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Cryptocurrency traders on South Korean exchange Bithumb, take note! An important update has just been announced that may impact your Enjin Coin (ENJ) holdings. Bithumb, a leading crypto exchange in South Korea, has declared a temporary halt to all deposits and withdrawals of Enjin Coin (ENJ). This suspension is slated to commence on February 24th at 06:00 UTC. If you are actively trading or holding ENJ on Bithumb, it’s crucial to understand the details and prepare accordingly. Let’s delve into what this means for you and the broader Enjin ecosystem. Why is Bithumb Suspending Enjin Coin (ENJ) Services? The primary reason for this temporary suspension is the upcoming mainnet upgrade of the Enjin Network. Like many blockchain projects, Enjin undergoes periodic upgrades to enhance performance, security, and introduce new features. These upgrades are vital for the long-term health and evolution of the network. During such significant network upgrade events, it’s standard practice for crypto exchanges like Bithumb to temporarily suspend certain services to ensure the safety of user funds and a smooth transition. Here’s a breakdown of why network upgrades necessitate service suspensions: Preventing Transaction Disruptions: During a mainnet upgrade, the underlying blockchain protocol is undergoing significant changes. Allowing deposits and withdrawals during this period could lead to transactions being lost or incorrectly processed due to network instability. Ensuring Data Integrity: Exchanges need to ensure that their systems are fully synchronized with the upgraded network before resuming full operations. This synchronization process is critical for maintaining accurate balances and transaction records. Safeguarding User Funds: The temporary suspension is a precautionary measure to protect users from potential issues that might arise during the upgrade process. Exchanges prioritize the security of user assets above all else. Technical Adjustments: Bithumb’s technical team needs time to integrate the upgraded Enjin Network into their platform. This involves updating their wallet infrastructure, nodes, and other systems to be compatible with the new network version. What is Enjin Coin (ENJ) and the Enjin Network? For those less familiar, Enjin Coin (ENJ) is the native cryptocurrency of the Enjin Network. Enjin is a leading ecosystem for non-fungible tokens (NFTs), particularly focused on gaming and metaverse applications. ENJ plays a crucial role within this ecosystem, serving various purposes: NFT Minting and Trading: ENJ is used to back the value of NFTs created within the Enjin ecosystem. It can be used to mint NFTs and is often used in the trading of these digital assets. Platform Currency: ENJ serves as a currency within the Enjin ecosystem, facilitating transactions and interactions within games, applications, and marketplaces built on Enjin. Community and Governance: Holding ENJ can grant users certain rights or privileges within the Enjin community, potentially including participation in governance decisions in the future. Impact of the Suspension on Bithumb Users If you are a Bithumb user who holds or trades Enjin Coin (ENJ), here’s what you need to know about this suspension : Deposit and Withdrawal Freeze: Starting February 24th, 06:00 UTC, you will not be able to deposit or withdraw ENJ from your Bithumb account. Trading Unaffected (Potentially): The announcement specifically mentions deposits and withdrawals. It’s likely that ENJ trading on Bithumb will continue to be available during the suspension period. However, it’s always best to check Bithumb’s official announcements for absolute clarity on trading activities. Duration of Suspension: Bithumb has stated this is a temporary suspension. However, they have not provided a specific end date. The duration will depend on the smooth completion of the Enjin Network upgrade and Bithumb’s subsequent integration and testing. Plan Accordingly: If you were planning to deposit or withdraw ENJ around February 24th, you’ll need to adjust your plans. If you need to move your ENJ, do so before the suspension time or wait until services are resumed. Stay Updated: Keep a close eye on Bithumb’s official website and social media channels for updates regarding the resumption of ENJ deposit and withdrawal services. They will likely announce when the network upgrade is complete and services are back online. Broader Implications for the Crypto Exchange Landscape This event highlights a common practice within the crypto exchange ecosystem. Temporary suspensions due to network upgrades are not unique to Bithumb or Enjin. They are a regular occurrence across various exchanges and cryptocurrencies. This underscores a few key points about the crypto space: Continuous Evolution: Blockchain technology is constantly evolving. Network upgrades are a necessary part of this evolution, allowing for improvements in scalability, security, and functionality. Importance of Exchange Communication: Clear and timely communication from exchanges like Bithumb is crucial during these periods. Users need to be informed about upcoming suspensions and the reasons behind them to manage their assets effectively. Decentralization and Centralization Interplay: While cryptocurrencies aim for decentralization, users often rely on centralized exchanges for trading and custody. These centralized entities play a vital role in managing the complexities of network upgrades and ensuring user safety within the broader decentralized ecosystem. Actionable Insights for Enjin Coin (ENJ) Holders on Bithumb So, what should you