Bitcoin Forum

After Binance bought into Forbes magazine on February of this year, it appears Changpeng Zhao is buying into another valuable maintream company. This time it is Twitter, a platform where much of the venture capitalists, founders, whales and influencers of the cryptospace share their thoughts, their predictions and their speculations. It appears that with Binance's investments outside of the cryptospace, it has only one direction to go and this is going up only hehehe.

https://i.ibb.co/PCZByJv/AFF33473-5-F56-482-D-B6-A3-A51-A1-BF2096-D.jpg

Crypto exchange giant Binance is among a dozen outside investors backing Elon Musk's $44 billion takeover of Twitter, according to a filing published on Thursday.

The amended 13-D, filed to the Securities and Exchange Commission revealed a $500 million commitment from Binance.

Read in full https://www.theblockcrypto.com/linked/145221/binance-joins-funding-for-elon-musks-takeover-of-twitter

I read this yesterday and I still don't know what to make of it. I doubt this is just about supporting free speech or whatever. Knowing CZ from his previous actions, he won't do this without any business motive in mind. Will we see Binance plastered all over Twitter ads? Will it become the exclusive crypto exchange? Or maybe Twitters users can use their account to create account in Binance?

Twitter users using their accounts to create Binance profile is not safe, most hacks that happens aren't direct to the platform but social media, taking over peoples account on Twitter is more easier than hacking binance accounts direct, CZ can't that be stupid enough to think its a good idea.

If CZ does what he did to coinmarketcap, then you can abandon all the hope for good. I had no problems with Elon’s twitter takeover but CZ is a whole different situation. Look at CMC, it looks like a whorehouse. I disabled countless ads with my adblocker to make it look right (which is the 90% of the current content)

You are exaggerating a bit, many websites/portals look much worse than CMC. For me, the most important thing is that the portal fulfills its function and does not allow any scams to advertise. Every business is about earning money, so advertising is no wonder.

It's all about business that's for sure, maybe you can link your Binance to your Twitter account and vice versa. And maybe it will only be the platform that you can used if you want to tip someone in Twitter. There is a lot of things that CZ can utilized Twitter platform to make his Binance move closer to even ordinary people or non crypto individual but using Twitter.

Then tell us how to make a better coinmarketcap, there is nothing he can do about coinmarketcap because CMC is doing what it should be doing, its a platform for crypto coins and tokens information, its not an investment platform where they can battle scammers, let's not blame CZ for what CMC is.

CZ is a real businessman, his venture is becoming scattered and that's the right thing to do. He should also dive into investments and companies not related to cryptocurrencies. But as we know, Jack Dorsey endorsed, and it's likely that there will be an integration with crypto through Twitter.
By the way, I've read that picture was posted on Twitter and CZ replied that he doesn't know that guy.  :P
Well, I'm expecting that there will be more ventures and investments that Binance will do if there's an opportunity to make.

Well who knows? Aside from the free speech, I read that Elon also plans to open source Twitter which could become helpful in improving account security. Adding Twitter as one of the log-in option might not happen but he's most likely planning on leveraging this platform to benefit Binance in the future.

yes you're right, I'm getting pessimistic if CZ starts joining. I don't want the Coinmarketcap incident to happen again. Even though my expectations were very high when Elon Musk acquired Twitter, I think that in the future Twitter will become a spam-free social media platform. but when I read the news that CZ started to join for twitter funding, my hopes started to fade.

I am using coinmarketcap with brave so i guess i am missing all the ads but i personally thought cmc went way better after binance bought it. Rating system was fooled by fake volume all the time. "chat" experiment next of the coins however has failed horribly.

So CZ will be acquired some shares from there and he will be a part of twitter owners. I would not be surprised to see CZ was doing another expansion again and with the biggest crypto exchange site in the world and CZ is trying to take more and more opportunity to get his shares into the important field like twitter. If cz was doing it and is not it binance will be started to monopoly everything right now? How many funds owned by binance. This company is owning bunch of money and i remember binance was also giving funding for axie as well.
This company has a very big reserved funds lol

Good decision from CZ, if it's true as well that twitter will be clean and safe for all users like what elon musk said after he bought the platform. However if it remains the same after all, surely twitter will become their worst nightmare as its very common for crypto currency advertiser, scammers and for sure hackers will be the problem as well.

Let's hope that doesn't really happen and we need to keep up to date with the latest news,
I don't think you're the only one who has high expectations because I saw a lot of people doing the same thing when they saw that Twitter was bought by Elon Musk.
and I don't think there's anything wrong with that either

Binance seems to keep growing and growing and is already spreading outside of the crypto space with it's investements. I am not a big fan of Binance to be honest because it is never good if one company or institution controlls to much within an environment. I also was not happy when Binance bought coinmarketcap a while ago because now this site is also not neutral anymore but just another tool for Binance to avertise for their own platform and to get new users onto their exchange. For example with all those airdrop lotteries that are going on now on coinmarketcap where only a few people win in the end but everyone has to have an Binance account in order to participate.

It only tells us that all news and social crypto resources will be owned by a few big billionaires and they will impose their opinion on you and block or prevent all opponents. Take care of this forum, I hope it will never be sold to Elon Musk and others.

Everything that Binance touches, in terms of purchases, subsequently begins to work strangely. Remember CoinMarketCap, as soon as Binance bought it, it started showing false data and the service turned into a manipulative device working primarily for Binance interests. It's the same with Twitter. I think the purchases of such services will be used in further manipulation, because it is access to a multimillion-dollar audience.

https://i.imgur.com/bE5uH2d.png

^ This is how I see CMC now thanks to my uBlockOrigin. Deleted the footer completely too. I hated everything CZ did to this website. It used to be a nice tool to track crypto prices and get information (still is if you do what I did), after CZ bought it, CMC turned into a shitcoin ad platform. Bots are spamming shitcoins in the chatbox, random video player shitcoin shill talking it is simply disgusting.

edit: Now I realized I haven't deleted the little "buy" buttons. Just did that too.

edit2: this is how it looks like w/o adblocker: https://i.imgur.com/Eep6Ilp.png

Have confirmed and that true information after social media twitter Binance tweet about join funding for Elon Musk takeover twitter, right now both site have the same mission although last several moths have bad communicating each other. But bad news after Binance announce it with bitcoin price back drop under $36,000. I don't see good news when Elon Musk takeover twitter social media and not impact directly for bitcoin can reach to higher price again and always correcting almost on this week.

I am hoping that this brings cryptocurrencies even closer to twitter as it was crypto mecca before, now it could be official backed by owners. I can see nfts coming a big part of the twitter infrastructure if they play it right.

That is something it looks great for Binance but I'm not going to say the community will get benefit from this.
At this time, I see huge manipulation that will happen in the crypto market and inside Binance. Now, I was thinking about the participation of EM in this know exchanger. Perhaps, there is no evidence that could prove it, however, this news, somewhat shows something unexpected strong connection between the two that we never know before.

Of course, we don't expect this will help to make recover Bitcoin as the intent of Elon Musk in acquiring Twitter is not about Bitcoin. If ever he promotes crypto, He'll do it first with Dogecoin as his favorite.

I very much agree. Free speech will be part of their agenda to improve the platform but it will also certainly be about more visible advertisements that would favor Binance more than their competitors. However, it will be nothing undisguised similar to what you have mentioned. I reckon it will be the same twitter experience, only with more Binance and Tesla ads hehehe.

If that is the case, then not sure if Twitter will still be the go to media platform as far as getting the news very quick with this ads coming from Binance, specially for non-crypto members of Twitter. Going to be annoying as hell and perhaps they will go and move to other social media platforms without this big banners and ads.

I'm not surprised that happened, even if the richest person in the world like him teamed up with the owner of Binance to take over Twitter it really really benefits them. I don't know if CZ and Elon Musk have known each other for a long time or they are just normal business partners, but if that's true, maybe in the future Elon Musk will be a supporter of BNB to grow like dogecoin but CZ will still be the owner. This is very beneficial for BNB holders.

It is good to be optimistic about the prospect of Binance but you should be very careful with your assertion that BNB has only one direction to go which according to you is upwards.

The rapid rise of BNB in a few years means that their will be correction at some point and also the Crypto environment is always at the mercy of government regulations so you should not let Binance investment in Twitter make you feel comfortable to invest your life savings in BNB.

maybe in the future twitter will be the first mainstream social media to actually adopt crypto. CZ and elon musk a very interesting combination for twitter development. I think in the near future there will be a good innovation or breakthrough for twitter. I hope one of them solves the annoying spammers and bots problem. it would be great if it came true.

This is the main goal of this news after all. CZ and Musk is known for there enthusiasm to crypto and Musk openly declare about utilizing crypto use to the platform if he will owns it. CZ so this an opportunity to connect Binance to all twitter user. Imagine how many user on twitter that’s still not involved on crypto can now easily encourage to enter due to the fact that it will be widely use in the platform soon.

The threat I see resulting from the cooperation between CZ and Elon is a great opportunity to control the market. They are both one of the most influential people in the crypto world, and each of their tweets can change the value of a given crypto by several dozen%. We all know what Musk did with Doge. It can both, have a positive impact on a given project and be an effective weapon in the fight against possible competition.

They know that Twitter has a big impact on the market, and one post of Elon and CZ will surely have an impact and most the traders rely on them. As I check, Elon musk has lots of plans for twitter not just for the crypto but for its company revenue and I think that CZ knows that Elon will surely acquire Twitter and back him up, CZ will surely have a portion of the share of Twitter since they co-invested on it.

Let's not exaggerate this. It's just a share and it's just $500m out of $44B. Not enough to be in control of Twitter.
He may give some tips about how to boost it up but that doesn't mean EM will just listen to them. It's just business as usual and maybe a bit of strategy to be in the headlines again and looking at how many reactions it received, it's successful.
$500m invested that will make more money in the future + free trend. That's worth it. These businessmen are wise at doing things that will benefit them long term.

I also read this news, but I also saw some articles sharing about a $500m futures liquidation on Binance recently, which is also one of the things that makes me laugh. But look at the fact that influencers are increasingly active and interested in the media to have a good relationship with each other. Personally, I feel that this is perhaps a preparation for an era when information will be more transparent and controlled, but I myself have always felt that Web3 needs more time to build and shape its potential sustainable development.

well, I just hope that the development of twitter can be better than before. if this is true, i just see that CZ is starting to expand their business again. I don't know if this is a good thing for Binance, but if Twitter's management got any worse after this, wouldn't that make Elon Musk and CZ's names worse? moreover as you think, if twitter can provide data manipulation, and everyone knows, then sooner or later, people will leave twitter. we'd better see how this development unfolds in a few months or years.

CZ probably took the chance to at least have some control in twitter. We can probably see twitter to be involve much more in crypto space knowing that one of the biggest cryto exchange CEO is in it. Though we don't really know what is in their head or what are their plans but there is one thing I am certain of, and that is growth rate of crypto investors all around the globe would further increase. And I really can't wait what would happen next. This is going to be good for all of us crypto investors and enthusiasts.

I'm not sure they will leave Twitter. People tend to get used to it and are willing to put up with changes to their favorite service. Did we see users leave CoinMarketCap when CZ's manipulation of the service became apparent? No. The service is still popular. But popularity does not always mean quality. The same will happen with Twitter. How do I see CZ manipulating it? They can set up content filtering so that mentions of Binance and everything related to it will somehow always be at the top, like YouTube trends, or something like that.

Sorry for delete

This was easy in the past but now the development work of binance exchange has increased and they are accepting kyc users. Where there is no possibility of direct hacking, I think should not hold token in exchange because hacker groups are usually smarter so they can make you nervous.

https://i.ibb.co/8M2p21M/image.png

On May 5th when Binance was found to have contributed to the Twitter purchase I found on Forbes (https://www.forbes.com/sites/abrambrown/2022/05/05/musk-binance-alwaleed-ellison-equity-committments-twitter-deal-bid-buyout-takeover/?sh=4790836a4ca8) indeed Binance was number 5 after BAMCO.Inc. Binance made a loan to Elon of $500,000,000. It didn't stop there, there was a significant increase in Coin BNB right after that moment. We can see on that date the Market was very responsive to the news published by Forbes at 7:10, then followed by market movements after that. The part I marked at 7:15 was ideal enough to prove that the market really does respond very quickly.

