CEO Changpeng Zhao (CZ) pointed to the bull market when the world’s largest crypto exchange Binance stopped its Bitcoin (BTC) transactions for the second time in two days.
Binance posted on its official social media account on May 7th. in the statementmade on the stock market bitcoin Do not Pull transactions have been stopped announced. stock market, network until the congestion is cleared a period of time until will be waiting explained. Shortly after the announcement, the transactions will be repeated. has been activated and users’ Bitcoin withdrawals can continue specified.
However, due to the disruption about 10 hours stock market transactions stop again had to. Users on the stock market happening And hidden from the public One from the glitch while suspecting Binance, network congestion has been increasing rapidly in recent days. increased transaction fees it originates stated.
waiting validators of withdrawal transactions on transaction fees for processing by change The stock market, which announced that it was going that it is resolved and in the future not repeat After the approval of all transactions for a new update announced that they will be published.
CEO of the exchange CZ made on the same date in the statementBitcoin transaction fees in the last month from 18 floors more increase demonstrated and your pauses only of the reason mentioned this. Investors to panic aiming to send (FUD) to the news distrust CZ warned that this bull pauses of the market natural described as problems. Also, in the current situation, Bitcoin transactions traditional finance to the market by comparison faster And stay cheap underlined that.
On the other hand, the stock market is there to help in such cases. Bitcoin layer-2 solution of the Lightning Network on the stock market activation He also stated that he is working on in the past months USA based cryptocurrency exchange Coinbase, Lightning Network announced its integration plan.