IOTA withdrawals from Binance suspended

The users are complaining about not being able to withdraw IOTA from Binance exchange for a long time and the IOTA cryptocurrency is falling down in price
15 December 2017   7776

Binance cryptocurrency exchange has announced launching IOTA coin on the platform 3 months ago having listed IOTA/BTC and IOTA/ETH trading pairs. Currently the users of Binance are facing issues with withdrawals of IOTA, and most of them have not been able to withdraw the money for several weeks after sending the request.

Binance support users comments towards IOTA withdrawalsUsers' comments towards the problem with IOTA withdrawals on Binance Support

The users who wrote to Binance Support, received the following reply:

IOTA has currently suspended transactions due to a bug in their system.
We have received word from them that they are working on it to fix the issue, but we are still waiting for confirmation from them with regards to when they will resume transaction operations. We appreciate your patience and understanding, and as always, thank you for your continued patronage.
 

The Binance Support Team 
Support 1023

Meanwhile, the price of IOTA has started to fall down, presumably due to the problems with money withdrawals. The coin decreased 0,46% within past hour, 1,03% within past 24 hours and eventually 7,95% within past 7 days.

IOTA ChartsIOTA Charts

At the moment of press, these are main market parameters of IOTA:

  • Average price: $3,88
  • Marketcap: $10 772 569 927
  • 24h volume: $694 015 000

PoWaaS For IOTA Wallets to be Released

A free solution called powsrv.io is designed for wallets and applications
27 August 2018   940

The development team introduced a new PoWaaS client (PoW-as-a-service) for fast transactions IOTA network tranactions.

A free solution called powsrv.io is designed for wallets and applications, and also works in conjunction with a hardware accelerator for mining devices with weak computing power Pidiver.

Fast and efficient PoWaaS (PoW-as-a-service) for your IOTA wallet, MAM-stream or any IOTA usecase requiring fast transaction turnout. Don't overheat your CPU/GPU by doing IOTA PoW locally, instead use our solution to access consistently fast hashing power. Perfect for low-power IoT devices, mobile and desktop solutions. 
 

Powsrv.io

Get more info at GitHub.