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

Russian President Vladimir Putin criticized the monopoly in global financial payment systems and called for an independent and blockchain-based settlement network on Nov 24, speaking at the…
1 year ago
Coinbase Chief Executive Brian Armstrong on Saturday condemned Sam Bankman-Fried’s account of how FTX found itself in an $8 billion hole. Armstrong said there is no way billions of dollars…
1 year ago
Private equity giant Apollo Global bought Verizon Media—a group that includes Yahoo Finance, Yahoo Sports, AOL, TechCrunch, Engadget, and Autoblog—in May 2021 for $5 billion. Now its revenue strategy…
1 year ago
Binance CEO Changpeng Zhao announced that the crypto exchange had paused withdrawals linked to a recent attack on Ankr. "Initial analysis is developer private key was hacked, and the…
1 year ago
DeFi protocol Ankr, which called itself the first ‘node-as-a-service’ platform, has suffered a multi-million dollar exploit due to a bug in its code that allowed for unlimited minting of its token…
1 year ago