On April 16, the Bitcoin SV (BCH SV) cryptocurrency rate fell by 21.92%. The sharp drop is due to the de-listing of the coin on several exchanges (Binance, ShapeShift) and the rapid development of the movement against the creator of BSV, Craig Wright.
Bitcoin SV: depreciation and delisting
Today, on April 16th, the rate of BCH SV was down by 21.92%. Now, the cost of the coin is $ 56.27. A sharp decline is attributed to cryptocurrency delisting on several exchanges, in particular Binance and ShapeShift.
Recall that the founder of the coin Craig Wright has recently been criticized by the cryptocurrency community. Wright threatened the Twitter user with insults and promised $ 5,000 to anyone who can help identify the "offender" under the nickname Hodlonaut.
In response to Wright's statements, a movement appeared on the network – #WeAreAllHodlonaut. The general director of the Binance Cryptocurrency Exchange, Changpen Zhao, joined the movement and promised to remove the BCH SV cryptocurrency from the listing.
Yesterday, on April 15th, he kept his promise and said that the cryptocurrency would be removed from the platform on April 22 at 10:00 UTC. The possibility of withdrawing funds will be available until July 22 of the current year.
Interesting in the section: Bitcoin Cash SV features
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details to protect users, Binance regularly conducts a large-scale study of each digital asset tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details on the platform for high standards (...) Based on the above criteria, we decided to delist and suspend trading (BCH SV)." – Support Binance.
In addition, on April 15, another platform announced the delisting of cryptocurrency. ShapeShift Crypto Exchange CEO Eric Vorges promised to remove Bitcoin SV from the list of trading pairs soon.
Bitcoin SV suffered a sharp collapse of the course and blocking by the exchanges. Recall that the founder of BCH SV, Craig Wright, was spotted in several scandals. For example, he filed more than 155 applications for patents for various achievements of the cryptocurrency industry (including smart-contracts).
Editor: Godfrid Brower