Circle is a fintech startup that turns payments into something that resembles text messaging.
On Monday Feb 26th news has leaked that Circle has bought Poloniex, one of the leading cryptocurrency exchanges. Poloniex has over $7 billion of daily trading volume.
With volume that large, someone in posession of the exchange could theoretically manipulate markets for profit. Or, for the sake of attacks. Considering that conventional bankers like Goldman Sachs would not mind if cryptocurrencies disappeared (after profiting madly on them of course), there have been concerns.
Here’s a collection of the most interesting Tweets with crypto twitter’s reactions to the Poloniex acquisition:
The devil aka @GoldmanSachs just purchased @Poloniex to destroy the Bitcoin network, everyone pull all your Cryptocurrency off immediately, they will confiscate all your Cryptocurrency.https://t.co/2nGpdsxj31
— Morgan (@NODEfather) February 26, 2018
Liquidity attacks, reverse market makers, damaging of brand and spam, also withdraw limitations to lock down all Cryptocurrency on site unless KYC/AML followed they will keep everyone's coins, get them out NOW
— Morgan (@NODEfather) February 26, 2018
Yes, Goldman-backed startup Circle buys #crypto exchange Poloniex.
Funded, but Goldman doesn't owns it. Circle is also backed by Chinese giant Baidu and more. Doesn't mean full China support.Its an interesting bridge, just hope now Poloniex can be not shitty anymore.#bitcoin
— Justin Wu (@hackapreneur) February 26, 2018
At first it sounds like bad news, but then again Poloniex was always kind of bad. So I guess it can't get any worse. Maybe they'll actually respond to tickets this time and answer real questions in their FAQ 🤣https://t.co/z3IePuczhU
— ಠ_ಠ ☺ ¯_(ツ)_/¯ (@StreetTeamAC) February 26, 2018
Goldman sachs stay away from crypto. U have screwed every other thing you have
— nick Williams (@Maxjoe2030) February 26, 2018
This is good for #Dogecoin.
— Shibetoshi Dogomoto (@CEOofDogecoin) February 26, 2018
Being owned by Goldman-Sachs is a good thing? Really?
— Chris (@chrisbx515) February 26, 2018
Clueless bankers bought the wrong exchange. Reminds me of Murdoch buying MySpace
— Icann Jr (@Carlicannjnr) February 26, 2018
@Poloniex was just bought @circlepay aka @GoldmanSachs get your BTC out NOW!!!! #FUCKhttps://t.co/SIg8kS7ORS
— Morgan (@NODEfather) February 26, 2018
One of the first major m&a deals in the crypto space. @circlepay acquires @Poloniex.
In other words, Goldman Sachs now owns an altcoin site lol https://t.co/vJh29MB7Ag
— Ezra Galston (@EzraMoGee) February 26, 2018
a neat thing about @GoldmanSachs buying @Poloniex is that after Better Business Bureau received many complaints about it, leaving it with a coveted one-star rating, Poloniex simply stopped responding to BBB inquiries (re: some first-hand experience) https://t.co/hrJrof0Zbj
— David Golumbia (@dgolumbia) February 26, 2018
Don't listen to what people say, observe what they do. @GoldmanSachs Backed Circle Buys @Poloniexhttps://t.co/PJTGo3zfZl
— boxmining (@boxmining) February 26, 2018
Buying a Tether exchange is not a wise move. https://t.co/tliv0upHd7
— Bitfinex'ed 🔥 (@Bitfinexed) February 26, 2018
Omg , this year will be amazing or a living hell
— Don Crypto de la Mancha (@cryptolamancha) February 26, 2018
About 3 months ago, Goldman-Sachs’ CEO was attacking bitcoin $BTC, calling it a fraud. Today, his company invests $400 million thru a subsidiary (@circlepay) to purchase @Poloniex. 🤔
— Rodolfo Ruiz (@rpruiz) February 26, 2018
Great news ! #poloniex#btc#bitcoin#eth#goldmansachs#circlepic.twitter.com/jjo3OJBQTp
— Free Coins Airdrops (@s3rj00) February 26, 2018
I'm no expert but Goldman Sachs acquiring Poloniex means many things in my opinion:
-Interest and curiosity for crypto is there
-Market manipulation is inevitable
-BTC price will drop
-BTC accumulation phase hasn't started yet
-You want to control cryto – you start buying DEX.— LuLu (@Hallvaethor) February 26, 2018
Crypto Twitter – 2017:
😡 We hate big banks, bitcoin will destroy them
Crypto Twitter – 2018:
😃 Goldman Sachs just bought Poloniex! Awesome!!! Take me to the moooooonnnnn 🚀🚀🚀🤑
— Pequeno Sereio (@peqsereio) February 26, 2018
Well played @Poloniex , #GoldmanSachs paying $400 Million for a crap exchange like #Cryptsy in 2016, lol. No exit scam needed. Obviously Goldman Sachs couldn't afford a QUALITY exchange like @BittrexExchange
— Bitcoin BTC Alt Crypto ⚡ (@CRYPT0N1TE) February 26, 2018
There is no way in hell I want Goldman Sachs holding my private keys .. Poloniex is now dead to me. #btc$BTC#crypto#cryptocurrency#decentralizeexchanges
— Swanny (@FiboSwanny) February 26, 2018
Then there fucking noobs trading on a compromised exchange. No wonder they sold it. It's garbage, lol
— 🦈Sevith🦈 (@xSevithx) February 26, 2018
Liquidity attacks, reverse market makers, damaging of brand and spam, also withdraw limitations to lock down all Cryptocurrency on site unless KYC/AML followed they will keep everyone's coins, get them out NOW
— Morgan (@NODEfather) February 26, 2018
Circle's KYC is very intrusive. Not unlikely they will want to drop the anon coin markets.
Would be ironic if $XMR gets delisted from Polo.
— CEO of Altcoins (@flyingheadofbtc) February 26, 2018
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