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
Tag: cryptocurrency
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
ForUsAll Announces New 401K With Cryptocurrency Exposure For Retirees
ForUsAll, a San Francisco-based retirement investment platform, announced today the roll-out of a new product that will allow employers to offer workers exposure to cryptocurrencies
Singapore’s DBS Bank Admits Cryptocurrencies Have “Found Traction”
DBS Bank, a multinational banking and financial services corporation headquartered in Marina Bay, Singapore, has become the latest banking institution to admit that cryptocurrencies matured
Cryptos Price Analysis of AUG 8: BTC, ETH, XRP, and BCH
The king coin and the three altcoins are all in a bull market and their respective uptrends are intact. Bitcoin and the other altcoins are