News from Forbes
https://i.ibb.co/rp9V7WS/image.png

Response from Market
https://i.ibb.co/x3W1RTz/image.png

Am I just linking inexplicably?  ;)

If this is confirmed, it is actually not strange and make sense enough.
We have seen how Binance acquisition and invest in many other big companies and platform previously.

Indeed, nothing is only for fun or popularity.
It is about a business that can create money again  ;D
moreover, if Binance also invest much, there will be a certain business strategy that is being built, let's know later again.

Both of them have business motives and they hide it through their claim of free speech, these are two business-minded people who want to cover a lot of territories, many of us may not like them but these two are the front liners in a quest for massive adoption and we can't have it any better.

This is a big leap in the Crypto community Twitter for me is ranked number two when it comes to business promotion and the number one platform in the Cryptocurrency media platform, there will be a big impact in the coming months and years.

All these possibilities in your questions seem to me very reasonable. The platform cannot make a contribution of this size just to contribute to ensuring freedom of expression. The two companies are supposed to announce partnership agreements or joint work.
The best that can be obtained in the framework of this cooperation is for users to be able to enter the world of crypto from the Twitter account to avoid all complications and add another layer of protection.

This probably means there will be some new competition for Twitter soon, in the Model of Parlour, but hopefully not with those Politics.

I must ask, is this confirmed news, that Binance joined funds with Elon!? We are talking about CZ and Elon, both of them are multi-billionaires, and now they are in control of one of the most popular social networks?
For sure they joined funds to make more money, they have a plan! And it looks like their plan has something with crypto! I guess now it's the question of which one! Is it time to buy more BNB?! :)

if they could just extends the implementation of NFT and metaverse in big platform like twitter it’s already enough, after all it seems NFT and defi are already stuck lately.
twitter could be a really huge platform for things like this, after all you can see how lively the twitter platform sometimes.
If it’s elon, i’m sure he gonna find a way for commercializing the platform either using cryptocurrency or not, but if it’s binance i’m sure its main purpose is anything related with cryptocurrency.

Binances as a company has a very wild dream of making crypto space a very favorable place for all. Investing in Twitter is a great move, because almost all crypto news are being carried out on twitter and it's price prediction, its a great win for the company and the crypto community at large.

They can use this platform for bigger benefits, that was I think. If their collaboration is true, that is certainly their intention to spread more news about crypto and to make use of Twitter as a medium of influence.

Well, for now. We never see the impact on the market which in fact, I expect something after.
Anyways, we know how these people took any chances that they could make money. That is a little bit surprising, maybe.

I think they have their own plan when they combine to manage Twitter and this might not be the same when they managed each other's company like you guys highlighting here. Of course, they will gonna need to have their own way to earn from advertisers and promotions but at the same time they need to hear what most of their users suggest for the right and convenience of everyone involves in it. Let's just look at how they will fit into each other managing such a colossal company and will gonna talk about it when the result is clear.

Do not link social media accounts to accounts containing your assets. That doesn't have any utility, just increases the chances of your property being stolen. Binance requires us KYC but they never reveal the user's identity to the community, linking to Twitter will reveal your identity, do you want that to happen?.

All for the sake of making money, as long as there is no tolerance for scams affecting users, nothing to complain about here..

Another investment umbrella extended by Binance. We all knew CZ isnt just jumping into bandwagon and investing this huge money is something they look forward to have some profitable returns in the future. Who knows what Elon are planning to Twitter in fact he has a lot of fans and supported by Twitter OGs. Personally seeing many arent happy and some are like excited that Elon take over one of the famous social network.

