Bitcoin News
By Maheen Hernandez
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Bitcoin Satoshi Vision (BSV) can now be withdrawn from Coinbase, the largest of the US-based cryptocurrency exchange. BSV was created in a hard fork of the Bitcoin Cash.
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During the hard fork, Bitcoin cash had to them schedule significant upgrades to their blockchain as it has been thus programmed for every six months.
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Several Coinbase users had Bitcoin cash in their accounts during the time of the hard fork, and they received BSV coins at 1:1 ratio.
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At present Coinbase is not supporting BSV trading. Users have to export their BSV balance to their external wallet.
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Coinbase sent an e-mail to their investors with instructions on how to proceed with their BSV holdings and how to deal with the circumstance via an e-mail, which stated:
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“Coinbase does not support purchase or sale of BSV. So you cannot sell your BSV for fiat currency on Coinbase.
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While this has been happening, Brian Quintenz, a Commissioner for the United States Commodity Futures Trading Commission has initiated an argument against SEC for denying Bitcoin…
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SEC has been commonly referring to price manipulation as a reason for rejection. However, Quintenz opines that this is not the right ground for approval.
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Quintenz made these comments while speaking alongside SEC Commissioner Heister Peirce. He further added when talking about Bitcoin ETFs, “Requires that they not be readily…
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He also stated, BTC being called “readily susceptible” is a qualification that is too broad.
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Of note, Peirce has gained a favorable perception from cryptocurrency investors and audience for her positive stance towards digital assets.
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