Crypto Exchange Huobi Has Bad News

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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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