#delistbsv: Kraken Joins ShapeShift, Binance and Others Saying Goodbye to Bitcoin SV

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#delistbsv: Kraken Joins ShapeShift, Binance and Others Saying Goodbye to Bitcoin SV
Kraken will disable BSV deposits on April 22, trading will be ceased for all trading pairs on April 29th and, finally, withdrawals will be disabled on May 31st.
#delistbsv: Kraken Joins ShapeShift, Binance and Others Saying Goodbye to Bitcoin SV

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Source: CoinSpeaker

Is John McAfee among crypto adherents who knows Satoshi’s true identity?

John McAfee, the cyber-security genius, assured that Craig Wright was not Satoshi Nakamoto and in a shocking turn of events mentioned that there were a few people who knew the true identity of Satoshi Nakamoto.
John McAfee’s tweet read:
“Enough is enough! There at least a dozen crypto adherents who know the true identity of Satoshi. I can assure you, 100%, it is NOT Craig Wright. This absurd claim of Craig’s is incomprehensible. Mr wright: Have you no shame? Seriously sir! Have you no shame?”
Craig Wright has been raining lawsuits on Bitcoin enthusiasts who allegedly ridiculed him and claimed that he was not Satoshi Nakamoto. The string of lawsuits that began with Hodlonaut (and still continuing) brought the crypto-space together. Moreover, this also led CZ, the CEO of Binance, to delist Bitcoin SV, a fork of Bitcoin Cash, supported by Calvin Ayre and Craig Wright.
While some prominent people in the community “trolled” the incidents that occurred, others in the crypto-sphere gave their opinions on – if Craig Wright was Satoshi Nakamoto or not. McAfee was one among the latter, as he mentioned that there “at least a dozen crypto adherents” who knew Satoshi Nakamoto’s identity.
In addition, McAfee assured that Craig Wright wasn’t Satoshi Nakamoto. He said that he was “100% sure” about this matter, which leads to another question: Is John McAfee be one among the “dozen crypto adherents” who knows the identity of Satoshi Nakamoto?
Curious Twitter users asked if actually knew the identity and asked him to divulge the information. A Twitter user @bobchain_crypto tweeted:
“Do you know? Tell us!!!”
McAfee replied:
“Please. Get real. Satoshi has remained anonymous all these years and you expect someone to just tell you??? Surely that was not a serious statement.”
The post Is John McAfee among crypto adherents who knows Satoshi’s true identity? appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV Continues to Plummet Amidst Delisting Trend: Bitcoin Cash Hodlers Celebrate

The recent Bitcoin SV (BSV) imbroglio first began when those backing the cryptocurrency took legal action against popular figures within the crypto community who had been outspoken against both BSV and its mastermind, Craig Wright – who is widely seen as a charlatan who incessantly claims that he is the true Satoshi Nakamoto.
BSV, which was just recently delisted from the world’s largest cryptocurrency exchange, Binance, has since been delisted by other major exchanges as well and has found itself caught in a downwards tailspin that has sent it spiraling down to set fresh year-to-date lows.
Bitcoin Cash the Big Winner of the BSV Imbroglio
This recent price drop and the growing trend of major exchanges delisting BSV – although devastating for those invested in the cryptocurrency – has been very positive for Bitcoin Cash, which has incurred decent price gains in the time since Bitcoin SV was delisted from Binance.
Bitcoin Cash – which underwent a hard fork in late-2018 that resulted in the creation of BSV – has surged from weekly lows of $260 to highs of nearly $330, before settling at its current price of $318.80.
Bitcoin SV, on the other hand, has plummeted over the past several days, and is currently trading down over 12% at its current price of $55. BSV has plummeted from its one-week highs of roughly $85, which were set last Wednesday.
Although Bitcoin Cash may directly benefit from Bitcoin SV’s tailspin, analysts still expect it to possibly see further downside in the near-term.
The Cryptomist, a popular cryptocurrency analyst on Twitter, shared her thoughts on where BCH is heading next, noting that a bear division on its RSI may signal that further downside is imminent, despite its recent strength.
“$BCH This has been one of my biggest winners in the last couple months! I would not fomo in atm, we have a double top on candles and bearish div on RSI. Expecting a little retracement,” she said.

