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Bitcoin Cash beats the market while BSV Rift penetrates deeper



Game of Forks: Bitcoin Cash beats the market while BSV Rift deepens 101
Source: iStock / ThomasShanahan

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.

BCH price chart:

Game of Forks: Bitcoin Cash beats the market while BSV Rift deepens 102
Source: coingecko.com

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BSV price chart:

Game of Forks: Bitcoin Cash beats the market while BSV Rift deepens 103
Source: coingecko.com

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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.

Game of Forks: Bitcoin Cash beats the market while BSV Rift deepens 104

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.


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