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Breaking: Binance to delist Bitcoin SV [BSV] following Ayre-Wright’s legal charge against Faketoshi opposers




Breaking: Binance delists Bitcoin SV [BSV] following Ayre-Wright’s legal charge against Faketoshi opposers
Source: Pixabay

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the Binance users and the BSV camp not backing down from their claims, Binance has decided it’s the last straw and has withdrawn their support for the Bitcoin Cash hardfork.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.

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Binance Chain’s first project Mithril to launch with MITH/USDT trading pair

Namrata Shukla



Binance Chain's adds Mithril as its first project followed by MITH/USDT trading pair
Source: Pixabay

Binance launched its blockchain protocol on April 18 and it already has its first project launch on its network. Mithril, a decentralized social media platform will migrate to Binance Chain. The company’s MITH token, that ranks 121st on CoinMarketCap will transfer from ERC20 to Binance’s BEP2 standard.

Binance Chain has been a highly anticipated project in the crypto world since its announcement and with its launch, the community provided ample support to the move. According to reports, Binance is luring companies into migrating to their new native chain and leave Ethereum.

According to Mithril’s blog post, the migration commenced after the mainnet launch of the Binance Chain and informed the MITH holders that the deposit and withdrawals on will be halted for the initial 12-hour migration period, however, trading will continue. The post added:

“Once the initial migration of ERC20-based MITH to BEP2 MITH is complete, Binance users will be able to withdraw MITH to BEP2 wallets, such as the Ledger Nano S, and begin trading on Binance DEX. ERC20 versions of MITH held in private ETH wallets or on other exchanges will not be impacted.”

As Mithril announced about its migration to Binance chain, the price of MITH, Mithril’s native coin saw a surge. The coin also saw a 70% hike,  followed by a market correction. At press time, MITH was valued at $0.0782 with a market cap of $40 million. The 24-hour trading volume of the coin was $108 million as it pumped by 67.10% over the past day. In the past seven days, the coin noted a surge of a massive 81.47%, which started to dip by 0.84% over the past hour.

Following the addition of the project, Binance announced the listing of MITH/USDT trading pair, which will start trading on April 19, 10 AM UTC.

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