{"id":81386,"date":"2023-03-25T17:03:40","date_gmt":"2023-03-25T17:03:40","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue"},"modified":"2023-03-25T17:44:25","modified_gmt":"2023-03-25T17:44:25","slug":"crypto-exchange-binance-suspends-multiple-activities-amid-software-issue","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue","title":{"rendered":"Crypto exchange Binance suspends multiple activities amid software issue"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>Binance, the world’s biggest cryptocurrency trading platform, suspended multiple activities of spot trading, deposits, and withdrawals Friday for two hours due to a software issue.<\/p>\n

“Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering,” Binance CEO Changpeng Zhao wrote on his Twitter account.<\/p>\n

“Waiting for more precise ETA. Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are #SAFU,” he added, referring to “Secure Asset Fund for Users.”<\/p>\n

While the world’s largest crypto trading platform frustrated investors, Zhao said: “When the biggest exchange halts trading, prices won’t move much. If it moves on smaller exchanges, when #Binance comes back, our deeper orderbook will bring the price back, causing those guys to lose money. Traders know this.”<\/p>\n

Binance said in a statement it completed temporary system maintenance and that it would resume all trading activity at 1400GMT.<\/p>\n

After the software issue was resolved, the price of Bitcoin, the world’s biggest crypto by market cap, was trading just above $28,000 for a 2.2% daily loss, while the biggest altcoin Ethereum was around $1,769 for a 4% decline for the day.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. Binance, the world’s biggest cryptocurrency trading platform, suspended multiple activities of spot trading, deposits, and withdrawals Friday for two hours due to a software issue. “Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering,” Binance CEO Changpeng Zhao wrote on his Twitter account. “Waiting […]<\/p>\n","protected":false},"author":84,"featured_media":81385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[6990,6991,8204,9114,8013,711],"class_list":["post-81386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press-2","tag-africa-press-tanzania","tag-binance","tag-binance-ceo-changpeng-zhao","tag-cryptocurrencies","tag-tanzania"],"yoast_head":"\nCrypto exchange Binance suspends multiple activities amid software issue - Tanzania<\/title>\n<meta name=\"description\" content=\"Binance, the world's biggest cryptocurrency trading platform, suspended multiple activities of spot trading, deposits, a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto exchange Binance suspends multiple activities amid software issue\" \/>\n<meta property=\"og:description\" content=\"Binance, the world's biggest cryptocurrency trading platform, suspended multiple activities of spot trading, deposits, a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-25T17:03:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-25T17:44:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679747682.31.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Crypto exchange Binance suspends multiple activities amid software issue\",\"datePublished\":\"2023-03-25T17:03:40+00:00\",\"dateModified\":\"2023-03-25T17:44:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue\"},\"wordCount\":210,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679747682.31.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"Binance\",\"Binance\u00a0CEO\u00a0Changpeng Zhao\",\"cryptocurrencies\",\"tanzania\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/crypto-exchange-binance-suspends-multiple-activities-amid-software-issue\",\"name\":\"Crypto exchange Binance suspends multiple activities amid software issue - 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