The Celsius Network platform also does not allow cryptocurrency exchanges and transfers. At the moment, they have not yet made it clear how long these measures will last.
Euskaraz irakurri: Kriptomonetak kontutik ateratzea behin-behinean galarazi dute bi platformk
The trading platform and infrastructure provider for cryptocurrencies Binance has temporarily suspended withdrawals via the bitcoin network (BTC) due to the blocking of one of the processed batches, while bitcoin withdrawals through other networks remain open and function normally.
“This is because a previous batch of transactions stalled due to low transaction fees sent and thus resulted in a build-up of refunds from the Bitcoin (BTC) network,” explained the platform, which hopes to resume withdrawals from the bitcoin (BTC) network soon. .
In this sense, the founder and CEO of Binance, Changpeng Zhaoannounced via his Twitter profile the temporary suspension of BTC withdrawals on the platform “due to a stalled transaction”, adding that the issue should be resolved in about 30 minutes, though he later announced that “it will likely be for a while. take time to repair.”
Binance’s Troubles Add to the Decision Announced This Monday by Celsius Network to suspend all withdrawals, exchanges and transfers between accounts due to the “extreme conditions” of the market.
“We are making this decision to put Celsius in a better position to meet its pension obligations over time,” the platform said in a statement.
The company, which allows its users to use their crypto-assets as collateral to fund their projects, has explained that it has decided to activate a clause in its terms of use that allows for this process, stressing that it will “use valuable assets.” has”. and works diligently to fulfill his obligations.
“We are taking this necessary step in the interest of our entire community to stabilize liquidity and operations while taking steps to preserve and protect assets,” he added, noting that customers will continue to receive corresponding rewards during the suspension. receive.
Celsius Network’s ‘corralito’ takes place just weeks after the turmoil unleashed by the ‘cryptos’ Terra and Luna, who the price of bitcoin has sunkwho gave up more than 13% this Monday to turn below $24,000 in lows since late 2020.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