$BCH
This has been one of my biggest winners in the last couple months! I would not fomo in atm, we have a double top on candles and bearish div on RSI. Expecting a little retracement. Ignore the diagonal line on chart, experimental for now pic.twitter.com/FMQd982xpL
— The Cryptomist (@TheCryptomist) April 16, 2019

Bitcoin SV May Continue to Plunge as More Exchanges Delist it  
BSV’s recent drop is directly linked to Binance choosing to delist it from their platform – a decision that led other exchanges to follow suit.
Shortly after Binance made the announcement, Erik Voorhees, the CEO of cryptocurrency exchange ShapeShift, tweeted that his exchange would also be delisting BSV from their platform.
“We stand with @binance and CZ’s sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs,” he concisely noted.

We stand with @binance and CZ's sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs.
— Erik Voorhees (@ErikVoorhees) April 15, 2019

Blockchain.com also announced that they would be delisting BSV by May 15th.
“In the next thirty days, we will end even close out support for #BSV transactions. To use #BSV, go somewhere else!” Peter Smith, the CEO and co-founder of Blockchain.com, explained in a tweet.

In the next thirty days, we will end even close out support for #BSV transactions. To use #BSV, go somewhere else! https://t.co/PCsbtn3MHG https://t.co/oSN19wIWre
— Peter Smith (@OneMorePeter) April 15, 2019

The latest cryptocurrency exchange to announce that they would be delisting BSV is Kraken, which recently tweeted that “the people have spoken” adding that they would be delisting Bitcoin SV, marking another significant blow to the embattled cryptocurrency.

The people have spoken. Kraken is delisting BitcoinSV: https://t.co/8lSUfEYUYr#delistBSV
— Kraken Exchange (@krakenfx) April 16, 2019

As more exchanges jump on the band wagon and delist Bitcoin SV, it is highly likely that Bitcoin Cash will continue to reap the rewards and may see significantly further gains in the near future.
Featured image from Shutterstock.
The post Bitcoin SV Continues to Plummet Amidst Delisting Trend: Bitcoin Cash Hodlers Celebrate appeared first on NewsBTC.
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Bitcoin Cash [BCH] Hits Higher, Trades at $320 Amidst its Fork Dipping the Bottom

Amidst the rising debate of delisting of Bitcoin Cash’s fork BSV cryptocurrency from the various trading platforms, Bitcoin Cash (BCH) becomes the hottest coin that blinks with the positive figure of $320 against US Dollar.
Although Bitcoin and other major cryptocurrencies hit Monday market with budding figures, it is slightly turning their ways back. While Bitcoin is declined with 1.41 percent over the past 24 hours, other cryptocurrencies including Ethereum, XRP, EOS, Litecoin Coin, Binance Coin, Tether, Stellar and Cardano also trading slightly below.
Source: Coinmarketcap
Bitcoin Cash becomes Hottest Coin
Nevertheless, despite today’s red figures across the leading cryptocurrencies on the graph of Coinmarketcap, Bitcoin Cash is the only potential cryptocurrency which has gained over 6 percent growth within the past 24 hours.
However, it is interesting to note that ‘BCH’s own fork BSV is already sided down from 12th position to 14th position after delisting decision by Binance and Shapeshift exchange. Since the controversy around BSV and its creator Craig Wright begun, this infamous cryptocurrency suffered significant loss – in fact, the currency which was trading at approximately $83 against US dollar is plummeted down to $56 at press time.
Source: Coinmarketcap
Eventually, BSV has lost its major value of 21.36 percent since the last 24 hours and trading at the value $56 against US Dollar. As such, its demur becomes the potential opportunity for Monero and Dash which is presently sitting at 12th and 13th spot respectively.
Bitcoin Cash itself is the fork of Bitcoin which occurred on August 01, 2017 at 12.20pm and later in the year 2018, BCH network update has resulted in two networks; BCH ABC and BCH SV. Nevertheless, BCH ABC or Bitcoin ABC is called as Adjustable Blocksize Cap wherein BCH SV or Bitcoin SV is known as Bitcoin Satoshi Vision. While Bitcoin ABC is led by Roger Ver, on the other hand, Bitcoin SV is led by Craig Wright who is at the center of ongoing Satoshi Nakamoto’s identity controversy.
So readers, what’s your take on BCH’s rise and BSV’s decline? Let us know in the comment below.
The post Bitcoin Cash [BCH] Hits Higher, Trades at $320 Amidst its Fork Dipping the Bottom appeared first on Coingape.
Source: CoinGape

