Delist Bitcoin SV movement continues: Kraken, Bitforex onboard

Delist Bitcoin SV movement continues: Kraken, Bitforex onboard

In the April 16 announcement, the US-based exchange noted: "Over the last few months, the team behind Bitcoin SV have engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for". BCH's departure from the exchange will happen in June, and the exchange will keep support for BSV.

So What is Going On?

Weight is also given to project's overall role in the growth of a strong cryptocurrency ecosystem.

Bitcoin cash is the first hard fork of major cryptocurrency bitcoin (BTC), which was created in August 2017.

Although Edwards said he doesn't believe Wright was Satoshi, he pointed out that there are enough smart people behind BSV to make it a worthwhile project.

The initiative started by the Binance CEO has now taken the crypto world by storm, as the majority of the crypto users and enthusiasts on social media are demanding crypto exchanges and wallets to delist BSV. In turn, bitcoin SV is a hard fork version of bitcoin cash, and is led by self-proclaimed creator of bitcoin, Craig Wright.

Following this criticism, Wright made a decision to sue his critics for defamation and started by filing a suit against Hodlonaut, the famous crypto personality on social media.

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Now, SBI Holdings has come to BSV's defense in a move that is bound to divide the cryptocurrency universe further. As Cointelegraph reported, Kitao apparently has a connection with the BSV founder, with Wright having revealed their close relationship in a tweet in January, demonstrating that he and Kitao spent time together, and claiming that he treats Kitao as "a friend and man I respect a lot".

Binance, which moved its headquarters out of Asia to Malta a year ago, is one of the globe's leading crypto asset exchanges with - according to analytics website Coinmarketcap.com - a daily trade volume topping a billion dollars.

Bitcoin Cash is the world's fourth largest digital currency by market capitalization and now stands at $5.5 billion.

Despite the news, Bitcoin Cash is climbing in value-up almost 6% in the past 24-hours, trading at approximately $314 United States dollars.

BSV has crashed this week on the back of the delisting controversy. While SBI's move may help to rescue Wright's pride, it hasn't been able to rescue the coin's value.

During the BCH press release, the fifth largest cryptocurrency by market capitalization, rose 5.5% in the last 24 hours, trading at $ 314, while BSV fell by more than 21% in a day, trading at $ 55, according to data from CoinMarketCap.

What team are you on?

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