Currencies35823
Market Cap$ 3.73T-0.38%
24h Spot Volume$ 73.55B-5.54%
DominanceBTC56.03%+0.12%ETH11.40%-0.60%
ETH Gas0.31 Gwei
Cryptorank
/

Bloomberg Settles with Binance: Apologizes for Defamatory Article


by CoinEdition

Share:

Bloomberg Issues Apology Over Incorrect Binance Article
  • Bloomberg Businessweek apologized to Binance and its former CEO Changpeng Zhao.
  • Bloomberg published a cover page with a misleading title in its 250th edition.
  • CZ said that Bloomberg ignored the positives and cherry-picked the negative.

Bloomberg Businessweek has issued a public apology to Binance, the world’s largest cryptocurrency exchange, and its co-founder Changpeng Zhao (CZ in the crypto space), retracting a 2022 article that labeled Zhao’s business a “Ponzi scheme.”

The magazine’s publisher, Modern Media CL, admitted the headline was “false and baseless,” promising not to repeat such claims in the future.

We have journalistic standards that should, and will, be better. To that end, we will not publish or make any allegations to the same or similar effect, in any manner whatsoever.

While apologizing for the distress caused to Binance and Zhao, Bloomberg said that in order to “right its wrong,” the media platform will make a donation to the Songzi, Hubei Province Special Education Foundation. The amount of the donation was not disclosed.

According to a Fortune report, Zhao sued Bloomberg in 2022 over the title, which the crypto entrepreneur cla…

The post Bloomberg Settles with Binance: Apologizes for Defamatory Article appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.000965

$ 0.0258

$ 0.00018

-0.28%

Share:

In This News

Coins

$ 0.000965

$ 0.0258

$ 0.00018

-0.28%

Share:

Read More

Shocking Alert: Changpeng Zhao Exposes Fake AI-Generated Autobiography Scam

Shocking Alert: Changpeng Zhao Exposes Fake AI-Generated Autobiography Scam

BitcoinWorld Shocking Alert: Changpeng Zhao Exposes Fake AI-Generated Autobiography S...
ASTER Rockets 8% Daily, BTC Price Calms at $104K: Market Watch

ASTER Rockets 8% Daily, BTC Price Calms at $104K: Market Watch

In contrast, TRUMP has dropped the most over the past day.

Bloomberg Settles with Binance: Apologizes for Defamatory Article


by CoinEdition

Share:

Bloomberg Issues Apology Over Incorrect Binance Article
  • Bloomberg Businessweek apologized to Binance and its former CEO Changpeng Zhao.
  • Bloomberg published a cover page with a misleading title in its 250th edition.
  • CZ said that Bloomberg ignored the positives and cherry-picked the negative.

Bloomberg Businessweek has issued a public apology to Binance, the world’s largest cryptocurrency exchange, and its co-founder Changpeng Zhao (CZ in the crypto space), retracting a 2022 article that labeled Zhao’s business a “Ponzi scheme.”

The magazine’s publisher, Modern Media CL, admitted the headline was “false and baseless,” promising not to repeat such claims in the future.

We have journalistic standards that should, and will, be better. To that end, we will not publish or make any allegations to the same or similar effect, in any manner whatsoever.

While apologizing for the distress caused to Binance and Zhao, Bloomberg said that in order to “right its wrong,” the media platform will make a donation to the Songzi, Hubei Province Special Education Foundation. The amount of the donation was not disclosed.

According to a Fortune report, Zhao sued Bloomberg in 2022 over the title, which the crypto entrepreneur cla…

The post Bloomberg Settles with Binance: Apologizes for Defamatory Article appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.000965

$ 0.0258

$ 0.00018

-0.28%

Share:

In This News

Coins

$ 0.000965

$ 0.0258

$ 0.00018

-0.28%

Share:

Read More

Shocking Alert: Changpeng Zhao Exposes Fake AI-Generated Autobiography Scam

Shocking Alert: Changpeng Zhao Exposes Fake AI-Generated Autobiography Scam

BitcoinWorld Shocking Alert: Changpeng Zhao Exposes Fake AI-Generated Autobiography S...
ASTER Rockets 8% Daily, BTC Price Calms at $104K: Market Watch

ASTER Rockets 8% Daily, BTC Price Calms at $104K: Market Watch

In contrast, TRUMP has dropped the most over the past day.