January 2021

Binance

Binance temporarily suspended the withdrawal of crypto assets due to the mass registration of new users

Cryptocurrency exchange Binance temporarily suspended the withdrawal of crypto-assets due to an increase in applications from new users. Withdrawals are now available. Binance announced the suspension of withdrawals on Twitter, apologizing to users for the temporary inconvenience. The exchange was forced to take such a step to deal with the large number of requests from new users wishing to register on the platform. The number of deposits and transactions is also increasing, which creates a heavy load on the system. Binance reassured users and reported that all their assets were safe. Less than an hour later, withdrawals were restored. This is reminiscent of the situation in 2018, when Binance temporarily halted all transactions due to anomalous Syscoin cryptocurrency transactions and unusual activity on the blockchain. As a precautionary measure, Binance had to stop registering new users and remove all active API keys. As a result, all API users had to create new keys. Binance has repeatedly gone on extended technical maintenance, suspending spot, margin and peer-to-peer trading. Problems have arisen with the message routing service and market data providers. According to Binance CEO Changpeng Zhao, the severe strain on the exchange’s technical system also played a role. Recall that last week Roskomnadzor lifted the blocking of the Binance website in Russia. Recently it was reported that Altcoin price will outpace the Bitcoin.

Cryptocurrency exchange OKCoin has announced support for Lightning Network payment protocol support. The integration will take place this quarter.

OKCoin to add Lightning Network support this quarter

Cryptocurrency exchange OKCoin has announced support for Lightning Network payment protocol support. The integration will take place this quarter. The addition of this payment solution will allow U.S. stock exchange clients to transact at higher speeds and with lower commissions. OKCoin…

Trump pardons former Ripple board member

Trump pardons former Ripple board member

U.S. President Donald Trump pardoned 73 people and commuted the sentences of 70 others before leaving office, including former Ripple board member Ken Courson. U.S. President Donald Trump pardoned or commuted the sentences of 143 people, which included former Ripple board…

Nexon plans to buy Bithumb for $460 million

Nexon plans to buy Bithumb for $460 million

Korean gaming company Nexon plans South Korea’s largest cryptocurrency exchange for $460 million. Korea’s largest gaming company Nexon plans to buy the cryptocurrency exchange Bithumb. This is reported by the local newspaper Maekyung, citing the management of Nexon. The preliminary purchase…