Binance invests $200M in Forbes to boost consumer knowledge on Bitcoin
“Media is an essential element to build widespread consumer understanding and education,” Binance CEO CZ said. Binance, the world’s largest cryptocurrency exchange by trading volumes, is making a strategic investment in the 104-year old magazine Forbes to improve consumer understanding of cryptocurrencies and blockchain.Forbes and Magnum Opus Acquisition Limited, a publicly-traded special purpose acquisition company (SPAC), officially announced Thursday securing a $200 million strategic investment from Binance.Forbes previously announced plans to go public through a business combination....
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Binance Smart Chain became quite popular as an Ethereum alternative during the latter’s peak of network congestions and gas fee issues. Decentralized blockchain ecosystem Binance Smart Chain (BSC) announced on Tuesday that the Binance Chain and Binance Smart Chain are uniting under a new name, BNB Chain, in a bid to reflect their connection with the native token of the ecosystem Binance Coin (BNB).According to a press release, BNB now stands for “Build and Build” instead of short for Binance Coin. Powered by BNB, the BNB Chain will introduce advanced capabilities and focus on building Web3....
Reports indicate that the world’s largest cryptocurrency exchange by trade volume, Binance, has announced the crypto company has committed to investing $200 million into the American business magazine Forbes. The digital currency company Binance confirmed the $200 million stake into Forbes on the social media platform Twitter.
Binance Pledges $200 Million to Forbes
Binance has made a $200 million investment into Forbes, the U.S.-based business magazine and digital publisher owned by the Forbes family and Integrated Whale Media Investments. A report published by CNBC, and....
Big banks continue to explore Bitcoin and cryptocurrency’s long-term value proposition after shunning the asset class for years. A lot has changed since I first started covering Bitcoin (BTC) in 2012. A market once relegated to the deepest corners of the internet has now spawned a global revolution that has forced corporations and governments to form an opinion on digital assets. Now, Wall Street is chiming in, with analysts at major banks increasingly convinced that crypto is a maturing asset class with long-term potential.That was the general takeaway of a new report from Wells Fargo’s....
Binance, the world’s largest and richest crypto exchange, announced to make an attractive investment of $200 million in Forbes, a more than 104 years well-known magazine and digital publisher, CNBC reported. According to the people involved in the final deal, the funds inducted in Forbes will help out its plan to merge with a publicly […]
Binance sued Forbes for defamation Wednesday over a story last month that purported to reveal regulatory evasion tactics.