Bitcoin SV has been de-listed by the world’s largest exchange
Bitcoin SV Delisting – Summarised Bitcoin SV has been de-listed by the world’s largest exchange, Binance. In a huge announcement that has sent shockwaves through.
Bitcoin SV Delisting – Summarised
Bitcoin SV has been de-listed by the world’s largest exchange, Binance.
In a huge announcement that has sent shockwaves through the cryptocurrency community; Binance CEO Chanpeng Zhao confirmed that BCHSV (BSV) would be removed from their list of tradeable cryptocurrencies. The official support page lists multiple reasons why the exchange would remove a digital asset. The list includes a review ascertaining whether the asset has contributed to a healthy and sustainable crypto ecosystem. This is where Craig Wright (BSV creator) and his recent behaviour becomes relevant. Craig Wright had recently been claiming to be the creator of Bitcoin, the anonymous ‘Satoshi Nakamoto’. This had ruffled the feathers of Zhao, who then tweeted about Wright being poisonous to the Bitcoin community.
Members of the world wide crypto community believe there are only a handful of ways a person can prove oneself as Nakomoto. The easiest way is for the individual to send a transaction from Nakamoto’s known wallet. Failing that, a message using Nakamoto’s bitcointalk forum account would carry some serious weight. Craig Wright has done neither of these, or anything close. What Wright has done however, is threaten to sue crypto social media personalities such as Hodlonaut; for not recognizing him as Nakamoto.
Bitcoin SV advocates maintain that the delisting of BSV is setting a dangerous precedent. They believe that it is a form of manipulation due to price change being tied in so heavily with exchange listing and delisting. Furthermore, the ongoing feud between BCHABC and BCHSV has BSV supporters believing one side has been chosen over the other artificially, instead of letting the market decide.
One thing is for certain, Craig Wright and Bitcoin SV have their hands full. Following the Binance decision, multiple other exchanges have followed suit in delisting the digital asset including Kraken, Bitsane and Shapeshift. If Bitcoin SV is to survive, it must fight through its own ‘crypto winter’. In the meantime BTC and BCHABC are steadily pulling away in market price and share.
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Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.
Last updated October 18, 2022