touted to be “the sharp drop in revenue after the removal of all Chinese users.”
At the time of this writing, there hasn’t been an official confirmation from the exchange.
It’s also worth noting that Huobi is far from being the only one to reduce its staff numbers.
As CryptoPotato reported earlier in June, the leading US-based cryptocurrency exchange Coinbase announced an 18% layoff.
Other crypto-related platforms that have reduced their headcount include BlockFi, Bybit, CryptoCom, and others.
License.
Related News
Search about Crypto News
The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.
Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!
We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.
| LEARN MORE ABOUT |
-
BITRSS | Submit Your Crypto NEWS
BitRss.com not only Update the Sources several time a day and allow Visitors to follow and comment on the latest News; We accept submissions of your own Bitcoin or related Crypto stories.
Our Team will evaluate in depth, human touch, if the Rss and Feeds Sources, will be in line with our policy.
( Change privacy settings )
Please support BitRss.com: if you like it, share your favorite News to your Socials!
Today Most Popular News
-
![]()
ceτi AI Acquires Big Energy Investments Inc. to Boost Its High-Performance Computing Capabilities in North AmericaThis acquisition marks a significant first step in ceτi AI’s strategy to advance the development and accessibility of AI technologies....
-
![]()
US lawmakers’ proposed ban on algorithmic stablecoins draws industry backlashA recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has drawn the crypto industry’s ire due to a...
-
![]()
ceτi AI Acquires Big Energy Investments Inc. to Boost Its High-Performance Computing Capabilities in North America[PRESS RELEASE – Vancouver, Canada, April 18th, 2024] ceτi AI , a leader in decentralized artificial intelligence infrastructure, is...
-
![]()
O futuro do dinheiro, um storytelling a ser acompanhado | OpiniãoNo segundo dia do Web Summit Rio , evento que está sendo realizado no Riocentro entre os dias 15 e 18 de abril, um bom tema foi abordado no Palco...
-
![]()
Worldcoin lança blockchain própria onde “humanos verificados têm prioridade”A Fundação Worldcoin , a “administradora” da comunidade ligada ao projeto Worldcoin de “proof-of-personhood” (Prova de...
-
![]()
Polkadot: Können die Bullen zum Gegenschlag ansetzen?Der Kurs des Layer-0-Projekts Polkadot (DOT) korrigierte zuletzt deutlich, könnte nun allerdings einen Boden gefunden haben. Folgende...
-
![]()
Ethereum (ETH) and Shiba Inu (SHIB) Show Firm Long-term Hopes, Furrever Token (FURR) in Whale TerritoryThe post Ethereum (ETH) and Shiba Inu (SHIB) Show Firm Long-term Hopes, Furrever Token (FURR) in Whale Territory appeared first on Coinpedia...
-
![]()
The Price of BTC Won't Rise After Bitcoin Halving, JP Morgan SaysAnalysts at America’s biggest bank say the quadrennial event has already been priced in for BTC.
-
![]()
Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and OthersA widely followed crypto strategist is warning about the altcoin market as projects like Chainlink ( LINK ) correct. Pseudonymous analyst...
-
![]()
Binance receives license in Dubai, moves SAFU fund to USDCBinance has secured a virtual asset securities provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority. Binance said...
