Technology
Binance pauses bitcoin withdrawals citing large volumes
Cryptocurrency exchange Binance halted bitcoin withdrawals on Monday for the second time in a day, citing large volumes.
"Our team is currently working on a fix and will reopen (bitcoin) withdrawals as soon as possible," the company said in a tweet.
"There is a large volume of withdrawal transactions from Binance still pending as our set fees did not anticipate the recent surge in (bitcoin) network gas fees," Binance said, referring to payments made to cyrpto miners who process transactions on the blockchain.
Earlier in the day it had paused withdrawals for about an hour.
In March, Binance, the world's largest crypto exchange suspended deposits and withdrawals citing tech issues. Bitcoin was down about 1% to $28,191, its lowest in nearly a week.
-
Technology6h ago
Animal behavior research is getting better at keeping observer bias from sneaking in – but there’s still room to improve
-
Technology6h ago
A look inside the cyberwar between Israel and Hamas reveals the civilian toll
-
Technology1d ago
US judge questions Google, DOJ in market power trial closing
-
Technology1d ago
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
-
Technology1d ago
Boeing’s Starliner is about to launch − if successful, the test represents an important milestone for commercial spaceflight
-
Technology1d ago
Breakthrough 6G antenna could lead to high-speed communications and holograms
-
Technology2d ago
What You Need to Know About the New WhatsApp Features
-
Technology2d ago
Brain cancer in children is notoriously hard to treat – a new mRNA cancer vaccine triggers an attack from within