Crypto Exchange Huobi Has Bad News

Published by
The Street

By Luc Olinga The platform, which is headquartered in the Seychelles, is one of the latest victims of the crisis affecting the sector for a year. This is bad news that the cryptocurrency industry could have done without. This information suggests that the very difficult period that the young Blockchain-powered financial services industry is going through is far from over. The cryptocurrency exchange Huobi has just announced a 20% reduction in its workforce in a general move to reduce costs to cope with the fall in cryptocurrency prices. “With the current state of the bear market, a very lean t…

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