Huobi Token Tanks After reports of internal conflicts surface

2023-01-06T15:00:00+5:30

Genesis-Parent DCG closes its wealth division unit amid problems

Hours after news broke that Genesis Global has fired 30% of its staff, parent company digital currency Group (DCG) has decided to shut down its wealth division. This is the latest sign of trouble as the company has been facing a severe liquidity crisis at Genesis following the FTX collapse.

Called HQ Digital, Digital Currency Group (DCG) has closed its asset management division, a company spokesperson confirmed. The Information was the first to report the news.

2023-01-06T14:10:00+5:30

Hyundai unveils exclusive Auto Expo 2023 Pavilion at Metaverse

The second largest car manufacturer in the country, Hyundai Motor India has introduced Hyundai Pavilion at Metaverse Space. Hyundai Mobility Adventure on Roblox will also debut with the opening of the 2023 Auto Expo. Hyundai’s virtual city, Hyundai Mobility Adventure, features five of the company’s most popular vehicles, including the IONIQ 6, IONIQ 5, NEXO, TUCSON and VENUE N Line. Read more here…

2023-01-06T13:30:00+5:30

Trons USDD Stablecoin Depegs, TRX Drops 8%

The global digital asset is struggling to keep up due to recent events such as the collapse of Sam Bankman-Fried (SBF)’s FTX crypto exchange and FTT token. However, Justin Sun and his TRON ecosystem tokens are facing similar challenges in the crypto winter.

According to the data, Justin Sun’s Tron USDD Stablecoin de-pegging is strong and it may be about to collapse. Read more here…

2023-01-06T12:45:00+5:30

Justin Sun confirms that 20% of employees are being laid off at Huobi

Tron founder Justin Sun said on Friday that crypto exchange Huobi plans to lay off 20% of its employees. While adviser Justin Sun previously denied rumors of layoffs, wage disputes and conflicts with employees, he claims that several “structural adjustments” have not started and are expected to be completed by the first quarter.

2023-01-06T12:00:00+5:30

Huobi token falls after reports of internal conflicts

The native token of Chinese crypto exchange Huobi Global, Huobi Token, is down nearly 9% in the past 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. Read more here…

2023-01-06T11:30:00+5:30

Bitcoin Price Falls As Silvergate Shares Plunge

The price of Bitcoin falls after news of Silvergate laying off employees breaks. It is down 0.20% in the last 24 hours.

Bitcoin was trading at USD 16,878.68 at 21:25 IST. But at the time of writing, each BTC token costs 16,807.73 USD. Trading volume decreases by 14.27% in the last day. The market cap for the crypto is currently at $323.753 billion. Read more here…

2023-01-06T11:00:00+5:30

NFT trading volume hits 3-month high

According to the data provided by NFTGO data, the one-day trading volume in the NFT market on January 5 exceeded 32,000 ETH, reaching a three-month high. On the same day, OpenSea’s ETH-denominated trading volume also hit a two-month high

2023-01-06T10:30:00+5:30

The encryption market is falling

The global digital asset market pushed red indices on Friday morning after registering a broad recovery for three consecutive days. The cumulative market cap for crypto is $816 billion. 24-hour trading volume has fallen 15% to $27.4 billion.