Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
No Result
View All Result
  • Home
  • News
  • Dinar Guru
  • Video
  • Audio
  • Contact
Home Cryptocurrency

Binance swiftly resolves technical glitch, resumes crypto withdrawals

October 25, 2023
in Cryptocurrency
Share on FacebookShare on Twitter

On a bustling day in the active cryptocurrency market, Binance, one of the leading crypto exchanges, temporarily halted cryptocurrency withdrawals due to a technical issue with a middleware service. This event occurred amid a high trading volume of approximately $100 billion across various crypto platforms. The last Ethereum withdrawal from Binance was recorded at 10:45 UTC on Wednesday.

CEO Changpeng Zhao promptly acknowledged the issue on Twitter and through their X account, assuring users that all funds were secured under the Secure Asset Fund for Users (SAFU) protocol and that fiat transactions remained unaffected. This quick response highlights Binance’s commitment to transparency and user security, attributes that have earned it acclaim in the industry.

The pause in withdrawals coincided with Bitcoin‘s rally to a 16-month high of $34,300 and ongoing speculation surrounding spot Bitcoin ETF applications. Notably, BlackRock (NYSE:BLK)’s iShares ETF (IBTC) appeared on the Depository Trust & Clearing Corporation’s (DTCC) site after Sam Bankman-Fried’s FTX crash in November 2022, despite still awaiting approval from the U.S. Securities and Exchange Commission.

This incident is not without precedent. A similar situation arose in 2021 when Binance suspended cryptocurrency withdrawals for approximately 25 minutes due to backlog issues.

Emphasizing the importance of technical resilience in the rapidly expanding crypto exchange industry, Binance addressed the glitch swiftly within an hour and resumed normal operations. This incident underscores how crucial reliability and swift resolution are in this fast-paced market environment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

https://www.investing.com/news/cryptocurrency-news/binance-swiftly-resolves-technical-glitch-resumes-crypto-withdrawals-93CH-3208937

Tags: binancecryptocryptocurrencyglitch,resolvesresumesswiftlytechnicalwithdrawals
Previous Post

Dollar up as risk sentiment sours, Treasury yields rise

Next Post

Nasdaq set for worst day of losses since February amid Google slump, rising yields

Related Posts

Frank26  

Frank26   

November 28, 2024
FRANK26 LIVE

FRANK26 LIVE

November 27, 2024
Frank26   

Frank26   

November 27, 2024
KTFA & Clare 09-11-2024

Frank26  

November 27, 2024
Frank26   

Frank26  [Post 2 of 2]

November 26, 2024
Frank26   

Frank26  [Post 1 of 2]

November 26, 2024

At Dinar Detectives, we provide daily dinar updates and dinar recaps, featuring insights from popular dinar gurus. Stay informed with our comprehensive coverage of the latest dinar chronicles and gain valuable insights from dinar guru opinions.

Links

  • Home
  • News
  • Video
  • Audio

Useful

  • Privacy Policy
  • Disclaimer
  • Resources

Investment Indicator
Dinar Tube
Crypto Recaps

  • Privacy Policy
  • Disclaimer
  • Resources

© Dinar Detectives. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact

© Dinar Detectives. All Rights Reserved