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Topic: Binance Finalizing Deal to Purchase CoinMarketCap! Can CMC Stay Neutral? (Read 486 times)

hero member
Activity: 966
Merit: 502
They won't ruin themselves, why would they? I have never came up to that point of thinking that they will do self-destruction after purchasing and investing millions of money to CMC.

Well,,, we thought the same about Justin Sun and TRON and for sure all their community users also thought he could not possibly self-destruct but then he kept on making the wrong moves from Pornhub to Steemit,,, now people are angry at him instead of cheering his expansion. People just need to be careful and to do things with the right mix of ambition and intent.

I do understand your rationale. I would also think in that direction too. But then this is business and in most cases monopolizing a sector yields the highest profit. However, I do hope that CZ will maintain all level of professionalism required to deliver excellent and unparalleled service while handling or managing CMC
sr. member
Activity: 1568
Merit: 283
I have stopped using coinmarketcap some long time back itself when I came to know about their manipulations. Still, not sure why binance is trying to acquire them instead of creating their own listing/ranking services. Because, like coinmarketcap there are multiple sites with listing features hence coinmarketcap may not be a successful business model no more as many people like me had decided not to touch them anymore.

So far, binance is maintaining their reputation across internet and in crypto space which means we can expect coinmarketcap services to be neutral in coming years too.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
Binance has a good reputation, of course they will not do things that make them look bad. But chances are they could have done something in CMC on a project that would rival binance
It doesn't matter a lot even binance has a very good reputation among the crypto users and then nothing changed at all There was only one thing the only change that happened in CMC was on the deritative exchange site rank.
There was no change at all in term of daily trade volume and scam exchange sites are still taking the first position
member
Activity: 770
Merit: 10
https://streamies.io/
Binance has a good reputation, of course they will not do things that make them look bad. But chances are they could have done something in CMC on a project that would rival binance
To me, Binance needs to acquire CMC to promote their upcoming projects. Their passion is to promote and attract more major investors around the world into good projects. Binance exchange is widely known by people in the crypto market, but to promote it more broadly, CMC is required. Posting and promoting posts about Binance exchanges will be essential to boost its popularity. I appreciate this investment of CZ.
hero member
Activity: 1246
Merit: 501
I was surprised to read this news, binance should not need to do that, binance is a big market and high demand there if binance continues to provide major updates or big news I think binance will be the number one exchanger for forever
sr. member
Activity: 994
Merit: 261
Binance has a good reputation, of course they will not do things that make them look bad. But chances are they could have done something in CMC on a project that would rival binance
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
They won't ruin themselves, why would they? I have never came up to that point of thinking that they will do self-destruction after purchasing and investing millions of money to CMC.

Well,,, we thought the same about Justin Sun and TRON and for sure all their community users also thought he could not possibly self-destruct but then he kept on making the wrong moves from Pornhub to Steemit,,, now people are angry at him instead of cheering his expansion. People just need to be careful and to do things with the right mix of ambition and intent.
I don't know about Justin Sun because I'm not following his projects and what's happening to his ventures.

But this time, CMC and BNB is a different thing. CZ is different businessman than Sun so there's no need to be compared for him. I understand that the same situation might happen for Binance because of that but let's see how they will keep themselves with this new venture.
legendary
Activity: 3094
Merit: 1127
They won't ruin themselves, why would they? I have never came up to that point of thinking that they will do self-destruction after purchasing and investing millions of money to CMC.

Well,,, we thought the same about Justin Sun and TRON and for sure all their community users also thought he could not possibly self-destruct but then he kept on making the wrong moves from Pornhub to Steemit,,, now people are angry at him instead of cheering his expansion. People just need to be careful and to do things with the right mix of ambition and intent.

They are a different project, Binance does not only do the hype, they also make the right direction that would please the supporters, unlike TRON that they are only good with hype but they are under performing on the competition of the top assets in the market.

TRON rose to top 10, but now it was dropped pretty hard, only rank at number 17 while Binance is very consistent.
https://coinmarketcap.com/
And this is what make them on top of the chain because Binance do know on how to extent itself into various sections which i havent even expect that they would really go this far.
I dont see the point for them to alter anything when it comes to stats, the entire community do know about that possibility so its impossible for them to take risk on making such action.
Lots of projects that we have seen which are only good on hyping but not really doing their stuff which do really lead up to total failure.
hero member
Activity: 2856
Merit: 667
They won't ruin themselves, why would they? I have never came up to that point of thinking that they will do self-destruction after purchasing and investing millions of money to CMC.