do if you hold Enjin Coin on Bithumb? Check Bithumb’s Official Announcement: Always refer to Bithumb’s official website or announcement channels for the most accurate and up-to-date information. Plan Your Transactions: If you intended to deposit or withdraw ENJ, do it before February 24th, 06:00 UTC, or wait until the suspension is lifted. Monitor for Updates: Regularly check Bithumb’s announcements for updates on the network upgrade progress and the expected resumption of ENJ services. Consider Alternatives (If Necessary): If you urgently need to trade or move your ENJ during the suspension, you might consider using other crypto exchanges that have not announced a suspension of ENJ services. However, always exercise caution and due diligence when using any exchange. Understand the Bigger Picture: Recognize that this suspension is a temporary measure to facilitate a positive development – the Enjin Network upgrade. This upgrade is ultimately aimed at improving the Enjin ecosystem, which can be beneficial for ENJ holders in the long run. In Conclusion: Staying Informed in the Fast-Paced Crypto World The temporary suspension of Enjin Coin (ENJ) deposits and withdrawals on Bithumb serves as a timely reminder of the dynamic nature of the cryptocurrency space. Network upgrades , while sometimes causing temporary inconveniences like service suspensions, are essential for the growth and advancement of blockchain technologies. For users of crypto exchanges like Bithumb, staying informed, proactive, and adaptable is key to navigating these changes effectively. Always prioritize official announcements from exchanges and projects to make informed decisions about your digital assets. By understanding the reasons behind such events and taking appropriate action, you can confidently participate in the exciting and ever-evolving world of cryptocurrency. To learn more about the latest crypto exchange trends, explore our article on key developments shaping crypto exchange regulatory landscape.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Why Investors Are Favoring Remittix Narrative Over Other Major Presales Rexas Finance, Lightchain AI and Solaxy
The post Why Investors Are Favoring Remittix Narrative Over Other Major Presales Rexas Finance, Lightchain AI and Solaxy appeared first on Coinpedia Fintech News The crypto market maintains challenging competition among Remittix (RTX), Rexas Finance (RXS), Lightchain AI (LCAI) and Solaxy (SOLX), alongside several other projects that attract investor interest. The Blockchain sector maintains growth but multiple fields experience decreased momentum in their development. From the beginning of 2025 until now, investors have lost billions of dollars from Meme coins, Real World Asset projects and AI-driven tokens. The XRP and XLM payment giants maintain leadership of their sector, which has witnessed significant growth this year with Remittix collecting more than $12.6M. Rexas Finance (RXS): A Presale Stuck in the Past Rexas Finance (RXS) a few months ago did create quite a buzz by promising something innovative in DeFi solutions. However, the market conditions for DeFi have made it less attractive for investors as funds continue to drain from speculative projects. RXS stands in stark contrast to Remittix because Remittix thrives on payment growth. Without a clear real-world solution for RXS, one may characterize it merely as a DeFi experiment with its very survival now under serious threat. A lingering sourness among investors is due to the failure of DeFi projects to gain mass adoption in the past. If things go wrong, RXS might find itself in the same boat, having neither reputable institutional backing nor any solid regulatory compliance strategy. The level of complexity and risk in the DeFi ecosystem alienates normal crypto users from finance and real estate issues. Here lies an opportunity for Remittix. Lightchain AI (LCAI): Hype-Driven, But Lacking Real Utility Lightchain AI (LCAI) moved into the spotlight with a new hybridization of AI and blockchain, promising an AI-powered Proof-of-Intelligence consensus mechanism. Yet, AI coins are bleeding billions in value as investors understand that AI-based blockchains are unemphatic and speculative still. While LCAI is still searching for practical applications, Remittix, on the other hand, has begun integrating itself into international finance to solve real problems through crypto-to-FIAT transactions. The hype around AI-driven blockchain technologies has waned in the last couple of months as many projects tend to offer very few real-world cases. Investors wonder if AI blockchains can significantly improve efficiency over non-AI blockchains or if they are simply a re-wrap of technology already available in the market. No partnerships with major institutions have promised to make Lightchain AI mature in the long run, still in its starting phase. Solaxy (SOLX): A Mystery Wrapped in Uncertainty Solaxy (SOLX) has been working on the RWA tokenization wave for some time; however, this niche seems attractive, whereas real-life results have faced restlessness due to regulatory uncertainties. Billions of dollars have fled RWA tokens, leaving Solaxy lacking investor confidence and transparency. Remittix, on the opposite side of the spectrum, is prospering as the payment model does not rest on speculation; that is how the growing problem in finance gets cured. Regulatory scrutiny has made mass adoption of Real World Asset tokens increasingly difficult. Governments across the globe are cracking down on projects that want to tokenize real estate, commodities and other assets without compliance with the