Bitcoin SV Suddenly Spikes On Rumors Binance Plans to Relist It: Insider Colin Wu

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Fri, 12/04/2020 - 11:39
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Yuri Molchan
Bitcoin SV (BSV) surges on unconfirmed rumors that Binance intends to put BSV back on its trading list, according to crypto journalist Colin Wu
Bitcoin SV Suddenly Spikes On Rumors Binance Plans to Relist It: Insider Colin Wu
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The 12th biggest cryptocurrency, Bitcoin SV (BSV)which appeared as a result of a Bitcoin Cash hardfork in 2018, has demonstrated a price surge.

Chinese crypto journalist Colin Wu, who often covers material about digital exchanges, has tweeted that this is due to rumors in the Chinese community that Binance intends to relist Bitcoin SV on Dec. 8.

BSV
Image via Twitter

BSV soars on Binance relisting rumors

In the screenshot posted by Colin Wu on his Twitter page, Bitcoin SV (SV standing for "Satoshi Vision") shows a rise by 7.82 percent, rising to the $183,23 level on the CoinMarketCap scale.

Bitcoin SV emerged as a result of a Bitcoin Cash hard fork on Nov. 15, 2018, and created a blood bath on the market, making Bitcoin tank from $6,353 to the $3,318 level.

Related
Craig Wright’s Sarcastic Response: ‘Boycott Binance’, ‘Not My Fault, Please Return BSV to Binance’

Self-proclaimed Satoshi behind BSV

One of the creators of the new blockchain and its front man is the self-proclaimed Satoshi Nakamoto, Craig S. Wright, an Australian IT scientist and entrepreneur.

He made himself famous not only by claiming to be the real Bitcoin creator but also by threatening to sue multiple crypto influencers for calling him a fraudster. Among them were podcaster Peter McCormack (Tether Ltd offered to pay for his legal fees in this case), Ethereum cofounder Vitalik Buterin and former Bitcoin Jesus, Roger Ver.

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

Binance rejects rumors about BSV relisting

On April 15, after Craig Wright began suing influencers in the crypto industry, the head of Binance, CZ, tweeted that Binance would delist BSV and urged other exchanges "to do the right thing."

Craig Wright and another major BSV supporter, Canadian-Antiguan entrepreneur Calvin Ayrewho often slams BTC and promotes Bitcoin SV as the "real Bitcoin" on social mediastarted accusing Binance of censorship.

Meanwhile, Colin Wu tweeted that Binance had rejected the rumors of reinstating BSV on its platform, calling them "false rumors." The tweet says:

Binance told Wu that today's screenshots about opening BSV transactions are false rumors.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.