{"id":20292,"date":"2019-04-15T04:00:00","date_gmt":"2019-04-15T04:00:00","guid":{"rendered":"http:\/\/ci027dce711000244f"},"modified":"2019-04-15T04:00:00","modified_gmt":"2019-04-15T04:00:00","slug":"binance-delists-bitcoin-sv","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/binance-delists-bitcoin-sv","title":{"rendered":"Binance Delists Bitcoin SV"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><strong><em>Update<\/em><\/strong> <strong><em>April 15, 2019:<\/em><\/strong><em> ShapeShift CEO Erik Voorhees<\/em> <em>tweeted<a href=\"https:\/\/twitter.com\/ErikVoorhees\/status\/1117842010793099265\" target=\"_blank\" rel=\"noopener\"><\/a><\/em><em> that his exchange \u201cstands with Binance and CZ\u2019s sentiments,\u201d adding that it will delist Bitcoin SV from ShapeShift within 48 hours. Kraken\u2019s official Twitter account<\/em> <em>tweeted<a href=\"https:\/\/twitter.com\/krakenfx\/status\/1117828361269571586\" target=\"_blank\" rel=\"noopener\"><\/a><\/em><em> a poll asking users if they believe Bitcoin SV should be removed from the exchange (at the time of this update, 75 percent of respondents had answered in the affirmative).<\/em><\/p>\n<p>The cryptocurrency exchange Binance is officially removing Bitcoin SV (BSV) from its trading options, according to a company <a href=\"https:\/\/binance.zendesk.com\/hc\/en-us\/articles\/360026666152\" target=\"_blank\" rel=\"noopener\">blog post<\/a>.<\/p>\n<p>The delisting comes after Binance CEO Changpeng Zhao (aka CZ) threatened to delist the <a href=\"https:\/\/btcmagwpstage.wpengine.com\/articles\/when-fork-forks-what-you-need-know-bitcoin-cash-goes-war\" target=\"_blank\" rel=\"noopener\">Bitcoin Cash fork<\/a> coin in response to Craig S. Wright, the coin\u2019s creator, threatening <a href=\"https:\/\/btcmagwpstage.wpengine.com\/articles\/vidi-vici-satoshi-lightning-torch-has-reached-its-final-destination\" target=\"_blank\" rel=\"noopener\">Lightning Torch<\/a> prometheus Hodlonaut <a href=\"https:\/\/btcmagwpstage.wpengine.com\/articles\/craig-wright-threatens-libel-suit-letter-bitcoiner-demands-apology\" target=\"_blank\" rel=\"noopener\">with a lawsuit<\/a>.<\/p>\n<aside>\n<p>&#8220;Craig Wright is not Satoshi.<\/p>\n<p>Anymore of this sh!t, we delist!&nbsp;<\/p>\n<p>\u2014 CZ Binance (@cz_binance)<\/p>\n<\/aside>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Craig Wright is not Satoshi.<\/p>\n<p>Anymore of this sh!t, we delist! <a href=\"https:\/\/t.co\/hrnt3fDACq\">https:\/\/t.co\/hrnt3fDACq<\/a><\/p>\n<p>&mdash; CZ \ud83d\udd36 BNB (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1116563034476957699?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 12, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Per the blog post, \u201cAll trade orders will be automatically removed after trading ceases in each respective trading pair\u201d but withdrawals will be open until July 22, 2019.<\/p>\n<p>Officially, the blog post cited a failure to meet Binance\u2019s standards as the reason for the delisting.<\/p>\n<p>\u201cAt Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect,\u201d the post reads. \u201cWhen a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users.\u201d<\/p>\n<p>These standards include things like team commitment, development activity, network strength, cooperation with the Binance team and whether or not the project has been pegged with fraudulent and\/or unethical conduct.<\/p>\n<h4>Craig Wright vs. Hodlonaut<\/h4>\n<p>Craig Wright, an Australian computer scientist, has been steeped in Bitcoin community skepticism (if not ire) for his long-held assertion that he is the true identity behind Satoshi Nakamoto, Bitcoin\u2019s pseudonymous founder. The community has branded him \u201cFaketoshi\u201d for this claim, inspiring such Twitter hashtags as #CraigWrightIsAFraud.<\/p>\n<p>When the trend took off, Wright threatened legal action against anyone who calls him a fraud on the grounds of libel, taking aim at no individual in particular. This nebulous threat, though, was finally substantiated when Wright sent a cease-and-desist order to Hodlonaut.<\/p>\n<p>The anonymous bitcoiner then deleted his Twitter account at the behest of his legal council and, though Wright can only serve him the threatened lawsuit if he obtains his physical address \u2014 an effort that Wright\u2019s colleague, Calvin Ayre, has aided him in by launching a <a href=\"https:\/\/en.wikipedia.org\/wiki\/Doxing\" target=\"_blank\" rel=\"noopener\">doxing campaign<\/a> through his website CoinGeek \u2014 <a href=\"https:\/\/weareallhodlonaut.com\/\" target=\"_blank\" rel=\"noopener\">community members launched a fundraiser<\/a> to cover Hodlonaut\u2019s legal costs. Three days in, the campaign has raised $28,000 and reached its soft cap just a day after its launch.