Connect with us

#Bitcoin SV

Anthony Pompliano: Every exchange should delist Bitcoin SV on 1st May

Published

on

Anthony Pompliano, the co-founder of Morgan Creek Digital is asking all major crypto exchanges to delist Bitcoin SV from their platform on the 1st of May.

Anthony Pompliano, the co-founder of Morgan Creek Digital is asking all major crypto exchanges to delist Bitcoin SV from their platform on the 1st of May as a denial of the claim of Craig Wright (Faketoshi) and Calvin Ayre for saying that bitcoin SV is the real bitcoin.

 

Delist Bitcoin SV: Anthony Pompliano:

Anthony Pompliano recently posted a tweet stating that all cryptocurrency exchanges should remove Bitcoin SV from their platform on the 1st of May in a harmony for Bitcoin.


Due to the ongoing battle between Craig Wright & Calvin Ayre against Hodlonaut who is being threatened by them. Pompliano stated that sometimes hard things have to be done as it is the right thing.

 

Changpeng Zhao against Craig Wright:

The CEO of binance, Changpeng Zhao has also shown his concerns against Craig Wright saying that he is not afraid of fighting legal battle against Craig Wright and his company.

He stated that he has a number of expensive lawyers by his side and also warned against delisting Bitcoin SV from his exchange if Craig Wright and Calvin Ayre did not stop threatening others, also stating that Craig Wright is surely not the real Satoshi Nakamoto.

#Bitcoin SV

Bitcoin SV: Kraken also going to delist BSV?

Published

on

Kraken going to delist Bitcoin SV? The crypto exchange has posted a poll on twitter which reads "Should Kraken delist Bitcoin SV (BSV)?

Soon after Binance, one of the largest cryptocurrency exchanges announced the delisting of Bitcoin SV on 22nd April 2019, Kraken, which is also one of the prominent crypto exchanges has posted a poll on twitter which reads “Should Kraken delist Bitcoin SV (BSV)?. The current status of the poll currently stands at 77% votes for “Yes, it’s toxic and only 3% votes for “No, it’s awesome”.

 

Kraken Going to Delist Bitcoin SV?

Earlier today, Binance had posted a press release which stated that Bitcoin SV no longer meets the standards of the exchange and thus the coin shall be delisted from the platform on 22nd April 2019. This led to a massive crash in the price of BSV which is down by more than 9% in the last 24 hours, while other top cryptocurrencies are showing gains. Just a few hours back, Kraken (cryptocurrency exchange) posted a poll on Twitter asking for the advice of the community for delisting of Bitcoin SV from Kraken. Almost all of the votes are against BSV with people voting for “Yes, it’s toxic”.


Two days back, Anthony Pompliano, the co-founder of Morgan Creek Digital posted a tweet asking all cryptocurrency exchanges to delist BSV on 1st May 2019 in a sign of solidarity behind the only Bitcoin that ever mattered.


It all started after Craig Wright, the founder of Bitcoin SV started to threaten people and even filed lawsuits against some for stating that he is not Satoshi Nakamoto, the founder of bitcoin. Soon, a lot of prominent people including, Changpeng Zhao, the founder of Binance came forward to protest against Craig Wright.

Continue Reading

#Bitcoin SV

Bitcoin SV to be Delisted from Binance: BSV Crashes Hard

Published

on

Binance has announced that it will delist the Bitcoin SV coin from its platform at the end of the month as it does not meet their standards.

Binance, the cryptocurrency exchange has announced that it will delist the Bitcoin SV coin from its platform at the end of the month as it does not meet their standards. Earlier, Changpeng Zhao, the founder of Binance had warned Craig Wright, the founder of Bitcoin SV that if he does not stop threatening other people, he will soon delist his coin from Binance.

 

Craig Wright had been continuously threatening people in the cryptocurrency space and even filed cases against some who claimed that he is not the founder of the original bitcoin, Satoshi Nakamoto.

