Coinbase, one of the US's foremost cryptocurrency exchanges, is finalizing its support for Bitcoin SV (BSV).
BSV holders are advised to withdraw their funds by January 9, 2024, to avoid automatic liquidation.
This step signifies a critical shift in the management of less prevalent cryptocurrencies and emphasizes the importance of keeping abreast with exchange policies.
Contents
Major US Crypto Exchange Coinbase to Cease All Bitcoin SV Transactions
Coinbase, a leading cryptocurrency exchange in the United States, has revealed that it will be terminating all support for the cryptocurrency Bitcoin Satoshi Vision (BSV).
This will effectively end the exchange’s handling of BSV.
Bitcoin Satoshi Vision (BSV) came into existence as a result of a hard fork from Bitcoin Cash in November 2018 and is known for being supported by Craig Wright, who has claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
Following instability in the BSV network due to a 51% attack in 2021, Coinbase delisted BSV but continued to allow its users to store BSV in their Coinbase wallets.
(*1) A 51% attack refers to a situation where a malicious group or individual controls more than 50% of the network's mining power, enabling them to carry out fraudulent transactions.
Final Notice for BSV Holders on Coinbase
Coinbase has issued a warning to its users via email, stating that if BSV is not withdrawn by January 9, 2024, any remaining BSV will be liquidated from their accounts.
This email serves as a final notice that Coinbase's dealings with BSV will come to a complete halt on the specified date.
Attention Required for Holders of Lesser-Known Cryptocurrencies
In the past few years, the cryptocurrency industry has seen the issuance of an extraordinarily large number of digital currencies.
With the current trend of cryptocurrencies being delisted from exchanges worldwide, it is important for holders of less prominent coins to stay alert to such announcements.
-
Coinbase Holds Nearly 1 Million BTC: As Much As Satoshi Nakamoto
Uncover the groundbreaking revelation that Coinbase holds nearly 1 million Bitcoins, closely matching the amount attributed to Satoshi Nakamoto. Arkham's analytics offer a deep dive into one of the largest BTC reserves ever reported.
続きを見る