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Binance
Binance Resumes Bitcoin Withdrawals as Bitcoin Blockchain Fees Jump
Binance resumed bitcoin withdrawals after a second pause, as the Bitcoin network suffers from congestion. This comes as fee rates on the bitcoin blockchain surged to a 2-year high after Taproot enabled inscriptions and BRC-20 to take up coveted block space. Sam Reynolds, CoinDesk Senior Markets Reporter for Asia, breaks down this developing story.
21.co CEO Reacts to Binance Resuming Bitcoin Withdrawals
Binance briefly paused bitcoin withdrawals for around two hours Sunday afternoon U.S. time as the number of unconfirmed transactions hit a record high. Its second pause, taking place Sunday evening U.S. time, was also for just over two hours. "What's going on right now in Bitcoin is quite unprecedented," 21.co co-founder and CEO Hany Rashwan says, reacting to this development.
Bitcoin Drops After Binance Pauses Withdrawals Twice
Bitcoin (BTC) has slipped below $28,000 as traders react to crypto exchange Binance pausing withdrawals twice over the weekend. Binance has since resumed bitcoin (BTC) withdrawals. Those latest market updates and other news shaping the cryptocurrency world are in this episode of "The Daily Forkast."
Binance Resumes Bitcoin Withdrawals After Second Pause in 12 Hours
Crypto exchange Binance has resumed bitcoin (BTC) withdrawals after a second pause over the weekend, as the Bitcoin network suffers from unprecedented congestion. 21.co co-founder and CEO Hany Rashwan discusses the potential impact on the crypto markets. Plus, Rashwan's outlook for memecoins as Pepecoin (PEPE) holders may be taking profits on their positions.
DOJ Investigating Binance for Russia-Related Sanctions Violations: Bloomberg
Bloomberg reports that the U.S. Department of Justice's national security division is conducting an inquiry into whether Binance allowed Russian customers to access the exchange in violation of U.S. sanctions related to Russia's invasion of Ukraine. Spokespeople for Binance and the Justice Department did not immediately return CoinDesk's requests for comment. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De shares the latest developments.
Binance Resumes Bitcoin Withdrawals After Second Pause, Says It's Adjusting Fees and Integrating Lightning Network
The second pause came less than eight hours after the first.
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.
U.S. Justice Department Investigating Binance for Russia-Related Sanctions Violations: Bloomberg
CoinDesk has reached out to Binance and the Justice Department for comment.
Israel Has Seized 190 Binance Accounts With Alleged Terrorist Ties Since 2021: Reuters
Israeli authorities say the accounts on crypto exchange Binance belonged to individuals affiliated with Daesh and Hamas.
Binance, Coinbase Endure $700M in Staked Ether Outflows as Decentralized Liquid Staking Protocols Gain
Investors are ditching the centralized exchange giants to stake their ETH holdings on decentralized alternatives amid regulatory concerns, and as they chase higher rewards, crypto analysts say.
