April 15, 2019, will be remembered as the day a crypto exchange stoop up for the entire crypto community.
On this day, Binance announced that it would be delisting BSV (Bitcoin Satoshi Vision) from its trading platform. The decision followed days of unrest as one Craig Wright appeared to cause a lot of disturbance within the crypto space.
The Debacle: Crypto Community Vs Craig Wright
A few days ago, Binance CEO Changpeng Zhao said Craig Wright is not the real Satoshi Nakamoto and that he should stop threatening people. He challenged him to produce the private keys used to sign letters and documents by the real Satoshi.
Zhao also warned Craig and his BSV camp that Binance would delist BSV if they didn’t stop disturbing the order in the crypto community.
Well, seems like Craig didn’t hear any bit of that as he went ahead to serve even more letters, prompting Binanc e to announce BSV’s delisting from its platform. Within hours of the announcement, the crypto market lost $6 billion.
For one, it’s fair to note that the initial battle wasn’t between Craig and Binance, but rather between Craig and whoever doesn’t agree with his claim of being Satoshi Nakamoto, the mysterious Bitcoin creator.
Craig has on many occasions claimed that he is the real Satoshi and moved to serve warning letters threatening to sue anyone who doesn’t agree with his claim.
Craig has threatened crypto journalists and popular twitter users alike, the latest of which is Hodlonaut. Hodlonaut is famed for having started the now popular Bitcoin Lightning Torch.
Following threats issued by Craig against Hodlonaut after the twitter user called him out as a fraud, numerous other crypto fans have since changed their twitter handles to “Hodlonaut” and started a special contributions account in support of Hodlonaut.
Following the news of BSV’s delisting, the market took a shock, with many of the top 10 and top 20 cryptos going down by a few single digit percentages.
However, for BSV, it was a whole 20% dump. On the flip side, the market now seems to have absorbed the chock and is currently recovering, with Bitcoin reclaiming its earlier $5,100 price range as it readies to break the $5,200 resistance.