Bitcoin Cash (BCH), Bitcoin's most popular fork, has risen by almost 5% in the last 24 hours (05:51 UTC), while the rest of the market is red, with Bitcoin SV (BSV), Bitcoin's infamous fork Cash, the most dropped (-20%).
As reported, cryptocurrency trader and analyst Luke Martin (aka Venture Coinist) suggested yesterday that all bets on BSV will flow to BCH, as more exchanges are likely to follow major exchanges. Binance and delist BSV. The exchange confirmed Monday that it will remove the coin on April 22.
if you are a bitcoin money fan, one of them has just risen. risk of delistings, lower liquidity, fewer chances of survival if the trend continues …
one of them remained the same and would benefit directly from the death of other forks
that's how I look at it. news / story will be great
– Luke Martin (@VentureCoinist) April 15, 2019
BCH price chart:
BSV price chart:
Erik Voorhees, founder and CEO of crypto exchange in Switzerland shapeshift, confirmed yesterday that the BSV company will also cancel "within 48 hours". In addition, important cryptocurrency wallet Blockchain said they "decided to end all BSV support within the Blockchain Wallet by May 15, 2019."
"We are invested in the long-term health of the crypto ecosystem and we are aware of supporting cryptocurrencies that are reliable, safe and convenient," the company said, adding that their users had to exchange BSV for another crypto in the Blockchain Wallet or send the tokens to another service.
Meanwhile, another popular exchange, Cracking, their followers on Twitter asked if the BSV exchange should remove. At pixel time, 71% of the nearly 58,000 responses were in favor of deletion. The exchange provided no other comments on the matter.
However, some other exchanges have confirmed that they will hold BSV on their platforms. Great exchange OKEx said that BSV "currently does not meet our deletion criteria" and that the company "does not intend to delete BSV for the time being".
Also in one interview, streamed via Twitter account @whalepool (a community of day traders) on Monday, Paolo Ardoino, Chief Technical Officer of the Bitfinex exchange, he also said that he is against removing BSV because it would harm their customers.
In total, BSV can now be traded on a stock exchange of 71. Also a big proponent of Bitcoin SV, Calvine Ayre, announced that a new "BSV-based" exchange, Float SV will be launched on April 19.
Meanwhile, the cryptoverse debates what does the BSV deletion mean for the industry and whether it could set a bad precedent as some members of the community already suggest that Bitcoin Cash should be deleted next.
These people who insist on the BSV listing are the same people who tell me that BTC cannot be censored …
– Chris DeRose (@derose) April 16, 2019
Censorship resistance does not mean & # 39; all companies must support the project & # 39 ;.
– Mario Gibney (@Mario_Gibney) April 16, 2019
Removing a blatant scam with the help of shady marketing tactics is a big yes in my book. And $ BCH deserves the same fate.
– The Crypto Monk ⛩ (@TheCryptoMonk) April 16, 2019
I am not a libertarian, cypherpunk or crypto-anarchist. But if you subscribe to these ideologies, you must support the mass deletion of $ BSV. Not because you agree with the decision, but because this is an excellent exercise in self-regulation by participants in a free market.
– Jeremy Gardner (@Disruptepreneur) April 16, 2019
Ok … so we collectively decided that there is a line of fraud and malicious activity that cannot be tolerated. I am glad that we have finally reached that threshold, I was afraid that the corruption that this industry was willing to bear
– nic carter (@nic__carter) April 15, 2019
Blockchain are not exchanges, and choosing to support an active inactive on your platform is not censorship. There is no contradiction between wanting a non-democratic bitcoin, but wanting a democratic government and a centrally controlled corner delicatessen.
– Ari Paul ⛓️ (@AriDavidPaul) April 16, 2019
Imagine if the CEOs of a number of large supermarket chains publicly communicated via Twitter about refusing to sell a certain herring brand because they disagreed with the position of the herring company CEO on the origin of herring.
– Palley (@stephendpalley) April 15, 2019
I am really proud of CZ and the binance. They stood up for the entire community against bullying and fraud. I hope more exchanges will follow and we can end this dark chapter in the history of Crypto https://t.co/16KEfOqsxP
– Charles Hoskinson (@IOHK_Charles) April 15, 2019
BSV has deleted Binance.
The good: sends a message not to use the state to enforce your crypto-world vision.
The bad: has set a precedent for social media campaigns to remove coins.
The ugly: Crypto-twitter trolls will exert pressure to remove perceived enemies.
– Washington Sanchez (@drwasho) April 15, 2019