- #BINANCE CEO ELON MUSK FOR FREE#
- #BINANCE CEO ELON MUSK UPDATE#
- #BINANCE CEO ELON MUSK UPGRADE#
- #BINANCE CEO ELON MUSK FREE#
“I’m a heavy Twitter user,” Zhao said, adding that Binance planned to be a long-term investor in the platform. Binance said last week it is creating a team to work on how blockchain and crypto could be helpful to Twitter. Most of his co-investors in the $44 billion deal are funded such as Sequoia Capital, Fidelity Management, Andreessen Horowitz, and Brookfield. However, It is 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. 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 executives at the platform.īinance CEO sees no threat to crypto from central banks’ digital currencies.
#BINANCE CEO ELON MUSK FREE#
“It is an important free speech platform – that’s the number one reason,” he added. “Number one is that we want to be extremely supportive of free speech,” Zhao said at the opening event of Europe’s largest tech conference, the Web Summit, in Lisbon, adding that Twitter is “where people express their opinions”. Binance CEO Changpeng Zhao, known as CZ, who is an active Twitter user with over 7 million followers, said there were “very strong reasons” why he invested in the platform. The chief executive of Binance, the world’s largest crypto exchange, said he was “extremely supportive” of freedom of speech and that was the main reason why his company decided to invest $500 million into Elon Musk’s buyout of Twitter Inc.
#BINANCE CEO ELON MUSK FOR FREE#
Musk has said he thinks dogecoin could work with ethereum to "beat bitcoin hands down.Elon has successfully taken over Twitter and Binance CEO is backing him for free speech Musk has repeatedly backed dogecoin as an alternative to bitcoin this year despite his electric car company Tesla holding billions of dollars worth of bitcoin.
#BINANCE CEO ELON MUSK UPDATE#
In October, Musk called on dogecoin miners-who secure the network in return for freshly-minted coins- to update their software in order to lower dogecoin transaction fees and speed up transactions. "If a large enough number of people in the community values it because it's cute because they like the meme, then it has value."
What I think may or may not matter," CZ said in an interview with the Associated Press last week. But this shows the power of decentralization. Meanwhile, CZ has said he doesn't "get" dogecoin or other memecoins but wants Binance to be "a marketplace for all the relatively valuable cryptocurrencies in the world." May ahead of Tesla billionaire Elon Musk's much-hyped SNL appearance. The dogecoin price has surged this year but has recently fallen back from its all-time highs set in. "ĬryptoCodex -A free, daily newsletter for the crypto-curious MORE FROM FORBES Tesla And Elon Musk Devotee Cathie Wood Issued A Serious Bitcoin And Ethereum Fed Warning-But Held Her Huge $500,000 Price Prediction By Billy Bambrough Since the incident occurred, Doge Network has been providing us with support, but we have to rebuild the wallet entirely, which is causing a delay that we expect may last another week or so."īinance added it's aware users "are upset-and rightly so." The exchange first reported the issue almost two weeks ago and has previously updated a blog post saying it expects "doge network withdrawals to be suspended for the next 10 to 14 days from. "The issue occurred on Binance-and not other platforms-because we have a different technical wallet set-up for doge.
#BINANCE CEO ELON MUSK UPGRADE#
"The root cause is a technical issue during the recent upgrade process that caused old transactions to be resent to 1,674 users," the exchange posted to Twitter. Apologies for any inconvenience that may have caused you."įollowing Musk's tweet, Binance posted a thread explaining the situation and the issue it's having with dogecoin withdrawals. "Elon, we are pretty certain it is an issue with the latest doge wallet," CZ replied. Users have claimed they don't have the dogecoin in their Binance accounts, according to media reports.
"Doge holders using Binance should be protected from errors that are not their fault," Musk added.įollowing the upgrade glitch, Binance said mistakenly sent dogecoin must be returned by the users or they will be unable to withdraw or use funds on their balances. "Hey, what’s going on with your doge customers? Sounds shady," Musk said via Twitter, responding to a Coindesk report about a Financial Times interview in which CZ said he's aiming to improve the perception of Binance by regulators.
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