Bitcoin Price Dives; Mempool Backlog Stalls Trading

Bitcoin's price dived early Monday as the network faced a transaction jam and fee spike. Top crypto exchange Binance paused withdrawals twice.

• 2023-05-09
• transaction fees Bitcoin Bitcoin Price pending transactions unconfirmed bitcoin transactions trading network

Bitcoin Based-Memecoin Surge Seen Driving Binance Anxiety

(Bloomberg) -- The oldest cryptocurrency blockchain is being clogged up by a recent spate of Bitcoin-based memecoins such as Pepe, driving up transaction fees and renewing concern about the largest digital-asset trading platform. Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC P

• 2023-05-08
• Bloomberg Bitcoin miners pending transactions transaction fees network fees trading platform digital asset Bitcoin transactions

Binance Calls Bitcoin Withdrawal Pause 'a Learning Opportunity'

Binance has since resumed Bitcoin withdrawals on the platform after reports of "congestion" issues on the network.

• 2023-05-08
• Lightning Network Bitcoin Binance pending transactions

Binance Again Pauses Bitcoin Withdrawals, Cites Clogged Network

(Bloomberg) -- Binance, the largest crypto exchange, temporarily paused withdrawals of Bitcoin for the second time in less than 12 hours, citing congestion on the token’s network.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignFootball Stadiums Belong in the SuburbsKimora Lee Says $93 Million US Wants From Tim Leissner Is HersThe ste

• 2023-05-08
• Bloomberg pending transactions Bitcoin Binance digital assets