Re: Binance may acquire the Coinmarketcap by 400 Million USD!

Quote from: pacman7331 on Today at 10:45:55 AM

It seems Binance is dealing with the Coinmarketcap by 400 Million USD! If it gets done then this will be one of the biggest deals in crypto history! Anyone who has an idea about the crypto industry knows the CMC name and use it! Such an important tool it is! Though CMC has a bad reputation for helping scammers! But overall, Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?

News source: https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

I prefer that CMC will be manage by independent organization that are not against nor in side of any currencies out there to maintain the balance of their data. But if CMC will fall to the hands of Binance there is a big chance that the data in CMC will not be that trustworthy compare to what we have seen right now.

Though it is only my opinion because I am not so sure yet what is the big reasons behind the action of Binance in buying the CMC. If this will not affect that much to the freedom of data in crypto world then I have no problem to it as I am also a user of CMC and almost all the data that I need are coming from that site.