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A recent hiccup on the leading crypto exchange, Coinbase, has left Bitcoin (BTC) traders counting billions in losses. The glitch wiped out BTC assets worth approximately $100 billion within an hour.

Coinbase glitch that left many users seeing a zero balance erased $100 BILLION of market cap in #Bitcoin in 15 minutes!

H/t @KobeissiLetter pic.twitter.com/G8PC4LMtB9

While Coinbase faces negativity following the outage, hybrid exchange Pullix (PLX) witnesses investor confidence, raising over $8.78 million so far in its ICO. The project’s successful presale has some analysts forecasting a 100x surge for PLX in 2024.

The cryptocurrency market saw solid rallies over the past day as Bitcoin climbed past $64K. Meanwhile, the amplified frenzy triggered massive traffic on Coinbase’s trading platform, leading to malfunctions.

Consequently, the exchange wiped out user balances to zero, as transactions errors intensified panic within the cryptocurrency community.

We are aware that some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling. Our team is investigating this & will provide an update shortly. Your assets are safe.
You can track this incident at https://t.co/a3pl4WiDhZ

The glitch triggered bearish actions, and Bitcoin plunged from $64K to the $59K vicinity. The bellwether crypto recovered to $62,771 at press time.

Pullix is a new cryptocurrency project that aims to transform the decentralized finance (DeFi) industry by combining centralized and decentralized features into a hybrid exchange.

The upgraded trading platform will allow users to buy, trade, and sell digital assets, including cryptocurrency, exchange-traded funds, forex, and stocks.

Pullix’s model perfectly blends user control, trading efficiency, and security, making it an attractive option for many online investors.

Further, the platform’s “Trade-to-Earn” feature and revenue-sharing system revolutionize investment in the crypto space. Token holders can earn passive income from interacting with the exchange and contributing liquidity.

Also, top-notch functionalities such as copy trading, lower fees, and yield farming make Pullix appealing to experienced and new traders.

The Pullix ecosystem has PLX as its native coin, performing various functions from governance. With outstanding facets such as high-end features, use cases, security, and a robust network, PLX will likely enjoy explosive growth during the 2024 bull run.

You can find more info about Pullix on their website.

The post Pullix (PLX) attracts attention as Bitcoin traders lose billions on Coinbase glitch appeared first on Invezz

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