Bitcoin SV got ‘de-listed’ by the world’s largest cryptocurrency exchange

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

Bitcoin SV bifurcated from Bitcoin Cash, back in November 2018 and the separation was not a good one for the entire market. Many said that the resultant was the downward fall of the crypto market. Bitcoin SV has created yet another hassle for the crypto market.

The world’s largest cryptocurrency exchange, Binance has delisted the controversial Bitcoin SV. The decision of de-listing was taken after Craig Steven Wright the man behind Bitcoin SV publicly gave repeated threats to the media outlets and organizations that refused to accept his claim of being Satoshi Nakamoto. For those who have no idea who Craig Steven Wright is. He is an Australian computer engineer and businessman who has claimed that he is Satoshi Nakamoto. Satoshi Nakamoto is the name used by the unknown person or group of persons that have created Bitcoin. They also devised the first blockchain database.

As expected the crypto community has lashed out on Twitter being very vociferous about the decision.

Alex Krüger, a financial market and crypto market expert has tweeted, “Once every exchange is done delisting BSV, why stop there? Why don’t exchanges delist all sh*tcoins? Ah, that’s right, the more coins exchanges have, the more money they make.” 

The below tweet was against the decision not in support of it.

“Am I the only one who thinks Binance just shot themselves in the foot?

How do they go about discussing anything serious with a regulator after delisting a crypto because someone was mean to them?”

Charles Hoskinson tweeted:

“I’m really proud of CZ and binance. They stood up for the entire community against bullying and fraud. I hope more exchanges follow and we can end this dark chapter in Crypto’s history” 

The market reacted exactly in the way it was supposed to react with the fall seen in Bitcoin SV by 25%. The price fell to $52. The fall in the price of Bitcoin SV was channeled towards Bitcoin Cash which saw a phenomenal growth of 14%.

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