Key Huobi execs, including Huobi Group CFO Lily Zheng allegedly left the company a few months ago following the new shareholders’ takeover. Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm. “The planned layoff ratio is about 20%,…
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Canceled bonuses, pay disputes, massive layoffs and a communication blackout has been claimed as part of the goings-on at the crypto exchange. Speculation on Twitter that crypto exchange Huobi has laid off staff and shuttered internal communications have prompted the community to advise users to withdraw funds, despite an adviser to the exchange denying the…
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After transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow and Ethereumfair Suffer Significant Value Loss After Launch Since…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: FTX Resumes Employee Salaries, Huobi Partners with Tron & DMC on Dominica Coin, Ukrainian & Indian CBDCs Read more »Sign up for e-EUR – the progressive stablecoin
Dominica has launched a digital identity program and national token in partnership with Huobi. Cryptocurrency exchange Huobi has partnered with the Commonwealth of Dominica to roll out a digital identity and national token service that promises digital citizenship of the West Indian island nation. Not to be confused with the nearby, larger Dominican Republic, Dominica…
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Justin Sun, the Founder of Tron (TRX), is reportedly open to deals for the assets of the now-defunct crypto exchange FTX. Sun said that his associates were evaluating potential purchases of assets from the fallen, Bahamas-based exchange, according to the Wall Street Journal. The adviser at the Huobi exchange and the WTO Ambassador of Grenada…
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Huobi will endeavour to bring value to its business and provide secure and professional services to its users as it rebrands. Various technologies and resources will also be integrated into Huobi’s global public chain ecosystem, including the technology and resources offered by the HECO and TRON public chains, as well as the bridge between their…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: News Summary: Visa Pulls Plug on FTX Deal, New Rugpull, BCH May Become Legal Tender, Binance & Bitget Aim to Help Reduce FTX Impact Read more »Sign up for e-EUR…
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Lin Li, the company’s founder, has agreed to lending up to $14 million to New Huo Technology to bailout affected clients. According to a new filing with the Stock Exchange of Hong Kong on Monday, investment holdings company New Huo Technology, formerly known as Huobi Global, said that it has $18.1 million worth of deposits…
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During the last week, the crypto community has been dealing with the demise of FTX and its affiliated crypto businesses, and ever since then, the proof-of-reserves topic has found its way to the forefront of conversations. Another silver lining to the fiasco is the fact that cryptocurrency enthusiasts have removed large quantities of bitcoin and…
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