![]() Asked about other ideas Musk has for the platform, Zhao said: “Elon Musk is a very hard guy to predict. San Francisco, Nov 2 (Ians) Leading cryptocurrency exchange Binances CEO Changpeng Zhao has said that his company invested 500 million in Elon Musks. “I want to invest in products that are important for our industry.” Musk said on Tuesday Twitter would charge $8 for its Blue Tick service, which includes its sought-after “verified” badge in his push to monetize the service and make the social media network less reliant on ads. “I’m a heavy Twitter user,” Zhao said, adding that Binance planned to be a long-term investor in the platform. Binance said last week it is creating a team to work on how blockchain and crypto could be helpful to Twitter. ![]() Most of his co-investors in the $44 billion deal are funded such as Sequoia Capital, Fidelity Management, Andreessen Horowitz, and Brookfield. ![]() However, It is unclear how actively involved co-investors like Binance could be in Twitter’s future as a minority investor since Musk fully controls the board and decision-making in the now-private Twitter. Musk’s Twitter takeover saga came to an end on Thursday when the deal officially closed after months of twists and turns in and outside the courtroom, and Musk immediately fired top executives at the platform.īinance CEO sees no threat to crypto from central banks’ digital currencies. “It is an important free speech platform – that’s the number one reason,” he added. “Number one is that we want to be extremely supportive of free speech,” Zhao said at the opening event of Europe’s largest tech conference, the Web Summit, in Lisbon, adding that Twitter is “where people express their opinions”. Binance CEO Changpeng Zhao, known as CZ, who is an active Twitter user with over 7 million followers, said there were “very strong reasons” why he invested in the platform. The chief executive of Binance, the world’s largest crypto exchange, said he was “extremely supportive” of freedom of speech and that was the main reason why his company decided to invest $500 million into Elon Musk’s buyout of Twitter Inc. I can see it clearly myself, and especially now with Elon at the helm, we’re very confident.Elon has successfully taken over Twitter and Binance CEO is backing him for free speech So, I think the platform has huge value itself. Binance.US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an iterim basis by Chief Legal Officer Norman Reed. amid potential concerns from Washington about foreign. There’s many tactical problems, like the bots that spam my comments. Binance Holdings Ltd.’s chief executive officer said he thinks he will stick with Elon Musk’s proposed 44 billion buyout of Twitter Inc. That sum is simply a blank check, CEO Changpeng Zhao told the. I believe Twitter has not been monetized well. Binance, the world's largest cryptocurrency exchange, is investing 500 million as part of Elon Musk's deal to take Twitter private. “ I think Elon’s definitely one of the main factors, but the Twitter platform itself is very strong. Will support whatever Elon Musk decides: Binances CEO Changpeng Zhao on Twitter takeover New Delhi : The chief executive of world’s leading cryptocurrency exchange Binance has vowed to stand by Tesla CEO Elon Musk on whatever his decision be regarding the 44 billion Twitter deal, over which the latter is engaged in a legal battle. When asked to go into more detail with regard to the reasons for investing in Twitter, CZ said: That can be done very easily globally using cryptocurrencies as a means of payments.“ Binance CEO Changpeng 'CZ' Zhao said he anticipates about 90 of Elon Musks ideas for Twitter will fail. ![]() And we want to help solve the immediate problems, like… charging for memberships, etc. And there are more tactical things like we want to help bring Twitter into Web3 when they’re ready. Twitter is a tool that I use personally very heavily, and we want to make sure that crypto has a seat at the table when it comes to free speech. The live price of Elon Musk CEO is <0.000001 per (ELONMUSKCEO / USD) today with a current market cap of 0 USD. Changpeng Zhao, the CEO of cryptocurrency exchange website Binance, has taken to Twitter to take on criticisms of the digital money’s energy use and apparently subtweet Tesla CEO Elon Musk. Here to talk about that prospect Changpeng Zhao, founder and CEO of Binance, and our very own crypto reporter David. Binance says it hopes to help Twitter by better incorporating crypto into the platform. “ We want to support strong entrepreneurs. BRIAN SOZZI: Cryptocurrency exchange Binance helping to fund Elon Musks deal for Twitter to the tune of 500 million. Twitter is a free speech platform, which is global, which is extremely important. There are many reasons for supporting the deal. “ The deal was put together a few months back… and we haven’t changed our position.
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