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

After the shocking collapse of FTX, other centralized crypto exchanges are under the microscope, and Crypto.com customers are concerned after CEO Kris Marszalek acknowledged that his exchange…
2 years ago
In an extraordinary panel organized at the end of the first day of LaBitConf 2022 in Buenos Aires, Ethereum founder Vitalik Buterin and Bitcoiners Jimmy Song and Samson Mow discussed the state of the…
2 years ago
Los Angeles, United States, Nov. 8, 2022, Chainwire Key Takeaways Salil Shah, former Meta and Pinterest executive, has joined DeSo, a new blockchain platform that has raised $200 million from Sequoia…
2 years ago
he FTX crisis appears to have concluded. In a press release shared on Twitter, the crypto exchange announced that it had filed for Chapter 11 bankruptcy "to begin an orderly process to…
2 years ago
he crypto market is deep in the red Thursday morning as the industry continues to reel from the fallout of Sam Bankman-Fried’s empire and Binance's decision to walk away from the earlier…
2 years ago