In this week’s Market Report episode, Cointelegraph analysts discuss Binance’s recent woes and why Solana went down again.
In this week’s market report, Cointelegraph analysts discuss the recent fear, uncertainty and doubt (FUD) surrounding popular cryptocurrency exchange Binance and what Solana’s CEO had to say about the recent issues.
We start this week with big news
Binance CEO Responds to Forbes Comment: ‘They Don’t Know How the Exchange Works’
After the collapse of FTX, Forbes published an article about the recent commingling of funds on the cryptocurrency exchange Binance. But the next day, on February 28, Binance co-founder and CEO Changpeng “CZ” Zhao responded on Twitter. Our experts investigate what CZ was thinking and what exactly was the FUD surrounding Binance. Concerned if you are a Binance user?
Solana’s CEO handles network requirements issues that are voted on by the chain
Anatoly Jakovenko, founder and CEO of Solana Labs, denied that Solana’s network failures were due to the large number of validator messages and the strengthening of the consensus layer of the chain voting system. While the Solana Foundation confirmed in a February 27 post that the root cause of the recent 20-hour network outage remains unclear, the CEO responded that Solana’s decision to classify chain votes as transactions was a “huge” design. defect” is causing a lot of problems. We take a deep look at why Solana has had so many problems in the past and will continue to do so. We also read some of the crypto community’s responses to recent network outages.
Crypto lawyers are under fire for Gensler’s claim that all crypto is securities
Cryptocurrency advocates rejected comments from the head of the United States securities regulator, who said in a recent interview that all cryptocurrencies except Bitcoin
BTC is a slow mover
tickers are as follows
this is a jurisdiction dependent guarantee. Securities and Exchange Commission Chairman Gary Gensler said in a wide-ranging interview about crypto in New York Magazine on February 23 that “everything but Bitcoin” falls under the agency’s purview. Gensler may claim to rule the crypto sector, but fortunately for him and us, his views are not law. Our experts provide unbiased opinions on Gensler’s claims.
Our experts cover these and other developing stories, so stay tuned for the latest news from the crypto world.
Finally, I came up with the idea of Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts used Cointelegraph Markets Pro to identify two of this week’s most popular altcoins, so tune in to find out which ones made the cut.
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