Ethereum

Cryptocurrency

Coin

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-announces-wallet-maintenance-urges-calm" rel="noopener noreferrer nofollow">Binance Announces Wallet Maintenance, Urges Calm</a> 
Binance, a major cryptocurrency exchange, has announced an upcoming standard wallet maintenance. The exchange has warned that large transactions/transfers might be observed on the Ethereum network via internal Binance wallets as part of this maintenance.
The announcement aims to prevent any panic by informing users that significant USD Coin (USDC) transactions will be visible on the Ethereum (ETH) network. The exchange reassured users with a note stating, “Rest assured, funds are safe.”
Cryptocurrency wallet maintenance is crucial for the secure storage and management of digital assets. Regular checks and updates ensure the safety of online wallets and the secure storage of private keys for exchanges.
The primary reasons for exchanges to perform wallet maintenance include <a href="https://en.bitcoinhaber.net/phishing-frenzy-over-324000-crypto-users-scammed-in-2023" rel="noopener noreferrer nofollow">security</a> updates, system improvements, and resolving technical issues. Such maintenance is essential for protecting user assets, enhancing performance, adding new features, or fixing bugs.
Exchanges like Binance typically pre-announce wallet maintenance to allow users to take necessary precautions. During maintenance, deposit and withdrawal services for affected assets may be unavailable, and users should be prepared for this.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-announces-wallet-maintenance-urges-calm" rel="noopener noreferrer nofollow">Binance Announces Wallet Maintenance, Urges Calm</a></h5>

Binance Announces Wallet Maintenance, Urges Calm

BH NEWS

Other articles published on Jan 18, 2024

XAI Price Prediction – Next 10x Crypto?

Solana (SOL) Turns Bullish Across All Timeframes but Analyst Insists This Resistance Must Break F...

Current Status of Spot Bitcoin ETFs

Bitcoin decreases 12% to below $42k following spot ETF hype

Convicted ex-OpenSea manager appeals court ruling

Bitcoin Might Explode as Weekly Golden Cross Forms: Details

Join our free newsletter for daily crypto updates!