Coincheck Adds XRP and Ethereum to Its OTC Trading Desk

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Coincheck Adds XRP and Ethereum to Its OTC Trading Desk
Coincheck, a Japanese cryptocurrency exchange has launched its Over-the-counter (OTC) trading desk wherein the platform is debuting XRP and ETH as the first altcoin listing.
Coincheck Adds XRP and Ethereum to Its OTC Trading Desk

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Source: CoinSpeaker

Was it The ‘Wright’ Decision? Crypto Community and Markets React to BSV Delisting

When Bitcoin SV forked from Bitcoin Cash in November 2018 the resultant hash war was blamed by many as the catalyst for the final dump of crypto markets down to their lowest levels for 18 months. Five months later Bitcoin SV is still causing chaos for the community and crypto markets.
Did Binance Make The Right Call?
The world’s largest cryptocurrency exchange by adjusted volume delisted the controversial Bitcoin SV yesterday. The imbroglio all stems from BSV creator Craig Wright’s repeated threats to organizations and media outlets who refute his claims to be Satoshi Nakamoto.
The call to digital arms by Binance boss Changpeng Zhao encouraged others exchanges to do the same and some already have. Binance claims that BSV no longer meets its standards but the real reason goes much deeper than that. Many, such as Shapeshift, have already followed suit as has Blockchain.com;

Read more on our decision to discontinue support for #BSV by May 15th in our latest blog post: https://t.co/LzBPnTclxW https://t.co/rXtiRgxSaQ
— Blockchain (@blockchain) April 15, 2019

The crypto community, which uses Twitter as a primary means of communication, is a largely polarized group vehemently protective of their own favorites in the industry. The reaction, as expected, has been quite vocal. Major exchanges charge a fair whack to list a new crypto asset and as economist and crypto analyst Alex Krüger pointed out;
“Once every exchange is done delisting BSV, why stop there? Why don’t exchanges delist all sh*tcoins? Ah, that’s right, the more coins exchanges have, the more money they make.”
Others acknowledged the potential of insider trading if people know about CZ’s decision before he made it. It appears BSV was being shorted before the announcement since it slid 16% in during the previous week when markets were generally performing well.
Not all posts were supportive of the decision and saw it as detrimental for the industry in general;

Am I the only one who thinks Binance just shot themselves in the foot?
How do they go about discussing anything serious with a regulator after delisting a crypto because someone was mean to them?
— iang (@iang_fc) April 15, 2019

Cardano’s Charles Hoskinson did stick up for Binance and it is clear that Wright has wound up a lot of people in the industry;

I'm really proud of CZ and binance. They stood up for the entire commun ity against bullying and fraud. I hope more exchanges follow and we can end this dark chapter in Crypto's history https://t.co/16KEfOqsxP
— Charles Hoskinson (@IOHK_Charles) April 15, 2019

He followed up with “The precedent is don’t claim you’re Satoshi, patent everything that you can get your hands on, insult the people of Rwanda and then sue people who deny your claims” before adding “The investors should solely be angry at Craig for his conduct. He does not own our space. He is not entitled to behave like a petulant child and sue people who very rightly ask for evidence of his claims. If you invested in this man, then what do you expect?”
Crypto Markets React
A BSV dump was expected and it has done just that shedding 25% on the day down to $54. The majority of that outflow has been channeled into the coin that spawned it, Bitcoin Cash which spiked 12% at the time to $332. Markets in general are down today with Bitcoin falling back to just above $5,000 and $6 billion leaving the space overnight.
The bottom line, as this incident has highlighted, is that Binance is a profit driven corporation that is highly centralized and has an overreaching level of control over the wider industry. While all intentions may have been righteous, too much leverage by any one entity is the antithesis of what decentralized peer to peer currencies are all about.
Image from Shutterstock
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Blockchain Wallet, ShapeShift to Delist Bitcoin SV, Kraken Considers Joining the Bandwagon

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Blockchain Wallet, ShapeShift to Delist Bitcoin SV, Kraken Considers Joining the Bandwagon
After crypto exchange Binance’s decision to delist Bitcoin SV (BSV), anonymous exchange ShapeShift has also decided to drop the cryptocurrency, with Kraken considering to follow suit.
Blockchain Wallet, ShapeShift to Delist Bitcoin SV, Kraken Considers Joining the Bandwagon

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Source: CoinSpeaker

Crypto Market Wrap: Did Binance Just Cause a $6 Billion Dump?

