Connect with us
[bsa_pro_ad_space id=1]

crypto market

Bitcoin SV Moved Up as Binance Remains Silent on its Delisting



Craig Wright. Source: a video Screenshot, CoinGeek

Major cryptocurrency exchange Binance and its CEO could be going back on their supposed intent to delist Bitcoin SV (BSV,) the community speculates, as they still remain silent on the matter. Meanwhile, the coin is up by around 3% in the past 24 hours (09:56 UTC.)

While Binance still has not replied to our requests for comment, their CEO, Changpeng Zhao (CZ) has not responded to multiple requests by his Twitter followers as to when they will delist BSV.

Instead, the CEO said on Monday: “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.” Craig Wright, often dubbed Faketoshi due to his claim that he is Satoshi Nakamoto and general lack of any sort of proof, is the main backer of Bitcoin SV (BSV), the infamous hard fork of Bitcoin Cash.

Some members of the community reacted:

Meanwhile, BSV is trying to reverse its losses that it suffered during this past weekend:

Bitcoin SV Moved Up as Binance Remains Silent on its Delisting 102

However, compared to other exchanges, Bitcoin SV is now trading less on Binance, dropping from second place by transaction volume with 8.28% on Friday, to 6th place with 6.03% as of the time of writing. BitForex, HitBTC and IDCM are the top 3 Bitcoin SV exchanges (almost 40% of the total BSV trading volume.)

On Binance, Bitcoin SV trades against four stablecoins and Bitcoin. BSV/USDT is the largest market with the USD 3.8 million trading volume in the past 24 hours (0.50% of the total trading volume on the exchange, it’s the 33rd largest market on Binance.)

In the past, Binance delisted multiple coins without communicating with their teams prior public announcements.

Separately, cryptocurrency wallet BitFi also had their reply to the situation ready – they promised to remove support for Bitcoin SV from the wallet, before “remembering” they never offered support for it in the first place.

Cryptocurrency exchange Poloniex even went completely the other way, admittedly a day before most of the fiasco went down, by listing Bitcoin Cash and Bitcoin SV available for margin trading for non-US customers.

Meanwhile, popular podcast (What Bitcoin Did) host Peter McCormack revealed he was also served with a letter from Wright’s lawyers, which accused him of causing “serious harm” to Wright’s reputation by repeatedly calling him “Faketoshi” and “a fraud” on Twitter. McCormack replied to the letter with responses such as, “I find it difficult to understand how I can affect the reputation of your client; this mistakenly states that he has any reputation left,” and “For reference, if you Google ‘Craig Wright is a fraud,” there are currently 6,330,000 results. While we can allow for a margin of error, where there is smoke, there is usually fire, and here there is enough fire to make Mordor feel like a holiday in Iceland.” But the crowning jewel, according to many in the community, was: “In response to your client requirements, please let him know the following: 1. Ha ha ha ha. / 2. No. / 3. No. / 4. Jog on. / 5. ROFLCopter.”

Replying to McCormack’s response to Wright, Changpeng Zhao wrote, “Masterpiece! You have my full support, Peter.”

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *