Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary halt on IQ deposits and withdrawals as it prepares for a significant network transition. This decision is part of the exchange's ongoing efforts to enhance the security and functionality of the IQ blockchain. The source notes that this transition is expected to improve user experience and overall performance.
Suspension Details
The suspension will take effect at 9:00 AM UTC on September 25, and users are advised to plan their transactions accordingly. During this period, IQ tokens will not be transferable in or out of the exchange, which may impact trading strategies for users holding these assets.
Temporary Measure for Upgrades
Bithumb has emphasized that this measure is temporary and is aimed at implementing crucial upgrades to the IQ network. Users are encouraged to stay updated through Bithumb's official communication channels regarding the resumption of services and any further developments related to the network transition.
As the iMe app continues to innovate with its AI Chat Update 30, enhancing user interactions and cryptocurrency transactions, the broader cryptocurrency landscape is also evolving. Currently, ATOSHI's Testnet is celebrating significant growth, alongside new features aimed at improving user experience and security. This evolution is further highlighted by Pi Network's recent advancements in user verification through the Fast Track KYC feature, emphasizing the critical importance of security in digital asset management. For more details on this significant development, read the full article here.
