Binance's Co-founder & CEO Changpeng Zhao speaks during the 2022 Web Summit in Lisbon, Portugal, on November 1, 2022. Ben Mcshane | Sportsfile | Getty ImagesOutflows from Binance have amounted to more than $1 billion in the past 24 hours, not including bitcoin, according...

Understanding the difference between revenue and profit is essential in understanding basic and complicated economics. Even if you don't know exactly what these terms mean, you've heard the words in passing. Profit is money in your pocket, and revenue is sales, right? While that is...