Well,,, we thought the same about Justin Sun and TRON and for sure all their community users also thought he could not possibly self-destruct but then he kept on making the wrong moves from Pornhub to Steemit,,, now people are angry at him instead of cheering his expansion. People just need to be careful and to do things with the right mix of ambition and intent.

They are a different project, Binance does not only do the hype, they also make the right direction that would please the supporters, unlike TRON that they are only good with hype but they are under performing on the competition of the top assets in the market.

TRON rose to top 10, but now it was dropped pretty hard, only rank at number 17 while Binance is very consistent.
https://coinmarketcap.com/
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
They won't ruin themselves, why would they? I have never came up to that point of thinking that they will do self-destruction after purchasing and investing millions of money to CMC.

Well,,, we thought the same about Justin Sun and TRON and for sure all their community users also thought he could not possibly self-destruct but then he kept on making the wrong moves from Pornhub to Steemit,,, now people are angry at him instead of cheering his expansion. People just need to be careful and to do things with the right mix of ambition and intent.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
~snip~
Binance is still on top and I’m sure they will not ruin their reputation while owning the CMC on manipulating the numbers. I think this is already a final decision for binance to take over the CMC, they are so aggressive on improving their company and that’s why BNB is a good coin as well.
They won't ruin themselves, why would they? I have never came up to that point of thinking that they will do self-destruction after purchasing and investing millions of money to CMC.

It's probably part of their plan and there's more to go as soon as they have enough again to buy.

That's likely an expansion for them to thrive and compete more for the upcoming years.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
I very much doubt that Coinmarketcap will remain neutral after this resource is bought by Binance.  I think that there is nothing even to suggest a different scenario for the development of events on this subject, since you only need to look at certain points that speak for themselves.  Binance is a cryptocurrency exchange that will always fight for its rating, in addition it is a exchange that conducts IEO of new projects that need some support.  In any case, it will be a huge temptation to use CMC to your advantage.
You have a point and since it's already acquired by Binance. I've looked to the top 3 categories for exchanges ranking on CMC.

Top 100 by Adjusted Volume
https://coinmarketcap.com/rankings/exchanges/
Binance #18

Top 100 by Reported Volume
https://coinmarketcap.com/rankings/exchanges/reported/
Binance #1

Top 50 by Liquidity
https://coinmarketcap.com/rankings/exchanges/liquidity/
Binance #3

Before, I haven't seen them rank 1 even with reported volume or prolly missed that moment.

Ive seen for sometime wayback CMC hadnt purchased yet by Binance that they do actually able to get that top 1 spot but not on daily to daily basis when it comes to liquidity and reported volume
but theres no doubt that Binance is one of the top and now that it is already owned by them then it wont be surprising if they would just simply list out their names to be on the top of the pyramid.
Of course, you bought it then its a sure thing that you are aiming something when it comes to benefits knowing that CMC is been commonly used by the majority when it comes on checking the
market condition.
It's not on a daily basis because they weren't as popular as before but things might change depending how they will take advantage after owning the said website.

As I can see for the reported volume, they're still number one and it's a valid info.
full member
Activity: 1316
Merit: 108
Today, there are many trading exchanges on the cryptocurrency market that have a very dubious reputation, and some show disrespect to their customers, delaying or canceling withdrawals.  I have been using the services of Binance for quite some time and am quite pleased with this cryptocurrency exchange thanks to a clear and easy interface and good technical balance.  This resource has never let me down or cheated on me, therefore, any actions of the administration to expand my business, I think, will benefit all Binance's customers only and there is no reason to doubt the objectivity of CMC.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
I very much doubt that Coinmarketcap will remain neutral after this resource is bought by Binance.  I think that there is nothing even to suggest a different scenario for the development of events on this subject, since you only need to look at certain points that speak for themselves.  Binance is a cryptocurrency exchange that will always fight for its rating, in addition it is a exchange that conducts IEO of new projects that need some support.  In any case, it will be a huge temptation to use CMC to your advantage.
You have a point and since it's already acquired by Binance. I've looked to the top 3 categories for exchanges ranking on CMC.

