By : Add Jesse Powell to the chorus of crypto exchange CEOS who are done with games. San Francisco-based crypto exchange has announced that it will be delisting SV (BSV), following in the trend-setting footsteps of and later ShapeShift.
Kraken has been engaging with its community about it ever since CEO Changpeng “CZ” Zhao got the ball rolling earlier in the week. In an online poll, nearly three-quarters of Kraken’s followers voted in favor of delisting SV while more than one-fifth of tens of thousands of voters said they didn’t care. , revealing that the last day for SV would be May 1 while withdrawals will continue until May 15.
“The people have spoken. Kraken is delisting SV.”
Should Kraken delist SV (BSV)?
— Kraken Exchange (@krakenfx)
Get Kraken
Kraken is one of the first couple crypto exchanges to take CZ’s challenge and ShapeShift CEO Erik Voorhees didn’t waste any time, revealing on April 15 that ShapeShift would be rid of SV within 48 hours.
If you ask CZ, he could have told you that it was just a matter of time before Powell pulled the BSV plug, tweeting that the “crypto industry is tighter and stronger [than] you think.”
Oh. will do it. I have a feeling… industry is tighter and stronger you think.
— CZ (@cz_binance)
Tainted bitcoin SV
Craig Wright ostracized himself from the rest of the crypto community several times over. Not only did he claim to be Satoshi Nakamoto, which everyone knew was a lie, but he threatened to sue anyone who called him out for the fraud. Kraken had enough, saying in the announcement:
“Over the last few months, the team behind SV have engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for. It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw. “
Among those was Peter McCormack of the What Did podcast. McCormack is keeping tabs on which exchanges and wallets join the fight against Wright.
So far the following have delisted BSV:
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–More are coming…
— Peter McCormack (@PeterMcCormack)
Winklevoss Chimes in on bitcoin SV Saga
Perhaps those enjoying the turn of events at the expense of Craig Wright the most are those crypto platforms that avoided SV to begin with. CCN reported earlier today that, but they weren’t alone. Gemini’s Tyler Winklevoss reminded his followers of the exchange’s prescience in the matter.
JUST IN: never listed in the first place.
— Tyler Winklevoss (@tylerwinklevoss)
bitcoin SV Price Tumbles
According to CoinMarketCap, Kraken supported BSV in BSV/EUR, BSV/USD, and BSV/ pairs. Meanwhile, the SV price has shed 5% in the last 24 hours. Based on the pace of delistings, the declines could be just the beginning.
SV’s steady decline | Source: CoinMarketCap
Published at Wed, 17 Apr 2019 01:19:00 +0000
