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The largest cryptocurrency by market capitalization was recently trading at around $27,350, down over 5.5% in the past 24 hours, according to CryptoX data, as investors continued to mull over a surge in interest in the PEPE meme coin and Binance congestion issues that forced the exchange giant to temporarily
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Binance has resumed Bitcoin withdrawals on its trading platform. The exchange suspended withdrawals earlier today, citing congestion in the Bitcoin network. Binance’s Bitcoin wallets have seen outflows of more than 157,000 BTC over the past 24 hours. Binance has resumed Bitcoin withdrawals on its platform almost two hours after the exchange suspended BTC
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The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the bitcoin protocol. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On-chain data on May 7 shows that the profitability of bitcoin (BTC) miners is on the rise. Bitcoin miner profitability rises 2X BitInfoCharts reveals that for every TH/s of hash rate, which is the computing power funneled to the Bitcoin
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, the world’s largest cryptocurrency exchange, has re-opened bitcoin (BTC) withdrawals after a 1-hour suspension, the latest data on May 7 shows. Binance halts BTC withdrawals Binance said they were halting withdrawals on the Bitcoin network due to
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Crypto exchange Binance closed Bitcoin (BTC) withdrawals on May 7 due to an alleged overflow of transactions on the Bitcoin network. Bitcoin mempool was clogged with over 400,000 transactions waiting to be processed at the time of writing. The mempool is known as the "waiting area" for incoming transactions before they
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As the crypto community still tries to decipher Terra’s ongoing pegging-depegging fiasco in relation to its stablecoin offering Terra USD (UST), major crypto exchange Binance announced the suspension of withdrawals for LUNA and UST until further notice on Tuesday. The market value of UST, Terra’s stablecoin offering, recently fell below the
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Network congestion on the Ethereum network is a very real and present issue, which has in turn brought about more real and pressing issues. Users of the network, especially small-time investors, have drawn the short end of the stick with these issues as they are the most affected. With fees
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Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature like “blob-carrying transactions” in a “near-future hard fork.” ‘Blob-Carrying Transactions’ The price of ethereum (ETH) has moved northbound during the last two
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KingTiger Casino recently went out of operation due to Ethereum congestion issues. The online casino announced that they wouldn’t be operating until they get a suitable solution for their users. On their website, the company said they shutting-down due to congestion on the Ehereum network. According to them, it has become
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