SEPOY.net
No Result
View All Result
Tuesday, July 15, 2025
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Crypto

Takeover of Twitter: Changpeng Zhao and Binance want to put an end to bots

Nicholas by Nicholas
November 2, 2022
in Crypto
0

After the announcement of Binance’s participation in the takeover of Twitter, Changpeng Zhao (CZ) clarified how his company can help Elon Musk. This will go through the implementation of Web3 functionalities and the fight against fake profiles.

READ ALSO

The Czech National Bank invests in Coinbase: $ 18 million in shares

Trump customs duties: Europe tries to save the situation and prepare its response

Rachat de Twitter : Changpeng Zhao et Binance veulent en finir avec les bots

CZ speaks out about Binance’s investment in Twitter

As we watched the epilogue of the long soap opera of Elon Musk’s takeover of Twitter last week, we learned at the same time that Binance joined the deal for $500 million.

In several talks, including one on CNBC TV, Changpeng Zhao (CZ), the exchange’s CEO and founder, gave more details about his vision for the social network as well as the value that Binance could bring to it.

He repeatedly insisted that one of the reasons Binance’swas sitting at the table» held in part to Elon Musk’s vision concerning a “freedom of expression platform“. However, CZ also pointed out where Twitter could be improved, especially on the number of fake profiles :

“I believe Twitter hasn’t been well monetized, it hasn’t grown well, there are a lot of strategic issues like bots spamming my comments, there are scam accounts, it hasn’t not been well managed. But I think the platform has a big value in itself […]. »

👉 To go further – Find our complete guide on the Binance platform

The No. 1 exchange in the world – Regulated in France

10% off your fees with code SVULQ98B 🔥

Investing in cryptocurrencies is risky (learn more)

The war on bots

Thus, Binance, like Elon Musk and all Twitter users are aware of the pollution brought by fake profiles spamming publications. This is also a problem that is regularly highlighted and Binance thus wishes to provide added value to help resolve the situation.

In this regard, several of the inefficiencies of the social network should be resolved thanks to blockchain technologies :

“We want to help bring Twitter into Web3, when they’re ready. Yes, we want to help solve these immediate problems [comme] subscription billing [Twitter Blue, ndlr], which can be done very easily using cryptocurrencies. »

If all these future features are yet to be precisely defined, there is no doubt that now Twitter is at a turning point that will lead to its metamorphosis into a Web3 platform. It remains to be seen to what extent this will be done and whether concrete decisions will be taken to eliminate the bots.

👉 On the same subject – Twitter would develop its own cryptocurrency wallet

Join Experts and a Premium Community

PRO

Invest in your crypto knowledge for the next bullrun

toaster icon

Sources: CNBC, Reuters

Newsletter 🍞

Receive a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

author profile picture

I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.

Vincent Mayor

352 items

Source

Related Posts

The Czech National Bank invests in Coinbase: $ 18 million in shares
Crypto

The Czech National Bank invests in Coinbase: $ 18 million in shares

July 15, 2025
Trump customs duties: Europe tries to save the situation and prepare its response
Crypto

Trump customs duties: Europe tries to save the situation and prepare its response

July 14, 2025
Bitcoin explodes the $ 120,000, what to expect for the future? Analysis on July 14, 2025
Crypto

Bitcoin explodes the $ 120,000, what to expect for the future? Analysis on July 14, 2025

July 14, 2025
Concern about the CAC40 against the backdrop of customs duties – what to expect?
Crypto

Concern about the CAC40 against the backdrop of customs duties – what to expect?

July 14, 2025
Crypto & Stock Exchange: What should not be missed for the week from July 14 to 20
Crypto

Crypto & Stock Exchange: What should not be missed for the week from July 14 to 20

July 14, 2025
Tokénized actions: next big crypto narrative or fashion effect?
Crypto

Tokénized actions: next big crypto narrative or fashion effect?

July 13, 2025
Next Post

Study calls for robust surveillance to detect unusual outbreaks in African countries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: hello@sepoy.net

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • Better On-line poker Sites 2025 Real cash On-line poker CC
  • Elvis Frog within the casino wild pixies Las vegas Slot: Over Video game Review Bspin io
  • Elvis The fresh King Existence Free casino leprechaun carol Slot machine game Enjoy Demo Game inside the Canada

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net