Did Binance just re-register BSV?
Crypto-Crime Exchange Binance’s highly public delisting from BSV may have been more performative than constative, at least if an affiliate’s site is any indication.
Last weekend, Veribit CEO Roy Murphy tweeted about a curious phenomenon he observed on Coincodex, a crypto data site that tracks cryptocurrency exchanges on hundreds of exchanges. Among the site’s best tokens by market cap is BSV, which when hovering over the “buy” button displays the helpful “Available on Binance” pop-up.
According to https://t.co/OmupXKVyZA, BSV is available for purchase on Binance! https://t.co/Y6DcwnuD0s pic.twitter.com/ojmWpzH3zn
– Roy Murphy @ 118 (@murphsicles) October 2, 2021
However, a check from Binance.com shows no BSV among the tokens available for trading. So either the coders at Coincodex have blundered, or the average Binance client doesn’t have the secret handshake required to access the hidden wonders of BSV-based trading at the world’s largest crypto bazaar.
Binance announced its decision to de-list BSV in April 2019, after Binance owner Changpeng ‘CZ’ Zhao tweeted his annoyance with Craig Stephen Wright over his daring to use the courts to protect his. Bitcoin inheritance legal claim. But CZ has repeatedly demonstrated that (a) his public statements don’t necessarily reflect his private actions, and (b) he’s not averse to flip-flopping when his ass is on the line.
Early examples include Binance.com’s public assurance that US citizens were no longer welcome to the exchange, a claim that was revealed to be beyond the trough this summer. In 2020, Binance was found to have lied about a similar ban on customers from mainland China.
Examples of CZ’s ability to make a 180-degree defensive turn include Binance’s recent unveiling of a plan to establish a number of regional headquarters, which followed years in which CZ said Binance was indeed a ghost and whatever safe house he was in at the moment was corporate HQ.
This about-face was prompted by CZ’s growing awareness that its flippant rejection of traditional business models and its fingering of regulatory obligations was not doing it any favors with authorities who had never approved Binance operating inside. their borders. As more and more of these regulators warn Binance this summer, CZ could well imagine a future in which customs clearance becomes a major sweat following the sudden appearance of an Interpol red notice.
So, coming back to the delisting of BSV from Binance “have they or not”… One can’t help but notice that the clock is ticking quickly until the Florida court showdown between Ira Kleiman and Dr. Craig Wright. While this lawsuit does not explicitly hinge on Wright’s identity as the author of the Bitcoin Whitepaper Satoshi Nakamoto, a Kleiman victory would almost certify Wright’s claim on Satoshi’s stash of 1.1 million BTC, of which half could then be ordered transferred to the control of Kleiman.
Kleiman’s dump of hundreds of thousands of BTC tokens on the market could make BTC-dependent crypto-city elements look like an anthill that a teenage bully has just knocked over for sports. Further evidence of Wright’s claim to the Satoshi mantle could also spark increased interest in BSV from mainstream and institutional investors.
So CZ could just proactively prepare BSV contingency plans to protect Binance’s bottom line. After all, he has been spouting false homage to what is called “proactive compliance” for some time now. Only this time, his precautions might not be fair for the show.
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