Binance may form a team to support Twitter’s blockchain efforts
Binance also confirmed that it helped finance Elon Musk's acquisition of the platform with $500 million. According to reports on Oct. 28, crypto exchange Binance intends to create a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk.The development came hours after Binance’s founder and CEO, Changpeng “CZ” Zhao, confirmed that the company had backed Musk with $500 million in financing, making the crypto exchange the fourth-biggest contributor to the takeover amid 19 investors that provided $7....
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Binance will also assist Twitter’s integration into Web3 by implementing crypto payments and deploying a dedicated team of on-chain specialists to stop spam bot accounts. Binance CEO Changpeng “CZ” Zhao has explained the reasoning behind its $500 million co-investment into Elon Musk’s Twitter, citing monetization potential, crypto community free speech and the opportunity to eventually “help bring Twitter into Web3.” CZ’s comments came from an Oct. 31 CNBC Squawk Box segment, where he explained what drove his co-investment with Elon Musk to acquire the social media platform noting: “I....
Former IRS supervisor Greg Monahan replaces Karen Leong as the global money laundering reporting officer of Binance. Former United States Treasury Criminal Investigator Greg Monahan joined major cryptocurrency exchange Binance to oversee the company’s international Anti-Money Laundering (AML) efforts, the exchange announced on Wednesday.Before replacing Karen Leong as the global money laundering reporting officer at Binance, Monahan worked for the U.S. Treasury for almost 20 years as a member of the Internal Revenue Service’s criminal investigation unit. He was mainly responsible for tax,....
The world’s largest cryptocurrency exchange, Binance, has announced somewhat of an ambitious plan to hire 1,000 new employees this year, much of which will be driven by efforts to strengthen its compliance efforts. Related Reading: Worldwide XRP Adoption: Institutions On All 7 Continents Embrace The Crypto Facing rising regulatory scrutiny, especially from the United States, […]
The funds returned so far has come in the form of Ether (ETH), Binance-pegged ETH and BNB ($14.2 million). A quick response from a number of blockchain security companies has helped facilitate the return of around 70% of the $23 million exploit of decentralized exchange (DEX) aggregator Transit Swap.The DEX aggregator lost the funds after a hacker exploited an internal bug on a swap contract on Oct. 1, leading to a quick response from Transit Finance team along with security companies Peckshield, SlowMist, Bitrace and TokenPocket, who were able to quickly work out the hacker’s IP, email....
The U.S. affiliate of the world’s largest crypto exchange says it’s time for its own voice, and major lobbyist Blockchain Association wished them well. Binance.US announced today that it is creating a team in Washington to engage with lawmakers on digital asset policy. Simultaneously, it has withdrawn from the advocacy group Blockchain Association. Both organizations sides have been tight-lipped about the split, commenting publicly only with short statements.A Binance.US spokesperson told Cointelegraph, “We believe it’s time we had a clear voice with meaningful impact in the emerging....