It's official, CoinMarketCap is now owned by Binance the aggregator data site will be a new weapon in the hands of the cryptocurrency exchange the "leader" on the field in volume transactions, and that starts to become weird and very dangerous to the decentralized world! It's not new that the CoinMarketCap was getting some doubtful data and now to manipulate it will be more "easier"!
The influence Binance has right now in the crypto space with their strategic acquisitions leave in the air more questions about their really reasons doing that, the wealth and transparency in the field is what drive the enthusiasts that wanna see this space a hide place from the traditional ways of finance, but the way things a going that is in dangerous. The decentralized world is turning a monopoly for the ones who have capital to purchase the Main Firms and make them work for their own desires!
Let's see just in few days what they bought and did in crypto field:
1. CoinMarketCap acquisition for $400 Million.
2. Launched The Binance KR a South Korean local Crypto Exchange.
Of course developments such as the ones Binance and their CEO are doing, are great to the crypto space and bring more crypto to people worldwide causing fast mass adoption of cryptocurrency but also sounds alert when the requisite Transparency in data accuracy is being putted on test!
I will not get surprised in near future if the Bitcoin start to be accepted in China and become legal asset, can sounds creepy, but I have my reasons to believe that posture of China government banning it is just a diversion to not let others see it as future asset but in shadows they are buying high!
It's not a theory of conspiracy but all those "Chinese" acquisitions are not good to the decentralized world as their slowly are owning Bitcoin, with almost 70% of miners located in China, with the most volume transaction volumes in Binance (Chinese Company, with headquarters in Malta), the most wealth wealthiest Man in cryptocurrency ChangPeng "CZ" Zhao (Binance CEO)!
**In China the Most powerful, Influential and wealthiest Man Must be members of the Communist Party the one leading and controlling the country with Iron hand, take example of Jack Ma, the owner of Alibaba!
Well, Let's see what the way we are going to, but it's not surely what I dream in and oblivious for many ones who love the ecosystem!
*body images royalty from Pixabay.com free from commercial use.
**header image from Binance blog.
