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The Times of India
The Times of India
Business
Bloomberg

Binance restarts withdrawals of Bitcoin after second halt

NEW YORK: Binance restarted withdrawals of Bitcoin after citing congestion on the token’s blockchain for two halts in less than 12 hours, suspensions that weighed on cryptocurrency markets.

The company said higher fees have been applied to pending transactions so they get picked up by Bitcoin miners — the computer rigs that operate the network. Withdrawals had been down for over two hours on Monday in Asia.

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