News Kraken delists Bitcoin SV

Kraken delists Bitcoin SV


- Advertisment -

The Kraken exchange has delisted Bitcoin SV, becoming the latest platform to shun the controversial coin, following the continued drama surrounding Craig Wright.

Taking to Twitter in early today, the San Francisco-based exchange announced that trading was disabled and open orders would be canceled shortly. It also asked users to withdraw all BSV by May 31. Deposits had been canceled on April 22.

The decision to delist Bitcoin SV followed a Twitter poll the exchange conducted earlier this month asking whether it should remove the forked altcoin. With 70,545 votes, 71 percent declared that it should be removed; 22 percent said they didn’t care.

In a blog post earlier this month, a Kraken spokesperson explained the exchange’s decision to delist the controversial token: “Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for. It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw.”

Wright, an outspoken advocate of Bitcoin SV, is notorious for, among other things, consistently claiming to be Satoshi Nakamoto, the creator of Bitcoin. During the last few weeks, he began filing libel lawsuits against people who dispute his claim.

Kraken follows in the footsteps of exchanges Binance, ShapeShift, and cryptocurrency wallet Blockchain who have given their own reasons for delisting the altcoin. While some question the fairness of exchanges delisting the coin for what amounts to schoolyard shenanigans, for Wright’s many critics in the boisterous cryptoverse, a consensus has emerged.



Please enter your comment!
Please enter your name here

Latest news

Top 8 Potential Cryptocurrency Business Ideas for 2021

Which word comes into your mind when you hear or think of the word ‘cryptocurrency’? It might...

3 Important Reasons to Have AML for Cryptocurrency Business

In this article we are going to examine the 3 most important reasons to Have AML for...

Use of Smart Cards in Blockchain App Development

Ever since blockchain technology made a major breakthrough all over the globe, experts and forecasters have been...

IMF: Risk of substitution of domestic money by central banks’ digital currencies

Central banks around the world began looking closely at the issuance of their own digital currencies, known...
- Advertisement -

Ripple: The cryptocurrency that will ‘change’ the world in 2020

Ripple could say he's a child of Bitcoin: In December 2017 Bitcoin hit a record price in...

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders. Spain's government has reportedly approved...

Must read

- Advertisement -

Read Next
Recommended to you