{"id":10897,"date":"2023-03-14T08:53:00","date_gmt":"2023-03-14T08:53:00","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=10897"},"modified":"2023-03-14T08:53:03","modified_gmt":"2023-03-14T08:53:03","slug":"binance-ceo-denies-interest-in-coindesk","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=10897","title":{"rendered":"Binance CEO denies interest in CoinDesk"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<h2>Ad<\/h2>\n<p>Binance CEO Changpeng \u2018CZ\u2019 Zhao has denied interest in purchasing the crypto media outlet, CoinDesk.<\/p>\n<p>In a March 14 tweet, Zhao denied Blockwork\u2019s report that his exchange was trying to acquire the media firm through its CoinMarketCap subsidiary.<\/p>\n<p>According to Zhao, Binance is \u201cnot buying\u201d CoinDesk because it does not fit its \u201cgeographic coverage.\u201d<\/p>\n<p>\u201cNot \u2018on hold\u2019.\u00a0Not buying.\u00a0It may be a good business. But not a fit in our geographic coverage.\u201d<\/p>\n<p>CoinDesk is a leading crypto media platform belonging to Digital Currency Group (DCG) \u2014 the parent company of bankrupt Genesis and crypto investment firm Grayscale.<\/p>\n<p>Reports had revealed that DCG was looking to cash in on the media firm due to the liquidity issues it faced with its bankrupt subsidiary. As of January, CoinDesk CEO Kevin Worth confirmed that the company was shopping for a buyer.<\/p>\n<p>Cardano (ADA) founder Charles Hoskinson confirmed his interest in acquiring the firm. However, he noted that the firm was overpriced at its $200 million valuation.<\/p>\n<p>Meanwhile, this is not the first time that Binance would be tied to an investment with a media firm. In 2022, the crypto exchange made\u00a0a $200 million investment in legacy media outlet Forbes.<\/p>\n<p>Besides that, the exchange invested around $500 million in Elon Musk\u2019s Twitter purchase.<\/p>\n<p> Journalist at CryptoSlate<\/p>\n<p>Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.<\/p>\n<p><strong>Disclaimer:<\/strong> Our writers&#8217; opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/binance-ceo-denies-interest-in-coindesk\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ad Binance CEO Changpeng \u2018CZ\u2019 Zhao has denied interest in purchasing the crypto media outlet, CoinDesk. In a March 14 tweet, Zhao denied Blockwork\u2019s report that his exchange was trying to acquire the media firm through its CoinMarketCap subsidiary. According to Zhao, Binance is \u201cnot buying\u201d CoinDesk because it does not fit its \u201cgeographic coverage.\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-10897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10897"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10897\/revisions"}],"predecessor-version":[{"id":10899,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10897\/revisions\/10899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/10898"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}