Bitcoin Falls After Binance Twice Pauses Withdrawals

Binance says transactions have resumed and denies there were large volumes of outflows from its platform.

• 2023-05-08
• pending transactions Binance cryptocurrency exchange Bitcoin

To restart halted bitcoin trading, Binance had to make withdrawals more expensive

The world’s biggest cryptocurrency exchange has gotten a little too burdened.

• 2023-05-08
• pending transactions Binance Bitcoin network transactions

Binance resumes Bitcoin withdrawals after halting transactions twice in 12 hours

Binance resumed withdrawals of Bitcoin around Monday noon in Hong Kong after temporarily halting the service twice within 12 hours due to what the world’s largest cryptocurrency exchange said was a “large volume of pending transactions.”

• 2023-05-08
• pending transactions Bitcoin

Binance Pauses Bitcoin Withdrawals for the Second Time in 24 Hours

The second pause comes less than eight hours after its first pause as the crypto exchange grapples with unprecedented Bitcoin network congestion.

• 2023-05-08
• pending transactions Binance

Bitcoin Network Congestion Causes Binance to Pause Withdrawals

The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the bitcoin protocol.

• 2023-05-08
• pending transactions Bitcoin mining unconfirmed Bitcoin transactions transaction fee