Bithumb Halts Polkadot DOT Transactions for Network Upgrade

Bithumb Halts Polkadot DOT Transactions for Network Upgrade

user avatar

by Elias Mukuru

a year ago

Made with AI

Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary suspension of all Polkadot (DOT) deposits and withdrawals. This measure is aimed at supporting a crucial network upgrade scheduled to take place soon. The publication provides the following information:

Suspension of Transactions

The suspension took effect at 3:00 AM UTC on November 4th, as the exchange seeks to ensure a smooth transition during the upgrade process. Such precautions are common in the cryptocurrency industry, particularly during significant network changes, to safeguard user funds and maintain transaction integrity.

Aim of the Suspension

By halting transactions, Bithumb aims to prevent any potential issues that could arise during the upgrade, which is essential for enhancing the overall performance and security of the Polkadot network. Users are advised to stay informed about the situation and await further updates from the exchange regarding the resumption of services.

The cryptocurrency market is currently experiencing dynamic shifts, with emerging players like BlockDAG contrasting against established tokens. For more details on these evolving market dynamics, read more.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

NOX FUND's Referral System Offers Significant Passive Income

NOX FUND features a robust referral system that allows users to earn up to 20% in total commissions across a 7-level downline.

user avatarMiguel Rodriguez

NOX FUND Smart Contract Offers Guaranteed Daily Returns

A revolutionary smart contract called NOX FUND has just launched on BNB Smart Chain, providing users with guaranteed 15% daily returns on USDT deposits.

user avatarMaria Fernandez

NGRAVE Reports Major Crypto Phishing Attack

NGRAVE reports a significant phishing attack targeting LIQUID app users, resulting in the theft of at least $256 million.

user avatarMaria Gutierrez

Zcash NU7 Upgrade Scheduled for Early November

The Zcash NU7 upgrade is set to activate on November 5, aiming to reduce block time from 75 seconds to 25 seconds.

user avatarGustavo Mendoza

Exchange Tokens Are Being Redesigned to Focus on User Retention

Exchange tokens are undergoing significant redesigns aimed at improving user retention rather than just attracting initial attention.

user avatarRajesh Kumar

PancakeSwap Proposes Changes to Liquidity Provider Fees and CAKE Emissions

PancakeSwap has opened voting on a proposal to increase liquidity providers' share of trading fees to 88% while reducing daily CAKE emissions to 7,000.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.