Binance Delists Bitcoin SV
Colin Harper's original article for bitcoinmagazine.com reduced by 54%
The cryptocurrency exchange Binance is officially removing Bitcoin SV from its trading options, according to a company blog post. The delisting comes after Binance CEO Changpeng Zhao threatened to delist the Bitcoin Cash fork coin in response to Craig S. Wright, the coin's creator, threatening Lightning Torch prometheus Hodlonaut with a lawsuit.
Craig Wright, an Australian computer scientist, has been steeped in Bitcoin community skepticism for his long-held assertion that he is the true identity behind Satoshi Nakamoto, Bitcoin's pseudonymous founder. The anonymous bitcoiner then deleted his Twitter account at the behest of his legal council and, though Wright can only serve him the threatened lawsuit if he obtains his physical address - an effort that Wright's colleague, Calvin Ayre, has aided him in by launching a doxing campaign through his website CoinGeek - community members launched a fundraiser to cover Hodlonaut's legal costs. After cajoling Wright and Ayre in a series of tweets, the podcaster behind "What Bitcoin Did," Peter McCormack, dogpiled onto the looming legal proceedings, receiving a cease-and-desist letter similar to the one sent to Hodlonaut and responding in kind with a tongue-in-cheek response to Wright's legal team.
Even if this isn't the case, some Bitcoin community members contend that Bitcoin SV doesn't meet the typical technical standards for a reputable exchange anyway, given how many transaction confirmations top exchanges usually require before they recognize deposits. Following news of the delisting, Bitcoin SV's price fell dramatically and it is currently down roughly 8 percent on the day, trading at about $64..
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