Bitcoin briefly trades above $24k on Waves DEX as users jump ship
Waves DEX users flocked to the exit door after Upbit issued a warning that the Waves-backed stablecoin Neutrino wasn’t appropriately pegged.
Cryptocurrency news by Protos · Protos
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Bitcoin briefly traded above $24,000 on the Waves blockchain-powered WX Network as holders scrambled to exchange their coins and withdraw their money from the decentralized exchange.
The rush to the exit was sparked after DEX saw a number of its tokens' withdrawal gateways shut down for an upgrade, including those of bitcoin and tether. Traders could deposit crypto to the exchange but couldn't withdraw it. Those who panicked at the news sought to sell their tokens at high prices in order to buy tokens that still had their withdrawal gateways open -- namely the Waves token.
Hosted on Acast. See acast.com/privacy for more information.