TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Binance delists Bitcoin SV. ShapeShift withdraws support for Bitcoin SV, and Kraken polls its Twitter followers on the issue. Canadian company Vanbex probed on FUEL token ICO. West Virginia considers using blockchain voting tech for the next presidential election. Xapo CEO makes the case for bitcoin investment portfolios, and decentralized exchanges plagued with trading bot manipulation.
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Binance Announces Bitcoin SV Delisting
Binance announced they will be delisting Bitcoin SV by April 22. In a blog post on their support section, they state, “We periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for Bitcoin SV.”
ShapeShift Withdraws Support for Bitcoin SV, Kraken Runs a Poll
Should Kraken delist Bitcoin SV (BSV)? #delistbsv
— Kraken Exchange (@krakenfx) April 15, 2019
Following the action Binance took on delisting Bitcoin SV, Erik Voorhees, founder and CEO of ShapeShift also announced they will be withdrawing support for operations with this coin during the next 48 hours. In addition, the official account of Kraken on Twitter posted a poll, asking followers if they should delist Bitcoin SV. So far, more than 70% answered positively.
Canadian ICO Company Vanbex Assets Seized, Luxury Cars Confiscated
A new ICO fraud case investigation is developing in Canada, where local police seized assets of a company called Vanbex, the organization behind the FUEL token, who raised $22 million dollars. The police confiscated two Land Rover vehicles and also froze two accounts with almost 1 million dollars in funds. The company denies its involvement in any wrongdoing and told stakeholders “thank you for your loyalty and trust. It is not misplaced.”
West Virginia Considers Using Blockchain Voting for Presidential Elections
West Virginia, the state that tested blockchain voting for military personnel abroad, is reportedly considering using Voatz mobile blockchain tech in the next presidential election. Donald Kersey, elections director and deputy legal counsel in the West Virginia Secretary of State’s Office, declared that “some of the folks overseas… are there because a president declared war. They should have a say in who their president is,” justifying the use of DLT in the upcoming US election.
Xapo’s CEO Justifies Bitcoin Presence in Most Portfolios
A new article by Wences Casares, founder and CEO of Xapo, an Argentinian exchange, makes the case for 1% investment of Bitcoin in any investment portfolio. Wences states the chance of Bitcoin succeeding after all the industry being established is about 50%. If Bitcoin does succeed, Wences believes it could reach over 1 million dollar prices in 7 to 10 years, almost 200 times its price today.
Decentralized Exchanges Plagued with Trading Bots, Cornell Tech Study Finds
Decentralized exchanges are plagued by specialized trading bots that have an advantage over normal users, having priority ordering due to paying higher fees, according to a study by Cornell Tech. The firms behind these bots then profit heavily from the automatic orders. Ari Juels, a professor at Cornell Tech, declared that if they extrapolate the results of this study to centralized exchanges, manipulations could be in the order of billions of dollars.
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