World News

Binance reopens Dogecoin withdrawals after Elon Musk fight

Cryptocurrency exchange Binance has fully opened withdrawals of Dogecoin after a technical glitch that spurred a heated back-and-forth between Elon Musk and the cryptocurrency exchange’s Chief Executive Officer
Traders were unable to withdraw Dogecoin for more than two weeks because of problems related to a network upgrade.

The world’s biggest crypto exchange said that the glitch was ‘an unlikely and unfortunate coincidence’ and ‘not quite the shady circumstances that some had suggested.’


The back-and-forth is indicative of the sometimes chaotic nature of cryptocurrencies, especially when it comes to market infrastructure that’s had to rapidly scale to meet demand. Dogecoin, a memecoin that was created as a joke in 2013, is up more than 6,000% in the past year according to CoinGecko pricing, spurred by frenzied trading and wider cryptocurrency acceptance. The price was little changed Tuesday.

Binance acknowledged that users are “rightly” upset. But it isn’t yet clear how many of those users may have returned the coins, or if they have any incentive to do so.

Source: Reuters

In other news – Somizi Mhlongo proud of SA music being played in clubs in New York City

Local media personality Somizi Mhlongo was out and about during his trip in New York City and grooved to amapiano music.

Somizi

The “Living The Dream with Somizi” reality TV star went on a bestiecation with Ndo Maleho in the Big Apple recently. Learn more