Binance Closes Withdrawals Amid Congestion On Bitcoin Network

Authored by Ana Paula Pereira via CoinTelegraph, Crypto exchange Binance closed Bitcoin withdrawals on May 7 due to an alleged overflow of transactions on the Bitcoin network. Bitcoin mempool was clogged with over 400,000 transactions waiting to be processed at the time of writing. The mempool is known as the “waiting area” for incoming transactions before they are verified […] Source