Binance Is Considering the Purchase of CoinDesk
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The Wall Street Journal reported in January that the Digital Currency Group had intentions to sell CoinDesk, a popular digital currency and blockchain technology portal they acquired in 2016 for $600,000.
Binance, the largest crypto exchange, is considering purchasing the outlet through Binance Capital Management (BCM) for $75 million.
Blockworks sources have reported that the deal may involve the CoinMarketCap service, registered in the US state of Delaware and also previously acquired by Binance.
Negotiations have been interrupted due to fear that many journalists will leave CoinDesk if Binance becomes its majority owner.
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