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Binance Delists Bitcoin SV, CEO Calls Craig Wright a ‘Fraud’

Binance delists bitcoin sv, ceo calls craig wright a ‘fraud’

Binance Delists Bitcoin SV, CEO Calls Craig Wright a ‘Fraud’

Binance delists bitcoin sv, ceo calls craig wright a ‘fraud’

Binance, the world’s largest crypto exchange by reported volume, will delist bitcoin SV (BSV) after a week of controversy around the cryptocurrency’s creator, Craig Wright.

The exchange announced Monday that it would be delisting all BSV trading pairs on April 22, just days after Binance CEO Changpeng Zhao (CZ) threatened to do so if Wright did not cease attacks on Twitter users claiming the latter is not Satoshi Nakamoto, the pseudonymous creator of bitcoin.

In Binance’s announcement, the exchange says “we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect,” citing a number of factors it weighs.

These include the commitment of a team to the project, the level and quality of its development activity, its network and smart contract stability, the level of public communication, responsiveness to periodic due diligence requests, evidence of unethical or fraudulent conduct and its contribution to the crypto ecosystem.

However, it is likely that BSV is being deleted at least in part due to Wright’s attacks on Twitter user hodlonaut (who started the Lightning Network “torch“) and other individuals. Specifically, Wright placed a bounty on hodlonaut’s identity after the latter claimed Wright is not Satoshi. CZ said Binance would delist BSV if Wright continued these attacks.

Wright has for the last several years claimed he is the person behind the pseudonym Satoshi Nakamoto, but his evidence for this claim has been widely disputed.

In a series of follow-up tweets, CZ said “Craig Wright is a fraud,” that “the real Satoshi can digitally sign any message to prove it,” and that doing so would be simple.

Wright has sent legal cease-and-desist letters to other individuals claiming he is not Satoshi, including Peter McCormack, the host of the “What bitcoin Did” podcast.

Binance will continue to support BSV withdrawals until July 22.

CZ image via CoinDesk archives

Published at Mon, 15 Apr 2019 14:50:07 +0000

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CoinDirect Runs ICO to Offer Decentralized Platform for Casino Industry

Blockchain developer Nico Ami Lee announces the opening of the CoinDirect.io – an open source platform for online gambling where bitcoins & other major cryptoassets will be sent directly from player to player eliminating the third party. 


The mission behind project is to decentralize gambling experience further by moving casinos away from managing player’s funds with help of well-established blockchain networks such as bitcoin, Ethereum & BitShares.

Cryptocurrency became the choice for many online. However, it did not solve one of the oldest problems of online casinos – transparency of the house and high fees. Up until today online casinos try to stay transparent with a method called “Fairness Check”, but often it does not work effectively as casinos always have the power to hide crucial information from the player.

In order to prevent this from happening all casinos need to undergo regular and thorough audits. This leaves casinos dependent from the auditors and additional costs associated with such compliance increase costs in operating a gambling business.

Nico Ami Lee a co-founder of the CoinDirect.io, explains the potential of the upcoming project: “With such application platform customers can conveniently develop, run, and manage blockchain layer applications without the complexity of building and maintaining the infrastructure typically associated with developing or launching an app.

The code execution platform enables developers to build and deploy a decentralized, automatic management of funds into almost any casino application without incurring any start-up costs. Therefore we create a truly transparent and decentralized solution to heavily regulated and relatively conservative market.”

With the help of CoinDirect existing casino networks can save millions and new-players may get into the market with much less effort and costs. Main advantages of the platform:

1. Complete transparency, therefore no need of additional auditing

2. Very low gambling fees

3. Full control of funds

4. Instant transactions

5. Direct money transfers from player to player & much more.

An idea of establishing a blockchain PaaS company has been developed since 2015, and in early 2017, the legal entity of “Coin Direct Ltd.” was established. Company is headquartered in Honk-Kong and operates as a small team of 5, plus several supporting members.

Team is raising money with help of crowdfunding campaign for further platform development. Company plans to launch a Beta version in October 15th and start mass-scale marketing of the platform from 1st of January, 2018. The token presale has started on 1st of April, 2017, ends on 31st of August, company issues 6,500 tokens on bitcoin network. These tokens are designed to be used for dividend distribution and voting on the CoinDirect platform.


Images courtesy of Coindirect.io, Shutterstock

The post CoinDirect Runs ICO to Offer Decentralized Platform for Casino Industry appeared first on Bitcoinist.com.