Binance CEO denies buying CoinDesk
According to Changpeng Zhao, this business does not meet the parameters of the geographical coverage of the exchange
14.03.2023 - 14:45
299
2 min
0
What’s new? Binance cryptocurrency exchange CEO Changpeng Zhao has published a tweet denying rumors about the purchase of the news outlet CoinDesk. “Not “on hold”. Not buying. It may be a good business. But not a fit in our geographic coverage,” Zhao wrote. CoinDesk was put up for sale after parent company Digital Currency Group (DCG) faced liquidity problems with the bankruptcy of its credit crypto company Genesis in January 2023. DCG bought CoinDesk in 2016 for $500 million.
Not “on hold”. Not buying. It may be a good business. But not a fit in our geographic coverage. 🙏 — CZ 🔶 Binance (@cz_binance) March 14, 2023
What else is known? An article by Blockworks claimed that Binance intends to buy CoinDesk for $75 million through crypto market data aggregator CoinMarketCap, which, in turn, the exchange bought back in 2020.
Information about the possible sale of CoinDesk appeared in the media in late November 2022. Back then the portal Semafor reported that one of the proposals voiced a price of $300 million, but it was considered too low.
In January, Cardano blockchain founder Charles Hoskinson allowed the possibility of the purchase of CoinDesk. This came after the WSJ reported that CoinDesk approached Lazard, a consulting firm that deals with mergers and restructuring.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$91 944
BTC
+0.88%
-
Ethereum
$3 122.02
ETH
-0.8%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.15
XRP
+6.64%
-
Dogecoin
$0.373973
DOGE
+0.96%
-
Cardano
$0.775335
ADA
+7.16%
-
Bitcoin Cash
$449.25
BCH
-0.11%
-
Polkadot
$5.83
DOT
+3.25%
-
Stellar XLM
$0.243164
XLM
+20.04%
-
Litecoin
$92.2
LTC
+1.38%