You Won’t Believe What These Bitcoin SV Holders Are Doing Now

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Ah, the eternal saga of Bitcoin SV versus Binance. It’s like watching a soap opera, but with more numbers and far fewer romantic subplots. The long-running grudge match has entered yet another chapter, as some very determined Bitcoin SV (BSV) investors—who are clearly not ready to let go of their favorite digital asset—are back in court, trying to convince everyone that Binance’s decision to boot BSV off its platform was the economic equivalent of setting a fire to their beloved crypto hamster.

These investors, possibly wearing their best “I’m right, you’re wrong” faces, are still claiming that Binance’s actions caused BSV to tumble faster than a greased weasel on a Slip ’n Slide. They’re not taking no for an answer, even if the UK Competition Appeal Tribunal already gave their previous complaint the legal equivalent of a “not today, pal” back in July 2024.

The Billion-Pound Battlefield

And now, they’ve gone and revived their case, which—let’s be honest—has the potential to result in one of the largest legal claims in crypto history. We’re talking a cool £10 billion (or $13 billion, if you’re in the mood to count) for the alleged ‘market manipulation’ and ‘anti-competitive behavior’ that, in their opinion, Binance orchestrated like a poorly executed magic trick.

In an interesting twist, the case seems to have coincided with a rather unexpected price surge for Bitcoin SV. A stunning 15% spike, like a brief glimpse of hope in a sea of despair, before it settled back down to the not-so-thrilling $42 range. I mean, who doesn’t love a good temporary rally, right? But let’s not forget, BSV’s current value is still a far cry from its glory days.

The plot thickens when you realize that this all began with Binance’s decision in April 2019 to delist BSV. This happened right in the middle of the whole “Is Craig Wright really Satoshi Nakamoto?” debate—a topic so fascinating it could’ve been written by Agatha Christie, but with more conspiracy theories and fewer murder mysteries. As other exchanges followed suit, it was like a crypto version of “everyone else is doing it” schoolyard peer pressure.

And now, the legal drama might set some precedent, as industry experts wonder if exchanges have the right to control which cryptocurrencies are allowed to play in the digital sandbox. Could this be the beginning of a new era where delisting a coin could be seen as anti-competitive? Only time, and an absurdly long legal process, will tell.

As for Bitcoin SV itself? Well, let’s just say it’s not been smooth sailing since it split off in a messy hard fork. With technical and security issues more frequent than a cat meme on the internet, it’s no wonder some believe its delisting was justified. But Binance, ever the diplomat, insists that its decision-making process is based on “technical merit” and “community standards,” rather than any personal vendetta against BSV—or any other cryptos, for that matter. Which, of course, sounds totally reasonable… unless you’ve spent too much time reading conspiracy blogs.

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2025-05-12 03:17