Cryptocurrency Analysis and News Portal
Information Commissioner issues Enforcement Notice relating to backlog of 261 FOI requests Council must provide action plan on improving response times Council can be found in contempt for failure to meet terms of Enforcement Notice The Information Commissioner’s Office (ICO) has
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In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks
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Stablecoin issuer Circle has announced it has cleared "substantially all" of the backlog of redemption requests for its stablecoin USD Coin (USDC).In a March 15 operational update, Circle said between the morning of March 13 to the close of business on March 15, it had redeemed $3.8 billion USDC and
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Celsius customers participating in the company’s custody program can now withdraw their funds. However, some users are experiencing delays in processing their requests due to a backlog of pending withdrawals. After a crypto lending company Celsius froze withdrawals before filing for bankruptcy, some customers now report that they can finally withdraw
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Summary: Binance has temporarily paused Bitcoin withdrawals on the exchange due to stuck transactions causing a backlog. The team is currently working on a solution, and further explains that the backlog is being caused by a batch of Bitcoin transactions with low transaction fees. Bitcoin withdrawals on other networks (BEP20 and ERC20) through
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Major cryptocurrency exchange Binance announced the suspension of all transaction withdrawals on its platform on Monday morning due to a “large backlog” of data. CEO, Changpeng Zhao, assured all users that funds were safe, before the functionality was restored. The platform shared this announcement on their official Twitter page via a
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Binance, the world’s largest crypto exchange, temporarily disabled all crypto withdrawals for a time on Monday due to a large backlog.Withdrawals were resumed about 25 minutes after the stoppage was announced to customers on its Twitter account Monday.“There will be a temporary delay in withdrawal processing as the backlog is
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