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Author Topic: Now Binance owns CMC! A Red alert for all the shit Exchanges!  (Read 706 times)
pacman7331
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March 31, 2020, 10:10:32 PM
 #1

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?

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March 31, 2020, 11:08:28 PM
 #2

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

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March 31, 2020, 11:14:41 PM
 #3

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
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April 01, 2020, 12:07:01 AM
 #4

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
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April 01, 2020, 12:47:28 AM
 #5

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.

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April 01, 2020, 01:01:02 AM
 #6

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/

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April 01, 2020, 01:22:05 AM
 #7

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.

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April 01, 2020, 03:00:13 AM
 #8

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.

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April 01, 2020, 03:13:48 AM
 #9

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

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April 01, 2020, 04:03:47 AM
 #10

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.

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April 01, 2020, 04:31:18 AM
 #11

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?

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April 01, 2020, 04:44:25 AM
 #12

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.
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April 01, 2020, 04:59:38 AM
Merited by Pffrt (1)
 #13

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?

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April 01, 2020, 05:38:31 AM
 #14

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.

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pacman7331
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April 01, 2020, 05:44:20 AM
 #15

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://bitcointalk.org/index.php?topic=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

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April 01, 2020, 05:57:14 AM
 #16

So are you concern about this those shitty exchange that's why you gave them warning?

I thought everyone here wanted coinmarketcap with the real trade volume and not ranking up those fake and shitty exchanges? I think this will bring more good in cryptosphere when Binance takes over. Coinmarketcap has the reputation to advertisement scam projects as well, I do hope that with Binance at the helm, we won't see banners of some projects that are just as shit and scammy as every other projects in the wild. So let's see how Binance will improved coinmarketcap, it people don't see any, I'm sure they will move to other options as there are a lot of coinmarketcap competitors out there.

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April 01, 2020, 06:31:24 AM
 #17

I'm glad this is happening, it's finally time to get rid of crappy projects and shitty exchanges off CMC, CZ don't take shit and he is ready to take crypto to a new place, reputation matters the most to CZ not money, now new projects will have to choose from well rated exchanges

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April 01, 2020, 06:40:34 AM
 #18

There might be changes when Binance has a coinmarketcap website. We know that all this time, coinmarketcap data has always been one of the references when deciding on good coins for short and long-term investments and with the inclusion of Binance, it may change the rating and tokens listed on coinmarketcap because many currently do not have volume but keep listing on the website

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April 01, 2020, 06:46:43 AM
 #19

I'm glad this is happening, it's finally time to get rid of crappy projects and shitty exchanges off CMC, CZ don't take shit and he is ready to take crypto to a new place, reputation matters the most to CZ not money, now new projects will have to choose from well rated exchanges
Honestly he seem to be really understanding what crypto market and crypto industry really lacks of and fills it by himself.
I hope cmc will be much better from now on
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April 01, 2020, 07:06:33 AM
 #20

I'm not 100% sure yet that binance now owns coinmarketcap, I think the deal is not done yet but honestly I'm looking forward to it, someone has to set things right in crypto space, looking at how binance team handled things since past years I'm well pleased with going for coinmarketcap

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