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Binance Becomes The Leading Bitcoin SV Miner: Report

Stefan by Stefan
18/06/2020
in Binance News, Bitcoin SV News
Reading Time: 2 mins read
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Binance Warned It Will Delist, luna, terra, ust, exchange
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Binance becomes the leading Bitcoin SV miner according to the recent reports, right after the biggest exchange ventured into the mining industry and launched its Binance Pool. The exchange however delisted BSV back in 2019 after the huge controversies surrounding the popular BSV proponent- Craig Wright. In today’s Binance news, we find out more.

Binance launched the Binance Pool and officially entered into the world of cryptocurrency mining. As per the recent reports, Binance becomes the biggest Bitcoin SV miner which is a coin that is largely supported by the self-proclaimed Satoshi Nakamoto or Craig Wright. As seen in the charts, Binance leads the way with about 26% followed by the aggregate of unknown pools such as SV Pool, ViaBTC, Huobi, and more. Just a few years ago the exchange published its first whitepaper draft that included BNB and since that time, it has managed to become one of the leading cryptocurrency companies in the field.

miners distribution
Overview of Bitcoin SV Miners Distribution. (Source Coin.Dance)

Last year Binance delisted Bitcoin SV and according to their statement, once an exchange delists a cryptocurrency, it takes a few factors into consideration, such as the evidence of unethical conduct of fraud, and also a contribution to a healthy and sustainable crypto ecosystem. The decision was to take right after the actions of Craig Wright who is the self-proclaimed Satoshi Nakamoto and the creator of Bitcoin. Back then, Changpeng Zhao, the Binance CEO said that if the feud between Wright and the entire crypto community continues, he will delist the altcoin.

Craig Wright
Craig Wright

This happened soon after Wright threatened to sue everyone who says that he is not Satoshi. Wright is involved in an ongoing legal battle with the Kleiman estate as he didn’t produce any real evidence that he is who he says he is. He did manage however to compromise himself on multiple occasions. Wright even testified in court that he used an iPhone in 2006 when the first one wasn’t released until June 2007.

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As recently reported, The Blockchain game Kronoverse will move to Bitcoin SV as the creators of the game said they couldn’t wait for ETH 2.0. According to a recent official blog post, the creators said that they can no longer wait for the ETH 2.0 launch to solve the pressing scaling problems. The Kronoverse team aims to bring a game that will be interconnected metaverse of multiple disparate blockchain games.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: biggest bitcoin sv minerbiggest sv minerbinancebinance becomesbinance exchangebinance minerBitcoin Satoshi Visionbitcoin svCraig WrightminerReportsatoshi vision
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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