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Binance Resumes Bitcoin Withdrawals as Bitcoin Blockchain Fees Jump

Binance resumed bitcoin withdrawals after a second pause, as the Bitcoin network suffers from congestion. This comes as fee rates on the bitcoin blockchain surged to a 2-year high after Taproot enabled inscriptions and BRC-20 to take up coveted block space. Sam Reynolds, CoinDesk Senior Markets Reporter for Asia, breaks down this developing story.

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21.co CEO Reacts to Binance Resuming Bitcoin Withdrawals

Binance briefly paused bitcoin withdrawals for around two hours Sunday afternoon U.S. time as the number of unconfirmed transactions hit a record high. Its second pause, taking place Sunday evening U.S. time, was also for just over two hours. "What's going on right now in Bitcoin is quite unprecedented," 21.co co-founder and CEO Hany Rashwan says, reacting to this development.

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Bitcoin Drops After Binance Pauses Withdrawals Twice

Bitcoin (BTC) has slipped below $28,000 as traders react to crypto exchange Binance pausing withdrawals twice over the weekend. Binance has since resumed bitcoin (BTC) withdrawals. Those latest market updates and other news shaping the cryptocurrency world are in this episode of "The Daily Forkast."

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Binance Resumes Bitcoin Withdrawals After Second Pause in 12 Hours

Crypto exchange Binance has resumed bitcoin (BTC) withdrawals after a second pause over the weekend, as the Bitcoin network suffers from unprecedented congestion. 21.co co-founder and CEO Hany Rashwan discusses the potential impact on the crypto markets. Plus, Rashwan's outlook for memecoins as Pepecoin (PEPE) holders may be taking profits on their positions.

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DOJ Investigating Binance for Russia-Related Sanctions Violations: Bloomberg

Bloomberg reports that the U.S. Department of Justice's national security division is conducting an inquiry into whether Binance allowed Russian customers to access the exchange in violation of U.S. sanctions related to Russia's invasion of Ukraine. Spokespeople for Binance and the Justice Department did not immediately return CoinDesk's requests for comment. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De shares the latest developments.

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Justin Sun to Reverse $56M Binance Transfer After CEO Zhao Flags Potential SUI Token Grab

Tron founder Justin Sun tweeted on Monday that he has arranged a full refund of a $56 million transfer to Binance after the exchange platform's CEO Changpeng "CZ" Zhao warned against a potential token grab of the new SUI token. "The Hash" panel discusses what this means for the Sui blockchain ahead of its mainnet launch on May 3.

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Head of Financial Crime Compliance at Binance on Relationship with Government

The head of Financial Crime Compliance at crypto exchange Binance, Tigran Gambarayan, discusses at Consensus 2023, Binance's relationship with the CFTC and law enforcement agencies.

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Mercati

Токени Space ID. Вау, інвестори, через кілька тижнів після продажу Binance Launchpad

За останній тиждень ціна ID -токенів зросла майже вдвічі.

(Unsplash)

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CFTC Chair Behnam Says Binance Deliberately Dodged Rules: Bloomberg

Bloomberg reports that Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam accused crypto exchange Binance of intentionally breaking regulatory rules during an event hosted by Princeton University on Thursday. Separately, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is expected to testify before Congress next week. Ron Hammond, Director Of Government Relations at Blockchain Association, discusses the latest on crypto regulation.

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Binance MENA General Manager on Region's 'Progressive Regulatory Framework'

"Companies around the world...are all moving or looking at moving to the Middle East because of progressive regulatory framework," Binance MENA General Manager Alex Chehade said. Plus, Chehade discusses how the regulatory landscape in the Middle East and North African region compares to guidelines in the U.S.

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