Layoffs hit crypto and real estate tech particularly hard this week – TechCrunch

Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices. But let’s start with some good news: your children can get vaccinated against COVID-19! Back to the bad news: We’re writing another weekly layoffs column, because once again, there’s been…

Crypto exchange Huobi Thailand closing down in July after license revoked – TechCrunch

Huobi Thailand will shut down its exchange permanently on July 1, according to an announcement posted on its website. This marks the exchange’s short-lived ambition in the Southeast Asian country where crypto adoption is flourishing. According to blockchain analysis company Chainalysis, Thailand has one of the world’s highest adoption rates of DeFi, or decentralized financial…