Binance temporarily halts all Solana withdrawals

2024-3-6 14:52

Binance has suspened withdrawals to the Solana network amid issues of increased volumes. The exchange expects normal services to resume by March 9, 2024. Binance, Coinbase and Kraken are among exchanges to experience issues as crypto rallied amid Bitcoin’s run to a new all-time high on Tuesday.

Binance is temporarily halting all withdrawals to the Solana (SOL) network, according to an announcement the world’s largest crypto exchange published today.

Per the exchange, normal operations are likely to resume by March 9.

“Withdrawals on Solana (SOL) network have been intermittently suspended since 2024-03-04 due to the increased volume of transactions on the network. Binance has identified some areas for optimization, and is working to provide a stable and long-term solution. The estimated implementation date of the solution is 2024-03-09 18:00 (UTC),” Binance announced.

As well as Binance, other exchanges to experience increased transaction traffic and issues include Coinbase, Kraken and Bybit. The exchanges have reported huge volumes as Bitcoin price exploded in recent weeks to spark altcoin gains.

SOL price outlook

The news of Binance’s halt of SOL withdrawals coincided with a drop in the price of Solana (SOL), with the altcoin’s value dropping to lows of $117.

However, this happened as the broader crypto market looked to bounce alongside Bitcoin (BTC). The flagship cryptocurrency traded above $67,000 on Wednesday morning, back to winning ways following its sharp drop post new all-time high above $69,000 reached on Tuesday, March 5, 2024.

SOL is back above $130 and looking to retest recent highs above $140.

The post Binance temporarily halts all Solana withdrawals appeared first on CoinJournal.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Binance Coin (BNB) на Currencies.ru

$ 603.49 (-0.15%)
Объем 24H $1.011b
Изменеия 24h: -0.55 %, 7d: -0.04 %
Cегодня L: $601.01 - H: $606.13
Капитализация $80.363b Rank 4
Цена в час новости $ 422.32 (42.9%)

binance issues withdrawals amid solana exchanges experience

Источник: coinjournal.net

binance issues → Результатов: 126


EOS Suffers “Major Outage” on Coinbase as Network Performance Issues Arise

This month alone Coinbase suffered issues with EOS thrice, the exchange is still investigating the problem. Meanwhile, No blockchain is cartel resistant, but EOS’s the best, commented Block.One CEO on Binance’s research “Decentralisation, governance and EOS – a lost case?” EOS continues to experience “degraded performance levels” on Coinbase, reported cryptocurrency exchange on Feb. 22. As […]

2020-2-22 19:54


Фото:

Binance Issues Statement on ‘False KYC Leak’; CEO Comments

Binance has formally denied that it has lost control of some of its user data as rumors continue to swirl around a possible hack. Hacker ‘Extorting’ Binance In a statement issued August 6, the major cryptocurrency exchange said it was investigating the claims, which revolve around a hacker demanding 300 BTC in return for withholding traders’ personal data, including passports.

2019-8-7 12:06


Security Researcher Uncovers Witty Phishing Attack On Binance Exchange Users

Security Researcher Uncovers Clever Phishing Attack On Binance Users One of the major issues affecting the cryptocurrency industry and a major hindrance to its popularity is lack of security. Cryptocurrency exchanges have been targeted in hacks that have led to the loss of billions of dollars worth of cryptocurrency. However, it seems the attackers are […]

2019-6-3 22:31


Sacrilegious Binance Reorg Would ‘Erode’ Bitcoin: Blockstream

By CCN: Blockstream CEO Adam Back told the What Bitcoin Did podcast that the block reshuffling proposed by Binance CEO Changpeng Zhao would raise “geopolitical issues” had it been attempted. Accept That Bitcoin Is Final Back explained why the idea of a chain reorganization as a means to punish hackers or rescue lost bitcoins is a terrible idea.

2019-5-15 12:25


Фото:

Irony: Coinbase Pushes Binance Launchpad Project MATIC To New Heights

Scalability is one of the biggest issues in cryptocurrency, and several leading blockchains are throttled at a handful of transactions per second. High-throughput networks like EOS, which can process 4,000 payments every second, have been able to capitalize – to the tune of a few billion dollars – on the sector’s unmet demand for fast […] The post Irony: Coinbase Pushes Binance Launchpad Project MATIC To New Heights appeared first on Crypto Briefing.

2019-5-1 22:12


Binance’s research over Bitcoin revisiting ‘2017 glory’ rejected by crypto-enthusiasts over scalability, network saturation issues

Bitcoin’s [BTC] surge over $5,000 gave many crypto fans a ray of hope as it signalled the possibility of a continued bull-run. Binance’s research on Bitcoin’s performance dealt with the question ‘can Bitcoin return to its 2017 glory?’ and indicated that we could be getting close to the 2017 glory.

2019-4-7 01:03


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Казахстанские майнеры добыли 7200 биткоинов

Аккредитованные в Казахстане майнеры и майнинговые пулы добыли с начала 2023 года по май этого 7200 биткоинов, сообщило республиканское Министерство искусственного интеллекта и цифрового развития (МИИЦР).