Binance CEO Changpeng Zhao has apologized to the Ripple community for a negative post by CoinMarketCap towards Ripple. CoinMarketCap had shown XRP as a “fraudulent” in a survey on Twitter Here are the details…
Binance CEO apologizes to Ripple
CEO of the world’s largest exchange Binance and its founder, Changpeng Zhao (CZ), apologized to the Ripple community after cryptocurrency data platform CoinMarketCap made negative comments 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 promised that such an unfortunate event would not happen again. Zhao used the following statements:
I investigated. 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) among nine cryptocurrencies, which includes assets such as Bitcoin, Ethereum, Binance Coin and Ripple, Chainlink. So, the cryptocurrency data platform tried to make an adaptation of the popular 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 a rogue among the nine chosen cryptocurrencies. As reported as
Kriptokoin.com, the seventh largest cryptocurrency hub, behind CoinMarketCap, acquired by Binance in 2020, fraudulently chose XRP, the others decentralized acceptance factor. 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 important decisions about the future of the firm. Meanwhile, XRP is changing hands at $0.62, down 2.2 percent.
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