Justin Sun Announces New Programs To Renew Public Faith in Huobi
Justin Sun has announced a new set of user experience programs for Huobi Global, including the launch of the Huobi User Experience Bounty Program and the User Experience Advisory Committee.The programs are aimed at securing the public’s trust following a liquidity scare last week.
Justin Sun Says Huobi Not in Financial Trouble, Job Cuts Have Nothing to Do With FTX
Crypto exchange Huobi Global has revealed plans to cut hundreds of jobs amounting to about a fifth of its workforce in the wake of last year’s implosion of competitor FTX.
Whampoa Group Makes Digital Assets Push With Investment Arm
Whampoa Group, a multi-family office anchored by principals from the Lee family that founded Oversea-Chinese Banking Corp. and Amy Lee, the niece of the city-state’s founding prime minister, aims to deploy about $100 million in Web3 start-ups, through a new venture investment arm. The unit, Whampoa Digital, is seeking ventures that develop blockchain infrastructure and applications that eases the widespread adoption of Web3 technologies.
Crypto Downzing Continues As Huobi Plans to Prune Workforce by 20%
The downsizing wave that swept through
the cryptocurrency industry is still on track as Seychelles-based
cryptocurrency exchange, Huobi, has disclosed its plans to prune down its
workforce by 20%.
Huobi Sees Net Ouflows of Over $60M in 24 Hours
Crypto exchange Huobi saw $94.2 million in net outflows over the last seven days –$60 million (63.8%) of the outflows were recorded in the previous 24 hours — according to Nansen data.
Wallet Associated With Justin Sun Moves $100 Million to Huobi
A wallet associated with Tron founder Justin Sun moved $100 million of stablecoins to crypto exchange Huobi. Two transactions took place at 11:10 a.m. UTC, moving $50 million each of USDC and USDT, as noted by security analysts PeckShield.
USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors
The bear market deepens as negative news and FUD keep popping up. The latest on the list of fear-causing information is Justin Sun’s USDD stablecoin and popular crypto exchange Huobi.
Huobi Token Falls After Reports Of Internal Conflicts Surface
Native token of the Chinese crypto exchange Huobi Global, Huobi Token, is down nearly 9% in the last 24 hours after reports of internal strife surfaced on social media. The trading volume of the crypto exchange is also down 23% in the last 24 hours.
Crypto Exchange Huobi To Lay Off 20% of Staff – Justin Sun
Crypto exchange Huobi plans to lay off about 20% of its staff, Tron founder Justin Sun told Reuters.
Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company
Reports that Huobi is dramatically cutting headcount, requiring employees to take their salaries in stablecoins, and closing internal staff communication channels to quell a rebellion have taken a toll on its exchange token and trading volume. CoinGecko data shows that Huobi’s HT token has fallen by nearly 11% during the last 24 hours, to $4.67 as of morning East Asia time. The token is down nearly 30% over the past month. (Coindesk)