Crypto markets cooling off again; Only Bitcoin Cash surviving as Bitcoin SV drowns.
Market Wrap
There has been no further momentum on crypto markets and the pullback appears to be decelerating. The Binance BSV debacle seems to have sent markets into a temporary tailspin as $6 billion left the space a few hours after the announcement. Volumes and total capitalization is thinning out again as it approaches $170 billion but no major decline has ensued.
Bitcoin dumped to an intraday low of $5,025 a few hours after Binance delisted its smaller sibling. It has slowly clawed back to just below $5,100 today though and appears to be comfortable holding this position for now. There is still a lot of resistance looming above this level though.
Ethereum has plunged almost 4 percent on the day as it fell back to $160. Markets have been generally bearish over the past 24 hours but ETH has taken a harder hit this time. XRP which has moved very little in recent days has receded 2.5% overnight falling back to $0.32.
The top ten is all in the red this morning during Asian trading. That is all aside from Bitcoin Cash which has mopped up losses from Bitcoin SV. BCH has added 5% on the day to reach $313 after an initial surge of 25% to surpass $330 as it continues to benefit from BSV’s misfortune. All other altcoins are dumping with Litecoin and Stellar dropping 4 – 5 percent and EOS and Cardano over 3%.
The top twenty is also all red at the time of writing. BSV has predictably started to collapse as Binance flexed its digital muscles sending this altcoin into free fall dumping over 20% down to $57 in a matter of hours. Tezos is almost back to a dollar losing 7% of its big pump from yesterday. NEO and Ontology are also in a bad way today dropping 5 percent and the rest are not far behind.
FOMO: Maximine Coin Creeps Up
There are no crazy fomo pumps going on at the moment. The top one hundred’s top performer is MXM but it has only made 5.5% on the day, this is how weak markets are today. BCH as mentioned is also doing well but there are very few altcoins in the green at the moment.
Bitcoin SV’s epic dump makes it the day’s biggest loser. Lambda is also falling back as it sheds 14 percent and Komodo is getting hit with an 11 percent slide on the day.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has shrunk by $6 billion since the same time yesterday with many asking if CZ’s decision had anything to do with it. In all likelihood it is just another unrelated minor correction as market cap drops back to $172 billion. Volume is still over $40 billion so a resistance break by one of the top cryptos could get things moving again today.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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OKEx Denies BSV Delisting While Major Exchanges Already Delisted – Here’s Why

While major exchanges already delisted BSV from their trading platforms, OKEx is one odd out in crypto space. The exchange recently announced that they have no intention to delist BSV because the ‘present controversial currency’ doesn’t meet OKEx’s delisting criteria.
OKEx is One Odd Out
The controversy around ‘Satoshi’s identity as Craig Wright’ led major exchanges to delist BSV from their trading platforms. As such, Binance CEO warns and took initiative to delist BSV, the suit is then followed by other exchanges including Shapeshift, and Kraken is all set to walk on the same footprints. However, the case for OKEx is quite different.
Source: Twitter
The exchange released a new blog post entitling ‘Regarding Bitcoin SV Listing’ and states as follows;
OKEx has conducted a rigorous review on BSV in terms of technology development, liquidity, and compliance reads Blog. According to the OKEx Token Delisting and Hiding Guideline, BSV currently does not meet our delisting criteria. As such, OKEx has no intention to delist BSV for the time being.
Is Upcoming BSV Based Exchange the Reason?
OKEx’s BSV support amidst increasing controversy is closely connected to exchange’s earlier announcement of launching ‘BSV centric exchange’. As Coingape reported, the exchange entered into the partnership with ‘Jack C. Liu’, a crypto-entrepreneur to launch a new exchange dedicated only to BSV cryptocurrency – as such it will be called as ‘Float SV exchange.
Although OKEx doesn’t connect Float SV with its support to BSV currency in its blog– rather, it mentioned the reason behind constant support is ‘token delisting criteria’. Nevertheless, according to OKEX, BSV is doesn’t fall under their delisting guidelines. You can check with OKEX’s token delisting guidelines here
Conclusively, the exchange notes that it respect the efforts of all dedicated team that enlighten technology underlying Bitcoin. Indeed, it meant with BSV team and reads that
As a neutral platform, OKEx respects the efforts of all dedicated teams in advancing the technology of Bitcoin and has no inclination to certain technical directions.
What’s your stake on OKEx’s support to controversial cryptocurrency? Do you think the exchange is bound by its former announcement of Float SV exchange (Based on BSV cryptocurrency)? Let us know in the comment below
Featured Image source – OKEx Twitter 
The post OKEx Denies BSV Delisting While Major Exchanges Already Delisted – Here’s Why appeared first on Coingape.
Source: CoinGape

Why Binance Delisted BSV And Other Exchange Following The Same Suit?

