<span style="font-weight: 400">Elon Musk has given a strong reaction to the CEO of Binance over the Dogecoin malfunction. As the value of Dogecoin has soared since he <a href="https://www.cryptoknowmics.com/news/elon-musk-joins-dogecoin-creator-to-condemn-u-s-inflation/">remarked</a> about it earlier this year, setting off a chain reaction. The cryptocurrency market has seen significant fluctuations, typically in reaction to tweets from Elon Musk.</span>
<h2><span style="font-weight: 400">Elon Musk Chastises the CEO of Binance over the Dogecoin glitch</span></h2>
<span style="font-weight: 400">Twitter user Elon Musk slammed Binance CEO Changpeng Zhao's decision to ban dogecoin cryptocurrency withdrawals, a meme-based digital currency popular among young people.</span>

<span style="font-weight: 400">This year, the cryptocurrency market has experienced <a href="https://economictimes.indiatimes.com/markets/cryptocurrency/musk-chides-binance-ceo-on-dogecoin-glitch/articleshow/87879947.cms" target="_blank" rel="nofollow noopener">dramatic</a> shifts in reaction to tweets from Tesla CEO Elon Musk. He has driven a stratospheric rise in dogecoin's value this year with his statements.</span>

<span style="font-weight: 400">There has been a delay in withdrawals for the last week since Binance is rebuilding its dogecoin wallet entirely. Binance, a major <a href="https://www.cryptoknowmics.com/news/cryptocurrency-exchange-binance-steps-up-base-plans-in-ireland/">cryptocurrency exchange</a> in terms of trading volume, has reportedly come under regulatory investigation.</span>
<h2><span style="font-weight: 400">Volatility of cryptocurrencies </span></h2>
<span style="font-weight: 400">Investors are rushing to benefit from the volatility of the price of cryptocurrencies. Despite the wrath of authorities across the globe, the action continues to happen.</span>

<span style="font-weight: 400">Authorities throughout the globe are concerned that the rise of privately managed currencies would erode government control of the financial and monetary systems, posing systemic concerns, encouraging financial crime, and harming investors.</span>

Elon Musk Chastises the CEO of Binance over the Dogecoin Malfunction

Elon Musk has given a strong reaction to the CEO of Binance over the Dogecoin malfunction as the platform bans DOGE's withdrawals temporarily.

Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

Elon Musk Chastises the CEO of Binance over the Dogecoin Malfunction

Top Picks