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Ripple-linked Uphold faces withdrawal delays amid ‘bank run’ claims

By Aaron Wise

Uphold says funds are safe, but delays, layoffs, and regulatory issues have been piling up for the crypto platform in recent months. The post Ripple-linked Uphold faces withdrawal delays amid ‘bank run’ claims appeared first on Protos.

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Layoffs

The dismissal of employees by a company, usually for business reasons such as cost cutting rather than performance.

Large layoffs signal trouble in a company or industry and affect local economies.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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