• Binance buys CoinMarketCap
    Commentary,  Cryptocurrencies

    Binance buys CoinMarketCap, raising skepticism and doubts

    From an eyewatering reported price tag of $400 million to concerns about whether the crypto ratings site can maintain its neutrality, Changpeng ‘CZ’ Zhao’s latest purchase is raising eyebrows

    Binance CEO Changpeng "CZ" Zhao reportedly spent as much as $400 million on CoinMarketCap. If true, that’s a princely—if not laughable—sum, especially during a market crash of such historic proportions that investments and acquisitions in nearly every industry have dried up.