cryptodailytrading.com

Binance Delists Bitcoin SV over Team’s ‘Unethical/Fraudulent Conduct’

  • Yuri Molchan
    📰 News

    ✍Responding to Craig Wright’s recent activities against ‘non-believers’, the Binance exchange announces BSV delisting👣


Binance Delists Bitcoin SV over Team’s ‘Unethical/Fraudulent Conduct’
You may also like:

A short while ago, Binance posted a public note on their blog, saying that their CEO does not make unsubstantiated statements, so now Bitcoin SV (also known as Bitcoin Cash SV, after the BCH hard fork in November 2018) is about to be delisted.

Bitcoin SV does not meet standards of Binance

Earlier on Monday, U.Today reported that last week and over the weekend again, Binance chief CZ promised to kick Bitcoin SV off board unless this platform’s public leader, Craig Wright, stops claiming he is Satoshi Nakamoto and stops suing those who do not agree with his claims.


Now, it looks like the Binance team is delisting Bitcoin SV, announcing their decision on the blog of the exchange.

👉MUST READ #DelistBSV: Here's Why Bitcoin SV Could Be Delisted from All Exchanges
#DelistBSV: Here's Why Bitcoin SV Could Be Delisted from All Exchanges

Delisting is a regular practice for Binance. The team always reminds the community that they constantly review certain aspects of each asset they have listed to see if they keep meeting the standards that Binance pursues.

Judging from the situation with Craig Wright’s claims of being the Bitcoin inventor and his threats to sue Twitter user Hodlonaut, the Bitcoin SV team fails to meet Binance’s standards because of the following: evidence of unethical/fraudulent conduct.

Deposits and withdrawals with BSV will be supported until April 22, 10:00 AM UTC.

Blue sky Photo by Pexels 

Cover image via u.today
Join our Telegram channel to get news even faster!
👓 Recommended articles

Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
You may also like:
Contents

It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

👉MUST READ Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?
Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?

Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

👉MUST READ This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee
This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee

Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

Cover image via 123rf.com
Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
👓 Recommended articles