{"id":5478,"date":"2022-11-03T12:34:12","date_gmt":"2022-11-03T10:34:12","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/?p=5381"},"modified":"2023-02-07T10:15:08","modified_gmt":"2023-02-07T09:15:08","slug":"cryptocurrency-news-binance-invests-500-million-in-twitter","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-news-binance-invests-500-million-in-twitter\/","title":{"rendered":"Cryptocurrency news: Binance invests $500 million in Twitter"},"content":{"rendered":"\n<p>In this section, find every week the Analyzes and Cryptocurrency News not to be missed like today: Binance invests 500 million dollars on Twitter<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-news-binance-invests-500-million-in-twitter\/#Crypto_analysis_of_the_week\" >Crypto analysis of the week<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-news-binance-invests-500-million-in-twitter\/#Dogecoin\" >Dogecoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-news-binance-invests-500-million-in-twitter\/#Osmosis\" >Osmosis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-news-binance-invests-500-million-in-twitter\/#Solana\" >Solana<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-news-binance-invests-500-million-in-twitter\/#Crypto_exchange_Binance_invests_500_million_in_Twitter\" >Crypto exchange Binance invests $500 million in Twitter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-news-binance-invests-500-million-in-twitter\/#El_Salvador_and_Lugano_team_up_to_develop_Bitcoin\" >El Salvador and Lugano team up to develop Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-news-binance-invests-500-million-in-twitter\/#FTX_distributes_6_million_to_victims_of_phishing_campaign\" >FTX distributes $6 million to victims of phishing campaign<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crypto_analysis_of_the_week\"><\/span>Crypto analysis of the week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dogecoin\"><\/span>Dogecoin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Created in 2013, cryptocurrency was never meant to be more than just a joke. However, at the time of writing this article,<strong> DOGE<\/strong> ranks eighth in the cryptocurrency rankings by market capitalization.<\/p>\n\n\n\n<p>While BTC and Ether (ETH) increased by<strong> 7.7%<\/strong> and<strong> 21.6%<\/strong>, DOGE outperformed the rest of the market. Showing an increase of<strong> 111%<\/strong> over the same period. Thus, the now famous cryptocurrency with the image of Shiba Inu could not only take advantage of the<strong> general market dynamics<\/strong>. But also the takeover of the platform<strong> Twitter<\/strong> by Elon Musk. <\/p>\n\n\n\n<p>In fact, DOGE is known to be billionaires&#8217; favorite cryptocurrency, so it can even be used as a means of payment at CEO Elon Musk&#8217;s with Tesla.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Osmosis\"><\/span>Osmosis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Osmosis is a market maker (AMM) highly<strong> automated<\/strong> which allows developers to create custom AMMs and their own liquidity pools (called sovereigns). MAs are programs in the form of<strong> smart contract<\/strong>.  These Smart contracts provide liquidity and allow users to offer prices between two cryptocurrencies at any time. Notable examples of MA are<strong> Pancake Swap<\/strong> on the BNB channel and<strong> Uniswap<\/strong> on Ethereum.<\/p>\n\n\n\n<p>Osmosis is built with the<strong> SDK Cosmos<\/strong> and based on consensus<strong> Tendermint<\/strong>. In other words, the<strong> consensus algorithms<\/strong> guarantee the authenticity of each transaction made on the blockchain by verifying the validity of each block in the chain, preventing a single entity from controlling the entire transaction. A unique feature of the Tendermint Consensus is that it was designed for the<strong> inter blockchain communication<\/strong> called<strong> IBC<\/strong> (Inter-Blockchain Communication Protocol).<\/p>\n\n\n\n<p><strong>We see this week a 20% increase in the price of OSMO which is now 1.51 dollars, which places it in 86th place in the CoinMarketCap ranking.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Solana\"><\/span>Solana<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Over the past 30 days, the Solana token has outperformed the market. Ethereum posted an increase of more than<strong> 80%<\/strong>, while the SOL token advanced &#8220;only&#8221; by<strong> 32%<\/strong>. If the increase looks spectacular, it should be associated with other major projects. If Solana outperforms Bitcoin, it will put the project at a disadvantage against Avalanche (+77%), Polkadot (+52%), BNB (+49%) and Polygon (+75%).<\/p>\n\n\n\n<p>At the same time, the Solana project is one of the projects most affected by the bear market. A correlation between these two factors may indicate that the project is currently underfunded. As of this writing, the Solana project ranks<strong> ninth in terms of capitalization<\/strong>.