Published: Mon, April 22, 2019
Markets | By Otis Pena

Bitcoin SV plunges after CZ announces it's to be delisted from Binance

Bitcoin SV plunges after CZ announces it's to be delisted from Binance

"Based on our most recent reviews, we have made a decision to delist and cease trading on all trading pairs for [Bitcoin SV (BCHSV)] on 2019/04/22 at 10:00 AM UTC".

After the Binance announced the decision to delist Bitcoin SV (BSV) other services also chose to follow its example.

In addition, Mr Wright issued warnings to some prominent representatives of the digital currency community as well, namely the creator of Ethereum Vitalik Buterin and podcaster Peter McCormack for stating that he was not the real Bitcoin's creator.

The announcement comes after some drama involving Bitcoin SV's backer Craig Wright, who claims to be Satoshi Nakamoto, the inventor of the original Bitcoin (BTC).

Wright has for the last several years claimed he is the person behind the pseudonym Satoshi Nakamoto, but his evidence for this claim has been widely disputed. It was seen that just by the announcement of Binance founder that he will delist the BSV, a sharp decline in its price was noticed.

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We stand with @binance and CZ's sentiments.

Kraken also confirmed that exchange will cease trading on all Bitcoin SV trading pairs starting from May 1st, and will allow to withdraw infamous cryptocurrency until May 15th. Tyler Winklevoss, founder, and CEO of Gemini exchange took to Twitter to say that they never supported Bitcoin SV in the first place. 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.

But there are those who did not go on the crypto community.

In a recent poll on Twitter, cryptocurrency exchange asked followers to vote on whether Kraken should delist Bitcoin SV or keep it. Increasing the block size limit is one of the main mechanisms Bitcoin SV uses to try and ensure scalability for its network.

Besides claiming to be Satoshi Nakamoto, he had also put up a bounty offering $5000 in BSV for information regarding the identity of a popular Twitter user named Hodlnaut.

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