{"id":33580,"date":"2022-10-30T09:19:04","date_gmt":"2022-10-30T09:19:04","guid":{"rendered":"http:\/\/egrowonline.com\/?p=33580"},"modified":"2022-10-30T09:19:04","modified_gmt":"2022-10-30T09:19:04","slug":"binance-may-form-a-team-to-support-twitters-blockchain-efforts","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=33580","title":{"rendered":"Binance may form a team to support Twitter\u2019s blockchain efforts"},"content":{"rendered":"


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According to reports on Oct. 28, crypto exchange Binance intends<\/a> to\u00a0create\u00a0a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk.<\/p>\n

The development came hours after Binance\u2019s founder and CEO,\u00a0Changpeng \u201cCZ\u201d Zhao<\/a>,\u00a0confirmed that the company had backed Musk with $500 million in financing, making the crypto exchange the fourth-biggest contributor to the takeover amid 19 investors that provided $7 billion to Tesla\u2019s founder. <\/p>\n

On Twitter, CZ confirmed that the money was wired earlier this week and clarified that the transaction was performed through traditional banking services using fiat currency, not via cryptocurrencies or blockchain protocols. <\/p>\n

In May 2022, the crypto exchange had indicated that it would co-invest on Twitter, alongside other investors including the Lawrence J. Ellison Revocable Trust, Sequoia Capital Fund and Fidelity Management. At the time, CZ classified the company\u2019s investment as a \u201csmall contribution to the cause.\u201d<\/p>\n

Musk, the billionaire CEO and founder of Tesla, officially announced the acquisition of Twitter on April 25, with the $44 billion transaction subject to the approval of Twitter stockholders and regulators. He previously stated that removing spam and scam bots, including those related to crypto, would be among his top priorities for the company.<\/p>\n

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I feel much more secure about my Twitter account now that Elon has sink’ed in there.<\/p>\n

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\u2014 CZ Binance (@cz_binance) October 27, 2022<\/a><\/p><\/blockquote>\n

Before partnering for Twitter\u2019s acquisition, Musk and CZ staged a brief battle on the platform<\/a>, when Musk pushed Binance to address Dogecoin (DOGE<\/a>) withdrawals issues last year.\u00a0<\/p>\n

On Oct. 27, Musk acquired the social network platform for $54.2 per share, bringing the total value of the deal close to $44 billion. The new owner fired the company\u2019s top executives as one of his first measures. Also as part of the deal, Musk is taking the company private, resulting in its stock\u00a0being delisted from the public market<\/a>.<\/p>\n<\/div>\n


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According to reports on Oct. 28, crypto exchange Binance intends to\u00a0create\u00a0a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk. The development came hours after Binance\u2019s founder and CEO,\u00a0Changpeng \u201cCZ\u201d Zhao,\u00a0confirmed that the company had backed Musk with $500 million in […]<\/p>\n","protected":false},"author":1,"featured_media":33581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[267,73,7830,1851,216,4329,2206],"class_list":["post-33580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-binance","tag-blockchain","tag-efforts","tag-form","tag-support","tag-team","tag-twitters"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvZTNiMmFjNzgtYTEzMS00ZDU2LTliZmQtNTc4OTQ4Y2Q1ZjkzLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33580"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33580\/revisions"}],"predecessor-version":[{"id":33582,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33580\/revisions\/33582"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/33581"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33580"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}