Binance Adjusts Fees and Integrates Lightning Network to Resume Bitcoin Withdrawals Amid Network Congestion.

TL;DR Summary
Binance has resumed bitcoin withdrawals after a second pause due to unprecedented congestion on the Bitcoin network. The exchange has adjusted its fees and is integrating Lightning Network withdrawals to prevent similar occurrences in the future. The number of unconfirmed transactions has decreased from a high of 500,000 to just over 430,000 over a 12-hour period. The price of bitcoin continues to decline and is currently at $28,240. Binance has significantly slid in its position for bitcoin trading volume and is no longer in the top 10 exchanges for bitcoin trading pairs.
- Binance Resumes Bitcoin Withdrawals After Second Pause, Says Its Adjusting Fees and Integrating Lightning Network CoinDesk
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- Binance closes BTC withdrawals amid congestion on the Bitcoin network Cointelegraph
- Bitcoin Network Congestion Causes Binance to Pause Withdrawals CoinDesk
- Binance twice pauses bitcoin withdrawals due to 'large volume' MarketWatch
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