The Return Of Bitcoin Cash, Binance And Shapeshift Delist Bitcoin SV, Tether Pumps Out More Tokens From Treasury — The Crypto2Cash Chronicle
The most important and interesting crypto news, coming to you straight from the Crypto2Cash Office.
The Return Of Bitcoin Cash
The cryptocurrency market is a sea of red again today, with all top 20 currencies being down on the day, except from Bitcoin Cash (ABC). The coin continued it’s rally and is up 6.63% on the day, currently trading at $320. It also reclaimed the fourth position in total market capitalization. Bitcoin saw slight losses again, but managed to stay above the resistance level at $5,000 currently trading at $5,070.
Binance And Shapeshift Delist Bitcoin SV
Following the controversy surrounding Craig Wright and his cryptocurrency Bitcoin SV, Binance and anonymous exchange Shapeshift have decided to delist the currency from their platforms. This was in response to the toxic behaviour Wright showed, starting a “witch-hunt”against Twitter user Hodlonaut, leading to personal information being leaked and even suing the person behind the account for calling him a “fraud”. Binance CEO Changpeng Zhao posted a warning yesterday, threatening to delist and today this warning became reality, with Shapeshift quickly following. Kraken is also considering the same move, but the U.S. exchange decided to ask it’s users base first. The result of their Twitter poll was fairly clear.
The price of Bitcoin SV quickly reacted to these announcements and plunged by over 20 percent, slipping to the 14th place in total market capitalization.
Tether Pumps Out More Tokens From Treasury
Tether increased it’s circulating supply by 418 million tokens in the last days. All of these tokens were held in their treasury and now the storage wallet only has 193 million tokens left. The increase in supply was a reaction to the increasing trading activity, with each token moving through the ecosystem 11 times a day during peaks. Tether remains very important for the Bitcoin ecosystem, with nearly 80 percent of trades being against the Stablecoin.
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