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Binance Backs Twitter Takeover with USD 500m, Musk Could Serve as Interim CEO


  The major crypto exchange Binance is backing Elon Musk’s takeover of Twitter with a USD 500m investment, a public filing showed. Meanwhile, Musk might also serve as temporary CEO of Twitter once the takeover is done.  The investment from Binance is among the largest on a list of commitments...

El Salvador Planning Bitcoin City & $500M of $1b BTC Bond


Earlier this year, El Salvador made history by announcing the first legal Bitcoin tender in the world. The crypto nation has followed the momentum to announce the world’s first Bitcoin City. President Nayib Bukele talked about the city during his presentation at Bitcoin Week.  The country plans...

USD 500M Liquidated as Bitcoin Falls Below USD 60K, Ethereum Below USD 4K


Nearly USD 500m in long positions were liquidated across the crypto market in just one hour on Wednesday, as the price of bitcoin (BTC) fell below the psychologically important USD 60,000 level, and ethereum (ETH) dropped below USD 4,000. At press time (08:26 UTC), BTC was down by 7.5% for...

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