Binance's Bitcoin Withdrawal Pause: A Lesson Learned from Network Congestion.
Binance, the world's largest cryptocurrency exchange, has resumed Bitcoin withdrawals after a temporary pause due to a "congestion issue." The exchange has adjusted its miner fees and is exploring the use of Bitcoin's Lightning Network to speed up withdrawal times. Binance has referred to DefiLlama's data "for accurate information" regarding its wallet movements. The price of Bitcoin dropped to a week low of $27,790 on Monday morning, but has since recovered slightly.