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Binance has officially announced its purchase of CoinMarketCap “for an undisclosed sum”, thought to be up to $400 million in a cash and share deal. CMC founder Brandon Chez is immediately out to “focus on his family” and will be replaced as interim CEO by current CMC Chief Strategy Officer Carylyne Chan.
https://cointelegraph.com/news/binance-announces-coinmarketcap-acquisition-cz-gives-the-scoop
It's true, the rich do get richer—here's why... The debate over inequality has focused mainly on taxes, fairness and government. But two new academic papers shed light on one of the biggest drivers of wealth inequality—the higher investment returns of the wealthy. ... They also have better-performing investments.