Now Binance owns CMC! A Red alert for all the shit Exchanges! - page 5.

pacman7331

full member

Activity: 638

Merit: 118

Quote from: Little Mouse on March 31, 2020, 07:47:28 PM

Was this a part of April 1st Cheesy

I see you shared no link here. Also, I googled it and got no source which make me sure that it was a part of April fool. If not, please share an authentic link. It will be a good news for us.

Sorry, you missed my first thread about it. You may find here,
https://bitcointalksearch.org/topic/binance-may-acquire-the-coinmarketcap-by-400-million-usd-5236759 and if you search "Binance acquires CMC" on google, you will find the news by various trusted source! Therefore if you do follow CZ the CEO of Binance then you will find the news too! It's like trending on twitter, mate! However, I don't believe in April fool Cheesy

Pffrt

sr. member

Activity: 1372

Merit: 322

Quote from: avikz on March 31, 2020, 11:59:38 PM

The acquisition doesn't make sense a lot of people for obvious reasons. Some are thinking that crypto market would enter into monopoly through acquisition. However, it will make sense if you know that CMC had enjoyed 207 million web traffic in last 6 months. Can you think the amount Binance would make if they can properly monetize this huge amount of traffic?

It's not about monetization. It's all about domination/monopoly you are talking about. CZ is trying to have influence as much as possible over the crypto market and it's more clearer now. They can/can't make the amount they spend but it has certainly taken Binance to another level of power they have in the crypto market. However, I'm expecting a change in the CMC, more effective site.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: Little Mouse on March 31, 2020, 07:47:28 PM

Was this a part of April 1st Cheesy

I see you shared no link here. Also, I googled it and got no source which make me sure that it was a part of April fool. If not, please share an authentic link. It will be a good news for us.

You can check the below link:
https://news.bitcoin.com/binance-acquire-coinmarketcap-com-400m-cash-stock-deal/

The acquisition doesn't make sense a lot of people for obvious reasons. Some are thinking that crypto market would enter into monopoly through acquisition. However, it will make sense if you know that CMC had enjoyed 207 million web traffic in last 6 months. Can you think the amount Binance would make if they can properly monetize this huge amount of traffic?

Polar91

hero member

Activity: 1120

Merit: 553

Filipino Translator 🇵🇭

Quote from: pacman7331 on March 31, 2020, 05:10:32 PM

I believe from now the crypto market will have less negativity, less scam exchange and tokens. What do you think guys about it? Am I expecting too much or its okay?

That's a good news mate but we can not say now that what cmc will show would be fair. Since they now own it as you said in which I can't prove as you don't referrenced it can certainly result pros and cons to the cryptocurrency traders/investors. The positive is that since they are trusted, we can say that what cmc will show on its data is true as what it supposed to be. On the other side the negativity is that Binance's dominance will increase repidly thus some exchanges would be left behind.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

It appears that the China men are beginning to become the kings of the cryptospace hehehe. Changpeng Zhao has also bought Dappreview, Trustwallet and Indian cryptocoin exchange WazirX. Also, his best friend Justin Sun of Tron has also bought Poloniex, Bittorrent and Steemit.

Are they manoeuvering their businesses together?

Davian144

hero member

Activity: 2576

Merit: 579

Quote from: Utoy101 on March 31, 2020, 06:14:41 PM

I agree with all your point, binance did set a standard in the cryptocurrency market and I'm sure that acquiring of coinmarketcap by binance will help fight fake volumes of both exchanges and tokens. We need to see more guenuity in this space

Yes, if Binance and Coinmarketcap can help fight fake volumes, it will also be very helpful to many people who frequently visit the coinmarketcap site, because at this time there are so many low exchanges that create fake volumes to be ranked at the top.

Python Master

copper member

Activity: 406

Merit: 1

Quote from: Lagduf on March 31, 2020, 10:00:13 PM

Quote from: Python Master on March 31, 2020, 08:22:05 PM

I read about this yesterday at https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million but it seems that the deal is not done yet. I think it takes weeks for Binance to complete this action. I hope after this Binance will make CoinMarketCap fresh and nuke scam and fake volume exchanges.

