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Bitcoin Stabilises Following Binance-Driven Sell Off
Bitcoin prices have stabilised over early European trading on Tuesday following heavy price falls in recent sessions. The selling comes in response to news that Binance, the largest crypto exchange, was seen temporarily freezing Bitcoin withdrawals twice over the weekend. The action was taken in response to heavy volumes and surging transaction fees which caused a lot of congestion in the market. Unlike with other crypto brokers who recently collapsed, the pause is reputedly not due to liquidity issues around processing the withdrawals. Instead, Binance said the issue was caused because its set fees offered to miners ... (full story)