Top 100 by Adjusted Volume
https://coinmarketcap.com/rankings/exchanges/
Binance #18

Top 100 by Reported Volume
https://coinmarketcap.com/rankings/exchanges/reported/
Binance #1

Top 50 by Liquidity
https://coinmarketcap.com/rankings/exchanges/liquidity/
Binance #3

Before, I haven't seen them rank 1 even with reported volume or prolly missed that moment.

Ive seen for sometime wayback CMC hadnt purchased yet by Binance that they do actually able to get that top 1 spot but not on daily to daily basis when it comes to liquidity and reported volume
but theres no doubt that Binance is one of the top and now that it is already owned by them then it wont be surprising if they would just simply list out their names to be on the top of the pyramid.
Of course, you bought it then its a sure thing that you are aiming something when it comes to benefits knowing that CMC is been commonly used by the majority when it comes on checking the
market condition.
member
Activity: 770
Merit: 10
https://streamies.io/
The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?

Breaking the news:

https://www.cryptozink.io/binance-exchange-buys-cryptocurrency-price-index-website-coinmarketcap/
I think this is a big issue that needs serious discussion. It is clear that CZ had a lot of money on the days when the volume of the exchange increased and it seemed that all manipulation was largely from the Binance exchange. To me, this is a major step forward in our plan to manipulate the crypto market in all sectors. In the near future, they will probably develop marketing to help the crypto world to have more investors and will choose Binance as the first destination. That's my thought but I still need to watch CZ's next actions, hopefully it won't be a strong manipulation in the future.
full member
Activity: 532
Merit: 100
well i think  it will be hard for CoinMarketCap to stay neutral and independent, People will switch to alternative data  aggregators  like coingecko for a different perspective. On the positive side i think many of shady exchanges with fake volumes might perish soon.
sr. member
Activity: 1456
Merit: 280
BitByte Crypto: https://link3.to/bitbytecrypto
It'a more likely binance trying to turn crypto into CZypto  Grin. BTW , binance is trying make the crypto ecosystem centralized system. First of all, binance ceo CZ told/requested to reverse/rollback the bitcoin blockchain after the hacking incidents and now bought CMC to take control over the market analysis. This could be a problem in future.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
I very much doubt that Coinmarketcap will remain neutral after this resource is bought by Binance.  I think that there is nothing even to suggest a different scenario for the development of events on this subject, since you only need to look at certain points that speak for themselves.  Binance is a cryptocurrency exchange that will always fight for its rating, in addition it is a exchange that conducts IEO of new projects that need some support.  In any case, it will be a huge temptation to use CMC to your advantage.
You have a point and since it's already acquired by Binance. I've looked to the top 3 categories for exchanges ranking on CMC.

Top 100 by Adjusted Volume
https://coinmarketcap.com/rankings/exchanges/
Binance #18

Top 100 by Reported Volume
https://coinmarketcap.com/rankings/exchanges/reported/
Binance #1

Top 50 by Liquidity
https://coinmarketcap.com/rankings/exchanges/liquidity/
Binance #3

Before, I haven't seen them rank 1 even with reported volume or prolly missed that moment.
member
Activity: 111
Merit: 10
CoinMarketCap worth $400M? Wow that's really a lot of money and Binance willing to spent $400M to buy CoinMarketCap? You bet Binance will make sure that $400M well spent which leading to a not-so-neutral CoinMarketCap anymore.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
Binance is big exchange and has a very good reputation of course it will remain neutral maybe in the future there will only be a change in appearance or something and I will certainly still trust coinmarketcap
There's no need to feel doubt about that again but as far as i know if binance can do anything with it. The good news about that if that will stand alone and it will never join in the family of binance service platform.
I hope will bring a neutral position to the CMC. This can be good news for sure.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
I think for any neutral can happen in crypto, but with a good reputation in binance itself will probably eliminate the fake volume that is in many exchanges.
indeed, at first glance, we seem to be inseparable from the hype binance that wants to control space in crypto.
after this what else do they want to do ??....

I this this would happen, Binance been known for giving the real volume, if they will show in CMC the real volume of their competitor that would make them improve their standing, it will actually be a threat for some exchanges but this would help Binance a lot to be more successful.
legendary
Activity: 2884
Merit: 1117
The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?

