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WazirX trading platform deals with outages as cryptocurrencies dip; opens floodgates for memes on Twitter- Technology News, Firstpost

By Amelia Podder

tech2 News StaffMay 20, 2021 16:06:00 IST

Right after China banned its institutions from dealing in digital currencies, cryptocurrencies – including Bitcoin and Ethereum – took a massive dip. This happened at around the same time that Elon Musk announced bitcoin mining and transactions encourage the use of fossil fuels, especially coal, and hence, Tesla would not be accepting vehicle purchases in bitcoin. This eventually created panic among investors, who rushed to sell their shares and avoid losses. WazirX, one of India’s largest cryptocurrency trading platforms, also crashed after the plunge, making it a nightmare for many investors.

Image: Pixabay

Tesla would not be accepting vehicle purchases in bitcoin. Image: Pixabay

On Wednesday, WazirX crashed for several hours, and today, the platform suffered its second outage this week. While all this has been incredibly stressful and frustrating for some, memers took to Twitter to have a laugh at the situation.

Here are a few hilarious memes Twitterati used to describe the situation:

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Amelia Podder