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Binance's Curious 'Wink' to Elon Musk: Invests500 Million in Twitter

Categories: Crypto News US

Binance has reportedly backed Elon Musk's purchase of Twitter (NYSE:TWTR), and is doing so with a €500m investment, the cryptocurrency exchange said."We are excited to be able to help Elon realise a new vision for Twitter," said Changpeng Zhao, CEO of Binance, in a statement."We hope to play a role in bringing social networks and Web3 together and in expanding the use and adoption of cryptographic and blockchain technology," Zhao added.

Binance's aim with its participation in Elon Musk's $44 billion acquisition of Twitter could thus boost the hopes of digital currency 'evangelists' for the development of a more "decentralised" and crypto-friendly social networking platform.Binance's founder is a firm believer in the crypto world's vision of a new kind of internet, known as Web3. It's a poorly defined term, but Web3 as a concept refers to new web experiences built around blockchain, the technology that underpins many cryptocurrencies.

Such services could incorporate digital tokens such as non-fungible tokens or NFTs; the cryptographic equivalent of collectible items such as rare art or stickers, in areas such as social networking, web browsers, or video games.Binance's investment is part of a $7bn funding pledge to back the Tesla CEO's bid to buy Twitter. Oracle co-founder Larry Ellison and venture capital firm Sequoia are among other investors.Binance is the world's largest cryptocurrency exchange site, with 1.2 million transactions per second.


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ETH price momentum fades after $1.6K rejection Published at:- Hacker exploits 'Audacious' for $1 million in malicious governance proposal Published at:- One billion crypto users by 2030 predict 'lots of growth to come' Published at:- Sandbox Maker 'Animoca Brands' Launches DAO to Develop Metaverse Interoperability Standards Published at:- Australian inflation hits 21-year high as cryptocurrency markets eclipse $1 trillion Published at:- Renowned Ivy League Business School ‘Wharton’ Launches Metaverse Certification Published at:- Kraken Under Fire for Alleged Iran Sanctions Violations, Kraken Allows Iranian Users to Access Published at:- Bored app creators 'Era Labs' hit by class-action lawsuit alleging inflated prices Published at:- The Man Who Lost 8000 BTC Revealed Robot Dog Masterplan To Recover Fortune Published at:- Japan's Ministry of Economy launches Web3 Policy Office Published at:- Ethereum Tests $1500 Amid Successful Deployment of Tenth 'Shadow Fork' Published at:- Australian blockchain company Irreversible X lays off employees amid crypto crunch Published at:- Argentine football club welcomes first crypto signing amid economic downturn Published at:- Daily Active Dogecoin Addresses Surged 265% in Two Months, Data Shows Published at:- Ethereum Merge Update: Community Hopes End With 2022 Merger Complete Published at:- Japan’s Ministry of Economy Launches Web3 Policy Office Published at:- Ethereum Tests $1500 Amid Successful Deployment of Tenth 'Shadow Fork' Published at:- Football heavyweight Inter sweats over 'non-payment' of crypto firm's sponsorship deal Published at:- KuCoin Becomes First Exchange to Offer NFT ETFs Published at:- Cardano Vassil hard fork upgrade delayed again, 'more testing needed' Published at:- Axi Infinity CEO Turns $3 Million in Before Revealing Record $622 Million Hack Published at:- Tough week for Robinhood: 25% of staff cuts and $30 million fine for money laundering violation Published at:- North Korean hackers use fake resumes to get hired and steal crypto Published at:- Victorian State Parliament Moves to Give Police Broader Power to Seize Crypto Published at:- Huobi Global Exchange gets green light to operate in Australia Published at:- Galloy Introduces 'Stablesat', Bringing US Dollars to the Lightning Network Published at:- 'Ethical' hacker returned $9 million from nomadic exploits worth $190 million Published at:- Galoy Introduces ‘Stablesats’, Bringing US Dollars to the Lightning Network Published at:- Australia's BetaShares Launches Metaverse-Focused ETF on the ASX Published at:- Australia-based crypto miner doubles hash rate after energizing Canadian rigs Australia Published at:- Elon Musk challenges Twitter CEO to public debate over fake accounts and spam bots Published at:- Security Architecture in Blockchain Technology Published at:- How Safe is Blockchain? Blockchain Security Guide Published at:- U.S. Dollar And Bitcoin On The Rise, USDCAD Under Pressure Published at:- Strike’s new Visa Card allows payments in Bitcoin Published at:- Here are some diferent types of cryptocurrencies Types of Altcoins Published at:- What's the difference between a cryptocurrency like Bitcoin and fiat money? Published at:- World of Web3 (WOW) Summit Returns for its 3rd Global Edition in Europe Published at:- With Public Beta Launch, Emergents TCG Unveils Super-Rare NFT Card Packs & Exclusive Art Published at:- What Are the Different Types of Crypto? Published at:- What Are Crypto Coins? Published at:- What is XRP and how to use this coin Published at:- What is Binance USD BUSD and how to use this stable coin Published at:- What is Cardano ADA and which type of token is this Published at:- What is Solana SOL and how it works Published at:- Crypto Advertising Investments Fall From dollar85 Million to dollar36K in the US Published at:- Coinbase CSO responds to dollar5 million lawsuit claims Published at:- CEO Bankman Fried Says FTX has No Plans to Acquire Chinas Huobi Published at:- Bitcoin Binance Coin XRP and Solana Daily Price Analyses 30 August Morning Price Prediction Published at:- What are the three major benefits of cryptocurrencies to the entertainment industry Published at:- What does the future hold for cryptocurrency in the entertainment industry Published at:- Crypto Researcher Says Post Ethereums Merge Bitcoin Could Be Regulated Away Published at:- BofA Says Crypto Exchange Binance to Benefit From Increased Supply of Its own Stablecoin Published at:- Cardano price analysis ADA increases value by 5percent after a strong bullish wave Published at:- Experts Take On Ethereums Prospects After The Ethereum Merge Published at:- White House releases inaugural framework for crypto regulation Published at:- Pros and Cons of Altcoins ,Pros of Altcoins Explained Or Cons of Altcoin Explained Published at:- Ethereum upgrade makes it ultrasound money of the future Published at:- Exchange Giant Coinbase Wins Dutch Crypto License Published at:- Austrailia s Financial Watchdog Expands Team to Better Regulate Crypto Published at:- Dogecoin And Flow Fall As Chronoly Sells Almost 225 Million Tokens Published at:- Ethereums transaction fee sets a new record the L2s cant keep calm Published at:- Lunc Is Most Unprofitable Crypto Among Top 100 20 Eth Validators Slashed Xrp Surges 58percent In Week Published at:- Terra Classic surges 50percent as Binance offers token burning mechanism Published at:- Terraform Labs Terms the Ongoing Do Kwon Investigation As Highly Politicized Published at:- Cryptocurrencies in a Strong Uptrend to Buy on the Next Dip Published at:- Australia embraces CBDCs but where does Ethereum come in Published at:- Lack of 'qualified people without more Web3 education say academics Published at:- Kim Kardashian settles charges for unlawfully touting crypto security Published at:- How Binance is Training Law Enforcement Around the World to Combat Crypto Crime Published at:- Aave DAO favors fresh deployment of its latest version on Ethereum Published at:- Earning NFTs as Rewards Could Get Gamers Involved in Crypto Published at:- SEC Chair Violates Protocol on Kim Kardashian Settlement Published at:- Partnership Sealed to Power Malaysias National Blockchain Infrastructure Published at:- Scammers are targeting cryptocurrency scam sites to hijack their target audience Published at:- Fidelity Launches Ethereum Index Fund Lets Clients Looking for Exposure to Digital Assets Beyond BTC Published at:- Elon Musk needs to fabricate X Application for 8 billion individuals Will Wave XRP or Ethereum ETH be the cash Published at:- Coinbase joins