'Low TX Fees' Identified As Cause of BTC Backlog on Binance - FinTech Brief

Home
News
Regulatory
Featured Article

Written by FinTech News Brief

Bi-partisan Crypto Bill Lays Out Expansive Roadmap As Pols Grapple with Volatile Market
The hotly-anticipated cryptocurrency bill from U.S. Sens. Kirsten Gillibrand and Cynthia Lummis was finally introduced last week, and on its face it appears exactly as advertised: a massive, sweeping conglomeration that covers everything from banking to security and a slew of other regulations. Read more...
Popular Article

Written by FinTech News Brief Staff

SEC to Focus on Blockchain at 2019 Fintech Forum
The Securities and Exchange Commission announced the concept of digital assets and distributed ledger technology… Read more...

Written by FinTech News Brief Staff

Ripple CEO Points to Regulation As Key to Adoption
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to benefit from regulation and clarity.… Read more...
Most Recent

Bi-partisan Crypto Bill Lays Out Expansive Roadmap As Pols Grapple with Volatile Market

Russia Moving Towards Broad Crypto-payments Legalization: Manturov

Congress Weighs Impact of AI’s Growing Adoption in RegTech Space

CFPB Digs Deep to Protect Fintech Consumers with 'Dormant Authority' Decision

Chair of Senate Banking Committee Calls Out Fintech Banks for Lack of Regulation, Fraud Concerns

Powell to Lawmakers: Crypto Regs Could Help Prevent Sanctions Evasion

Comptroller Hsu: Regulation, Reserves Can Put the 'Stable' in Stablecoins
Security
Featured Article

Written by FinTech News Brief

FinCEN Looks to Expand Data Sharing to Fight International Fintech Crime
The Financial Crimes Enforcement Network (FinCEN) is taking the first steps to launch an expansion of an international data sharing program aimed at combating money laundering and other financial crimes. Read more...
Popular Article

Written by FinTech News Brief Staff

Winklevoss Gemini Exchange First of Its Kind to Win Top Security Classification
The Winklevoss brothers' crypto custodian and exchange, Gemini, was awarded… Read more...

Written by FinTech News Brief Staff

McAfee Bolsters 'Ghost' Brand with New Data-service
Tech mogul John McAfee added to his “Ghost” network with… Read more...
Most Recent

FinCEN Looks to Expand Data Sharing to Fight International Fintech Crime

N. Korean Hackers Enjoy 'Banner Year' Of Crypto Crime: Report

Chinese Officials Fearful Crypto Mining Could Threaten Power Grid During Winter Season

Blockchain Hacks Drop Dramatically

Bitfinex Will Pay Handsomely to Ensure Recovery of Hacked BTC

McAfee Bolsters 'Ghost' Brand with New Data-service

Winklevoss Gemini Exchange First of Its Kind to Win Top Security Classification
Robo-Advisors
Latest Article

Written by Jacob Roberts

KASHOO REVAMPS PRODUCT
Online software vendor Kashoo is forming focus group to react to the new features in its software. The Vancouver, B.C.-based company wants feedback on the new features and focus group members may also participate in testing before a broader release this fall. Read more...

Written by Jacob Roberts

NET@WORK ACQUIRES IMS
Net@Work has acquired Inventory Management Solutions, the New York-based reseller said this week. IMS provides fixed asset inventory services and training for the Sage Fixed Assets Software Solutions. Read more...
Popular Article

Written by Jacob Roberts

KASHOO REVAMPS PRODUCT
Online software vendor Kashoo is forming focus group to react… Read more...

Written by Jacob Roberts

NET@WORK ACQUIRES IMS
Net@Work has acquired Inventory Management Solutions, the New York-based reseller said… Read more...
Most Recent

FinCEN Looks to Expand Data Sharing to Fight International Fintech Crime

N. Korean Hackers Enjoy 'Banner Year' Of Crypto Crime: Report

Chinese Officials Fearful Crypto Mining Could Threaten Power Grid During Winter Season

Blockchain Hacks Drop Dramatically

Bitfinex Will Pay Handsomely to Ensure Recovery of Hacked BTC

McAfee Bolsters 'Ghost' Brand with New Data-service

Winklevoss Gemini Exchange First of Its Kind to Win Top Security Classification
Cryptocurrency
Featured Article

Written by FinTech News Brief Staff

President’s Working Group Targets Risks of Unregulated Adoption of Stablecoins
Secretary of the Treasury Janet Yellen warned stablecoins—digital currencies pegged to the value of fiat currency like the U.S. dollar—could introduce a number of challenges into the financial system if they are not properly regulated. Read more...
Popular Article

Written by FinTech News Brief

'Low TX Fees' Identified As Cause of BTC Backlog on Binance
Bitcoin withdrawals on the Binance platform were temporarily suspended last week after a “stuck transaction”… Read more...

Written by FinTech News Brief

Hsu to D.C. Summit: 'Hype' Economy Threatens Digital Asset Space
Industry stakeholders and government officials used the DC Blockchain Summit to mull ways to leverage… Read more...
Most Recent

'Low TX Fees' Identified As Cause of BTC Backlog on Binance

Hsu to D.C. Summit: 'Hype' Economy Threatens Digital Asset Space

Lobby Warns State-backed Crypto Will Spell Big Trouble for Banks, Borrowers

Crypto Bear Market Doesn’t Hold Down Blockchain VC Funding: Report

TerraUSD Tumbles As So-called 'Stablecoin' Appears Unstable

Ritzy Conn. Estate for Sale, Unidentified Owner Will to Take BTC, ETH in Purchase

Top Crypto Firms Luring Expert Cops with Fat Salaries
Blockchain
Contracts
General
People
Subscribe!

Estimated reading time: 0 minutes, 20 seconds

'Low TX Fees' Identified As Cause of BTC Backlog on Binance

Thursday, Jun 16 2022

Written by FinTech News Brief

font size decrease font size increase font size
Print
Email

Bitcoin withdrawals on the Binance platform were temporarily suspended last week after a “stuck transaction” was reportedly causing issues. So reports CNBC.

Founder and CEO Changpeng Zhao initially estimated the platform would need about a half-hour to address the issue, which actually took several hours to mitigate. The transactions were disrupted due to “low TX fees,” which led to a backlog of transactions.

Read the full article from CNBC.

Read 56 times

Rate this item

1
2
3
4
5

(0 votes)

More in this category: « Hsu to D.C. Summit: 'Hype' Economy Threatens Digital Asset Space

Most Read

- Apr 27 2019
- Written by FinTech News Brief Staff
SEC to Focus on Blockchain at 2019 Fintech Forum
The Securities and Exchange Commission announced the concept of digital…
- Jan 09 2019
- Written by FinTech News Brief Staff
Ripple CEO Points to Regulation As Key to Adoption
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
- Mar 26 2019
- Written by FinTech News Brief Staff
Blockchain Market on Pace to Hit $20B
The blockchain technology market is on pace to skyrocket through…
- Jan 20 2019
- Written by FinTech News Brief Staff
FinTechs Look to Bolster Legal Teams to Deal with New Regs: Bloomberg
A review of job-posting data has shown fintech companies have…

FTB

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.