Craig White, the man behind Bitcoin SV, has always claimed to be the founder of Bitcoin, Satoshi Nakamoto. But none in the crypto world have ever believed him and he has always faced a backlash. But this time things have got a bit serious and not just him but his project, the Bitcoin SV, is also facing the heat. While the coin has already been delisted from Binance, other exchanges to are gearing up to delist the coin.
Binance and Shapeshift delist BSV. Will Kraken be the next?
Craig Wright, the man behind Bitcoin SV, has for the last several years claimed that he is the person who invented the Bitcoin and is the person behind the pseudonym Satoshi Nakamoto, but his evidence for this claim has been widely disputed. This time too was no different as Wright attacked Twitter user hodlonaut (who started the Lightning Network “torch“) and other individuals with his claims of being the Nakamoto. He in fact when a step ahead asking his lawyers to send defamation notices to people who did not believe him to be Nakamoto
Specifically, Wright placed a bounty on hodlonaut’s identity after the latter claimed Wright is not Satoshi. Considering these attacks by Wright and his “fraudulent” claims  CZ said Binance would delist BSV if Wright continued these attacks. In a series of follow-up tweets, CZ said “Craig Wright is a fraud,” that “the real Satoshi can digitally sign any message to prove it,” and that doing so would be simple.

Lastly, anyone who supports BSV from a tech perspective should be attacking the fraudulent Craig Wright, who is poisoning YOUR community, and not attack the rest of the world.
Anyone thinking CW is Satoshi should read about how a private key works, ie, learn about crypto.
— CZ Binance (@cz_binance) April 15, 2019

Following his own words and sentiments, Binance decided to delist BSV as CZ felt it was necessary to teach Wright a lesson. Although the official announcement listed the various reason for this delisting which includes Commitment of team to project, Level and quality of development activity and Network / smart contract stability, a lot of was connected towards Wright’ claim to be Satoshi.
While none agreed with Craig Wright, a lot of people and exchanges started supporting CZ for his bold move of delisting. Erik Voorhes, the CEO of ShapeShift, mentioned that he withstood with Binance and CZ sentiment and would be delisting it as well.

We stand with @binance and CZ's sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs.
— Erik Voorhees (@ErikVoorhees) April 15, 2019

Another prominent exchange, Kraken, ran a poll on twitter which also gave a result the BSV was toxic and Kraken too should delist it. The official announcement from Kraken is yet to arrive but the poll dominance would definitely get BSV of Kraken as well.

Should Kraken delist Bitcoin SV (BSV)? #delistbsv
— Kraken Exchange (@krakenfx) April 15, 2019

Craig Wright claims of being Satoshi this time has definitely backfired and is going to hurt Bitcoin SV big this time. The coin is already slipping in price and with exchanges delisting BSV the investors would definitely be dumping in panic.
Which is the next exchange that will delist Bitcoin SV? Do let us know your view on the same.
The post Why Binance Delisted BSV And Other Exchange Following The Same Suit? appeared first on Coingape.
Source: CoinGape

