Crypto Influencers Call on Exchanges to Delist Bitcoin Satoshi’s Vision (BSV)

Various cryptocurrency social media influencers have recently started calling on crypto exchanges to delist Bitcoin Satoshi’s Vision (BSV), in a move made after several BSV supporters took legal action against users they claim to be waging a “targeted campaign.”

The calls for a boycott on the cryptocurrency, which was created on November of last year through a Bitcoin Cash (BCH) blockchain hard fork, started after self-proclaimed Satoshi Nakamoto Craig Wright put a $5,000 bounty on the true identity of Twitter user hodlnaut.

While the cryptocurrency community initially responded by switching their profile pictures to that of hodlnaut and matching the username, things took a turn as soon as Binance CEO Changpeng Zhao claimed that if Craig Wright didn’t change his conduct he would delist BSV.

Peter McCormack, the person behind the What Bitcoin Did podcast, called Wright and Calvin Ayre, the owner of CoinGeek and a staunch BSV supporter, frauds. Ayre’s response was a lawsuit as part of what he’s been calling on social media as “troll hunting.”

In response to the situation various cryptocurrency influencers showed their dissatisfaction. Morgan Creek Digital’s Anthony Pompliano called on crypto exchanges to delist BSV on May 1 in a “sign of solidarity.”

Popular bitcoin activist Charlie Shrem added he’s “surprised BSV is even listed anywhere.” In his tweet, he added that “it’s an obvious scam controlled by an obvious scammer. It goes against the reason we are here in the first place. Delist BSV from all exchanges and let it die.”

BSV Price Unaffected

Bitcoin Satoshi’s Vision seems to be holding on to the $70 mark, despite the threat of being delisted from several cryptocurrency exchanges, including Binance. Available data shows BSV’s trading volume is mostly focused on BTC and USDT trading pairs.

In either case, BSV’s trading volume appears to be almost evenly spread across several cryptocurrency exchanges, with HitBTC, Bitfinex, and BitZ leading on BSV/BTC pairs, and HuobiPro, CoinBene, and HitBTC standing out on BSV/USDT pairs, according to CryptoCompare data.

BSV's price performance in the last 30 days

CryptoCompare data shows the cryptocurrency has seen its price grow from about $65 to over $95 in the last 30 days, although most of its gains have been lost. Recently, research has shown miners on the BSV blockchain have accumulated gross losses of $2.2 million since the cryptocurrency was created.

Crypto Rating Council Evaluates Three New Cryptocurrencies as Securities

  • The Crypto Rating Council has released securities ratings for IOTA, Basic Attention Token and USDCoin.
  • The CRC, backed by Coinbase, Kraken and other US crypto firms, supports regulation clarity for the industry.

The Crypto Rating Council (CRC) has evaluated IOTA, Brave's Basic Attention Token (BAT) and the USDC stablecoin over whether they should be classified as securities. 

The CRC, backed by Coinbase, Kraken and other exchanges, is a collection of major United States-based crypto firms established in September 2019. The group advocates for and promotes regulation clarity in the industry of cryptocurrency, including analyzing whether or not certain assets should be classified as securities. 

According to an April 2 post, the CRC released rating scores for IOTA, USDC and BAT, in addition to updating its rating for Maker and Polymath. The scale ranks from 1 to 5 with a lower score correlated to few or no characteristics consistent with treatment as a traditional security. 

BAT was given a rating of 2.00, with the council highlighting the coin’s utility as fully open-sourced and supporting the development and use of the Brave Browser. IOTA also scored 2.00, indicating that the currency is unlikely to be viewed as a security.

USDCoin, a stablecoin backed by Coinbase and Circle, was rated 1.00 by the council, consistent with other stable price-pegged coins such as DAI.  

While the CRC’s determinations have no official impact on the opinions of regulators such as the Securities & Exchange Commission (SEC), they do provide some insight to investors on the state of crypto-assets. 

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