Binance resumed DOGE withdrawals after suspending them earlier this month due to technical issues with the platform. As part of Binance’s statement, it said that it worked with Dogecoin (
$0.000 ) Core maintainers to “diagnose, solve, and prevent” the problem from recurring. Because Binance is the world’s largest cryptocurrency exchange by volume, the Dogecoin (
$0.000 ) market ran into a bottleneck as investors waited to make withdrawals. While the company had to build a new DOGE wallet to prevent conflicts with previous updates to the token, Elon Musk took to Twitter (TWTR@US) to criticize Binance for mistreating DOGE customers. In response, Changpeng Zhao, CEO of Binance, announced a “DogeOrTesla” contest, asking his Twitter followers if they would rather win a custom DOGE Tesla or $50,000 in Dogecoin (
$0.000 ) . At press time, Binance Coin was up 0.9% at $628.29.
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