<\/p>\n\n\n\n<p><strong>the<em> Course is currently at<\/em> $42.79, with a<em> Marketcap<\/em> of $14.8 billion.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crypto_exchange_Binance_invests_500_million_in_Twitter\"><\/span>Crypto exchange Binance invests $500 million in Twitter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"549\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/10\/Actu-crypto-1024x549.jpg\" alt=\"Cryptocurrency news: Binance\" class=\"wp-image-5384\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/10\/Actu-crypto-1024x549.jpg 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/10\/Actu-crypto-300x161.jpg 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/10\/Actu-crypto-768x412.jpg 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/10\/Actu-crypto.jpg 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>Twitter was recently acquired by<strong><a href=\"https:\/\/fr.wikipedia.org\/wiki\/Elon_Musk\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> Elon Musk<\/a><\/strong>. Binance is on the list of investors who have not let go of the founder of Tesla. This since the billionaire announced his intention to buy the social network earlier this year.<\/p>\n\n\n\n<p>On October 28, Binance confirmed in a statement emailed to news outlet CoinDesk. That he had invested in the acquisition of Twitter alongside Elon Musk.<\/p>\n\n\n\n<p>In a tweet posted the same day,<strong> Changpeng &#8220;CZ&#8221; Zhao<\/strong> said that Binance had transferred<strong> $500 million<\/strong> contributions to the agreement.<\/p>\n\n\n\n<p>We also learned that Elon Musk, who now runs Bluebird Social Network, fired several executives.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Managing Director, Parag Agrawal.<\/strong><\/li>\n\n\n\n<li><strong>Chief Financial Officer, Ned Segal.<\/strong><\/li>\n\n\n\n<li><strong>Vijaya Gadde, Head of Legal Policy<\/strong><\/li>\n<\/ul>\n\n\n\n<p>New Twitter chief reaffirms intention to change Twitter and<strong> eliminate bots<\/strong>. Who are the scourge not only of the social network but of its employees.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"El_Salvador_and_Lugano_team_up_to_develop_Bitcoin\"><\/span>El Salvador and Lugano team up to develop Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/10\/actu-crypto-2.jpg\" alt=\"Cryptocurrency news: Bitcoin\" class=\"wp-image-5385\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/10\/actu-crypto-2.jpg 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/10\/actu-crypto-2-300x200.jpg 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/10\/actu-crypto-2-768x512.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>El Salvador, the first country in the world to adopt Bitcoin (BTC) as<strong> legal tender<\/strong>, has partnered with the Swiss city of<strong> Lugano<\/strong> to further popularize the king of<strong> cryptocurrencies<\/strong>.<\/p>\n\n\n\n<p>The collaboration was announced on the first day of<strong> Map forum \u20bf<\/strong> organized by Tether in Lugano on Friday 28 October. In fact, since March, USDT, the issuer of USDT, the largest<strong> stablecoin<\/strong> in the world by market capitalization, works with Swiss cities to promote the adoption of Bitcoin.<\/p>\n\n\n\n<p>This could be, among other things, the establishment of a regional payment network via the<strong> Lightning Network<\/strong> with merchants, the creation of hubs in city centers to facilitate the development of Bitcoin-related startups, or various special schemes for this purpose. investment fund.<\/p>\n\n\n\n<p>The partnership aims to strengthen cooperation between<strong> El Salvador<\/strong> and the city of<strong> Lugano<\/strong>, as well as initiatives to promote education on the<strong> Bitcoin<\/strong>, as well as facilitating school exchanges between the two regions.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FTX_distributes_6_million_to_victims_of_phishing_campaign\"><\/span>FTX distributes $6 million to victims of phishing campaign<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"551\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/11\/crypto-news-ftx-en-1024x551.png\" alt=\"\" class=\"wp-image-5482\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/11\/crypto-news-ftx-en-1024x551.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/11\/crypto-news-ftx-en-300x161.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/11\/crypto-news-ftx-en-768x413.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/11\/crypto-news-ftx-en-1536x826.png 1536w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2022\/11\/crypto-news-ftx-en.png 1722w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p><strong><a href=\"https:\/\/en.wikipedia.org\/wiki\/Sam_Bankman-Fried\" target=\"_blank\" rel=\"noreferrer noopener\">Sam Bankman-Fried<\/a><\/strong> announced the move in a Twitter thread about the dangers of phishing campaigns. It was a recent attack in particular that caught his attention. Users have seen their accounts used to make fraudulent exchanges by registering on fraudulent sites. Specifically, a fake website posing as a<strong> bot provider<\/strong>.