BTC-Forked Coin Bitcoin SV (BSV) Sees Trading Pairs Wallet at Blockchain.com Get Disabled


Peter Smith, CEO and co-founder of Blockchain through his social network Twitter reported that the cryptographic portfolio platform under his direction has deactivated the option of Bitcoin Satoshi Vision, better known as Bitcoin SV or BSV.

The reactions in the network did not wait and many took the information as something positive, while others indicated that the decision did not correspond to the functional reality, given that few used the wallet, as reported by the user Brendan Lee in a replica to Peter Smith's Twitter.

On the other hand, the decision was objected in spite of not having BSV with the support within the audience of Blockchain Wallet, due to the criticism that the company did not offer a wallet with custody.

However Peter Smith in an attempt to explain the reasons, replied to the tweets saying that by disabling the commercial pairs, they were not offering as a company liquidity to operate BSV and other crypts.

However, he hinted that it was possible to recover these funds provided that the user has managed to take their respective security backups with their mnemonic phrases

The scenario became a bit warmer for Smith when user @TheBitcoinBee indicated that there were no guarantees if Blockchain Wallet decided to do the same with BTC someday, to which Peter responded as ‘unlikely'.

In the Reddit social network, however, the audience was more welcoming with the company's decision and they called it an achievement for the competition, BCH.

Peter Smith: "We've just disabled trading pairs of #BSV in the @blockchain wallet." from btc

On April 15, in an unprecedented event, Binance eliminated BSV from its offer of cryptocurrency pairs. The decision followed the days of concern when Craig Wright seemed to cause a lot of unrest in the crypto world, for its threats to popular Twitter users in the crypto environment such as Hodlonaut, which was the precursor to the now popular Lightning Antorch of Bitcoin

In addition Craig had already caused discomfort by claiming that he was the real Satoshi Nakamoto and that he had proof of them, sending alleged letters signed by him. This series of events caused discomfort in Changpeng Zhao, the CEO of Binance and carried out the de-listing of BSV on his platform, of which Craig Wright is the ultimate proponent.

In support of Binance, a series of exchanges, hot and cold custody services companies like Blockchain, made the decision to support the cause of ‘CZ', which originated a domino effect now known as the ‘Binance Effect‘, which caused BSV to fall in its prices and popularity among cryptocurrency enthusiasts.

Blockchain Wallet has been downloaded more than 38 million times and has processed according to the company's website, about 200 billion dollars in transactions with low commissions. It is available in 25 languages ​​with a web version and applications for Android and iOS smartphones, which is compatible with 22 currencies of the crypto ecosystem.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide