Binance joins funding for Elon Musk's takeover of Twitter

[bbc.reporter]

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.



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

[Bttzed03]

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?

[VRExpress]

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.

[mindrust]

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)

[dwminer1]

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.

[Kemarit]

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?

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.

[GEMIN_M4]

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)

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.

[passwordnow]

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.  
Well, I'm expecting that there will be more ventures and investments that Binance will do if there's an opportunity to make.

[Bttzed03]

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.

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.

[kidbounty]

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)

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.

[o48o]

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)

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.

[Psynthax]

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

[Ararbermas]

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.

[kapalmabur]

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)

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.

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

[Jackl87]

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.

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.

[zasad@]

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.

[Xal0lex]

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.

[mindrust]

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.

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

[Jasad]

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?

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.

[o48o]

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.

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.