• Binance CEO Changpeng “CZ” Zhao had earlier threated to delist BSV is Wright didn’t stop sending out frivolous lawsuits.
  • Following Binance’s announcement, Shapeshift and Blockchain.com announced that they are delisting BSV as well. Kraken may also join the list soon.

Binance released a statement wherein they declared that they are going to be delisting Craig Wright’s BSV token on April 22nd at 10 AM UTC. The statement reads:

“Fellow Binancians,

At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users.

When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:

  • Commitment of team to project
  • Level and quality of development activity
  • Network / smart contract stability
  • Level of public communication
  • Responsiveness to our periodic due diligence requests
  • Evidence of unethical / fraudulent conduct
  • Contribution to a healthy and sustainable crypto ecosystem

Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following coin on 2019/04/22 at 10:00 AM UTC:

  • Bitcoin SV (BCHSV)”

Earlier Changpeng “CZ” Zhao, the CEO of Binance, had threatened Craig Wright with a potential delisting after an article, published by Bitcoin Magazine, stated that Wright had intentions to sue the person behind the idea of Lightning Torch, Hodlonaut. Hodlnaut had repeatedly called out Wright for being a fraud for his, as yet unproven, claims of being Satoshi Nakamoto. Wright and his legal team have been busy over the last week sending frivolous lawsuits to various people who have called him out for being a fraud.

It looks like CZ has had enough. First, he tweeted this out:

“To be clear, I don't choose sides on technology. We let the market do that. I am against fraud, such as lying to be someone. As such, it is my strong opinion that: 

Craig Wright is fraud.”

Nearly half an hour later, he shared Binance’s statement of the BSV delisting with this simple message: “Do the right thing.”

Following Binance’s announcement, other exchanges like ShapeShift and Blockchain.com have decided to delist BSV.  Erik Voorhes, shapeshift CEO, tweeted the following:

“We stand with @binance and CZ's sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs.”

Blockchain CEO Peter Smith also tweeted that they will terminate support for BSV in the next 30 days:

“In the next thirty days, we will end even close out support for #BSV transactions. To use #BSV, go somewhere else!”

In the meantime, Kraken held a Twitter poll asking their followers whether they should delist BSV or not.  After nearly 78,000 votes, an overwhelming 73% voted that BSV should be delisted and 20% said they didn’t care.

In response to all this, the price of Bitcoin Cash (BCH) has skyrocketed. This Monday, BCH went up from $290 to $312 as the rest of the crypto market got painted in red. BCH looks bullish this Tuesday as well. The price has gone further up to $316. BSV, on the other hand, has plummeted by 18% over the last 24 hours.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Prediction: Bitcoin facing potential pullback before a final push to $20,000

Bitcoin is back above 60% market dominance and climbed above $13,000 for the first time since June 2019. In the past week alone, BTC's total market capitalization has increased by over $31 billion.

More Bitcoin News

Ripple Price Prediction: XRP cracks a critical resistance level and targets $0.30

XRP has been fighting with an ascending triangle pattern for around one month and seems to have finally cracked the upper boundary. If the digital asset can close above this critical resistance point, bulls will be in full control.

More Ripple News

Vechain Price Prediction: VET hits a robust resistance wall towards $0.016

Vechain, like the rest of the market, seems to be rebounding although still far away from its 2020-high at $0.0229, currently only trading at $0.0123. Over the past week, the digital asset gained around $125 million in market capitalization. 

More Vechain News

Bankers grow concerned as governments around the world rush to digital currencies

The idea of state-backed digital money is gaining traction around the globe. However, neither regulators nor the community clearly understands how it will look like and what are the consequences of this major evolutionary development in the global financial system.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin: BTC ready to escape from the range; bulls have $12,000 in mind

Bitcoin has been gaining ground amid positive fundamental developments. The flagship cryptocurrency is ready to break free from its current range and proceed with the recovery towards $12,000. 

Read the weekly forecast

BTC

ETH

XRP