<\/p>\n\n\n\n<p>A user provided a<strong> API key<\/strong> to use an FTX account. FTX CEO reminded that in the event of such an attack, it would be the user&#8217;s responsibility not to allow access to rogue websites, and trading platforms could not do much at their level.<\/p>\n\n\n\n<p>But this time FTX decided<strong> to compensate the users concerned<\/strong>. This amount will be $6 million. Sam Bankman-Fried clarifies that these are FTX users only and encourages other platforms to do the same.<\/p>\n\n\n\n<p>Do not hesitate to read the <a href=\"https:\/\/walloftraders.com\/blog\/en\/crypto-news-the-clash-between-ripple-and-cardano\/\">news of the last week<\/a>!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div class=\"wp-block-social-warfare-social-warfare\"><div class=\"swp_social_panel swp_horizontal_panel swp_flat_fresh  swp_default_full_color swp_individual_full_color swp_other_full_color scale-100  scale-\" data-min-width=\"1100\" data-float-color=\"#ffffff\" data-float=\"none\" data-float-mobile=\"none\" data-transition=\"slide\" data-post-id=\"5478\" ><div class=\"nc_tweetContainer swp_share_button swp_twitter\" data-network=\"twitter\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Cryptocurrency+news%3A+Binance+invests+%24500+million+in+Twitter&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-news-binance-invests-500-million-in-twitter%2F&via=WallOfTraders\" data-link=\"https:\/\/twitter.com\/intent\/tweet?text=Cryptocurrency+news%3A+Binance+invests+%24500+million+in+Twitter&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-news-binance-invests-500-million-in-twitter%2F&via=WallOfTraders\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_twitter_icon\"><\/i><span class=\"swp_share\">Tweet<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_facebook\" data-network=\"facebook\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-news-binance-invests-500-million-in-twitter%2F\" data-link=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-news-binance-invests-500-million-in-twitter%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_facebook_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_linkedin\" data-network=\"linkedin\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-news-binance-invests-500-million-in-twitter%2F\" data-link=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-news-binance-invests-500-million-in-twitter%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_linkedin_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_pinterest\" data-network=\"pinterest\"><a rel=\"nofollow noreferrer noopener\" class=\"nc_tweet swp_share_link noPop\" href=\"https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-news-binance-invests-500-million-in-twitter%2F\" onClick=\"event.preventDefault(); \r\n\t\t\t\t\t\t\tvar e=document.createElement('script');\r\n\t\t\t\t\t\t\te.setAttribute('type','text\/javascript');\r\n\t\t\t\t\t\t\te.setAttribute('charset','UTF-8');\r\n\t\t\t\t\t\t\te.setAttribute('src','\/\/assets.pinterest.com\/js\/pinmarklet.js?r='+Math.random()*99999999);\r\n\t\t\t\t\t\t\tdocument.body.appendChild(e);\r\n\t\t\t\t\t\t\" ><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_pinterest_icon\"><\/i><span class=\"swp_share\">Pin<\/span><\/span><\/span><\/span><\/a><\/div><\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>This article is not investment advice. Do your own research before investing in the cryptocurrency market.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this section, find every week the Analyzes and Cryptocurrency News not to be missed like today: Binance invests 500 million dollars on Twitter Crypto analysis of the week Dogecoin Created in 2013, cryptocurrency was never meant to be more than just a joke. However, at the time of writing this article, DOGE ranks &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Cryptocurrency news: Binance invests $500 million in Twitter\" class=\"read-more button\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-news-binance-invests-500-million-in-twitter\/#more-5478\" aria-label=\"More on Cryptocurrency news: Binance invests $500 million in Twitter\">Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":5481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-5478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cryptocurrency news: Binance invests $500 million in Twitter<\/title>\n<meta name=\"description\" content=\"Binance invests $500 million on Twitter: find weekly Analysis and Cryptocurrency News of the week not to be missed!\" \/>\n<meta name=\"robots\" content=\"index, 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