Bitcoin SV gets delisted, will Bitcoin Cash be next?

16 Apr, 2019 | Updated: 18 Apr, 2019
by Will Heasman
Opinion
Bitcoin SV gets delisted, will Bitcoin Cash be next?

Following the decision from Changpeng Zhao, CEO of Binance, to delist Bitcoin SV, some members of the community on Crypto Twitter are now calling for another delisting. The delisting of Bitcoin Cash…

Binance’s decision to delist Bitcoin SV (BSV) didn’t come as much of a surprise to anyone yesterday, as the situation surrounding Craig Wright (also known as  “Faketoshi” by some within the crypto community) developed.

After the Binance delisting of BSV, Shapeshift followed suit and the Kraken exchange is currently also mulling the removal of the highly divisive cryptocurrency.

However, with a few major players dismissing the BSV token, attention has turned to its forked kin: Bitcoin Cash (BCH).

Will BCH be next on the chopping block?

BSV was allegedly delisted due to CZ stating that it’s founder, Craig Wright, was “a fraud.”

One user, known as 'grubles', believes that this too could apply to BCH, stating in a tweet that the BCH team have 'frequently' used Bitcoin core as a way to propagate their own cryptocurrency. The user cites bitcoin.com, the BTC subreddit, and the Bitcoin Twitter account, all of which belong to BCH proponents:

A few others appeared to agree, with one listing reasons why Roger Ver – known supporter of BCH and owner of Bitcoin.com - may (in this users opinion) slip in to the “fraud and scammers” category:

Interestingly, another user noted that SBI Virtual Currency, a licensed Japanese exchange had today delisted BCH, adding that some rumors suspect that it may be linked to BCH’s relationship with BSV.

Bitcoin Cash has had a murky past when it comes to allegations of misleading customers. Back in April 2018, a group littered with notable names such as Charlie Shrem, Alistair Milne and Pierre Rochard, aimed to bring a lawsuit against Ver and Bitcoin.com.

The group claimed that the Bitcoin.com wallet misled Bitcoin holders into thinking it was a client for BTC rather than BCH. When sending funds to the wallet may users lost their BTC because it was, in fact, a BCH client. 

The lawsuit subsequently fell apart due to a donation shortfall. 

BSV’s delisting has no end of good for the price of BCH, which managed to gain around 10% in the moments after the BSV delisting; with many claiming that BSV investors were jumping ship into BCH.

Chart provided by Tradingview

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