Binance ceo meme12/10/2023 We are in the early stages now and still figuring out a plan," the spokesperson added. "For example, how can we build on-chain solutions to address some of Twitter's issues, such as the proliferation of bot accounts in recent years. Thanks in part to the billionaire's previous promotion of the meme coin last year, Dogecoin has risen by 38% in value in the week leading up to Musk's Twitter acquisition.įor the period, the market capitalization for DOGE has risen by $3 billion from $7.7 billion to $10.6 billion, according to Coinmarketcap.įor its part, a spokesperson for Binance told Yahoo Finance that Binance is creating a team inside the company to focus on ways cryptocurrencies and blockchain technology could be helpful to Twitter. REUTERS/Dado Ruvic/Illustration (Dado Ruvic / reuters)Īs of yesterday afternoon, Twitter is also testing " NFT Tweet Tiles," a new feature that let's users buy non-fungible tokens through various NFT marketplaces such as Rarible, Dapper Labs, and Magic Eden.ĭogecoin buyers may also anticipate some value from Musk's takeover. Started by Twitter co-founder and former CEO Jack Dorsey, who has since left the company, it remains unclear how BlueSky will fit into Twitter’s plans under Musk.Ī 3D printed Twitter logo is seen in front of a displayed photo of Elon Musk in this illustration taken October 27, 2022. More recently, the company’s lesser known BlueSky initiative launched a website detailing plans to launch the AT Protocol, which aims to create a decentralized social network using blockchain technology. Year to date, $18 trillion worth of crypto has changed hands on Binance, accounting for 22% of global crypto trading volume, nearly quadruple that of any other crypto exchange, according to crypto indexer, Nomics.īefore the Musk deal closed, Twitter had made efforts to further incorporate crypto onto its platform by allowing users to send cryptocurrencies through their user accounts and verify NFTs as profile pictures. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) (SOPA Images via Getty Images)Īlongside major angel investors such as Oracle Cofounder Larry Ellison and Twitter majority stakeholder Prince Alwaleed bin Talal of Saudi Arabia, Binance’s support had previously been disclosed as far back as May. CHINA - 5: In this photo illustration, the cryptocurrency exchange trading platform Binance logo is displayed on a smartphone screen.
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