Binance to acquire CoinMarketCap in $400 million deal

If reports about the price are true, the deal stands as one of the top M&A deals in crypto history. Circle, now a shell of its former self, purchased Poloniex for $400 million in 2018 but has since spun off the exchange and pivoted to focusing on stablecoins. With its extensive (although often questionable) data on prices, volumes https://cryptominer.services/easy-pdk-programmer-for-padauk-microcontroller-eda/ and other metrics for 5,290 cryptocurrencies, CMC has served as a dragnet for retail investors since its launch in 2013. The Metadata endpoint, which returns all static metadata for one or more exchanges. This information includes details like launch date, logo, official website URL, social links, and market fee documentation URL.

It establishes ownership without question because the token’s network validators must verify ownership through a consensus. In spite of, or maybe because of the recent high volatility of this asset class, cryptocurrencies are even more part of the mainstream discourse in finance, in which “buy low, sell high” is the cardinal rule. After Bitcoin and others tumbled earlier in 2022, Bloomberg reported that it may https://bitcoin-mining.biz/software-testing-methodologies-learn-the-methods/ have reached its floor. “Bitcoin may be finding some support at the 2017 peak of $19,511 that, at the time, was a record high for the largest cryptocurrency. The token has wavered since mid-August, dropping below the closely watched $20,000 level, but has averted a drop below the 2017 high over the period. Traders are watching technical levels to see if Bitcoin has found a floor after a 57% plunge in 2022.”

NFT API Demo

Many credit card companies see crypto purchases as a cash advance, which means that these sorts of transactions can be subject to higher rates. First, depending on your employer, you can request to get paid in Bitcoin. However, if that is not an option, then you’ll need to get acquainted https://crypto-trading.info/cryptocurrency-cfd-trading/ with various cryptocurrency exchanges and financial service providers that can sell you Bitcoin. Binance, the world’s biggest cryptocurrency exchange, has reached an agreement to acquire CoinMarketCap, one of the most-referenced crypto data websites, in an undisclosed deal.

• The acquisition “is not very good for the industry” given the conflict of interest between the parties’ missions, he said, pointing to Binance’s exchange token, BNB, as an example.
• Binance Coin (BNB) is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.
• Currently, Binance Coin is worth $249.12 with a market cap of $38.2B, a drop of 0.33% overnight.
• A cryptocurrency needs to have liquidity—meaning that it should have enough trading volume that you can sell yours quickly if you need to.
• “It’s a really good website and I think we can help grow it further,” Zhao said in an interview with CoinDesk Thursday, adding he had no immediate plans for CMC.

Some Bitcoin ATMs require you to follow AML/KYC procedures like entering your phone number or showing an ID, while others don’t — it just depends on the provider. There’s a Bitcoin rally and you are starting to feel some FOMO — let’s walk you through buying your first Bitcoin.

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If you’ve been involved in the cryptocurrency space for more than 2 hours, then I’m sure you’ve landed on CoinMarketCap at least once. The public key is used by anyone, anywhere, to send Bitcoin to your wallet address. Your private key is only for you, and you need it to access your funds — so it’s best to write it on a piece of paper and keep it safe from the prying eyes of the world. According to a report from The Block, Binance is in the final stages of making the deal happen, which will be announced later this week. “The founder is very stealth and I think has the majority of the cap table.

It’s not an exchange, but it’s a very useful tool for all crypto users. CoinMarketCap.com is one of the more useful sites for getting an overview of the cryptocurrency market. But most cryptocurrency investors don’t know how to use CoinMarketCap to its full potential in 2023, and only scratch the surface of what CMC can offer. CMC even excludes markets with no fees as there could be malicious activities going behind them.

Coinmarketcap

The Market Pairs Latest endpoint, which returns all active market pairs that CoinMarketCap tracks for a given exchange. The latest price and volume information is returned for each market. This tutorial will show you how to use the CoinMarketCap API to import bitcoin prices and cryptocurrency data into Google Sheets. Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.