The Cost of Carrying Out 51% Attack on Bitcoin SV [BSV] Keeps On Decreasing

Bitcoin Satoshi Vision (BSV) is apparently losing ground to become the ‘one true Bitcoin’ as its network capacity, and its support is decreasing in number.
Hash rate and Cost of Carrying Out 51% Attack
The total hash rate of the network also speaks volume about the cryptocurrency. The cryptocurrencies with a higher number of miners and daily transactions are more likely to be secure and priced higher as well.
BSV Hash Rate All-time (bitinfocharts)
It is evident from the two graphs that the total Hashrate for BSV has decreased since its inception. Moreover, it dropped below 20% since the #WeAreAllHodlonaut Movement gained traction. Furthermore, the hash rate of its immediate competitor has increased more than two-fold in the same period.
Bitcoin Cash (BCH) hash rate (bitinfocharts)
At press time, the cost of carrying out a 51% attack on Bitcoin SV is just around $6500. The same for Bitcoin Cash (BCH) is currently about four times that of BSV around $25000.
ETC which was under 51% attack many times in recent times has a similar cost of carrying out a 51% attack as Bitcoin SV (BSV) at $6300.
The price of Bitcoin SV at 6: 30 Hours UTC on 15th April is trading at $72.52. It is trading 4.16% higher on a daily scale. However, while coins like LTC and BCH have increased by over 50% after Bitcoin’s break-out on 2nd April, BSV has increased by only about 12% higher since its value in March 2019. Most it can be attributed to its limited utility and its’ lousy branding in the crypto community due to ‘faketoshi’ claims.
BSV/USD Price chart on coinmarketcap
Do you think Bitcoin SV will eventually lose its popularity or BSV proponents will be able to redeem its value? Please share your views with us. 
The post The Cost of Carrying Out 51% Attack on Bitcoin SV [BSV] Keeps On Decreasing appeared first on Coingape.
Source: CoinGape

Bitcoin SV [BSV] miners have accumulated a gross loss of about $2.2 million, says BitMEX research

The disagreement between Roger Ver aka Bitcoin Jesus and Craig Wright led to the contentious hard fork of Bitcoin Cash, which further split into Bitcoin Cash ABC and Bitcoin SV. According to BitMEX research, Bitcoin SV miners have suffered a massive loss of $2.2 million due to its price.
BitMEX tweeted on April 13, 2019,
“Based on our estimates and current coin prices, since the November 2018 split, Bitcoin Cash SV miners have accumulated gross losses of US$2.2m (a negative gross profit margin of 12%). This is accounting for mining electricity costs only”
Source: Twitter
A total of 265,388 Bitcoin Cash ABC coins have been mined since the hard fork on November 14, 2018. According to BitMEX research, the minimal estimated cost for mining the coins of Bitcoin Cash ABC [now known as Bitcoin Cash] was $31.9 million. The total mining revenue earned by BCH miners was $74.3 million.
For Bitcoin Cash SV [now known as Bitcoin SV], a total of 263,550 coins have been mined and the minimal mining cost was $20.7 million. However, total revenue earned from mining was a mere $18.4 million, which put the miners at an approximate loss of $2.2 million.
This is not the first time Bitcoin SV has incurred massive losses. BitMEX research reported similar findings after the hard fork on November 19, 2018.

Hash war estimated costs live update
Combined totals:* Estimated leasing fees: $8.1m* Combined gross losses: $6.1m
Even assuming cheap energy costs, SV miners have a negative gross margin of 353% & $1.4m of gross losses. @CalvinAyre @ProfFaustus cant keep this up forever. pic.twitter.com/CdTQm0vVf4
— BitMEX Research (@BitMEXResearch) November 19, 2018

Since the fork, Bitcoin Cash has been performing well, when compared to Bitcoin SV. Craig Wright’s move of filing lawsuits against Twitter critics has garnered a lot of negative attention from the cryptoverse, with many coming out in support for those at the end of these lawsuits.
This even caught the attention of Binance’s CEO, CZ, who tweeted,
“Craig Wright is not Satoshi.
Anymore of this sh!t, we delist!”
Such a move would be detrimental to the Bitcoin SV camp, and would further pull down the prices of the struggling cryptocurrency.
The post Bitcoin SV [BSV] miners have accumulated a gross loss of about $2.2 million, says BitMEX research appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] community lashes out at Poloniex over BCHABC ticker symbol

