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Huobi Layoffs

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is FineThe cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans […]

Cryptocurrency investment should favor emerging markets

Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company

Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in CompanyAccording to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is reportedly looking to sell a large stake in the digital assets company. Colin Wu […]

Cryptocurrency investment should favor emerging markets