Crypto firms Celsius, Binance halt withdrawals as bitcoin plummets ...Middle East

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Crypto firms Celsius, Binance halt withdrawals as bitcoin plummets
Cryptocurrency companies on Monday blocked users from withdrawing funds as the value of bitcoin and other prominent digital assets plunged.  Crypto lending company Celsius Network announced late on Sunday night that it would freeze all withdrawals and transfers due to “extreme market conditions.” The move sparked an enormous selloff, with the price of Bitcoin falling 12 percent to its lowest level since December 2020.  Binance, the world’s largest crypto exchange by trading volume, said Monday morning that it was freezing bitcoin withdrawals due to “due to a stuck transaction causing a backlog.” Changpeng Zhao, the firm’s CEO, tweeted that the fix would only take 30 minutes but l

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