That comes from the blockcrypto and i doubt about the credibility of the news that has already published by this crypto news site. I remember when this site was an opposition to the binance exchange site.
400 million dollars is non-sense rate to be paid for a normal capitalization site without any interesting feature that fully manipulated.

It's just the link i read, several different links about this deal are posted above my post. You can read them

Lagduf

sr. member

Activity: 1162

Merit: 260

Quote from: Python Master on March 31, 2020, 08:22:05 PM

I read about this yesterday at https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million but it seems that the deal is not done yet. I think it takes weeks for Binance to complete this action. I hope after this Binance will make CoinMarketCap fresh and nuke scam and fake volume exchanges.

That comes from the blockcrypto and i doubt about the credibility of the news that has already published by this crypto news site. I remember when this site was an opposition to the binance exchange site.
400 million dollars is non-sense rate to be paid for a normal capitalization site without any interesting feature that fully manipulated.

Python Master

copper member

Activity: 406

Merit: 1

I read about this yesterday at https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million but it seems that the deal is not done yet. I think it takes weeks for Binance to complete this action. I hope after this Binance will make CoinMarketCap fresh and nuke scam and fake volume exchanges.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: Little Mouse on March 31, 2020, 07:47:28 PM

Was this a part of April 1st Cheesy

I see you shared no link here. Also, I googled it and got no source which make me sure that it was a part of April fool. If not, please share an authentic link. It will be a good news for us.

We will see next coming weeks if this is only a joke or real. $400M is a huge money but we know that BNB have that money readily available. Maybe we will see some good changes in CMC. You can check these few links. But we will know the answer in the next couple of weeks.

https://news.bitcoin.com/binance-acquire-coinmarketcap-com-400m-cash-stock-deal/

https://coingape.com/binance-acquisition-cmc-400-million-criticized/

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Was this a part of April 1st Cheesy

I see you shared no link here. Also, I googled it and got no source which make me sure that it was a part of April fool. If not, please share an authentic link. It will be a good news for us.

patz22

full member

Activity: 1176

Merit: 104

I would say that Binance and CZ are really the game changer when it comes to cryptospace, they are innovating and developing every now and then. Surely, CMC will be improved when they are going to manage it and when they do that, yes, first things first, get rid of those shit exchanges and coins on the market cap

Utoy101

member

Activity: 368

Merit: 11

I agree with all your point, binance did set a standard in the cryptocurrency market and I'm sure that acquiring of coinmarketcap by binance will help fight fake volumes of both exchanges and tokens. We need to see more guenuity in this space

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Has the transaction already done? I have seen some news about that but it's speculation only from someone. It's very interesting to know more about how the result of this news.
CMC will be cleaned from so many scam coins. I like that about how binance will bring CMC into the right way

pacman7331

full member

Activity: 638

Merit: 118

Binance never compromised with their reputation. This exchange got hacked several times but they protected the users' funds, so, no one left the Binance exchange!
A lot of people stopped looking at Coinmarketcap, as they did nothing against faked volume exchanges/tokens! Rather most of the shit exchanges are available in the top rank!
Even a shit exchange called Tagz climbed up to the first rank, now their volume likely zero! I did not participate in Tagz bounty, because it looked shit at first sight!

So, now, as Binance owns the CMC, so, they will rank up only the real volumed exchanges like Bittrex, Kucoin, Poloniex, Kraken and so on! And exchanges like Hotbit, Coinsbit, Bilaxy will go as low rank as they deserved, all of their fake volumes will be washed out! So, I am very much happy now! I made a couple of threads against these fake exchanges and CMC's silent habit against scam exchange! Now, we are gonna see what we asked for!

I believe from now the crypto market will have less negativity, less scam exchange and tokens. What do you think guys about it? Am I expecting too much or its okay?

Topic: Now Binance owns CMC! A Red alert for all the shit Exchanges! - page 5. (Read 767 times)