Close Menu
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok
    TopBuzzMagazine.com
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok
    • Home
    • Movies
    • Television
    • Music
    • Fashion
    • Books
    • Science
    • Technology
    • Cover Story
    • Contact
      • About
      • Amazon Disclaimer
      • Terms and Conditions
      • Privacy Policy
      • DMCA / Copyrights Disclaimer
    TopBuzzMagazine.com
    Home»Technology»Binance Creating Team to Help Elon Musk’s Twitter With Blockchain
    Technology

    Binance Creating Team to Help Elon Musk’s Twitter With Blockchain

    By AdminNovember 24, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Binance, the world’s largest crypto exchange that has invested $500 million into Elon Musk’s buyout of Twitter, is creating a team to work on how blockchain and crypto could be helpful to Twitter, the company’s spokesperson said on Friday. As one of Elon Musk’s equity co-investors to fund his $44 billion (nearly Rs. 3,62,300 crore) deal, Binance said it will brainstorm plans and strategies that could help Elon Musk run the platform.

    The newly-formed team will explore how to build on-chain solutions to address Twitter‘s issues including proliferation of bot accounts, a problem Musk has repeatedly complained about and almost reneged his offer on.

    Musk’s Twitter takeover saga came to an end on Thursday when the deal officially closed after months of twists and turns in and outside the courtroom, and Musk immediately fired top chief executives at the social media platform.

    Twitter had began to explore ways to incorporate blockchain technology under co-founder and former CEO Jack Dorsey, who has been a proponent of bitcoin.

    In November 2021, Twitter launched an internal crypto team to build features that involve such technologies. The company introduced the ability for paid Twitter subscribers to use non-fungible tokens (NFTs) as their avatar photo.

    In text messages with confidants that were released as part of the litigation with Twitter, Musk discussed the possibility of placing Twitter on the blockchain, though he later appeared to decide such a move would not work.

    It’s unclear how actively involved co-investors like Binance could be in Twitter’s future as a minority investor, since Musk fully controls the board and decision-making in the now-private Twitter. Most of his co-investors are funds such as Sequoia Capital, Fidelity Management, Andreessen Horowitz and Brookfield. Binance’s Chief Executive Changpeng Zhao, known as CZ, is an active Twitter user with over 7 million followers on the platform.

    © Thomson Reuters 2022

     

     

    Affiliate links may be automatically generated – see our ethics statement for details.

    Read The Full Article Here

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    An interview with Evan Prodromou, “inventor of the Fediverse”, on ActivityPub’s origins, Mastodon’s privacy focus, expanding beyond microblogging, and more (Matthias Pfefferle/Open Channels FM)

    October 8, 2025

    6 Best Dehumidifiers for Cool and Dry Home Air (2025)

    October 7, 2025

    OpenAI's computing deals with Nvidia, AMD, Oracle, and others have topped $1T, commitments that dwarf its revenue and raise questions about how it can fund them (Financial Times)

    October 7, 2025

    OpenAI Wants ChatGPT to Be Your Future Operating System

    October 6, 2025

    A look at major UK businesses hit by cyberattacks in 2025; a government survey estimates 43% of businesses and 30% of charities were hit in the past 12 months (Theo Leggett/BBC)

    October 6, 2025

    Our Favorite Humidifiers for Home, Travel & More (2025)

    October 5, 2025
    popular posts

    Perfectly Preserved Insects and Plants Point to Warm Greenland Future

    The 3 Maximalist Makeup Artists You Should Follow in 2025

    Women Who Hunt, Organ Transplants and 50 Years of the

    8 of the Best Children’s Books About Mental Health

    Billie Eilish Releases New Songs “TV” and “The 30th”

    Covid Shots for Little Kids Are Finally Here

    Realme Narzo 50 With MediaTek Helio G96 SoC Launched in

    Categories
    • Books (3,457)
    • Cover Story (8)
    • Events (20)
    • Fashion (2,553)
    • Interviews (47)
    • Movies (2,758)
    • Music (3,043)
    • News (162)
    • Politics (6)
    • Science (4,608)
    • Technology (2,752)
    • Television (3,483)
    • Uncategorized (932)
    Archives
    Facebook X (Twitter) Instagram Pinterest YouTube Reddit TikTok
    © 2025 Top Buzz Magazine. All rights reserved. All articles, images, product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Terms of Use and Privacy Policy.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT