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Binance's CZ Warns Users of Trouble with Crypto Withdrawals, Expects the Issue Fixed Soon

  • Yuri Molchan
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    The CZ of Binance tweets that due to a server issue, the exchange is having troubles with withdrawing Bitcoin and all other cryptos but it is to be fixed soon

Binance's CZ Warns Users of Trouble with Crypto Withdrawals, Expects the Issue Fixed Soon
Cover image via www.123rf.com

A few minutes ago, the CEO of Binance, CZ, tweeted that the platform is having issues with its server that are preventing users from withdrawing their crypto. The trouble has touched traders of all digital assets on Binance.

A preliminary analysis shows that it may take an hour or two to get the problem fixed. CZ assures that the technical team knows exactly what to do to restore withdrawals as soon as possible.

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Some users are expressing their rage over the problem.

As per good news from Binance, previously, U.Today reported that the platform has shown a trading volume of $134 mln on Bitcoin futures within one hour.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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