*BINANCE PAUSES BITCOIN WITHDRAWALS AGAIN, CITES NETWORK CONGESTION BTC BITCOIN
withdrawals for the second time in about 12 hours on Monday, citing congestion on the blockchain due to a high volume of pending transactions.
Gas fees are a cost paid by users of a blockchain to its validators every time they wish to transact on the network. Bitcoin recently saw a spike in gas fees amid increased interest in a new token standard, BRC-20, which spurred the launch of several new memecoins this year. BRC-20, which was launched earlier this year by a coder known as “Domo”, allows users to deploy new tokens on the Bitcoin blockchain. This in turn saw the rise of several new memcoins, sparking a speculative trading frenzy where users raced to be early buyers in a new wave of tokens.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance to Adjust the Market Order Function for Selected Spot and Margin Trading Pairs | Binance SupportBinance will adjust the Market Order Total function for selected spot and margin trading pairs at May 7, 9:00 am UTC. After the update, users will not be able to access some features when placing market orders. Full details below ⬇️
Read more »
The Importance of Binance's Request for Information (RFI) Process | Binance BlogAt Binance, protecting user assets is our top priority. We apply strict protocols and industry-leading technical measures to ensure our platform remains secure. Read below to learn what the RFI process is and how we use it to protect users.
Read more »
Bitcoin Network Congestion Causes Binance to Pause Withdrawals.Binance temporarily paused bitcoin withdrawals Sunday morning US time as the bitcoin blockchain became overwhelmed with pending transactions and sky-high fees. Withdrawals resumed within 2 hours of Binance's initial tweet. TheSamReynolds writes
Read more »
First Mover Asia: Bitcoin at $28.6K Remains Unstirred by Binance Temporary Withdrawal PauseGood morning Asia. Here's what's happening: 1. $BTC falls only slightly, trades near $28.6K, despite Binance temporarily closing BTC withdrawals. 2. Maximalists dislike ordinals, but they are becoming a good revenue source for miners. By TheSamReynolds
Read more »
Binance resumes bitcoin withdrawals after second pauseCryptocurrency exchange Binance resumed bitcoin withdrawals on Monday after halting it for the second time in a day, citing large volumes.
Read more »
UK High Court Rules to Set Aside Interim Proprietary Injunction Against Binance – Regulation Bitcoin NewsThe proprietary injunction, which was granted on October 18, 2022, was issued in respect to 470,904 USDT stablecoins that were traced to Binance user accounts. cryptoexchange
Read more »