If rival exchanges feel threatened by the possibility of Binance harvesting data from CMC, those firms will be “much less willing to provide low-latency and high-granularity data,” Collins said. That’s because Bitcoin represents more than 45% of the total cryptocurrency market. So when we talk about any cryptos outside of Bitcoin, all of those cryptos are considered altcoins. Somewhat later to the crypto scene, Cardano (ADA) is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification in platforms like Bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which ADA, its native coin, powers.

Data Linked to You

But, you can personalize the information you get at a glance through CoinMarketCap with an account. Scroll through this page to check prices at a glance, or click an individual coin to get live, reactive price charts, details about projects, glances at what people are saying on social media, and more. Bitcoin tends to go up, so the relative price of everything in Bitcoin is down.

The Chicago Mercantile Exchange (CME) crypto futures, including Bitcoin and ether futures, are a popular option with investors looking for indirect exposure to crypto. Bitcoin-linked exchange-traded funds (ETFs), based on CME’s Bitcoin futures, debuted in crypto markets in 2021, and more continue to emerge as brokerages work to persuade the SEC to approve crypto-linked ETFs. While there are a few additions to this new update that were good (keeping track of price per coin and transaction fees), the app now glitches more than ever. Also, the app freezes up when trying to enter additions and subtractions to my positions. I find myself having to force quit the app many times just to enter staking interest for a few coins. Sometimes the app just doesn’t work at all in the portfolio section, no matter how many times I try to refresh or relaunch the app.

Amilcar has 10 years of FinTech, blockchain, and crypto startup experience and advises financial institutions, governments, regulators, and startups. The developer, CoinMarketCap, indicated that the app’s privacy practices may include handling of data as described below. The Watchlist collects crypto projects that you’re interested in and arranges their charts on one easy-to-read page.

Bitcoin, on the other hand, was designed purely as a payment method. It became more valuable to investors, before 2022, when they noticed price increases on cryptocurrency exchanges. Shortly before the price increases, it developed a new use case as a store of value and an asset for investors who enjoy speculating. Depending on your credit card issuer and crypto exchange platform, you can buy BTC with your credit card with ease.

FCAS stands for The Fundamental Crypto Asset Score, which is a comparative metric used to determine the fundamental health of the crypto project. According to Investopedia, Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. We’ll cover all of the free plan endpoints in the following chapters. Lastly, over 15,000 users have registered for the platform, helping it reach $3.2M in funds obtained. With so much demand, experts forecast a 50x growth before its presale ends. While CMC will continue to operate independently to ensure neutral and transparent data, Binance will be contributing significantly to CoinMarketCap’s further development and projects in 2020, Chan noted.

• It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.
• These transactions aren’t stored, so it isn’t a lasting trading journal, but it helps you keep track.
• From the homepage, click the pancake menu at the top of the page to reveal a dropdown menu and select Products.
• PayPal announced in October 2020 that they will allow their customers to buy and sell cryptocurrencies, including Bitcoin, from their PayPal account.
• The CMC price conversion tool endpoint allows us to convert a specified amount of one cryptocurrency or fiat currency into other currencies by utilizing the latest market rate for each of them.
• Binance aside, CMC’s Chan said data concerns continue to be a key part of the firm’s focus.

In this guide, we’ll walk through how to pull cryptocurrency data from the CoinMarketCap API directly into Google Sheets, using the API Connector add-on for Sheets. The acquisition “is not very good for the industry” given the conflict of interest between the parties’ missions, he said, pointing to Binance’s exchange token, BNB, as an example. The CMC ID Map endpoint obtains a mapping of all currencies with their unique ID’s. Each currency obtained by this endpoint will return standard identifiers as name, symbol and token address. Tradecurve (TCRV), an upcoming hybrid trading platform currently in its presale run, will be listed on CoinMarketCap and CoinGecko. Tradecurve’s listing on these platforms will increase the project’s visibility, enhancing its reputation and accessibility among the broader crypto community.