Binance Forgives Bloomberg After Receiving Apology For Defamatory Coverage

Quick Summary:

Formally, Bloomberg Businessweek has apologized to Binance and Changpeng Zhao, co-founder, for a 2022 story that falsely characterized Zhao as the head of a “Ponzi scheme.” Related Reading: Bitcoin Bites The Dust?

He said that the defamatory coverage had encouraged “hate, scorn, and mockery” directed toward Binance, a major participant in the bitcoin market, and him.

His criticism reminds us very much of the importance of media sources striving for honesty and impartiality, particularly in relation to difficult and divisive subjects like cryptocurrencies.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: Cryptocurrency Blockchain Binance News Crypto News Bloomberg

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 17:00:28 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21676334

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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