 

Bitcoin SV: No Longer on Binance

According to a press release posted by Binance today, the platform is going to delist the Bitcoin SV coin. Binance mentioned that this move has been taken as a part of their regular evaluation of the cryptocurrencies the exchange has listed to check whether they still meet the standards of the exchange. In the press release, Binance mentioned that when a cryptocurrency/coin which is already listed on the platform, does not meet their standards or the changes in the industry, they perform an in-depth review and if then delist it from the platform in order to protect their customers.

 

The press release also mentioned some of the facts due to which they have taken the step to delist Bitcoin SV which includes the commitments by the developers of the coin, the levels of activities that that the team performs, the stableness of the network, the transparency of the team, the contribution of the overall project and also if there is a proof of immoral activity or corruption is performed around the asset or coin.

 

Bitcoin SV does not meet the standards of Binance:

The exchange stated that BSV owned by Craig Wright and backed by Calvin Ayre which was a result of the recent hard fork of Bitcoin Cash does not meet the standards of Binance and as such the trading of Bitcoin SV shall end on 22nd April 2019. However, the users will be able to withdraw their coins until 22nd July 2019.

 

Changpeng Zhao, the founder of Binance also tweeted about the delisting of BCHSV from their exchange:

Bitcoin SV Crashes Hard:

BSVUSD Price Chart

BSV/USD Price Chart

Soon after the announcement of delisting by Binance, the price of BSV started to crash hard. Most of the top cryptocurrencies according to market capitalization are in GREEN today (Showing Gains) however, the only exception being BSV which is down by more than 9% in the last 24 hours, currently trading at around $64 with signs of further declines.

Continue Reading

#Bitcoin SV

Bitcoin SV Miners facing huge losses since Hard Fork: Bitmex

Published

on

Bitcoin SV miners have been facing massive amounts of losses that amount to more than $2.2 million in order to keep the network secure since the hard fork.

Since the hard fork of Bitcoin Cash which split the chain into two: Bitcoin SV and Bitcoin Cash ABC back in November last year, the Bitcoin SV miners have been facing massive amounts of losses that amount to more than $2.2 million in order to keep the network secure. The major contributor of the Bitcoin SV mining operations is conducted by Calvin Ayre.

 

Bitcoin Cash Hard Fork:

Bitcoin Cash went through a hard fork last year with the two teams fighting over the technical direction of the blockchain. The two teams led by Roger Ver, one of the earliest known bitcoin investors and Craig Wright, commonly known as Faketoshi for claiming himself to be Satoshi Nakamoto fought each other for disagreement on the size of the blocks of BCH or Bitcoin Cash. Craig Wright had the aim of increasing the size limit of the blocks and thus forked Bitcoin Cash in order to create a new blockchain called Bitcoin SV.

 

Bitcoin SV Miners Facing Huge Losses:

As Bitcoin SV works on a proof-of-work consensus, the miners need to keep mining the blocks in order to support the chain against more than 50% attack, even if they keep facing losses. If the miners had stopped mining the Bitcoin SV chain, the value would have suffered badly. Also both the founder of Bitcoin SV, Craig Wright and the largest miner, Calvin Ayre are believed to own a very large sum of Bitcoin SV which helped them in continuing the mining operations and securing the network.

 

According to recent research by Bitmex which was published on the 12th of April, miners have been facing huge losses that amount to over $2.2 million. The following amount is estimated for just the electricity cost this is used to mine Bitcoin SV. If we take into account other mining expenses such as the overhead cost, employee cost as well as the depreciation of assets, the total amount shall be even more than $2.2 million.

 

Bitcoin Cash ABC Miners making profits:

On the other hand, miners of the 2nd chain i.e. Bitcoin Cash ABC have been making a good amount of profits since the hard fork which equals to almost $42.4 million.

 

Calvin Ayre: The largest Bitcoin SV miner

A report from CoinDance, a cryptocurrency statics provider shows that CoinGeek, a company owned by Calvin Ayre controls more than 28% of the total mining operations of Bitcoin SV. However, it is still uncertain why other 72% of the miners are still mining Bitcoin Satoshi Vision at a loss rather than mining Bitcoin Cash ABC or Bitcoin. The report also shows that mining Bitcoin SV is not at all profitable and does not make any sense.

Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.