<\/p>\n<aside>\n<p>&#8220;Announcing a crowdfunding campaign to help @hodlonaut defend against unfounded legal attacks. Any remaining funds will be donated to @btcven. Please spread the word and donate!https:\/\/t.co\/X95BoQbO8D<\/p>\n<p>In the bitcoin community we stand up for each other. #WeAreAllHodlonaut pic.twitter.com\/jD6hmAMJUv<\/p>\n<p>  \u2014 elizabeth stark (@starkness)<\/p>\n<\/aside>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Announcing a crowdfunding campaign to help <a href=\"https:\/\/twitter.com\/hodlonaut?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@hodlonaut<\/a> defend against unfounded legal attacks. Any remaining funds will be donated to <a href=\"https:\/\/twitter.com\/btcven?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@btcven<\/a>. Please spread the word and donate!<a href=\"https:\/\/t.co\/X95BoQbO8D\">https:\/\/t.co\/X95BoQbO8D<\/a><\/p>\n<p>In the bitcoin community we stand up for each other. <a href=\"https:\/\/twitter.com\/hashtag\/WeAreAllHodlonaut?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#WeAreAllHodlonaut<\/a> \ud83d\udcaa <a href=\"https:\/\/t.co\/jD6hmAMJUv\">pic.twitter.com\/jD6hmAMJUv<\/a><\/p>\n<p>&mdash; elizabeth stark \u26a1 (@starkness) <a href=\"https:\/\/twitter.com\/starkness\/status\/1116782036168011776?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 12, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>  After cajoling Wright and Ayre in a series of tweets, the podcaster behind \u201cWhat Bitcoin Did,\u201d Peter McCormack, dogpiled onto the looming legal proceedings, receiving a cease-and-desist letter similar to the one sent to Hodlonaut and responding in kind with a tongue-in-cheek response to Wright\u2019s legal team.<\/p>\n<p>Given that many assume Craig Wright\u2019s claim as the inventor of Bitcoin is fraudulent and the lawsuits he has launched to defend this claim, Binance\u2019s standard of not supporting allegedly unethical or fraudulent projects may have motivated the delisting.<\/p>\n<p>Even if this isn\u2019t the case, some Bitcoin community members contend that Bitcoin SV doesn\u2019t meet the typical technical standards for a reputable exchange anyway, given how many transaction confirmations top exchanges usually require before they recognize deposits.<\/p>\n<aside>\n<p>Coins with weak PoW hashrates are a headache for exchanges, as their transactions can cheaply be reversed (double spent). Here\u2019s Kraken compensating for that, by only acknowledging deposits after many confirmations. (Via @minefarmbuy)<\/p>\n<p>  \u2014 Tuur Demeester (@TuurDemeester)<\/p>\n<\/aside>\n<aside>\n<p>Coins with weak PoW hashrates are a headache for exchanges, as their transactions can cheaply be reversed (double spent). Here&#8217;s Kraken compensating for that, by only acknowledging deposits after many confirmations. (Via @minefarmbuy)<\/p>\n<p>  \u2014 Tuur Demeester (@TuurDemeester)<\/p>\n<\/aside>\n<aside>\n<p>  Coinbase require 1008 confirmations for BSV. That\u2019s ~1 week!<\/p>\n<p>  \u2014 Luke Childs (@lukechilds)<\/p>\n<\/aside>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Coinbase require 1008 confirmations for BSV. That&#39;s ~1 week!<a href=\"https:\/\/t.co\/PoHqB6hS06\">https:\/\/t.co\/PoHqB6hS06<\/a> <a href=\"https:\/\/t.co\/5PtntN0Vpq\">pic.twitter.com\/5PtntN0Vpq<\/a><\/p>\n<p>&mdash; Luke Childs \u2602\ufe0f (@lukechilds) <a href=\"https:\/\/twitter.com\/lukechilds\/status\/1117609266125295616?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 15, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>  Following news of the delisting, Bitcoin SV\u2019s <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin-sv\/#markets\" target=\"_blank\" rel=\"noopener\">price fell dramatically<\/a> and it is currently down roughly 8 percent on the day, trading at about $64.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Update April 15, 2019: ShapeShift CEO Erik Voorhees tweeted that his exchange \u201cstands with Binance and CZ\u2019s sentiments,\u201d adding that it will delist Bitcoin SV from ShapeShift within 48 hours. Kraken\u2019s official Twitter account tweeted a poll asking users if they believe Bitcoin SV should be removed from the exchange (at the time of this [&hellip;]<\/p>\n","protected":false},"author":2566,"featured_media":20293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[1490,2911],"class_list":{"0":"post-20292","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-binance-us","9":"tag-bitcoin-sv"},"author_data":{"id":2566,"name":"Colin Harper","nicename":"colin-harper","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/binancewidth-800.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2566"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20292"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/20293"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}