Crypto News – 16 April – Binance delists Bitcoin SV, Ethereum and XRP gain trading support from Coincheck and more
— AMBCrypto (@CryptoAmb) 16 April 2019
Daily Crypto News – April 16
1) SBI Virtual Currencies delists Bitcoin Cash: SBI Virtual Currencies, a licensed cryptocurrency exchange based in Japan, has delisted Bitcoin Cash [BCH] in a knee-jerk response to the recent delisting of Bitcoin SV [BSV] by Binance.
Read more at https://bit.ly/2IpB4Ro
2) Antonopoulos on Bitcoin scalability: According to the Bitcoin patron, scalability cannot be solved permanently. He was of the opinion that there is no such “final solution” for the scalability issue on the BTC blockchain.
Read more at https://bit.ly/2Xl6mMD
3) Bitcoin SV freefalls by 20%: It comes as no surprise that a delisting by the biggest exchange in the world has resulted in a massive freefall in the BSV price, declining by a whopping 21.22 percent at press time.
Read more at https://bit.ly/2XhOzWm
4) Calvin Ayre floats Bitcoin SV-based Exchange: Many more exchanges are inclined towards offloading BSV, hence Calvin Ayre has looked to a “native exchange” for respite. FloatSV, an OKEx partnered “Bitcoin SV based exchange” is the touted solution to the delisting dilemma.
Read more at https://bit.ly/2UiCtdW
5) Unocoin employee count reaches 14: In the latest crypto-verse related news from the world’s largest democracy, Unocoin, a once popular exchange, revealed that they only had 14 employees left after funding talks to revitalize the company failed.
Read more at https://bit.ly/2V0AaAB
6) Rakuten opens registration for trading cryptocurrencies: Rakuten, the Japanese equivalent of e-commerce giant Amazon, announced that it has opened registrations for its cryptocurrency exchange, in a recently released press release. According to the statement, account registrations for trading cryptocurrencies on the company’s Rakuten Wallet were now open.
Read more at https://bit.ly/2v6KTL9
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Binance Chain’s ‘decentralization’ questioned by Bitcoin enthusiast; calls Binance DEX just an app
Udi Wertheimer, an independent developer and a “Bitcoiner” posted a series of tweets taking a jab at Binance Chain, which is slated to launch on April 23.
According to Wertheimer’s tweets, Binance has not updated the “source code” or “binaries” for the Binance Chain; and despite enquiring about it on the official telegram group of Binance, he was offered any source code.
If anyone’s wondering, the source code for “Binance Chain” full nodes is still nowhere to be found; 4 days before “mainnet” launch, and after multiple “projects” promised to migrate from Ethereum. Without ever seeing the source code.https://t.co/MuiRN23eDS
— Udi Wertheimer (@udiWertheimer) April 19, 2019
He said that Binance recommended users, who want to migrate tokens to Binance chain, use the official SDK, which will be done via official HTTP API using Binance’s trusted servers. Binance DEX, which will make use of the Binance Chain, also has no source code or binaries which are open source. He stated:
“There’s almost nothing there. So I looked for the source code. Guess what, THERE’S NO SOURCE CODE. They only have binaries, and only for a light client, no full node at all!”
He commented on the Binance Chain and the Dex that all Binance did was release an “app that connects to the API of your new centralized infrastructure”. In addition, the “Light Node” is a program that helps users access and interact with the Binance Chain in a secure and decentralized manner; the source code for which is “closed source” according to Wertheimer.
Wertheimer further added:
“Just releasing the binaries won’t be enough, and there’s no indication I could find anywhere that they intend to release the source code, like, ever. In any case, regardless of what may happen in the future, what’s released so far amounts to nothing more than a new website.”
A Twitter user, @bag_holder commented:
“Lol seems like a very Chinese thing to do. “BORROW” IP, make some edits, then keep it to oneself”
Another Twitter user, @thecryptostefan commented:
“There’s a branch with the full node implementation, no? I thought they just hadn’t merged it to master yet when I was looking last night. I think it’s the prerelease branch or one of those.”
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