Bitcoin SV Founder Accuses Binance Of Cherry-Picking BSV

The president of the Bitcoin Association and Bitcoin SV founder, Jimmy Nguyen has called out Binance and accused the exchange of cherry-picking its relationships with the crypto project after news emerged that the exchange’s new mining pool ws now the single biggest verifier of the BSV protocol.

A statement to one cryptonews outlet shows that Nguyen said that it was little “too ironic” that Binance – which delisted BSV from its main exchange in April 2019 – has been critical of the cryptocurrency and still considered BSV economically worthwhile to mine.

“These actions speak far louder than the words: Binance spoke in April 2019 when it delisted BSV by saying the coin did not meet its supposed “standards.” The truth is BSV does meet Binance’s standards — for generating revenue from BSV when it chooses,” the Bitcoin SV founder Jimmy Nguyen said.

Earlier this week, the Binance news showed that Binance Pool (which launched at the end of April) had become BSV’s biggest miner. On a seven-day moving average, this pool made up just under 20% of the network’s total hash rate at press time.

A year ago, Binance along with several exchanges delisted BSV, in protest over the behaviour of Craig Wright who was one of the leading advocates at BSV. He claimed that he is Satoshi Nakamoto, the infamous creator of Bitcoin.

https://twitter.com/cz_binance/status/1117606851351179264

Then, the founder of Binance Changpeng Zhao decided to kick out Wright out of the ecosystem. He said:

 “Anyone who supports BSV from a tech perspective should be attacking the fraudulent Craig Wright, who is poisoning YOUR community, and not attack the rest of the world.”

Earlier this week, CoinGeek (a crypto news site) suggested that Binance had become BSV’s biggest miner so it could try and exert control over its price and to protect its own Binance Coin. This is how the battle emerged – and now, we are still waiting for updates and more Twitter threads.

Meanwhile, the price of Bitcoin SV (BSV) remains unaffected by all of this. BSV is currently trading at $174 with a minimal increase on the day but a stable run over the past few days, inspired by Bitcoin and its recent stabilization near the $9,370 levels.