Breaking the news:

https://www.cryptozink.io/binance-exchange-buys-cryptocurrency-price-index-website-coinmarketcap/
How could binance make sure that the data they are getting is not bots? I mean there are so many places that basically acts like they have huge sums of volume but in reality they do not, most of the volumes listed on the cmc is actually wrong and most of them are bots, but how can you prove it?

There is no tangible thing that you can show people why it is wrong, hell we even know this because we feel it is fake and we have seen the fake movements and some of us even been there, otherwise you wouldn't know about it by just looking at the numbers. Hopefully binance would find a way but I doubt they can, it is not something that you can see clearly, so it is going to be a very very very big challenge for binance to remove bot volume and only have the real ones.
sr. member
Activity: 1876
Merit: 259
I think for any neutral can happen in crypto, but with a good reputation in binance itself will probably eliminate the fake volume that is in many exchanges.
indeed, at first glance, we seem to be inseparable from the hype binance that wants to control space in crypto.
after this what else do they want to do ??....
full member
Activity: 616
Merit: 100
www.jacs.tech
Binance is big exchange and has a very good reputation of course it will remain neutral maybe in the future there will only be a change in appearance or something and I will certainly still trust coinmarketcap
legendary
Activity: 2450
Merit: 1047
The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?

Breaking the news:

https://www.cryptozink.io/binance-exchange-buys-cryptocurrency-price-index-website-coinmarketcap/

Don't expect it, they spend millions of dollars to serve their interest, instead of creating their own they get a stable one, Google has been doing that so they are now the most dominant company in the internet, and this is what Binance is doing right now, we'll see it's output after the acquisition.
sr. member
Activity: 1876
Merit: 318
To be honest I do not like this news, hopefully binance fails to buy the coinmarketcap site. Because if successful the coinmarketcap site was
bought by binance, CZ will make the coin marketcap not neutral. Now that the cryptocurrency world is increasingly being centralized, this will
be bad towards the future of cryptocurrency.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?

Breaking the news:

https://www.cryptozink.io/binance-exchange-buys-cryptocurrency-price-index-website-coinmarketcap/

When a person gets all the power. Then it is hard to expect anything good there. Now binance can send data to cmc what they want!  Wink CZ has acquired CMC, which means that there is certainly a purpose behind it. We can only hope their intentions are good for crypto. We will find out in the next few days what their true purpose is.
sr. member
Activity: 2226
Merit: 259
Buzz App - Spin wheel, farm rewards
~Snipped ~
Of course, by acquiring coinmarketcap by binance, will make coinmarketcap better and neutral in providing information about cryptocurrency

Well, about the neutrality, we don't know if Coinmarketcap would truly continue with their current listing methods. However, I know one thing for sure. It's the fact that or Binance Launchpad IEO tokens will get priority listing.  

Aside from that, I don't see much changes coming to Coinmarketcap. I just hope they retain their userbase though as CMC is one of the top 5 most visited crypto websites.

Binance IEO projects legally got top ranking in coinmarketcap, these launched projects are capable to reach big success as fer as Binance launchpad IEO's. Still now those all of coins are already ranked up within top 200 coins. It’s not like own of CMC by CZ, it’s a deal of collaboration but definitely CZ will try to keep neutrality in every stage likes token listing,ranked and listing exchanges ranks by legitimacy.              
member
Activity: 728
Merit: 10
I can only hope that CMC will stay neutral, but I think there will be some manipulation. As mentioned above, people will still love to use Coinmarketcap, but personally I will also use alternative projects and recheck info.
full member
Activity: 1176
Merit: 104
~
That's to bring back the popularity of binance. I know that CMC has been manipulating its chart and that's why binance wanna try to acquire its first spot again. Remember binance is better on the traffic that has already got by CMC. So far it sounds interesting to know more about that.

Popularity? They are already popular in crypto space and already made a reputation when it comes to exchange and innovation of its exchange. Of course, going back they will have a hidden agenda in getting CMC, maybe, they are good for all and only for them.
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
I doubt the CMC will be a better place if the Binance want to buy the CMC. The fake trading data and wast trading are the two biggest problems of the CMC, fixing this will take the time. I don't think the transparency will be the same in the new model of CMC. Binance will be the hegemony crypto exchange if they start to do the same thing for all type of crypto websites.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
We cannot expect what will be the first move and the next by CMC once it's acquired by CZ. He has all the power to do what he wants with this most popular coin tracker because he'll take it.

