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Huobi Global denies “large-scale layoffs” and major executive resignations

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One Huobi International advocate says the layoffs are “incorrect” and therefore “the senior management team is revitalizing their duties according to tradition”.

Huobi Global says it has no plans to conduct “massive layoffs” and refutes reports that two senior executives have resigned amid the takeover of the Seychelles crypto exchange.

Reports that the company’s CEO Leon Lee and CFO Chris Lee have resigned gave the impression that they originated from an October 29 Twitter post by Chinese crypto blogger Colin Chinese, citing “people familiar with” Huobi.

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In addition, the post on Twitter urged that there could be mass layoffs for its 1,600 workers due to “too many people” acting at the company.

However, one advocate from Huobi International told Cointelegraph that the rumors could be “incorrect” mass layoffs and that its top management continues to perform duties “according to tradition”, noting the following:

“Huobi Global’s senior management team is performing their duties according to tradition, and the rumors of large-scale layoffs are not true. Currently, Huobi International has a healthy income, so the new shareholders have completed the capital injection.”

“Huobi has an indisputable positive development potential in key regional markets, and can still invest in business innovation, explore international markets and hire local workers,” they added.

However, the foundations acknowledged that due to the slump in the cryptocurrency market, some of the cost-cutting may continue to stream the cards although it did not elaborate on what this might entail, saying:

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“Huobi Global is in a very sound monetary position at the moment, but due to the current market downturn, Huobi will create changes to lower prices and increase efficiency.”

Huobi was a Chinese cryptocurrency exchange that was backed by Leon Li in 2013 and currently has operations in more than 30 countries around the world and has a presence in more than 100 countries.

In August, a cryptocurrency exchange acquired an inexperienced cryptocurrency exchange to provide cryptocurrency trading services in Australia when it registered as a crypto exchange supplier with the Australian Dealing Analysis and Reporting Center (AUSTRAC).

September saw Huobi partner with Busan “blockchain” in South Korea to provide analysis, development, technology, and financial support to the Busan Digital Currency Exchange. Huobi is also set up to assist in the recruitment and recruitment of premium blockchain talent for local exchanges in Busan.

Meanwhile, the biggest news came in October, once regarding Capital Management (HK) Co. Ltd, a capital-based asset management firm, became the dominant investor in the stock exchange after an undisclosed amount takeover.

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the post Huobi Global denies “large-scale layoffs” and major executive resignations First appeared in BTC wires.

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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