Altcoin News: Kraken Exchange Decides to Delist BSV. Vitalik Buterin Commented on the Mass Delisting

April 17, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

According to the results of the voting in its Twitter pool, Kraken Exchange made a decision on delisting Bitcoin SV cryptocurrency.

“ Over the last few months, the team behind Bitcoin SV have engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for. It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw,” writes crypto exchange.

More than 70,000 people took part in the voting, 71% of whom spoke in favor of delisting Bitcoin SV. Deposits will be disabled April 22. Trading will cease on all trading pairs April 29. Withdrawals will continue until May 31.

“They are suing us, our investors, well-respected and prominent figures in the community, and the community got to the point it’s fed up with it,” said Kraken CEO Jesse Powell. “It’s completely antithetical to what this community is about,” he added.

Bitcoin SV delisting was previously reported by Binance and ShapeShift. Japanese cryptocurrency exchange SBI Virtual Currencies, in turn, decided to delist Bitcoin Cash. Bitcoin SV on its platform was not originally introduced.

The founder of Ethereum, Vitalik Buterin, supported Bitcoin SV delisting occurring on several exchanges

Buterin replied to a Twitter user post with the nickname @Nic__Carter, who wrote:

“If fraud from the chief promoters is sufficient reason for a delisting from Binance… almost everything should be delisted.”

Buterin supported this view and wrote that he was going to write a detailed blog article on this topic.

Buterin also added that he will probably devote a separate message to this topic on his blog, where he will give a more detailed explanation of his vision of the problem.

Recall that the removal of Bitcoin SV cryptocurrency from the Binance Exchange was largely triggered by the indecent behavior of its founder Craig Wright, who claims that he is a true Satoshi Nakamoto. Following Binance, other well-known crypto exchanges also thought about delisting.

Not all exchanges supported this movement. OKEx refused to exclude BSV from its platform.

Bitcoin SV was the first project that was expelled from several exchanges as a result of community pressure. These events can be a catalyst for changes in delisting processes. On the other hand, some members of the community do not share enthusiasm, stating that the process has become too centralized.

Author: Marko Vidrih