Huobi’s boss, Leon Li has indicated his readiness to sell his holdings in the company for a whooping sum of between 2 – 3 billion
Tag: cryptocurrency
A Growing Interest in Cryptocurrency Is Being Championed by Nigeria
In the face of dwindling fortunes within the cryptocurrency sector, Africa’s most populous country, Nigeria, stimulates a new interest in the non-centralized currency. Failings, impairments,
Kraken Comes Under SEC Watch List as Coinbase
The searchlight of the United States Treasury is currently beaming on a cryptocurrency exchange, Kraken. Going by available information, the reason for this is the
India, an Emerging Market; KuCoin Not in Distress – Boss
As unconfirmed reports filtered in about bankruptcy, the platform observed an abnormal massive pullout of assets but not for long. Given the stringent conditions foisted
Leading Singapore Crypto Financier Enmeshed in Massive Debt Crisis
A cryptocurrency trading platform, Vauld, domiciled in Singapore, is currently making efforts to wriggle its way out of a huge debt owed to its numerous
India’s Reserve Bank Renews Its Campaign Against Cryptocurrency
In India, a fresh motion that will bring about the outright proscription of crypto because of its repercussion on the country’s fiscal stability has been
In the Face of Dwindling Fortunes, Huobi Set to Reduce Its Workforce to About 70%
A new development is unfolding as the stage appears set for the reduction of the workforce of Huobi. Recently, there has been a slump in the economic fortunes of several digital currency exchanges and Huobi, a leading cryptocurrency establishment and a household name that once held sway in parts of China, like its other counterparts suffering from ills within the industry, is already working and perfecting an arrangement that will bring about a reduction in the size of its employees. Facts to Consider Although details are still quite sketchy, there are rumours that the company will go ahead with its plan to cut the number of its workers due to one primary reason: a significant decrease in its profit. The company is expected to make an official statement on this sooner or later. This incidence is occurring when some other cryptocurrency managers are seriously considering and pruning down the size of their labour force. Some notables within this category are Bybit and CryptoCom. Others include BlockFi and Coinbase, a dominant crypto exchange in the United States market that went ahead to announce a reduction of its staff strength by 18% earlier in June 2022.
More Crises Are Anticipated for Binance Coin (BNB) As the Securities and Exchange Commission’s Probe Intensifies.
These are not the best of times for subscribers of Binance coin. The service desk of the crypto asset has hinted at the possibility of
Analysis say Crypto Collateralized Loans Platforms could reach $990 Billion By 2022
There are now a growing number of crypto finance platforms that enable holding to borrow for necessary expenses while continuing to hold their assets for
FBI’s ‘Operation Trojan Shield’ Sting Leads To Raids In 16 Nations, 800 Arrested
A sting named ‘Operation Trojan Shield’ carried out by the Federal Bureau of Investigation (FBI) of the United States has led to the arrest of