Binance resumes DOGE withdrawals days after Elon Musk’s comments
Binance users were not able to withdraw Dogecoin due to a “combination of unlikely factors,” the exchange said. Binance, one of the world’s largest cryptocurrency exchanges by daily trading volumes, has resumed Dogecoin (DOGE) withdrawals following a system glitch caused by the DOGE wallet upgrade.The exchange officially announced on Nov. 29 that it restarted DOGE withdrawals after experiencing a major issue where Binance users were unable to withdraw Dogecoin for 17 days.Additionally, 1,634 users on Binance were sent old transactions due to a conflict of several DOGE wallet versions. This....
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Binance has announced that it will be resuming Dogecoin withdrawals after limiting the capability for users on the platform. The announcement came on Monday when the crypto exchange revealed that it had finally solved the issues that led to it closing Dogecoin withdrawals in the first place. The crypto exchange also used the opportunity to […]
Billionaire Elon Musk is inching further toward his eventual takeover of Twitter and Dogecoin (DOGE) whales are positioning in preparation for the takeover. Musk’s deal to acquire the social media platform has been one fraught with roadblocks along the way, but the two parties have now reached an agreement to facilitate the purchase. Now, the […]
Cryptocurrency exchange Binance has explained its dogecoin issue which resulted in withdrawal suspension and Tesla CEO Elon Musk calling the problem “shady.” The exchange says it was a “rare issue” and no one was at fault.
Binance’s ‘Rare’ Dogecoin Issue, Withdrawals Resumed
Binance explained its dogecoin problem Monday, stating:
What began as a fairly straightforward upgrade, turned into an issue where Binance users were unable to withdraw DOGE for the last 17 days. In addition, 1,634 users were sent old transactions.
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Elon Musk buying Twitter for $44 billion boosts Dogecoin by 25% in the last 24 hours, but selloff risks persist. Dogecoin (DOGE) prices flipped higher in the last 24 hours after its most celebrated backer, Elon Musk, purchased Twitter for $44 billion. At its best, Dogecoin had climbed to $0.17 on April 25, albeit still down 77% from its record high in May 2021.Twitter’s native currency: Dogecoin?DOGE’s price rose by nearly 25% to $0.15 on a 24-hour adjusted timeframe, confirming that traders considered Musk’s acquisition of Twitter a bullish event for Dogecoin. The reason: Musk’s long-time....