12/10/2023 0 Comments Binance ceo elon musk![]() As the industry and tech spheres continue to evolve, the actions and interactions of influential figures like CZ and Musk will undoubtedly shape the industry’s future. Overall, the unfollowing of Elon Musk’s Twitter account by CZ and the subsequent speculation within the crypto community has sparked curiosity and discussion about the potential reasons behind this action. The recent posting of a meme featuring Pepe the Frog, the mascot of the PEPE coin, by Musk coinciding with a significant price surge for PEPE adds an intriguing element to the situation. It is worth noting that Elon Musk’s affinity for memes and his inclination to tweet about them has become a well-known aspect of his social media presence. Dogecoin, which gained considerable attention due to Elon Musk’s tweets in the past, has been at the forefront of discussions related to Twitter’s potential industry adoption. The notion that CZ might have concerns about Twitter’s entry into the crypto space aligns with the sentiment of the Dogecoin community, which eagerly awaits the integration of digital asset payments on the platform. ![]() PEPE gained substantial popularity among investors and traders since its emergence in April, surpassing other meme coins like SHIB and DOGE in terms of trading volume at one point. This user points to Musk’s past tweets where he repeatedly stated, “the most entertaining outcome is the most likely.” It is implied that CZ may not welcome Twitter’s entry into the crypto space, particularly with the potential launch of a wallet and the introduction of digital asset payments, which the Dogecoin community eagerly anticipates. If Musk were to introduce such a wallet, it could have far-reaching implications for the crypto market and potentially disrupt the status who appears to be an enthusiast of the meme coin PEPE, supports this theory and speculates that if Musk integrates a crypto wallet on Twitter, PEPE might become the platform’s native currency. While the exact reason behind CZ’s decision remains unknown, the theory put forward by suggests that it could be related to Elon Musk’s potential plan of launching a cryptocurrency wallet for Twitter. You know what follows? - CZ □ Binance Crypto community mixed reactions ![]() But the approach comes with plenty of downsides as well, especially considering the massive regulatory vacuum they operate within.Īnd it sounds like Musk feels the same way.Locked ETH at ATH. If cryptocurrency exchanges' massive profits are anything to go by, customers are very much willing to put their trust in them. Binance CEO Changpeng CZ Zhao said his company is now following up with a commitment of 500 million US dollars (Rp 7.7 trillion) to support the takeover of. ![]() When Robinhood went public in July, the first crypto brokerage to do so, the company suffered one of the worst IPOs in US history. On numerous occasions the exchange went dark, leaving customers scrambling to cash in on "meme stocks." Similarly, the Securities and Exchange Commission charged Robinhood for misleading customers about revenue services and generally failing to execute services last year. For instance, Binance is facing investigation by the Justice Department and the Internal Revenue Service for alleged money laundering and tax dodging. Multiple exchanges have been embroiled in massive scandals. What the large majority of them however have in common is that they keep the security of your crypto entirely in their hands.Īs it turns out, that can be a very bad thing. While Coinbase hosts crypto wallets online, others like Robinhood don't support cryptocurrency wallets at all, and make exchanges on the marketplace on behalf of customers. Their approaches to wallets differs greatly. In other words, exchanges may make the process of buying, owning, and trading cryptocurrencies easier - perhaps the biggest reason for their continued success - but they don't issue real credentials to customers. When buying cryptocurrencies through an exchange like Binance or Robinhood, customers aren't actually in possession of these keys, let alone a cryptographic wallet. Only the private key is able to unlock your funds. As their names suggest, one type is known to others, while the other is not. In simple terms, a cryptocurrency wallet contains both public and private cryptographic keys. Then Musk chimed in, tweeting "exactly" in reply. On Twitter, someone mused about breaking the ecosystem's "dependence on CEXs like inance and obinhood," prompting another to quip "not your keys, not your crypto." Tesla CEO Elon Musk took a stance against cryptocurrency exchanges in a Tuesday tweet.
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