- Advertisement -

Musk chides Binance CEO on dogecoin glitch

13

Nov 23 (Reuters) – Tesla founder Elon Musk on Tuesday delivered a stinging rebuke to Binance Chief Executive Changpeng Zhao on Twitter after the cryptocurrency trade restricted withdrawals of meme-based digital forex dogecoin.

The cryptocurrency market has seen main fluctuations this yr, typically in response to Musk’s tweets. His feedback on dogecoin have fueled a dizzying rally within the cyptocurrency’s worth this yr.

“Hey @cz_binance, what’s going on with your doge customers? Sounds shady,” Musk tweeted on Tuesday.

Register now for FREE limitless entry to reuters.com

Binance responded saying it’s rebuilding its dogecoin pockets fully, leading to a delay in withdrawals that will proceed for one more week.

Binance, one of many largest cryptocurrency exchanges by buying and selling volumes, has come below scrutiny from regulators, in response to studies.

Cryptocurrencies have drawn the ire of regulators worldwide and but managed to commerce at file highs as traders rush to revenue from wild swings in costs.

Global regulators fear the rise in privately operated currencies might undermine their management of the monetary and financial methods, enhance systemic dangers, promote monetary crime and harm traders.

Register now for FREE limitless entry to reuters.com
Reporting by Manya Saini and Mehnaz Yasmin in Bengaluru; Editing by Saumyadeb Chakrabarty

- Advertisement -

- Advertisement -