I would guess that they pretty much talked about crypto when Elon started to pump doge and took interest in crypto, that’s pretty much it. I mean you could build a friendship of course there is no way of knowing that but at the end of the day the meeting happened via twitter purchase reasons and it wasn't a bad decision for both of them. If they get together and turn twitter into more crypto friendly, integrate crypto type of stuff then it will change a lot.

Imagine binance having direct connection to twitter and making it widely adopted in twitter and every space of it? That would be something that would earn them insane amount of money for sure.

There is definitely commercial interest here, cz is well done expanding its spheres of influence.Now it will be interesting to see if there will be any changes on twitter, I wouldn't be surprised if there are any paid functions related to bnb.

CZ is looking up investment that will push binance higher and he is doing that on the media and publicity angle, visual and print. He is definitely channelling his business front on these areas. In the beginning of the year it was Forbes and now, new collaborating with Elon musk for twitter. This is definitely a good business strategy for CZ. He is to benefit more because binance ads will become the major flyer in twitter.

no one knows, whether that means Elon Musk and CZ are old friends or just business friends. But in the future this will benefit both parties equally having their own coins. Slowly BNB, Doge, Tesla will soon rise high but that will be how they both bring twitter to cryptocurrency change to make it more alive. Even if it's a business partner, at least there will be a binance name on twitter right?

Binance is not the only partner is raising the funds for the take over, Elon Musk is taking funds from multiple of investors including Larry Ellison and there are even reports that he is getting funds from Saudi Arabia and venture capital companies will be taking part in this deal and a total of over $7 Billion is raised till now as per reports and there will be more funds coming in.

CZ is very good at taking advantage of this opportunity, rather than just focusing on BNB which is still not strong enough to face a tough bear market, of course investing outside of cryptocurrencies is another way. Instead of making BNB much higher, taking over cryptocurrency and then getting Elon Musk's attention is also a way for BNB to indirectly fly again. I firmly believe BNB is the right coin to put money in.

CZ is a businessman looking for ways established further. I don't know about you @op but If I were in the shoes of cz I would probably do same or much more just to be in business, you must understand to operate in that level requires gaining lots of partnership and good business relationships.
CZ knows how to play the game and that's the reason binance is at the top, they are always ready to take a bold step regardless of what people will say. People will always talk anyways so it doesn't matter. I really don't see what's bad in this. I look forward to the more revamp twitter. ;)

so basically its really isn’t solely owned by elon, I mean the majority stakes, I wonder if in the future elon gonna have real control over the innovation that he gonna be bringing in the platform.
there are many doubts out there that elon is just gonna monetize everything in the platform so hard starting with the tweets but it seems if he carrying all those big capital investment from somewhere else presumably like the figure you mentioned
it seems more likely that he gonna monetize the twitter as a platform really hard.

Of course what you said is true, where there will be something of interest there later, after CZ joined twitter. look at what @elonmusk said that after buying twitter it will become a private company, no longer a public company and will be listed on the US stock exchange. @elonmusk has partnered with some big businessmen to be able to participate in buying twitter and where CZ is also participating.
If CZ joins in investing in twitter, it can be concluded that BNB will also play a role there, maybe they will do something related to BNB's interests in the future.
this is certainly a very visionary action taken by CZ who will indeed expand his reach by joining twitter.

Having small shares still meant nothing and the decision will always come from the party that has owned the majority of shares in the market. I think that you know this so well. When elon acquired all of shares of twitter and the decision is on his hand whether the twitter wanna try to accept the crypto currency or not. Being paid to be used is a very bad thing for the social media like twitter. This will make people retire from using this platform.

retiring from using twitter is like punishing yourself. it's where everyone is in having voice. i think Elon is more democratic though unlike the previous board that suspends a lot of accounts when it's voicing out an opinion against the politicians they don't support.

but understand also that Elon is an investor and speculator who looks at a profit in every direction. he will make money out of twitter. CZ and Elon are like the conquerors of our time.

I am not certain about the the value of BNB to increase because of this. Or maybe not BNB in particular because the impact should cover all the market.
What i found interesting is how the price of crypto decreased dramatically since Elon bought Twitter.