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

The Treasury Department has refused to answer a Republican lawmaker’s questions about the blacklisting of coin mixer Tornado Cash. Congressman Tom Emmer (MN-06) wrote a letter to the Department of…
1 year ago
Binance, the world’s largest crypto exchange, admitted Tuesday to flaws in its system that left its supply of Binance Smart Chain BUSD—one of the company’s stablecoins, which is purportedly backed…
1 year ago
Binance’s proximity to its collapsed competitor FTX has given federal prosecutors reason to seek new information in their 4-year-old investigation into the world’s largest crypto exchange. Over the…
1 year ago
Crypto fund investors are still feeling pretty pessimistic about the crypto industry, research shows—but not when it comes to XRP. A Monday report by CoinShares said that despite $9.7 million in…
1 year ago
Washington CNN Business — Meta has been fined roughly $275 million by Ireland’s data privacy regulator for failing to prevent hackers from siphoning off personal information from more than 500…
1 year ago