in ,

Binance Exchange Finally Delists Bitcoin SV (BSV)

BSV Falls by 8% Instantly

Bitcoin Cash SV [BCHSV] will be delisted from Binance on 2019/04/22 at 10:00 AM UTC. However, the withdrawal of the cryptocurrency from the wallets will be enabled three months from April until 2019/07/22 at 10:00 AM UTC.

Price of Bitcoin SV Falls Instantly

The price of Bitcoin SV fell by 8% instantly as the world’s largest exchange decided to delist the cryptocurrency. A gap has been noticed in the 4-hour chart followed by a bearish breakout. It suggests that more downside can be expected in BSV if the bearish pressure catches on.

The price of Bitcoin SV [BSV] at 15: 00 Hours on 15th April 2019 is $64.23. It is trading 8.79% lower on a daily scale.

However, this doesn’t come as a surprise move because Binance CEO, Changpang Zhao, popularly known as CZ had issued a warning on Twitter on 12th January 2019 that Binance would de-list BSV if Craig Wright continues to claim himself being the real ‘Satoshi Nakamoto.’

Even this morning CZ tweeted by saying that:

“Lastly, anyone who supports BSV from a tech perspective should be attacking the fraudulent Craig Wright, who is poisoning YOUR community, and not attack the rest of the world.

Anyone thinking CW is Satoshi should read about how a private key works, ie, learn about crypto. “

The parameters in which Bitcoin SV [BSV] failed to meet Binance’s standards were probably,

  • Contribution to a healthy and sustainable crypto ecosystem
  • Evidence of unethical/fraudulent conduct

Do you think Binance made the correct decision? What will be the approach of the Bitcoin SV community now? 


What do you think?

369 points
Upvote Downvote


Leave a Reply

Your email address will not be published. Required fields are marked *





BitMex CEO Hints to Launch ‘Crypto Options Platform’

BTC/USD is inclined to trend sideways and even break below the weak support at the 38.2% Fibo