The leading cryptocurrency exchange Binance has recently suffered from a severe software bug, prompting the launch of a scheduled system upgrade and a temporary suspension of spot trading, deposits, and withdrawals across the entire platform. The software bug, discovered on Thursday May 7, 2021, is reported to have caused a disruption to the overall performance… Continue reading Daily Crunch
Category: deposits
Daily Crunch
It was just announced that Binance, the world’s largest crypto exchange, has reopened after having to temporarily suspend spot trading, deposits and withdrawals due to a bug. The incident was reported to have happened on April 22nd when Binance’s CFO, Wei Zhou, posted on Twitter that “due to a server issue, we were forced to… Continue reading Daily Crunch
Daily Crunch
Malta-based crypto exchange Binance recently had to suspend spot trading and deposits and withdrawals due to a bug in its system. However, the platform has now reopened with CEO Changpeng Zhao saying that the platform had “fixed” the bug. The bug reportedly occurred when the software was performing a scheduled system upgrade on its core… Continue reading Daily Crunch
Daily Crunch
The popular crypto exchange Binance has recently been forced to suspend all spot trading, deposits, and withdrawals as a result of a major bug in their system. The platform freeze, which lasted for around an hour, occurred on Mon May 11 at 4:30 UTC. Binance quickly identified the source of the issue and recommenced operations… Continue reading Daily Crunch
Daily Crunch
The news that Silicon Valley Bank has gone bust was one of the biggest stories in the financial world this past week. Regulators have taken control of $175 billion or more in deposits from the failed bank, resulting in shock waves through the banking and technology industries. This is a major setback for the many… Continue reading Daily Crunch