Binance suffers 3rd-party glitch that impacted withdrawals
By MYBRANDBOOK
Cryptocurrency exchange Binance announced a temporary freeze on withdrawals. The suspension took place across multiple networks as a result of a technical issue by a third-party provider.
However, the exchange further tweeted that the incident was resolved by the team within an hour. Binance also assured users that despite the freeze, funds are “SAFU”, that stands for the exchange’s monetary fund, Secure Asset Fund for Users (SAFU). The fund was created in 2018 by Binance to compensate customers in light of a hack on the exchange.
After questions about the fund from Twitter users, the exchange promptly clarified the purpose and its $1 billion value. This comes only days after Binance recovered and froze nearly $450,000 worth of the stolen assets from the Curve Finance hack.
In June, Binance also halted Bitcoin (BTC) withdrawals due to major network congestion. Binance is the world’s largest crypto exchange and deals with nearly 3.224 million transactions per day.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
SECUREYE SERVICES PVT. LTD.
POLYCAB INDIA PVT. LTD.
NETWEB TECHNOLOGIES INDIA LTD.
TALLY SOLUTIONS PVT. LTD.
Technology Icons Of India 2023: Ajit Balakrishnan
The Company markets specific channels, community features, local langu...
Technology Icons Of India 2023: Anil Kumar Aggarwal
Anil Agarwal is an Indian billionaire businessman who is the founder a...
Technology Icons Of India 2023: Roshni Nadar Malhotra
Roshni Nadar Malhotra is an Indian billionaire businesswoman and the c...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...