Category Archives: Float SV

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Kraken Joins Other Exchanges in Delisting Bitcoin SV for “Toxic” Behavior

Kraken Joins Other Exchanges in Delisting Bitcoin SV for

Major US cryptocurrency exchange Kraken has decided to delist Bitcoin SV (BSV) after polling its clients on Twitter over the past few days.

In a largely expected move given the response by other major exchanges, Kraken stated that BSV’s behavior was not in keeping with what it regards as ethical. The California based exchange’s official press release stated that BSV had “…engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for

The alternative crypto’s popularity nosedived after pseudonymous cartoon space-cat “hodlonaut” was threatened with legal action for disputing the legitimacy Craig Wright’s claims to be the founder of Bitcoin.

Since Bitcoin SV forked from Bitcoin Cash in November of last year it has been on a downward spiral. Only major exchange OKEx is continuing to run against popular opinion with rumors that it may be forming a BitcoinSV-centric cryptocurrency exchange called Float SV, with a launch planned for later this month, although it remains to be seen if the tide against BSV is too much and it too caves in and delists, abandoning its offshoot exchange idea in the process.

The poll gathered over 70,000 votes, with 71% of respondents voting to delist the currency. Kraken didn’t hold back on their condemnation of the alternative crypto’s moves to attack those refuting Wright’s claim. Kraken added:

“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.”

 

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OKEx Stick with Bitcoin SV After Major Exchanges Dump It in Unison

OKEx Stick with Bitcoin SV After Major Exchanges Dump It in Unison

With Binance and Shapeshift dumping Bitcoin Satoshi Vision (Bitcoin SV) and Kraken going to its clients for advice, things don’t look too promising for the controversial crypto moving forward.

Poloniex is as yet uncommitted as to continuing to list BSV, but one exchange has definitely come out in favor; OKEx, currently ranked first on CoinMarketCap of exchanges by adjusted trading volume has said that it has no intention of delisting the currency, with the statement:

“As a neutral platform, OKEx respects the efforts of all dedicated teams in advancing the technology of Bitcoin and has no inclination to certain technical directions.”

The alternative crypto’s popularity nosedived after pseudonymous cartoon space-cat “hodlonaut” was threatened with legal action for disputing the legitimacy of the self-professed and much-refuted founder of Bitcoin, Craig Wright, BSV’s brains.

Since Bitcoin SV forked from Bitcoin Cash in November of last year its been on a downward spiral. Although the network is operating, it is diminutive by comparison to BTC, with 500 nodes compared to Bitcoin’s 9,000 plus. Roughly 60% of BSV’s hash rate is by Craig Wright-supported CoinGeek and nChain.

Things haven’t gone well for Craig Wright recently since Morgan Creek Digital co-founder Anthony Pompliano joined Binance CEO Changpeng Zhao in their condemnation of BSV. Pompliano has even called upon all exchanges to delist BSV on 1 May 2019 to protest their founders’ claims that BSV is the “real Bitcoin”.

It is now thought that OKEx is continuing to run against popular opinion and may be forming a BitcoinSV-centric cryptocurrency exchange called Float SV, with a launch planned for later this month.

 

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