blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Binance CEO CZ Supports Elon Musk with an Aim to Expand Crypto Operations on Twitter

Shayan Chowdhury by Shayan Chowdhury
November 18, 2022 - 6:01 pm
in bitcoin news, altcoins news
0
Twitter
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Through a recent tweet, Binance CEO Changpeng Zhao showed his support for Twitter as he backed Elon Musk amid the ongoing criticisms. 

The acquisition of Twitter by billionaire Elon Musk has attracted several viewpoints and reactions from the crypto community where some of them made scathing criticism after the acquisition regarding the Twitter subscription, account verification, and crypto-blockchain features. However, the Binance CEO, Changpeng Zhao, looks optimistic about Twitter and its upcoming crypto goals as he speaks in support of Elon Musk while the community trends #GoodByeTwiiter and #RipTwitter. 

Binance Plans To Venture Into Twitter Soon

After acquiring the social media giant Twitter, Elon Musk brought drastic changes and plans to the platform to serve users better. But now, the changes seem to force employees to quit the platform massively, as some of the executives and workers were asked to work 12 hours a day or even seven days a week. 

Today, the CEO of Binance, Changpeng Zhao, stretched his support towards Twitter amid the criticism and ongoing trend of #RipTwitter. The trend #RIPTwitter exploded into action after the recent movements made by the Twitter CEO to choose between working intense, extremely hardcore, long hours or losing their job positions. 

In a recent tweet, Binance CEO, Changpeng Zhao, mentioned the importance of FUD (Fear, Uncertainty and Doubt) to the recent steps made by Elon Musk. In response to Twitter’s all-time usage amid the turmoil, CZ said, “The more successful you are, the more people FUD about you. FUD makes you stronger, not weaker.”

The more successful you are, the more people FUD about you. FUD makes you stronger, not weaker. https://t.co/izQ9S8S8de

— CZ 🔶 Binance (@cz_binance) November 18, 2022

Binance To Promote Elon Musk’s Authorial Display 

The take-over of Twitter by Elon Musk has created a belief in Binance about its futuristic crypto goals. Recently, Binance invested $500 million in the social media platform to take the spotlight in venturing its crypto operations into Twitter. CZ believes that Twitter will provide free speech to users as he said, “Free speech is a prerequisite for having freedom of money, which we are building for.”

CZ thinks that Twitter will be able to deliver a unique business model with the integration of the crypto space as Elon Musk himself is a crypto enthusiast who is known as the ‘Dogecoin-father’. As Twitter has enough potential to drive the Web3 infrastructure to the future, it marks an excellent reason for Binance’s interest in the social media giant. Regardless of the short-term price fluctuations in the crypto market, Twitter has a long-term vision of placing the crypto space at the top, making an excellent value for Binance if the crypto giant ventures into Twitter. 

Zhao said, “We believe Twitter has tremendous untapped value. Twitter has not had a proper business model yet. We believe Elon and crypto can help unlock innovative business models that do not involve selling user data. Welcome to Web3.”

However, there are some solid adverse reactions from the crypto space as the Doge creator Billy Markus takes the jibe over Twitter and compares it to the downfall of Google Plus. Markus also presents viewpoints on Twitter employees in his recent tweet thread, saying that the company employees now plan to run with money instead of devoting long working hours to save a ‘dying company’ (Twitter).

Tags: AltcoinsBinanceBitcoinCryptocurrencyCZTwitterWeb3
ShareTweet
Shayan Chowdhury

Shayan Chowdhury

Shayan Chowdhury is a freelance writer and digital nomad. He loves thinking, learning and writing about the crypto space. He is a crypto enthusiast who has gathered 3 years of writing experience. Through his in-depth research about the Web3 and analysis, he delivers high-quality engaging articles with clarity.Besides being a skilled journalist, he is a professional video editor. In the era of blockchain, he aspires to touch overwhelming success. He now works for BlockchainReporter as a news writer.

Recommended For You

Justin Sun Says His KPI for Current Year Is to Make TRX Adopted by 5 Countries as Their Legal Tender

by Umair Younas
January 29, 2023 - 10:41 am
0
Tron TRX

Justin Sun labelled this objective as ambitious. Nonetheless, he noted that dedication and hard work can play a significant role in achieving his goal.

Read more

Top Crypto News This Week, Bitcoin and Ethereum in the Spotlight

by Umair Younas
January 29, 2023 - 5:10 am
0
Crypto Trading

This week, 23 Jan - 28 Jan, we saw hustle and bustle in the crypto market especially from Bitcoin, Ethereum and Celsius' narrative.

Read more

US White House Administration Issues a Roadmap to Minimize the Risks of Crypto Assets

by Umair Younas
January 28, 2023 - 7:42 am
0
White House

The US White House Administration has released a roadmap for the Administration to minimize the risks associated with crypto assets.

Read more

Prosecutors Request Judge to Strengthen Bail Conditions for Sam Bankman-Fried

by Umair Younas
January 28, 2023 - 5:55 am
0
SBF FTX

U.S. prosecutors petitioned a Manhattan magistrate for stricter bail restrictions for Sam Bankman-Fried citing that he influence witness testimony.

Read more

SoftConstruct-Incubated Fastex Achieves a Big Milestone of Raising $23.2M in Unprecedented Fasttoken Sale

by Mushu Butt
January 27, 2023 - 5:23 pm
0
fastex

SoftConstruct-Incubated Fastex achieves a big milestone by raising $23.2M in its Fasttoken sale, cementing its position as a leader in the industry.

Read more
Next Post
Coinbase GRT Quiz Reward

What’s the Best Way to Earn GRT Rewards? Coinbase Quiz

PARTNERS LIST

PRESS RELEASE

China’s “Instagram” chooses Conflux Network for permissionless blockchain integration

by chainwire
January 25, 2023 - 8:42 am
0

Toronto, Canada, 24th January, 2023, ChainwireLittle Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain...

snowfall protocol

Snowfall Protocol (SNW) Takes the Spotlight as Waves (WAVES) Founder Unveils New ‘Undepeggable’ Stablecoin and Ripple’s (XRP) New Commercial Released

by Max Clark
January 25, 2023 - 7:02 am
0

The cryptocurrency market has seen its fair share of ups and downs, but one project that seems to be gaining...

Snowfall

Binance (BNB) Will Back Terra Classic’s Upgrade, Cardano (ADA) Introduces Custom-built Sidechains, Snowfall Protocol (SNW) to Have its Grand Launch Soon

by Wayne Jones
January 24, 2023 - 4:53 am
0

While the former two are in the headlines due to recent changes in their ecosystem, Snowfall Protocol (SNW) is all...

Snowfall Protocol

Terra Classic (LUNC) and Polygon (MATIC) Shows Instability Signs, While Snowfall Protocol (SNW) Presale Raises $4M

by Max Clark
January 23, 2023 - 12:00 pm
0

This article will critically examine why Snowfall Protocol (SNW) is gaining ground and why Polygon and Luna Classic's (LUNC) price...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.