Today we have a Daily Token Review and two really awesome cryptocurrency news segments to share with you. Remember the #DelistBitcoinCashSV Issue I mentioned yesterday? Well today, the campaign is fast gaining momentum.
As seen on CoinMarketCap, we’ve got a pretty positive and healthy market, with a majority of greens across the board, with some coins experiencing nice gains overall. The world’s flagship cryptocurrency, bitcoin (BTC) has increased by 3.55 percent. Ether (ETH) still maintains its “second in command” status, with great gains of 3.719 percent. Ripple’s XRP maintains the number three position, and it’s currently gaining by 1.57 percent. Other considerable movements in the market include Bitcoin Cash and Stellar which have increased by 2.94 percent and 2.97 percent respectively.
Now, if I scroll down to the top 20, we’re also looking at a pretty lush and green market. Monero has increased nicely by 7.44 percent while Tezos is also increasing by 8.51 percent!
Now onto the news! According to a report by Invest In Blockchain, Rakuten, a Japanese e-commerce heavyweight licensed by the Financial Services Agency (FSA), has officially begun letting prospective users of its cryptocurrency wallet register for the service.
The firm has made it clear that the existing clients of Rakuten Bank will not have to go through a lengthy registration process like others, as they will only need to update their information via an easy-to-use app. Interestingly, Rakuten Bank has made it clear that it has incorporated several features into its cryptocurrency trading platform to enhance user experience.
“We have enhanced support for customers by introducing an automatic response chat service that uses Artificial Intelligence (AI) technology to respond to customer inquiries 24 hours a day, 7 days a week. In addition, we plan to provide a smartphone app to enable frictionless deposits and withdrawals from any location.”
Also known as “Japan’s Amazon” Rakuten Bank secured an FSA license earlier in December 2018, after acquiring local crypto exchange, Everybody’s Bitcoin, which was hammered down by regulators for not meeting the set standards.
Now, what does this mean for Rakuten Bank and the entire cryptocurrency space? Despite the fact that Japan has always been a crypto-friendly region, the latest move by Japan’s largest e-commerce firm is a strong indication that there is an increasing demand for cryptos across the globe. If all goes as planned, the initiative could potentially attract more users to Rakuten Bank in the long run, especially if it integrates its existing cash-back program into the new Rakuten Wallet.
Now onto the second news item for today! These are certainly not the best of times for Craig Wright, the self-acclaimed Satoshi Nakamoto, as more and more highly reputed cryptocurrency exchanges are beginning to latch onto the #DelistBitcoinCashSV movement.
According to a report by Trustnodes, ShapeShift, one of the very few crypto broker-exchanges that does not subject its customers to complex know-your-customer (KYC) procedures, has made it clear that it will tread the same path with Binance and several other highly reputed bitcoin trading platforms by delisting Bitcoin Cash SV.
“We stand with Binance and Changpeng Zhao’s sentiments. We’ve decided to delist Bitcoin Cash SV from ShapeShift within 48 hrs,” said Erik Voorhees, founder and CEO of ShapeShift. Interestingly, Kraken a United States-based exchange has started an opinion poll on Twitter, asking its users whether it should delist the altcoin and so far, more than 70 percent of respondents have given the exchange the go-ahead to do so.
For those who are unaware, Bitcoin Cash SV is one of the two altcoins created in November 2018 when the Bitcoin Cash network went through a hard fork. At the time, Craig Wright, CoinGeek’s Calvin Ayre and others backed bitcoin cash SV, and it was even reported that Wright previously threatened to launch a 51% attack on Bitcoin Cash ABC, the other altcoin forked from bitcoin cash.
However, the latest campaign against Wright and his team was triggered after the former, who is an alleged fraudster from Australia, threatened to sue anybody who called him a fraud, including the founder of Binance exchange, Changpeng Zhao.
Wright has also reportedly taken legal actions against Hodlonaut, the creator of the Lightning Torch, who also took to Twitter to label the self-described creator of bitcoin, a fraud. Now, Wright’s lawyers have reportedly ordered Hodlonaut to retract his statements and delete all tweets where he called Craig Wright a fraud.
Despite Wright’s threats, a vast majority of crypto enthusiasts still firmly believe that he is not the real Satoshi Nakamoto and at press time, it seems the man is already losing the battle as his bitcoin cash SV continues to bleed while other coins on the market are on their way to the moon.
So what are your thoughts on this situation?
Do you think that the Rakuten Crypto Wallet will trigger mass adoption of cryptos? And what are your thoughts about the ongoing Craig Wright and Bitcoin Cash SV fiasco?
Let me know what you guys think below, If you liked the content please subscribe and watch our latest videos. It’s Cindy with CryptoPig, Catch you guys around!
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.