Leading digital asset exchange Binance has made good on earlier threats against Bitcoin SV’s most prolific proponents. According to a press release from the trading venue, the controversial crypto no longer meets the standards set by Binance and it will delist the asset later this month.<\/p>\n
The beef stems from the threats made by Craig S. Wright in regards to whether or not he is indeed the creator of the most successful digital asset to date. The Australian computer scientist has been reportedly sending out letters of legal action to individuals and news organisations who have said his claims to be Satoshi Nakamoto are fraudulent.<\/p>\n
The news broke earlier today via a press release<\/a> from Binance, simply titled “Binance Will Delist BCHSV”. In the post, the exchange writes that the move is part of its periodic reviews of the digital assets it chooses to list and whether they meet certain standards set by the firm. Binance justifies this by stating:<\/p>\n “When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users.”<\/p><\/blockquote>\n The post goes on to list some of the factors it considers. These include developer’s commitment and level of activity on a project, how stable the network is, how transparent the lead development team are with the public, how well the project contributes to the wider crypto space, and finally, if there is evidence of unethical or fraudulent conduct surrounding the asset.<\/p>\n According to Binance, the Bitcoin fork championed by Craig S. Wright and online gambling entrepreneur Calvin Ayre has failed to meet its standards and thus it will cease trading on April 22, 2019. Withdrawals will remain available until July 22 at 10:00 AM UTC.<\/p>\n The Binance press release was accompanied by a Tweet from the exchange’s founder, Changpeng Zhao. In it, he seems to hint to other exchange executives to follow suit:<\/p>\n Do the right thing. https:\/\/t.co\/z7HGsAZnmR<\/a><\/p>\n — CZ \ud83d\udd36 BNB (@cz_binance) April 15, 2019<\/a><\/p><\/blockquote>\n\n