![]() The proposed transaction is another step into the financial mainstream for cryptocurrency, which has moved from the fringes of finance to a $2tn global market at the forefront of Web3, the catch-all term for the latest iteration of the internet. The lawsuit was dropped by Binance in February last year. The cryptocurrency exchange called the story “false, misleading and highly defamatory” and claimed it had cost the business millions of dollars. Binance sued Forbes and two of its writers in November 2020 after the publication of a story that claimed Binance “conceived of an elaborate corporate structure designed to intentionally deceive regulators”. ![]()
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