Bitcoin SV Plunges: Binance CZ Started a Wave. Kraken Has Initiated Vote for Delisting, and Shapeshift Has Announced Delisting

April 16, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Binance Exchange this Monday announced the upcoming delisting of Bitcoin SV cryptocurrency from its platform.

“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,” writes the exchange.

The reasons for delisting Binance calls the same as in October, when four cryptocurrencies immediately left its platform. According to the publication, the exchange conducts a periodic assessment of all assets circulating on it and may decide to delist any of them, “if it ceases to meet its criteria or there will be changes in the industry”.

These criteria include the project team’s interest, the quality, and level of developer activity, network/smart contract stability, level of public communication and activity, responses to periodic exchanges, evidence of unethical/fraudulent behavior, participation in the development of a healthy and sustainable cryptocurrency ecosystem.

At the same time, Binance does not provide a more substantive rationale. Withdrawals to Bitcoin SV will be available until July 22, 2019.

The events unfold against the background of the escalation of the conflict between Australian entrepreneur Craig Wright, who claims that he was hiding under the pseudonym of Bitcoin creator Satoshi Nakamoto, and by individual participants of the cryptocurrency community, including CEO Binance Changpeng Zhao.

Note that a few days ago, Zhao warned Wright that Binance may stop supporting Bitcoin SV if he does not stop calling itself “true Satoshi Nakamoto”.

At the same time, in one of the recent tweets, Zhao directly called Craig Wright a fraud and showed support to Peter McCormack:

“We did everything right,” Zhao commented on the news today.

Against the background of this event, Bitcoin SV has already lost more than 20% in price and fell in the ranking of Coinmarketcap from12th to 14th position.

And Bitcoin Cash, from which Bitcoin SV forked in November last year, on the contrary, added more than 5%, even against the background of a slight decrease in the rest of the market.

However, BSV is still trading on several dozen other exchanges. It is possible that other cryptocurrency exchanges may follow Binance, since the behavior of Craig Wright is becoming more and more defiant.

Meanwhile, Kraken exchange decided to ask the community if they should delist BSV.

Shapeshift CEO, on the other hand, shows support to the Binance and going to delist BSV.

According to the OKEx, BSV currently does not meet their delisting criteria. As such, OKEx has no intention to delist BSV for the time being.

Note that recently Wright’s Twitter account, @ProfFaustus, has inexplicably disappeared from Twitter. A social media tracking tool known as SocialBlade indicate that over 10,000 tweets were removed from Wright’s account in a 24-hour period.

According to the site, the total number of Tweets credited to his account dropped from around 38,110 on March 17 to 27,240 the following day. Is he hiding claims against himself?

Author: Marko Vidrih

Images via Twitter, CoinMarketCap