Crypto News: Crypto Exchange Binance Confirms $500M Investment in Musk's Twitter Takeover

Binance, the world’s largest crypto exchange, confirmed its participation as an equity investor in Elon Musk’s $44 billion deal to purchase Twitter. “We're excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology,” Binance CEO Changpeng ‘CZ’ Zhao told in an emailed statement to Decrypt. Earlier this week, CZ confirmed Binance would stick to its earlier promise to commit $500 million towards Musk’s bid to buy Twitter, emphasizing that the deal would present a chance to help bridge social media and news into Web3. via: https://decrypt.co/113052/crypto-exchange-binance-confirms-500m-investment-musks-twitter-takeover

vya4slav's Recent Blog Posts

While the crypto market is shaken to its core by the failure of FTX, traditional financial institutions are taking a step into the world of digital currency. A group of banking institutions—…
2 years ago
The eventful past week, with how the FTX fiasco transpired will become a pivotal moment in Crypto that most of us will never forget. Whoever survives it, can proudly say "I survived FTX week…
2 years ago
Cryptocurrency exchange Liquid Global today said it is halting all withdrawals—both fiat and crypto—from the platform. “Fiat and crypto withdrawals have been suspended on Liquid Global in compliance…
2 years ago
Cryptocurrency issuer Paxos has frozen over $19 million worth of crypto assets tied to bankrupt exchange FTX at the direction of U.S. law enforcement, the company announced Saturday. The funds, 11,…
2 years ago
Users are fleeing exchanges and turning to non-custodial wallets amid FTX’s collapse. One wallet in particular, and its corresponding token, appear to be reaping the benefits. TWT, the native token…
2 years ago