Chaos and Confusion as Binance goes down and suspends withdrawals

Various news sites, including the Financial Times, reported that cryptocurrency exchange, Binance are down and has suspended withdrawals.     According to the Merkle, Binance, one of the world’s largest cryptocurrency exchanges which is said to be the fastest growing startup in history, has been offline for several hours.   Quoting the company “Due to a significant increase in users and trading activity, Binance will need to extend the System upgrade and is expected to be completed by 2PM (UTC),” the Binance team stated, noting that trading will remain disabled…

Read More