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Binance CEO, Changpeng Zhao issued a threat on Friday that the cryptocurrency exchange might delist Bitcoin SV. This follows an ongoing row where Dr. Craig Wright, a strong backer of Bitcoin SV, claims to be Satoshi Nakamoto. Interestingly, Wright has gone as far as threatening to sue those in the crypto community that oppose his claim.

The genesis of the row traces back to the events in late 2018 when the Bitcoin Cash network underwent a hard fork. Initially, Dr. Wright had his support behind BCH but continued skepticism made the Australian-born crypto developer to switch allegiance to the newly minted BSV. As per Wright, BSV has the characteristics that are in line with what Satoshi Nakamoto intended.

Satoshi Nakamoto is still anonymous

For starters, Satoshi Nakamoto is the mysterious figure who used the blockchain technology to invent Bitcoin. Notably, the character came up with the initial white paper that lay out the foundation of a digital currency that gave rise to a whole new digital ecosystem. However, the character is still anonymous ten years since bitcoin first came into existence.

For a long time, Dr. Wright has branded himself as the mysterious figure and requires people to recognize him as such. Therefore, when an anonymous twitter user going by the handle @Hodlonaut called Wright out as a fraud, there seems to be growing animosity against the developer. Interestingly, the man, who the crypto-community christened as Faketoshi, is threatening to sue Hodlonaut once his identity becomes clear.

BSV lags the market in the recent price surge

However, the crypto-community rallied behind the anonymous character although the handle later disappeared from Twitter. On Friday, Changpeng Zhao or CZ jumped into the fray and called out Wright as a fraud. The Binance CEO went ahead and dared Wright to digitally sign any message with the original private key from the coins Nakamoto mined at the beginning of the bitcoin journey.

Other developers agreed with CZ and insisted that Wright’s claim to be Satoshi endangers the whole industry. Further, the resentment against Wright is evident in the fact that BSV lags other cryptos in the recent cross market price surge. To be sure, the price of bitcoin rallied 25% since April 1 while other smaller altcoins gained 200% during that time. On the contrary, BSV gained only 9% and could even lose some value if Binance makes good its threat.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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