law. Thus far, this has left projects like SOLX uncertain, never knowing where they stand legally. Remittix is Redefining the Crypto Payments Landscape Remittix, unlike other competition, has a payment story like that of XRP and XLM, which has made great gains in 2025. Connecting with amazing users, Remittix now allows crypto to FIAT conversion direct deposit into banks, thus eliminating the greater rub of global crypto payments. Currently selling at $0.0628, Remittix’s uniqueness is that it renders on-the-spot value to users without depending on future price increases to sustain themselves. Investors see that solutions like Remittix will make more headway in increasing utility-and-adoption-focused markets. The ability to send internationally without foreign remittance charges and on the same day transaction processing fundamentally marks Remittix as a giant in financial efficiency. The brightness of the Remittix model is evidenced by over $12.7 million raised so far into the project beyond its competition level. Unlike RXS, LCAI and SOLX, present in concept, Remittix is real. Final Thoughts: Why Investors Are Choosing Remittix Over RXS, LCAI, and SOLX The cryptocurrency market shows Remittix (RTX) is demonstrating that practical applications succeed better than Meme coins, AI tokens and RWA projects during 2025. The decrease in DeFi activity challenges Rexas Finance. At the same time, Lightchain AI experiences the downfall of AI tokens and Solaxy encounters regulatory obstacles. Still, Remittix presents a solution for worldwide financial needs and maintains a specified business pathway. Join the Remittix (RTX) presale and community: Join Remittix (RTX) Presale Join the Remittix (RTX) Community Bitcoin World
Cardano and Solana Resurgence Unlikely
The post Cardano and Solana Resurgence Unlikely appeared first on Coinpedia Fintech News The recent crypto market downturn has shaken investors to the core, but history shows that market fear never lasts long. Cardano (ADA) and Solana (SOL) look set for a strong comeback as their fundamentals remain intact. Meanwhile, Rollblock (RBLK), the fastest growing Web3 gaming platform, could be the biggest winner of the year as analysts predict a potential 50x rally in 2025. Rollblock (RBLK): Disrupting A $500 Billion Industry With Blockchain Transparency Rollblock (RBLK) is bringing a revolutionary blockchain-powered approach to online gaming, eliminating shady, unfair practices and finally returning trust to an industry worth over $500 billion. This approach is clearly paying dividends—In December, the platform saw a 600% surge in new users, with over $1.75 million in wagered bids being placed . With more than 7,000 games on offer and a growing sports prediction league, Rollblock is capturing the attention of both crypto and traditional gaming enthusiasts. All bids are backed up on the immutable Ethereum blockchain to prevent any unscrupulous bid manipulation behind closed doors. Investor demand for RBLK has been rising lately, with the presale already attracting $10.5 million in inflows. Stage 10 tokens are currently priced at $0.06, and with major exchange listings on the horizon, prices are set to rise exponentially this year. For just one week, RBLK is offering an extraordinary 50% bonus on all RBLK purchases, making now the perfect time to take a position. The platform allocates up to 30% of its weekly revenue to buy back RBLK, with 60% of these tokens burned to reduce circulating supply while the remaining 40% funds staking rewards of up to 30% APY. This system supports long-term price appreciation and rewards long-term holders, making RBLK a compelling investment for crypto gem hunters. Cardano (ADA): Coming Upgrade Could Trigger A Recovery Cardano (ADA) has been trading around $0.81 today after gaining 3.3% in the last 24 hours. This is an encouraging sign, although Cardano still has work ahead of it to reverse its 20% decline in the last 30 days. Cardano was unable to sustain its price above $1 and has been struggling to regain any hint of bullish momentum in recent weeks. Despite this, Cardano developers have continued to ship improvements to the chain and the upcoming Ouroboros Leios upgrade could easily be the most bullish yet. Cardano CEO Charles Hoskinson recently announced that his teams are working around the clock to enable this upgrade, which could make Cardano one of the fastest blockchains in existence. If successful, this could propel the Cardano price beyond $3 this year. Solana (SOL): TVL Still Rising Despite Meme Controversy Solana (SOL) has rebounded 4.3% in the past 24 hours, currently trading at $179 after bouncing off support at $160. The Solana network has faced criticism over its handling of recent meme coin launches such as Libra and Melania, which resulted in investors losing hundreds of millions of dollars to insider snipers. However, Solana remains a crypto powerhouse, and its decentralized exchanges processed hundreds of billions of dollars last year. Solana DeFi is booming with $9.3 billion in total value locked right now. The Solana price will likely chop around here for some time before making another run towards $300 in the coming months. Rollblock Blows Its Competition Out Of The Water While Cardano and Solana are set for stunning rebounds, it is becoming clear that Rollblock (RBLK) presents the highest potential for returns this year. With its blockchain-based gaming model, RBLK is poised to challenge major industry players. Early investors could see explosive gains as many predict that its token price could reach $1 this bull run. Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino Bitcoin World
