Binance, the largest cryptocurrency exchange in the world will finally delist the 12th largest coin Bitcoin SV [BSV] on April 22. After mounting protest from the crypto-community to boot out the coin, Changpeng Zhao, the CEO of Binance has pulled the trigger.
Calvin Ayre and Craig S Wright, the two spearheads of the BSV project have been serving “legal notices” to all those who oppose Wright’s claim of being the original Satoshi Nakamoto. Peter McCormack, and the Twitter pseudonym Hodlanaut have been served legal notices, with Ayre warning many more “trolls” will face the music .
Zhao, who does not exclaim his displeasure regarding the happenings in the crypto-verse, especially with reference to controversial topics had affirmed in an earlier tweet that “Craig Wright is not Satoshi”. CZ further added that if this tirade continues, the coin would be deslited from their exchange.
He even added that this “is going too far,” and that CSW’s claims of being Satoshi has been going on for a while. The Binance CEO even pointed to BSV’s emergence in November 2018 as being the reason for the BTC decline below the $6,000 mark. Furthermore, Zhao even added that if served a legal notice by Ayre and team, “it won’t be the first time” and that the cost will not be of concern to him as the legal team at Binance “can deal with it”.
Following the relentless requests of the Binance users and the BSV camp not backing down from their claims, Binance has decided it’s the last straw and has withdrawn their support for the Bitcoin Cash hardfork.
The Binance CEO stated:
The delisting of BSV looks to be a severe blow to the camp and its prospects of becoming the one-true virtual currency that “follows the original Satoshi Nakamoto whitepaper”. At a time when its big-brother Bitcoin Cash has seen massive growth and even jumped two spots above, BSV is looking to decline.
A recent report from Diar stated that of the major cryptocurrency exchanges, Binance holds over 50 percent of the traded volume, with Bitfinex and Coinbase trailing behind.
Binance may not be the only exchange to show the door to BSV with other exchanges looking to follow suit. Anthony Pompliano, the partner at Morgan Creek appealed to other exchanges to delist Bitcoin SV following the legal debacle.
The exchange’s official site several reasons for a coin or project being delisted, including lack of commitment to the project, level, and quality of the development activity, level of public communication, evidence of unethical or fraudulent conduct among others.
Since the beginning of the year, Binance has already delisted several coins like CloakCoin [CLOAK], Modum [MOD], SALT [SALT], Substratum [SUB] and Wings [WINGS], resulting in a massive drop in their price.
Subscribe to AMBCrypto’s Newsletter
XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind
XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”
A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.
Oops! Sorry! Infrastructure blip. Really easy fix but I enjoyed an offline afternoon with my girls 😇 So I only found out after some time, when I checked my phone. Monitoring, messages, calls 😇 Social media tips went through during the downtime. Sorry! 😆
— Wietse Wind (@WietseWind) June 23, 2019
XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.
After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.
The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.
This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.
XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.
SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.
Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.
Subscribe to AMBCrypto’s Newsletter