• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The selling price of Huobi’s HT token plummeted amid rumors of worker layoffs

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The selling price of Huobi’s HT token is down extra than twelve% from 24 hrs in the past due to rumors connected to the exchange’s pursuits.

HT selling price motion in excess of the previous seven days, screenshot from CoinMarketCap on the morning of January six, 2023

According to information from CoinMarketCap, the selling price of cryptocurrency exchange Huobi’s HT token has dropped extra than twelve% in the previous 24 hrs, whilst the cryptocurrency marketplace continues to stay sideways. The latest selling price of HT returned to the September 2022 selling price variety, when the exchange’s token soared on the information that Huobi was purchased by Justin Sun.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

Huobi’s trading volume in the previous 24 hrs also fell by extra than 33% to just $367 million.

Nansen’s information displays that in the previous day, Huobi noticed a $87.six million withdrawal from the exchange (calculated on Ethereum), mind-boggling the variety of deposits to the exchange by $25 million.

Statistics of deposits/withdrawals from exchanges on the Ethereum blockchain on the morning of January six, 2023. The supply nansen

The motive for this comes from rumors that the inner circumstance of the exchange is unstable. In distinct, the supply from Wu Blockchain confirmed that Huobi has minimize yr-finish bonuses for all personnel, as very well as getting ready to lay off a massive variety of personnel.

Justin Sun HR is communicating with all Huobi personnel to adjust salary type from fiat currency to USDT/USDC personnel who can not accept it can be fired. The move raised by some personnel. Exclusive https://t.co/QB4sjDyHc7

— Wu Blockchain (@WuBlockchain) January 4, 2023

Not stopping there, the exchange has also forced personnel to get salaries in USDT and USDC as a substitute of income as ahead of, triggering numerous people today to voice their objections.

Even so, in a latest interview with SCMP extensionHuobi’s new proprietor, Mr. Justin Sun, denied the firing rumors and announced on Twitter that in the close to long term, the exchange will market the technique of employing female personnel to boost diversity in personnel.

In @HuobiGlobal, we are committed to diversity and inclusion in the workplace. That’s why we are proud to announce that we will be employing extra female personnel in the long term.

— HE Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) December 29, 2022

Huobi was also banned from a marketplace investigate unit in mid-December CryptoQuant in final spot in the ratio of “clean reserves”, i.e. the quantity of assets stored in the exchange that are not the exchange’s personal tokens. While platforms like OKX and Crypto.com have a clean reserve ratio near to one hundred%, Binance is near to 89%, Huobi has only 56%, indicating that pretty much half of the tokens on the exchange are HT.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: EmployeeHuobislayoffsplummetedPricerumorsToken
Share76Tweet47

Related Posts

Coinbase Acknowledges TaskUs Data Breach Four Months Later

by shark
June 3, 2025
0

Coinbase discloses a data breach involving TaskUs employees in India, impacting financial markets and raising security concerns.

Bitcoin Faces Volatility After 8% Correction and Leverage Flush

by shark
June 3, 2025
0

Bitcoin correction triggers market volatility. Key figures and global factors influence derivatives and risk assets.

Classover Raises $500M for Solana-Centric Treasury Strategy

by shark
June 3, 2025
0

Classover Holdings signs a funding agreement with Solana, highlighting a major move in integrating blockchain finance into corporate strategies.

Aptos Labs CEO to Testify on Digital Assets

by shark
June 3, 2025
0

Aptos Labs CEO Avery Ching to testify at U.S. House hearing on digital assets, signaling significant regulatory insight.

Ethereum Foundation Restructures for Enhanced Network Scaling

by shark
June 3, 2025
0

Ethereum Foundation reorganizes to prioritize scaling, blobs, and UX enhancements amid market shifts.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Arbitrum Up 7.7%, Toncoin Hits $3.21, But Could Qubetics Be the Real Top Altcoin for Huge Gains?
  • Shiba Inu & Monero Show Weakness, Analysts Favor Web3 ai for its 500x Upside Ahead
  • Unstaked Nears $10M, Uniswap Surges & XRP Slows Down
  • Qubetics, Aptos, and Toncoin Set 2025 Ablaze as Top Cryptos to Invest in Today
  • BlockDAG Hits $282M, $0.0018 Entry Open Until June 13
  • Powell’s Inflation Comments Stir Uncertainty—Yet Qubetics, Algorand, and Filecoin Remain the Top Coins to Join Today
  • Coinbase Acknowledges TaskUs Data Breach Four Months Later
  • Arctic Pablo, Artificial Liquid Intelligence, and Shiba Inu Updates: Top Meme Coins to Invest in This Week
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7