How Binance Turned Its Failed Token ICO Into A Billion Dollar Windfall

How Binance Turned Its Failed Token ICO Into A Billion Dollar Windfall

The mythology surrounding the rise of the world’s largest crypto exchange is impressive. However, a Forbes investigation reveals that Binance’s 2017 initial coin offering was a flop, that it quietly took advantage of to amass a lucrative crypto warchest. By Javier Paz, Forbes Staff PART I As Sam Bankman-Fried, the disgraced founder of its former … Read more

Binance Looks Beyond The Dollar For Stablecoin Replacement

Binance Looks Beyond The Dollar For Stablecoin Replacement

Changpeng Zhao, Binance’s cofounder and CEO, at the Web Summit in Lisbon, Portugal on November 1, 2022. (Photo by Pedro Fiúza/NurPhoto via Getty Images) NurPhoto via Getty Images It may be the world’s seventh-most-valuable cryptocurrency, but Binance is quickly turning away from its doomed namesake stablecoin and considering alternative formats, pegs and partners. With the … Read more