In a significant change at Twitter's helm, Elon Musk announced the appointment of Linda Yaccarino as the platform's new CEO last week. The Last Word: It remains to be seen how these developments will impact the relationship between Zhao and Musk, and whether this will have any broader implications for the cryptocurrency industry. The investment is seen as a strategic move by the crypto exchange to establish a stronger presence on the social media platform and to contribute to the development of decentralized applications on Twitter.īinance's investment in Twitter signifies the increasing convergence of social media and blockchain technology, further solidifying the role of cryptocurrencies in the mainstream financial landscape. Zhao has not yet responded to Benzinga's request for comment on the move.Īdding another layer to this story is Binance's recent $500-million investment in Twitter. Zhao, the founder of Binance, is an influential figure in the cryptocurrency space and a frequent user of Twitter for his industry commentary and engagement with the crypto community. On the other side of this story is Binance, one of the world's largest cryptocurrency exchanges.
In a Twitter debate on March 29, Musk directly. Musk's active engagement with the cryptocurrency community and his support for the digital asset class has earned him a substantial following amongst cryptocurrency enthusiasts. The United States Federal Reserve has been too heavy-handed in taming inflation, said pro-Bitcoin ( BTC) Tesla and Twitter CEO Elon Musk. Sacks is best known for his role as the CEO of Yammer, a business-oriented social networking site acquired by Microsoft in 2012. His tweets and comments have been known to cause significant price fluctuations in digital currencies, particularly Bitcoin BTC/USD and Dogecoin DOGE/USD. The fourth possible candidate for Twitters CEO is David Sacks, the founder of Craft Ventures and former PayPal COO. Binance CEO Changpeng Zhao with a Twitter icon on his shoulder.
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Musk, Zhao And Crypto: Musk, the billionaire entrepreneur also known for his role as CEO of SpaceX, is a prominent figure in the cryptocurrency space. Meanwhile, Binance is advising Twitter on how to embrace Web3. When investing, your capital is at risk.In a surprising twist in the cryptocurrency industry, Binance founder Changpeng Zhao has reportedly unfollowed Tesla CEO Elon Musk on Twitter amid Musk's ongoing fascination with cryptocurrencies and the cryptocurrency exchange's recent substantial investment in the microblogging website. Notably, there is anticipation that Musk, due to his fondness of the dog token, will incorporate DOGE as a tipping mechanism on Twitter, similar to how Bitcoin ( BTC) and Ethereum ( ETH) are used.ĭisclaimer: The content on this site should not be considered investment advice. Previously, Musk’s tweets mentioning Dogecoin have sent the decentralized finance ( DeFi) token’s price soaring, and as the Twitter purchase approached, Dogecoin surged by 115% in a week to reclaim a 5-month high. These tweets are mostly related to Bitcoin ( BTC) and meme token Dogecoin ( DOGE), including the post from March 24, 2021, in which he announced that people could buy a Tesla car with Bitcoin. A recent study showed that Musk is the author of the most popular tweets that have mentioned cryptocurrencies over the last couple of years.Ĭrypto-related posts on Twitter that were shared most frequently and that had the highest number of engagements over the past two years were tweeted by Elon Musk. It’s no secret that Tesla (NASDAQ: TSLA) CEO Elon Musk is passionate about the cryptocurrency sector, so Binance’s support shouldn’t come as a surprise. Il prezzo in tempo reale di Elon Musk CEO è 0.000001 per (ELONMUSKCEO / USD) con una capitalizzazione di mercato attuale di 0 USD. “We want to help sove immediate problems like charging for membership etc, this can be done very easily and globally using cryptocurrencies as a means of payment.” Twitter’s most popular crypto posts wrote by Musk There are also more tactical things, like we want to help bring Twitter into Web3.”
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“We want to make sure that crypto has a seat at the table when it comes to free speech.
During the interview, the Binance CEO emphasized in his reasons for supporting the deal that Twitter is a global free speech platform with strong entrepreneurship he also added that he also uses Twitter ‘very heavily.’ĬZ also stressed that he wants to make sure that crypto has a seat at the table regarding issues of free speech, but also, the exchange can also benefit Twitter by helping it adopt crypto as a means of payment for things such as memberships. Speaking with CNBC’s Squawk Box on October 31, CZ stated there are many reasons for supporting the deal, in which Binance invested $500 million into Musk’s purchase of Twitter.
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