Binance Halts BTC Withdrawals: Bitcoin Network Congestion Triggers Unprecedented Move!
Cryptocurrency exchange Binance temporarily closed Bitcoin (BTC) withdrawals on May 7, citing an overflow of transactions on the Bitcoin network. At the time, the Bitcoin mempool, which serves as a waiting area for incoming transactions before they are independently verified by each node on the network, was congested with over 400,000 transactions waiting to be […]