Poloniex, a United States-based cryptocurrency platform, announced margin trading and lending support for Bitcoin Cash [BCH] and Bitcoin Satoshi Vision [BSV], on its Twitter handle on 11th April 2019.
The coins are paired with Bitcoin [BTC], the largest cryptocurrency by market cap, for margin trading. This trading service would be available only for the platform’s non-US customers, with a 2.5x leverage. With this new addition, the total tokens supported for margin trading on the platform amount to fourteen, including top coins such as Ehereum [ETH], Litecoin [LTC], and XRP.
The exchange said in a blog post,
“Like the other assets available for margin, BCHABC and BCHSV are also now available for lending. That means customers holding BCHABC and BCHSV can lend it to other customers and earn interest (set by the market)”
Source: Twitter
In simple words, margin trading refers to trading with leverage/borrowed money on an exchange platform. A trader can choose to open either a long position or short position with the leverage provided by the exchange. With this trading service, the exchange makes a profit by charging interest on the borrowed coins once the position is closed.
This news was, however, criticized by several members from the Bitcoin Cash community, on social media platforms such as Twitter and Reddit. The problem was with regard to the ticker symbol of Bitcoin Cash as the coin on the exchange was listed as Bitcoin Cash ABC [BCHABC]. This, in turn, resulted in the community asking the exchange to change the coin’s ticker symbol to Bitcoin Cash [BCH].
Elidan123, a Redditor, said,
“How can anyone take crypto seriously when you got exchanges ran by kids, changing names and making up logos?”

Nevertheless, this was also followed by the Bitcoin community questioning their rage. Dontcarenope, another Redditor, said,
“What do you mean? People’s in this sub [r/btc] try daily to change a certain coins name, to fit some stupid made up backronym and/or an arbitrary ticker of all things.”
e3ee3, a Reddit user, said,
“Why do you kids use “Bitcoin” Cash and “Bitcoin” SV when they are not Bitcoin? Why do you have a similar official logo with the exact same symbol? Why do you use r/btc and bitcoin.com to promote “Bitcoin” Cash? They are adults making it simple for everyone else.”
The post Bitcoin Cash [BCH] community lashes out at Poloniex over BCHABC ticker symbol appeared first on AMBCrypto.
Source: AMB Crypto

‘Faketoshi’ Craig Wright Refuses to Disclose Key Information during Deposition

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‘Faketoshi’ Craig Wright Refuses to Disclose Key Information during Deposition
Even though Craig Wright recently quit Twitter, popular ‘Faketoshi” is in the news again for a lawsuit worth billions of dollars, that was filed against him in 2018.
‘Faketoshi’ Craig Wright Refuses to Disclose Key Information during Deposition

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Source: CoinSpeaker

Ethereum’s [ETH] Vitalik Buterin and others express disappointment over presence of ‘BSV shills’ at Deconomy 2019

The recently concluded Deconomy Forum included a lot of proponents from the cryptocurrency space who talked about the developments and updates in the industry as well as the future of digital assets. The roster included luminaries and critics of the space, ranging from Ethereum’s Vitalik Buterin to Nouriel ‘Dr.Doom’ Roubini.
Vitalik Buterin, who has been an avid supporter of the Bitcoin ABC camp since the Bitcoin Cash hard fork, confirmed his allegiance yet again when he spoke against the Forum including “BSV shills” in its panel. Buterin tweeted:
“Kinda disappointed @Deconomy_forum  is again giving airtime to BSV shills, this time a panel of them.At least there’s some hilarious quotes… my favorite was that Segwit is bad because separating signatures from transactions “has legal ramifications”
The part of “Segwit is bad” is something that was built on a shaky foundation because recent reports had shown that SegWit-spending payments had reached an all-time high, nearing almost 50 percent. Segwit spending basically refers to:
“A transaction that spends one or more SegWit outputs is considered a SegWit-transaction. The organization then aggregates the payments from SegWit-transactions per day and compare them to the number of total payments per day resulting in the percentage of SegWit-spending payments.”
The Ethereum co-founder was not the only one who expressed his disappointment over BSV supporters speaking at the conference as he was also joined by personalities like Andreas Antonopoulos and Luke Dashjr.
Antonopoulos, the author of Mastering Bitcoin, commented:
“Yeah, disappointing. There’s a general click-bait attitude in the selection of topics and sessions. I guess this kind of drama sells tickets, but it imposes a cost for the entire industry.”
Luke Dashjr said,
“Ironically, they’re not even separated (except by some definition of “separated” which is inherently ALWAYS true, because you can’t sign the signature).”
Not everyone agreed with Buterin though and was crticized by Peter McCormack. McCormack called out Buterin and asked,
“Why do people from Ethereum have more right than people from BSV to be at the conference?”
 
The post Ethereum’s [ETH] Vitalik Buterin and others express disappointment over presence of ‘BSV shills’ at Deconomy 2019 appeared first on AMBCrypto.
Source: AMB Crypto