Ethereum Establishment to further develop ETH exchange speed and cost Published at:- This Bitcoin BTC metric is high and whales might have something to do with it Published at:- Markets Bitcoin rises yet stays beneath US dollar 20000 Ether gains XRP leads crypto top 10 Published at:- Kazakhstan Assembly Pushes New Crypto Rules Forward Published at:- Arbitrums Proprietors Procure Key Ethereum Improvement Group Published at:- Bitcoin Agent NYDIG Says Monetary record Serious areas of strength for is 33 Staff Cut: WSJ Published at:- The most anticipated NFT round of 2022 is currently on Presale Published at:- Institutional crypto reception requires vigorous investigation for illegal tax avoidance Published at:- Aussie government financial plan reaffirms BTC won't be treated as unfamiliar cash Published at:- Hong Kong set to legitimize retail crypto exchanging Published at:- UK High Court closes down PGI Worldwide for affirmed crypto trick Published at:- Australia necessities to move with the times Crypto industry reactions to the government spending plan Published at:- ASIC Sues Monetary Firm Over Aussie Crypto Token Qoin Published at:- Crypto Money lender Hodlnaut Lost Nearly dollar190 Million in Land Crash Published at:- GameStop Dispatches NFT Commercial center on ImmutableX Published at:- Stepns New Solana Ethereum NFT Commercial center Avoids Enemies of Sovereignties Pattern Published at:- Rich youthful Americans have lost trust in the financial exchange — and are wagering on these 3 resources all things being equal. Get in now for solid long haul tailwinds Published at:- Coinbase Looks to Help Ripple Against SEC Published at:- Crypto choices trade Deribit hacked for dollar28 million Published at:- Green Crypto IMPT Raises dollar12 Million as Financial backers Gobble up Tokens Published at:- Bitcoin Ether costs rise Polygon leads top 10 in gains Doge Shib retreat Published at:- The Japanese Advanced Service Reports the Development of Its Own DAO Published at:- Japans Computerized Organization dispatches DAO to investigate DAOs and Web3 Published at:- Instagram to permit makers to mint and sell NFTs through the stage Published at:- ASICs Longo promises activity against certain high risk crypto items Published at:- Joe Biden discontent with Elon Musk for purchasing a stage that regurgitates lies Published at:- Safemoon detonates 92percent prior to crashing down 40percent in the midst of outrageous end of the week unpredictability Published at:- US SEC Charges 4 For Cheating Clients dollar295 Million Published at:- Binance purchases FTX Reports on what it implies for the crypto business Published at:- Binance Confirmation of Hold promise acquires support following FTX emergency Published at:- Bitcoin hits year low, Ether droops as Binance salvage of FTX startles financial backers Published at:- Ethereum In the midst of FTX Emergency ETH Plunges 22percent All the more Terrible News Coming Published at:- FTX says it is eliminating exchanging withdrawals or FTX programmer actually depleting trade wallets Published at:- Crypto Is not Dead Regardless of the situation Says YouTuber Bitboy Published at:- Solana SOL Organizer Reveals Huge Blockchain Update Published at:- Crypto Global Is Currently Accessible for Exchanging on LBank Trade Published at:- The cost of these tokens can increment multiple times by 2025, the ideal opportunity to contribute Published at:- Cryptographic money agent Beginning cautions of liquidation because of liquidity crunch Published at:- Top Crypto Information Stage Dispatches Confirmation of Hold Tracker for crypto trade Published at:- Dogecoin leads large caps during flat 24 hours Crypto Daily Market Update Published at:- North of 100 Captures Made in Greatest Ever Extortion Operation in crypto trick by UK Cyber crime Published at:- Worldwide Business sectors Down Will China Turmoil Trigger Next Bitcoin Rectification Published at:- Once more crypto Will Develop Here is When or Here Are Potential Reasons SHIB Value Plans Significant Move Published at:- Brazil Sanctions Crypto as an Installment Technique Published at:- Bitcoin and crypto ascend after Took care of Seat Powell hints facilitating rate climbs Published at:- Metamask is pioneer view about Apple is strategy and he remarks on Apple interest for a 30percent cut of the NFT gas expense Published at:- Bitcoin plunges back underneath US dollar 17000 Ether falls Dogecoin Published at:- Coin Check Needs a Stock Trade Posting Published at:- Coca Cola is sending off FIFA World Cup NFTs from match heatmaps Published at:- Here is The Rundown Of Nations That Thinks about Bitcoin Legitimate Or Unlawful Published at:- Bitcoin Ethereum Algorand and VeChain Everyday Value Examinations Published at:- Bitcoin and Ether ascend in sluggish exchanging the Solana gains on Web3 game organization Published at:- Crypto need not bother with the FTX of the world Published at:- SEC urges Firms crypto organizations to reveal openness in ongoing business sector breakdown Published at:- Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin Published at:- Kenya Based Bitcoin Mining Organization Raises dollar2 Million in Seed Venture Drove by Jack Dorsey Possessed Firm Published at:- Sam Bankman Fried misses deadline to respond to Senate Committee hearing Published at:- Bitcoin or Ether drop as SEC of Gensler says crypto firms using up all available time to consent to protections regulations Published at:- Wolf Of Money Road Encourages Crypto Financial backers To Cling to Bitcoin And 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at:- Whale Moves Ethereum ETH To Binance From Liquidity Pools Dump Coming Published at:- Nexo office in Bulgaria assaulted over misrepresentation or illegal tax avoidance doubt Published at:- India is National Bank Head Calls for Cover Prohibition on Crypto Published at:- Once more or bitcoin Excavator GRIID is NYSE Appearance Postponed Published at:- World Monetary Gathering distributes toolbox for DAOs or What does it involve Published at:- Singapore based crypto unicorn Amber Group slashes Hong Kong workforce Published at:- Unraveling ApeCoin is high MVRV proportion and late information break Published at:- XRP Bitcoin and Ethereum Five Years Time Forecast Published at:- Top 4 Inquiries That Are Often Posed About NFT Marking Published at:- Blockchain Fest Singapore 2023 reports sponsorship Published at:- Negative Pointer Are Huge Players Presently not Intrigued by Bitcoin and Bitcoin Stores Dropping Published at:- Bitcoin edges higher Ether minimal changed XRP Polkadot post solid 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