Barely one week after Binance CEO, Changpeng Zhao, threatened to delist BitcoinSV, the top cryptocurrency exchange has officially stopped offering support for BitcoinSV.
According to an announcement released today, April 15, Binance has delisted Bitcoin SV citing that the Craig Wright-led cryptocurrency no longer meets up with its standard for supported coins.
Binance said it would stop offering all BitcoinSV trading pairs starting on 2019/04/22 at 10:00 AM UTC
The Story Behind Binance Delisting BitcoinSV
As we reported earlier, the first hint of Binance delisting BitcoinSV came up last week Changpeng Zhao tweeted,
“Craig Wright is not Satoshi.
Any more of this sh!t, we delist!”
The sh!t that CZ was referring to is a series of letters that self-proclaimed Bitcoin creator, Craig Wright sent to Twitter users whom he claimed was defaming his status. Craig Wright noted in the letters that he would sue for libel, the users which notably includes Ethereum’s co-founder Vitalik Buterin and Bitcoin podcaster, Peter McCormack.
Craig Wright who formerly threatened to crash the price of Bitcoin to $1000 alleged that the men were defaming his status by tweeting messages such as “Craig Wright is a Fraud,” and “Faketoshi” on their Twitter handles for a specified period.
He asked the users to delete the alleged defamatory messages and also appear before a court to reverse their statements that he is not Satoshi Nakamoto, the inventor of Bitcoin. Sadly, only Craig Wright and a few others within the BitcoinSV camp are the only ones who believe that he is Satoshi Nakamoto.
His claims which are no longer new to the community and the recent lawsuit threats no doubt irked Binance CEO CZ as stated earlier, and he promised to delist the coin from their platform if it continues.
Now, CZ has followed up on his promise an even gone ahead of the May 1 BitcoinSV delisting deadline proposed by a famous Bitcoin enthusiast, Anthony Pompliano.
BitcoinSV Price Performance Following Binance Delisting
As one would expect, the delisting of BitcoinSV from one of the world’s most used cryptocurrency exchanges has resulted in a sudden fall in its value in the hours leading up to press time. The coin’s value has slipped from $70 to $63, although it has slightly pumped back up to $65.
If further decline were to follow in the next few hours, there is no doubt that it would lead to more loss of public confidence in the cryptocurrency and result in a further plunge.
Will other cryptocurrency exchanges follow Binance to delist BitcoinSV? Is this the beginning of an end for the hardfork cryptocurrency? Only time will tell.