Tezos (XTZ) Nurses From Bad Fall In Last 7 Days After Binance Asset Freeze
Recent developments suggest that Tezos and its native coin, XTZ, may have placed itself in a precarious scenario. XTZ price reveals a bullish trend Key resistance spotted at $1.48 Tezos price support present at $1.44 On August 25, a group of network contributors under the name Baking Bad claimed that the cryptocurrency exchange Binance had wrongfully frozen over $1 million in assets. Meanwhile, authors further urged the Tezos community to stop supporting the Changpeng Zhao (CZ)-led group by withdrawing their funds from the exchange. Related Reading: Flow Monitoring: Why This Price FLOW....
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In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several minor hardware failures on wallet consolidation” as the incident that ultimately forced it to pause withdrawals. To fix the problem and to stop this from recurring, Binance said it changed the logic “to only take successful UTXO from consolidation transactions or successful withdrawal transactions.”
Minor Hardware Failures
Binance has said bitcoin withdrawals on its Bitcoin network have resumed just hours after “a....
A U.K. judge has reportedly ordered cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users claimed to be the victim of a $2.6 million hack. Binance Ordered to Help Recover Funds Allegedly Stolen in a Hack A London high court has ordered global cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users, Fetch.ai, claimed to be the victim of a $2.6 million hack, Reuters reported Friday. The judge granted requests by the artificial intelligence (AI) company for Binance to identify the hackers as well as....
Renowned crypto exchange Binance has now confirmed that it has restricted its account access to $1 Million in crypto for a Tezos tool contributor. This confirmation comes after the platform was called out on social media. In a series of Tweets, the crypto exchange mentioned that it restricted the account of Tezos staking rewards auditor […]
Tezos NFTs are among the trendy collectibles recently. The popularity of the Tezos BFT ecosystem has grown due to its low mining cost and energy efficiency. The NFT space is receiving more attention over the years. Many companies have dived into the sector as businesses and individuals develop an increasing interest in NFT collectibles. While […]
The exchange cited technical issues as the reasons for halting withdrawals across multiple networks earlier this morning. Cryptocurrency exchange Binance announced a temporary freeze on withdrawals on Wednesday morning. The suspension took place across multiple networks as a result of a technical issue by a third-party provider, according to Binance. In a tweet, the exchange said the incident took place around 7:00 am UTC and was resolved by the team within an hour. Earlier today, around 07:00am UTC, #Binance temporarily closed withdrawals for multiple networks due to an issue with a....