I guess most of you are thinking that he'll manipulate the data and tabulate that's being shown by CMC. We don't know until we finally see when his management is the one who entirely manages the whole website. Maybe he will get rid of those dead coins.
hero member
Activity: 2268
Merit: 507
It may or it may not. Why? Okay, okay, let us put up on this point. Let just say binance owns CMC and CMC listed a lot of binance's competitors. What should they do? Of course, there is a hidden agenda in everything even though they say that they will remain neutral. if they remain neutral then it is like you are owning a Samsung phone while promoting Iphone.
That's to bring back the popularity of binance. I know that CMC has been manipulating its chart and that's why binance wanna try to acquire its first spot again. Remember binance is better on the traffic that has already got by CMC. So far it sounds interesting to know more about that.
hero member
Activity: 3010
Merit: 794
The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?


No, because it' own by a certain exchange now, but the fact that it's Binance who owned it, people would still love using CMC.
Both have good reputation, if one destroy its reputation, the other will be affected, so I think this is good for the crypto market and I just like the aggressiveness of Binance.

It would only have 2 outcomes wether people would stick out on visiting CMC or would completely stop.I dont see much of difference because if CZ would make up changes
then it would be noticeable by the public specially if its already owned by Binance.

If CMC would decide to sell it out then theres nothing we can do and as mentioned there were lots of alternatives when it comes to checking market prices not only Cmc but
cant really deny that majority do really rely nor do visit cmc.

Didnt expect that even cmc would be purchased by Cz. hmmm
full member
Activity: 1176
Merit: 104
It may or it may not. Why? Okay, okay, let us put up on this point. Let just say binance owns CMC and CMC listed a lot of binance's competitors. What should they do? Of course, there is a hidden agenda in everything even though they say that they will remain neutral. if they remain neutral then it is like you are owning a Samsung phone while promoting Iphone.
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
~Snipped ~
Of course, by acquiring coinmarketcap by binance, will make coinmarketcap better and neutral in providing information about cryptocurrency

Well, about the neutrality, we don't know if Coinmarketcap would truly continue with their current listing methods. However, I know one thing for sure. It's the fact that or Binance Launchpad IEO tokens will get priority listing.  

Aside from that, I don't see much changes coming to Coinmarketcap. I just hope they retain their userbase though as CMC is one of the top 5 most visited crypto websites.
sr. member
Activity: 1694
Merit: 268
Binance #SWGT dan CERTIK Audited
I think of course now binance has full power to manage the data available on coinmarketcap, so I really hope that coinmarketcap can provide data related to trade, market, capitalization, and altcoin correctly and real without any data manipulation as before, we can see how on the list market  in coinmarketcap many scam markets place at the top of the list so that it is very detrimental for many traders / investors who really want data that is completely true and accurate to be used as a reference in trading.
Of course, by acquiring coinmarketcap by binance, will make coinmarketcap better and neutral in providing information about cryptocurrency
hero member
Activity: 1568
Merit: 511
Well from news

According to Chan, Binance did its best to ensure that CMC can continue to adhere to its own listing methodology
Source: https://cointelegraph.com/news/binance-announces-coinmarketcap-acquisition-cz-gives-the-scoop

Then
"CMC will still continue to operate as an independent business entity, both Binance and CMC emphasized"

Seems like it will be a single entity but more like a parents organization/sub organization
Thus, we can assume that CMC could stay Neutral for short term and we will see in the long run
full member
Activity: 638
Merit: 118
Different people have a different opinion on this matter, which is normal! Personally, I think Coinmarketcap will have neutral data than before, as we saw fake volume exchanges took the first places and real volume exchange ranks were under a very low rank, that won't be ever, because Binance won't allow such shady business! But I have a doubt about BNB and Binance exchange! CZ will give the highest rank for Binance exchange for always and BNB's volume will be huge, I mean they will manipulate it and all those coins that came through Binance IEO launchpad! Anything can happen, we will see the answer after a couple of days!
hero member
Activity: 1470
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No more Rekt and Bust
I doubt the CMC will be the same place after the end of the purchase program. $400mln is not a small amount but I am sure it will worth spending time&money for re-building the CMC from the scratch.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag

 Seriously it is showing on alexa that this website is between 500 and 600 in alexa traffic rating, right now around 570 for example, which is A LOT. There is only 569 other websites in the whole world that gets more visitors than coinmarketcap. Is 400 million dollars a lot of money? Sure it is, we are talking about almost half a billion dollars. However think about binance and how much they can earn from this. They can make the website look prettier and show all their own data as the best website in the whole world and they can put binance ads all over the place and basically control that traffic towards themselves.

