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Cryptocurrency exchange Binance halted bitcoin withdrawals on Monday for the second time in a day, citing large volumes. "Our team is currently working on a fix and will reopen ( bitcoin ) withdrawal s as soon as possible," the company said in a tweet. "There is a large volume of withdrawal transactions from Binance still pending as our set fees did not anticipate the recent surge in (bitcoin) network gas fees," Binance said, referring to payments made to cyrpto miners who process transactions on the blockchain. Earlier in the day it had paused withdrawals for about an hour. In March, Binance, the world's large st crypto exchange suspended deposits and withdrawal s citing tech issues. Bitcoin was down about 1% to $28,191, its lowest in nearly a week.   Source: https://thefoxposts.com/binance-pauses-bitcoin-withdrawals-citing-large-volumes-TheFOXposts-21553.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam...

OTTAWA, CANADA: Canada on Monday announced a ban on Chinese-owned social media app TikTok from government -issued devices , saying it presents an "unacceptable" level of risk to privacy and security , adding to the growing rift between the two countries. The move underscores the growing lobby against TikTok, owned by Chinese firm ByteDance Ltd, over concerns of its proximity to Beijing and hold over user data across the world. Prime Minister Justin Trudeau told reporters that his government was looking carefully at how to ensure Canadians' online safety. "This may be a first step, it may be the only step we need to take," he said referring to the action against TikTok. As government bans TikTok on work phones, "many Canadians, businesses and private individuals will reflect on the security of their own data and perhaps make choices in consequence," he said. The ban would go into effect from Tuesday and federal employees would also be blocked f...