Tesla billionaire, Elon Musk’s favorite dogecoin was facing an issue for a few weeks, the technical glitch has prevented Binance users from making any withdrawal from the exchange. This issue was resolved after a heated exchange of tweets between Binance CEO, CZ, and Musk.
In past, CZ did not have a friendly exchange of words with SpaceX’s founder. Elon Musk has accused Binance of not providing proper services to the users. The Binance CEO has dealt all the accusations with facts, the recent glitch in Dogecoin withdrawal implied a matter of negligence.
The technical issue related to Doge withdrawal was later resolved and Binance also clarified the probable cause of this issue and emphasized that no one at Binance or Doge devs was aware of it. The official handle of Binance tweeted a blog post containing the nuances of this issue.
Dogecoin was launched back in 2013 as a fork of Litecoin with a meme theme. It gained traction after the Tesla CEO showed interest in this meme coin and officially confirmed that he holds a good amount of Dogecoin. There is plenty of meme-based coins that have been launched since Dogecoin gain global popularity, however except Shiba Inu that is being called ‘Dogecoin Killer’ none of the coin based on meme theme has gained popularity near to Dogecoin.
Gargi Sinha is working as Senior Journalist at Confea. She has completed her Masters in Journalism from Delhi University. She has interest in crypto and blockchain technology.