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Cardano’s [ADA] Charles Hoskinson: ‘Don’t complain about the BSV delisting and cite free speech’

Priya

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Cardano's [ADA] Charles Hoskinson: 'Don't complain about the BSV delisting and cite free speech'
Source: Unsplash

Bitcoin Satoshi Vision [BSV], currently the fourteenth largest cryptocurrency by market cap, continues to be one of the most controversial topics in the cryptocurrency space even as #delistBSV gains momentum. Since Binance announced that the coin would no longer be a part of the platform, several other exchanges have taken the same decision, with the latest announcement coming in from Kraken, a leading cryptocurrency exchange platform.

The move of several leading exchange platforms ousting a single coin has led to several members in the community raising questions on censorship and the extent of control centralized exchanges have on the cryptocurrency market. While several influencers agreed on the impact centralized exchanges have on the market, several others have also defended the stance taken by these exchanges.

Charles Hoskinson, the co-founder of Ethereum and the CEO of IOHK, also spoke about the #delistBSV trend on his social media handle. Hoskinson stated that cryptocurrency exchanges are “not public utilities”, adding that they were business that was “often run by private owners”. He further stated that if anyone wanted a “utility”, then it’s better off to use a decentralized exchange/ DEX.

Hoskinson said, “Don’t complain about the BSV delisting and cite free speech or some other appeal. It doesn’t exist with private companies”, on Twitter. He went on to state,

“(2/2) the point of cryptocurrencies is to get us to a society where our freedom of association, thought, commerce and expression are guaranteed by open infrastructure. Craig is against this by his megalomaniacal desire to patent, control everything, use of courts for censorship”


Changpeang Zhao, the co-founder and CEO of Binance, also joined in on the censorship accusations. A Twitter user, Warbout, had accused Binance of “subverting natural selection”, adding that the platform would be recognized for being corrupt.



Source: Twitter

Source: Twitter

To this, CZ stated on Twitter,

“Everyone can make their own decisions. Everyone has influence. Even you, if you sold a coin you don’t like (theoretically, it does affect the price, no matter how small), is that centralization? At what level does it stop being centralization? Who decides that level?”

He further said,





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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Bitcoin [BTC], Litecoin [LTC] can be transacted on Whatsapp, announces Zulu Republic as security concerns remain

Namrata Shukla

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Bitcoin and Litecoin can be transacted on Whatsapp, announces Zulu Republic as security concerns remain
Source: Pixabay

The prominent messaging platform Whatsapp has brought the common man one step closer to adopting crypto. According to a recent announcement by Zulu Republic, Bitcoin [BTC] and Litecoin [LTC] would be the first two coins available for users to send and receive on the social messaging platform.

Zulu, “an ecosystem of blockchain tools and platforms where people, businesses, and organizations thrive,” announced the development on May 19:

“We are happy to announce that from today you can send and receive #bitcoin & #litecoin on #WhatsApp via @liteim_official ! try it yourself here: https://wa.me/17869167825?text=HODL …”

The Whatsapp bot currently supports English and Spanish and allows users to exchange Zulu’s native token, ZTX, along with BTC and LTC. With Facebook planning to launch its own crypto and now Whatsapp joining its league, crypto adoption is expected to increase exponentially in the future.



However, Facebook has been struggling with several privacy issues. A report by Bitcoin.com highlighted that Whatsapp hackers managed to install spyware on iOS and Android smartphones through a single phone call through the popular messaging application. This vulnerability of Whatsapp existed for weeks, enabling hackers to inject Israeli spyware on phones through a phone call. The report noted,

“The malicious code, developed by the secretive Israeli company NSO Group, could be transmitted even if users did not answer their phones, and the calls often disappeared from call logs.”

Whatsapp has urged its users to update the software and is currently investigating the vulnerability. The messaging app giant noted that it was too early to estimate the number of phones affected by the hack. With privacy being an important aspect for crypto and social media application users, Facebook and Whatsapp would have to reassure its users of their tightened security measures to further drive global adoption.





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