12/19/2023 0 Comments Binance ceo tweet![]() Tips in Ether (ETH) are also supported at press time. Twitter currently supports Bitcoin (BTC) tips via the Lightning Network. Speaking on an AMA via Twitter Spaces on Tuesday, CZ opined that the social network should consider supporting a wide range of cryptocurrencies. Zhao verified that the leading crypto exchange invested $500 million to back Elon’s Twitter buyout. Notably, Binance confirmed its position as an equity investor in the deal. Anticipation and speculation flooded crypto Twitter timelines after Musk teased the meme coin community via a Halloween post.īinance CEO Changpeng Zhao shared insight on how Twitter might approach fielding support for digital currencies under the leadership of billionaire entrepreneur Elon Musk who recently acquired the social network for $44 billion.The Binance CEO opined that the social network now led by Elon Musk should explore onboarding several cryptocurrencies, not just Dogecoin and BNB.Changpeng Zhao spoke about Twitter and digital currency integration on an “Ask Me Anything” hosted on Tuesday.The exchange platform also stated that an added 4,833.25 BNB was part of the burn through its Pioneer Burn Program – a burning program that favours those who genuinely lost their digital assets. The move has left the market relatively unaffected, according to Blockchain.News. In another major development for the crypto exchange company, the Binance (BNB) Chain has successfully eliminated approximately 2,065,152.42 BNB or $548 million worth of BNB following its quarterly on Oct 14, 2022. Securities can be in the form of physical or digital assets.īitcoin's fund for miners has followed in the footsteps of Chinese crypto billionaire Jihan Wu, the founder of Bitmain, who set up a $250 million fund to buy distressed assets from bitcoin miners in September. ![]() The exchange is one of the few that remains strong and continues to hire during extreme market conditions.īinance also launched a $500 million fund on October 14 for private and publicly-listed bitcoin miners unable to cope with the ongoing downturn of the crypto-market conditions.Īccording to Blockchain.News, bitcoin miners applying for loans with Binance Pool - the company's mining service - must pledge security to obtain loans for 18 to 24 months. It offers a platform with over 350 cryptocurrencies to trade, 120 million users and a 24-hour trading volume worth $76 billion. Other investments made by Binance include the NFT ecosystem and fan tokens, along with traditional payment service providers.īinance is the largest cryptocurrency exchange on a global scale. ![]() It shows that Binance's investments have increased significantly, along with the size of the investments. ![]() Along with that, the company has also spent $200 million to invest in Forbes' media company.įurthermore, Binance has also contributed $500 million to the plan to buy Twitter of billionaire Elon Musk.Īccording to Binance, compared to 2021, the company has only spent $140 million on 73 projects, even though the crypto winter has lasted longer than expected. In early October, Binance poured $325 million into 67 projects such as Aptos or Sui. While in an interview with Bloomberg on October 8, CZ confirmed that Binance has spent more than $1 billion to invest in the quarter in 2022. According to Binance, DeFi and NFT projects are among the good options.Īccording to Binance, as previously revealed by CZ, choosing DeFi and NFT is a safer approach. (not financial advice)," his tweet said.Įarlier, CZ announced that the company will be spending more than $1 billion on potential investments and acquisitions this year. CEO Changpeng Zhao, commonly known as "CZ", announced via Twitter that Binance is investing heavily in DeFi or decentralised finance. ![]()
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