What will Crypto Twitter look like post-acquisition? Blockchain executives sh...
Many stakeholders expressed a desire to see more decentralization on the quintessential social media platform for the blockchain industry. Nearly seven months after Tesla CEO Elon Musk first made a tender offer to purchase social-media giant Twitter, the $44 billion deal finally came to a close, resembling much of the original terms despite a heated corporate tug-of-war. As a platform for news announcements, marketing, and developer-user communication in the blockchain realm, crypto enthusiasts have already begun to speculate on the future of Twitter now that it's in the hands of the....
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One of the world’s oldest crypto companies, Blockchain.com, has acquired SeSocio, a crypto company based in Argentina. Both parties announced it on their respective blogs on Tuesday. According to the announcement, this is Blockchain.com’s “largest acquisition to date,” although it did not disclose the amount. With its acquisition of one of the largest cryptocurrency businesses in Latin […]
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....
Elon Musk is now officially the owner of Twitter after the board accepted his $54 billion offer to buy the social media giant. The vast implications of this acquisition remain to be seen but the impact of the decision has already been felt across the market. The most notable of these has been the value […]
A survey made in Uruguay across different business sectors revealed that 24% of the 49 senior executives (1 in 4) from companies in the country claimed to have used cryptocurrencies at any point in their lives. Senior Executives in Uruguay Reveal Their Level of Knowledge on Cryptocurrencies According to the consulting firm Price Waterhouse Cooper, the survey was conducted to measure the knowledge on crypto assets among senior executives from the sectors of banking and finance, technology, public services, industrial products, and public administration in Uruguay. The results revealed that....
Binance's decision to liquidate 23 million FTT tokens triggered FTX's liquidity crisis. "Who needs Netflix when you are in crypto?", commented a user on Twitter as the crypto industry attempts to digest the acquisition of cryptocurrency exchange FTX by its rival Binance. The deal, disclosed on Nov 8., has been compared with a "chess move" by some, insinuating that Binance's strategy intentionally led to the deal.Users on Twitter claimed that "CZ just executed the most gangster play we've seen in Crypto, ever, period," referencing the series of tweets from Binance CEO Changpeng Zhao that....