Coin An CEO CZ Denies CoinDesk Acquisition Rumors
On March 14, according to the report of Blockworks that \”CoinMarketCap under Coin An has shelved the acquisition of CoinDesk, the encrypted media\”, CZ, the CEO
On March 14, according to the report of Blockworks that “CoinMarketCap under Coin An has shelved the acquisition of CoinDesk, the encrypted media”, CZ, the CEO of Coin An, responded on Twitter, “It is not ‘shelving’. It is not buying. It may be a good business. But it is not suitable for our geographical coverage”.
CZ responded that it would not acquire the encrypted media CoinDesk
Analysis based on this information:
In response to recent reports that Coin An had shelved the acquisition of CoinDesk, the encrypted media, CZ, the CEO of Coin An, took to Twitter to deny the claims. Coin An is a popular cryptocurrency exchange platform that has been making significant strides in the cryptocurrency industry by expanding its services and offerings. Reports had emerged on March 14th, indicating that CoinMarketCap, under Coin An, had decided against acquiring CoinDesk.
According to CZ’s tweet, the decision to refrain from acquiring CoinDesk was not a matter of shelving the idea, but rather, it was a matter of incompatibility with Coin An’s scope of coverage. In his tweet, CZ stated that “It is not ‘shelving’. It is not buying. It may be a good business. But it is not suitable for our geographical coverage.”
The decision by Coin An to refrain from acquiring CoinDesk is an interesting one, particularly given the current state of the cryptocurrency market, which is experiencing a massive boom. CoinDesk is renowned for its authoritative news and
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