Binance CEO Apologizes To This Altcoin: Sorry!

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Binance CEO Changpeng Zhao has apologized to the Ripple community for a negative post by CoinMarketCap towards Ripple. CoinMarketCap showed XRP as a “fraudulent” in a survey on Twitter Here are the details…

Binance CEO apologizes to Ripple

The world’s largest exchange Changpeng Zhao (CZ), CEO and founder of Binance, has apologized to the Ripple community in the wake of negative comments made by cryptocurrency data platform CoinMarketCap against XRP. CZ conducted an investigation into where the negative comment from Binance-owned CoinMarketCap came from, and the post was said to have been made by an employee who has just joined the company. CZ apologized to the XRP community and said that such an unfortunate event will not happen again. Zhao used the following words:

I inquired. The fault of a new employee. Now all the managers know. It won’t happen again. I’m sorry for this. As platforms, we must remain as neutral as possible.

What happened?

Yesterday, in a Twitter post, CoinMarketCap asked its followers to select the “imposter” (imposter) in the middle of nine cryptocurrencies, which includes assets such as Bitcoin, Ethereum, Binance Coin and Ripple, Chainlink. In other words, the cryptocurrency data platform tried to make an adaptation of the well-known game “Among Us” in its Twitter post. After the cryptocurrency community made their choices mostly based on personal feelings, everyone was shocked when it was discovered that Ripple was the crook in the middle of the nine selected cryptocurrencies.

Kriptokoin.com , the seventh largest crypto behind CoinMarketCap, which was acquired by Binance in 2020, chose XRP as a fraudulent centralized currency, decentralized acceptance of others. For CoinMarketCap, Ripple is in a centralized state; because the founders and developers of the project own a large percentage, more than 50 percent, of the total supply of the cryptocurrency. CMC stated that with Ripple executives controlling more than 50 percent of the XRP token supply, the executives of the blockchain company will have the upper hand when making valuable decisions about the future of the firm. Meanwhile, XRP is changing hands at $0.62, down 2.2 percent.

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