The world’s largest and exchange by volume, , has said it will , striking it from the exchange as of April 22 as it no longer “meets the high level of standard we expect.”
The story didn’t end. On Monday (April 15), just hours after announced their decision of de-listing, CEO Erik Voorhees said that his exchange had also decided to delist . And the next exchange set to follow suit seems to be Jesse Powell’s .
Even though Craig Wright threats to sue everybody who claimed he isn’t the real Satoshi Nakamoto, the CEO of Changpeng Zhao doesn’t seem to care:
The problem for most people is, you have to front the legal costs, which can mount to millions of dollars. Fortunately, we can deal with it.
One of the key problem with most legal systems around the world today.
— CZ (@cz_binance)
oh, and it won’t be the first time, and we learned a few things. The losers pay for our lawyer fees. We have a number of very good/expensive lawyers.
— CZ (@cz_binance)
With him agreed a co-founder of Vitalik Buterin who tweeted:
It’s possible to agree fully and strongly with this and at the same time fully consistently support
Maybe I should write a blog post soon on free speech ethics… it’s a topic that seems to confuse pretty much everyone.
— Vitalik Non-giver of Ether (@VitalikButerin)
In a tweet posted on April 15, ShapeShift CEO Erik Voorhees revealed that the company came to a decision to stop listing BSV:
We stand with and CZ’s sentiments. We’ve decided to delist SV from within 48 hrs.
— Erik Voorhees (@ErikVoorhees)
Kraken Exchange then conducted the following Twitter poll around two hours after ’s announcement:
Should Kraken delist SV (BSV)?
— Kraken Exchange (@krakenfx)
With 60,597 votes cast so far and 72% asking for SV to be delisted, it seems like Kraken has already made the decision to delist and just wants to have a good justification for it.
The next to join in the anti-BSV debacle seems to be , the popular platform, not an exchange. In a tweet posted shortly after Voorhees’ statement and Kraken’s poll, Peter Smith, the chief executive of the San Francisco-headquartered startup, revealed that his firm would be delisting BSV by the middle of May.
This, just like the delisting, will be a large blow for the project, as has historically been one of the most, if not the most popular crypto asset .
In the next thirty days, we will end even close out support for transactions. To use , go somewhere else!
— Peter Smith (@OneMorePeter)
They announced:
“We’re invested in the long-term health of the crypto ecosystem and are mindful to support that are reliable, safe, and convenient. Since January we’ve offered limited support for Cash SV (BSV) and have been closely monitoring activity of the BSV network since the hard fork in November. After careful consideration, we have determined to end all support of BSV within the Wallet by May 15, 2019. ”
OkeX is Not Delisting “For the Time Being”
Calvin Ayre, a supporter of Wright and the founder and owner of CoinGeek, a miner and developer, responsed to the de-listing :
“This decision will certainly be reported to the Maltese regulators as this is surely a case of people in trusted positions abusing that trust and playing God with which gets the most volume and market access. In essence, market manipulation.
The decision to delist SV seems to be based on the fact that they don’t like one scientist that works on the platform. Craig doesn’t own SV, nor does anybody, so this appears to be very unprofessional. An exchange should just want volume of not picking which horses it wants to win the race and, as a result, smells of fear and manipulation.”
Obviously, Malta-based exchange OKEx agrees because they have just announced that it had decided SV (BSV) “for the time being.”
Recently-founded BSV-based exchange FloatSV, which was created in partnership with OKEx, announced that it was going to launch by April 19 what Ayre commented:
yup….this is a good time to open a bitcoin SV exchange…just when one of the largest in Asia has kicked all the BSV customers to the curb over petulance. Business in a box 🙂
— Calvin Ayre (@CalvinAyre)
It comes as no surprise that a delisting by the biggest exchange in the world has resulted in a massive freefall in the BSV price, declining by a whopping 20.94% percent at press time. Following a rise to $95 at the beginning of the month, when ascended above $5,000, the current price is 40 percent lower, at a dismal $56.88.
Published at Tue, 16 Apr 2019 09:16:13 +0000