 Is there a possibility that as soon as it is sold the number of people who visit the website will go down? Of course there is, maybe website will get worse and that is why there will be less people visiting, however that doesn't hange the fact that binance basically pays for its own advertisement for free while still owning the whole website and also makes sure that other exchanges do not put ads there neither, so not only they are promoting themselves but they are also blocking others promoting.

Binance can improve the AI that coinmarketcap is using to get  correct data. Right now CMC is just presenting inaccurate information that junk exchanges using their bots to make it appear like they have volume but their AI can't recognize its bots so it ranked these exchanges on top. And the team who has no idea are making negotiations to them for IEO.
hero member
Activity: 2156
Merit: 575

 Seriously it is showing on alexa that this website is between 500 and 600 in alexa traffic rating, right now around 570 for example, which is A LOT. There is only 569 other websites in the whole world that gets more visitors than coinmarketcap. Is 400 million dollars a lot of money? Sure it is, we are talking about almost half a billion dollars. However think about binance and how much they can earn from this. They can make the website look prettier and show all their own data as the best website in the whole world and they can put binance ads all over the place and basically control that traffic towards themselves.

 Is there a possibility that as soon as it is sold the number of people who visit the website will go down? Of course there is, maybe website will get worse and that is why there will be less people visiting, however that doesn't hange the fact that binance basically pays for its own advertisement for free while still owning the whole website and also makes sure that other exchanges do not put ads there neither, so not only they are promoting themselves but they are also blocking others promoting.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
I can't belive cmc could worth anything remotely close to 400 million dollars. I mean that is literally crazy to think about, 400 MILLION DOLLARS? Really? Maybe 4 million dollars is okay but 400!!! That is waaaaaay more than I assumed it could ever worth. Surely they must have done their math and there must be some INSANE number of people visiting everyday and the advertisement could be really huge etc etc which means cmc must really worth something around 400 million that I have no idea why but can be actually bought.

In the end it will be more like satoshidice if you ask me. Satoshidice was the biggest and for the longest time only crypto gambling place, someone bought it for thousands of bitcoin spending millions of dollars of that day (lot more now) and now its all gone as you can see.
hero member
Activity: 2366
Merit: 504
It can stay neutral for any service that is not related to the binance service but i doubt about credibility when it comes to the binance's data result. We know that even so many people know very well if there was a lot of accusations to the binance caused by it's also doing pump and dump scheme on its exchange site.
full member
Activity: 1498
Merit: 146
Since binance has great reputation then there is a chance for the coinmarket cap also acquire the same reputation and get more users and traffic but Binance have to stay neutral or they are going to lose their invested capital since we already have more alternatives for coinmarketcap.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?


No, because it' own by a certain exchange now, but the fact that it's Binance who owned it, people would still love using CMC.
Both have good reputation, if one destroy its reputation, the other will be affected, so I think this is good for the crypto market and I just like the aggressiveness of Binance.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
Well its going to make a lot of changes around when CZ is around. Decentralization somehow looks very like a myth this time, its all just binance getting all the time getting attention and buying crypto projects and businesses. That steemit wouldn't be forked if its not because of them. Years later that fork will also be forked if it gets worse and the reason could be still them.
member
Activity: 406
Merit: 10
No, Coinmarketcap is most likely losing a lot of traffic due to this, including me. I'm sure there will be Binance banners all over the site, and I wont be able to trust the data it shows anymore, since CZ has been involved in so many shady things already. (Hint: Steem).

Coingecko will be the place to be moving forward, at least for me.

What we are seeing here is everything becoming "centralized", which I don't like at all. Crypto is supposed to be decentralized, which is why I'm such a huge fan of projects like Blocknet, who builts the infrastructure to a completely decentralized network consisting of their XRouter, XCloud, and XBridge. Do your own research though
jr. member
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The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?

Breaking the news:

https://www.cryptozink.io/binance-exchange-buys-cryptocurrency-price-index-website-coinmarketcap/
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