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Bitcoin SV emerged after Bitcoin hard forked in 2018, impacting the price of Bitcoin massively that year.

A sudden spike was noted in the price of Bitcoin SV, the twelfth largest cryptocurrency in the world.

Binance relisting rumors

As per the news doing rounds in the Chinese crypto community, the price surged after the rumor broke in the Chinese community that the Binance exchange is considering relisting of Bitcoin SV on December 8th. The rumored relisting of BSV trading on Binance kicked the price of the crypto token.

A crypto insider, Colin Wu, tweeted about the same, citing that Binance did not affirm the news, which indicates that the exchange has no plans to relist BSV after it delisted it.

Binance stopped the BSV trading back in April 2020, after the stress mounted between Binance CEO and BSV founder. The Bitcoin SV came into existence after Bitcoin Cash hard fork leading to a substantial drop in the Bitcoin price.

BSV price rose by 7.82 percent to $182,23, as shown in the tweet shared by Colin Wu

Binance denied claims

The most prominent cryptocurrency exchange Binance, delisted BSV after the exchange alleged that the BSV CEO is unethical and made unsubstantiated claims. The founder Craig Wright, an Australian IT professional, claimed to be ‘Satoshi Nakamoto,’ the anonymous founder of the world’s most powerful cryptocurrency, Bitcoin. Binance regularly delists any token or cryptocurrency from its exchange as a reminder to the community that it monitors the standard of assets listed on its platform.

Craig Wright made superfluous claims of being the anonymous Bitcoin founder and threatened to sue those who contradicted his claims. Binance said that the Bitcoin SV did not meet Binance standards as the ” Evidence of unethical/fraudulent conduct.” pertaining to its founders conduct. 

 Bitcoin SV supporters and the founder Craig Wright have regularly shunned Bitcoin on Twitter and other social media channels. exclaiming that Bitcoin SV is the real bitcoin. He has also called out Binance for its censorship.

Colin Wu confirmed that the rumors are false through a tweet saying that Binance has rejected relisting BSV on its exchange. In the tweet, he wrote that Binance told Wu that today’s screenshots about opening BSV transactions are false rumors.

Disclaimer

The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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