Bitcoin Network Overloaded, Binance Had to Stop Filming Twice: Here’s What Happened!
May 8, 2023
0
Cryptocurrency markets have had a very rough day. Binance, the world’s largest cryptocurrency exchange, can handle Bitcoin (BTC) withdrawals. had to turn it off twice. Let’s see what
Cryptocurrency markets have had a very rough day. Binance, the world’s largest cryptocurrency exchange, can handle Bitcoin (BTC) withdrawals. had to turn it off twice. Let’s see what happened.
Binance traded Bitcoin in a statement last night experiencing network congestion and as a result, the shooting trials were stopped. announced. This statement, which was made at 6:15 p.m., was updated approximately 1 hour later and at 7:30 p.m. problems are resolved, it was announced that shooting can be resumed. However, this did not last long.
BTC withdrawals are paused again in the morning!
At 04:15 a new statement came out from Binance’s official Twitter account. This overview shows the accumulated transactions due to the size of the volume BTC withdrawal transactions has stopped again gave up. This time, the source of the problem lay with Binance itself. In the statement commissionswelding It was said that there was a problem and that the development team was working on it.
If it’s by 7am, it’s about the recording process. problems resolved and it was reported that operations were resuming. Binance stated that necessary updates have been made to avoid a similar issue in the future. Yes, Binance users can continue to trade with Bitcoin on the exchange from now on.
Bitcoin was not much affected by what happened.
The events in Binance did not cause huge losses in BTC and other crypto assets. 24 hours ago 28 thousand 900 dollars BTC, which trades at levels, is down about 3 percent after what happened. 28 thousand 175 dollars dropped to its level. The largest loss in value of the 10 largest volume cryptoassets was in Ripple (XRP), with 4.43 percent.
The incident belongs to Binance crisis management It turned out that he had done well. With the steps taken and instant notifications, investors’ hearts were filled with peace of mind. This too deeper prevented the decline.
Technology gift suggestions that will make moms happy
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.